MIDLAND STATES BANCORP INC(NASDAQ:MSBI) stock Fundamental Analysis

Fundamental Rating

We assign a fundamental rating of 3 out of 10 to MSBI. MSBI was compared to 395 industry peers in the Banks industry. MSBI may be in some trouble as it scores bad on both profitability and health. MSBI is valued correctly, but it does not seem to be growing. MSBI also has an excellent dividend rating.

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1. Profitability

1.1 Basic Checks

In the past year MSBI has reported negative net income.

MSBI had a positive operating cash flow in the past year.

Of the past 5 years MSBI 4 years were profitable.

Of the past 5 years MSBI 4 years had a positive operating cash flow.

1.2 Ratios

MSBI has a worse Return On Assets (0.56%) than 71.90% of its industry peers.

With a Return On Equity value of 5.32%, MSBI is not doing good in the industry: 75.19% of the companies in the same industry are doing better.

		Industry Rank	Sector Rank
ROA	0.56%
ROE	5.32%
ROIC	N/A

ROA(3y)1.04%

ROA(5y)0.87%

ROE(3y)10.97%

ROE(5y)8.97%

ROIC(3y)N/A

ROIC(5y)N/A

1.3 Margins

Looking at the Profit Margin, with a value of 14.69%, MSBI is doing worse than 75.95% of the companies in the same industry.

In the last couple of years the Profit Margin of MSBI has grown nicely.

MSBI does not have Operating Margin and Gross Margin available, so we won't be analyzing them here.

		Industry Rank	Sector Rank
OM	N/A
PM (TTM)	14.69%
GM	N/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y36.3%

PM growth 5Y6.98%

GM growth 3YN/A

GM growth 5YN/A

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ROA

ROE

ROIC

Operating and Profit Margin

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2. Health

2.1 Basic Checks

MSBI does not have a ROIC to compare to the WACC, probably because it is not profitable.

There is no outstanding debt for MSBI. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.

2.2 Solvency

MSBI has a debt to FCF ratio of 0.92. This is a very positive value and a sign of high solvency as it would only need 0.92 years to pay back of all of its debts.

Looking at the Debt to FCF ratio, with a value of 0.92, MSBI is in the better half of the industry, outperforming 74.43% of the companies in the same industry.

MSBI has a Debt/Equity ratio of 0.18. This is a healthy value indicating a solid balance between debt and equity.

The Debt to Equity ratio of MSBI (0.18) is comparable to the rest of the industry.

		Industry Rank	Sector Rank
Debt/Equity	0.18
Debt/FCF	0.92
Altman-Z	N/A

ROIC/WACCN/A

WACC15.86%

2.3 Liquidity

		Industry Rank	Sector Rank
Current Ratio	N/A
Quick Ratio	N/A

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WACC

Debt/Equity

How to determine the health of a company

Altman-Z score

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3. Growth

3.1 Past

The earnings per share for MSBI have decreased strongly by -124.91% in the last year.

EPS 1Y (TTM)-124.91%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%7.55%

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-5.76%

3.2 Future

The Earnings Per Share is expected to grow by 140.43% on average over the next years. This is a very strong growth

The Revenue is expected to grow by 1.62% on average over the next years.

EPS Next Y461.86%

EPS Next 2Y140.43%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue Next Year2.4%

Revenue Next 2Y1.62%

Revenue Next 3YN/A

Revenue Next 5YN/A

3.3 Evolution

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4. Valuation

4.1 Price/Earnings Ratio

MSBI reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.

With a Price/Forward Earnings ratio of 6.30, the valuation of MSBI can be described as very cheap.

Compared to the rest of the industry, the Price/Forward Earnings ratio of MSBI indicates a rather cheap valuation: MSBI is cheaper than 92.15% of the companies listed in the same industry.

MSBI is valuated cheaply when we compare the Price/Forward Earnings ratio to 22.10, which is the current average of the S&P500 Index.

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	6.3

4.2 Price Multiples

Compared to the rest of the industry, the Price/Free Cash Flow ratio of MSBI indicates a rather cheap valuation: MSBI is cheaper than 98.73% of the companies listed in the same industry.

		Industry Rank	Sector Rank
P/FCF	2.25
EV/EBITDA	N/A

4.3 Compensation for Growth

MSBI's low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.

MSBI's earnings are expected to grow with 140.43% in the coming years. This may justify a more expensive valuation.

PEG (NY)N/A

PEG (5Y)N/A

EPS Next 2Y140.43%

EPS Next 3YN/A

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5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 7.26%, MSBI is a good candidate for dividend investing.

MSBI's Dividend Yield is rather good when compared to the industry average which is at 3.45. MSBI pays more dividend than 97.22% of the companies in the same industry.

MSBI's Dividend Yield is rather good when compared to the S&P500 average which is at 2.40.

		Industry Rank	Sector Rank
Dividend Yield	7.26%

5.2 History

The dividend of MSBI is nicely growing with an annual growth rate of 11.38%!

MSBI has paid a dividend for at least 10 years, which is a reliable track record.

MSBI has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.

Dividend Growth(5Y)11.38%

Div Incr Years8

Div Non Decr Years8

5.3 Sustainability

MSBI pays out 82.20% of its income as dividend. This is not a sustainable payout ratio.

The dividend of MSBI is growing, but earnings are growing more, so the dividend growth is sustainable.

DP82.2%

EPS Next 2Y140.43%

EPS Next 3YN/A

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MIDLAND STATES BANCORP INC

NASDAQ:MSBI (5/29/2025, 2:25:40 PM)

16.68

+0.01 (+0.06%)

Chartmill FA Rating

GICS SectorFinancials

GICS IndustryGroupBanks

GICS IndustryBanks

Earnings (Last)04-30 2025-04-30/amc

Earnings (Next)07-23 2025-07-23/amc

Inst Owners63.4%

Inst Owner Change2.79%

Ins Owners3.29%

Ins Owner Change0.27%

Market Cap358.62M

Analysts50

Price Target19.89 (19.24%)

Short Float %1.96%

Short Ratio3.28

Dividend

		Industry Rank	Sector Rank
Dividend Yield	7.26%

Yearly Dividend1.62

Dividend Growth(5Y)11.38%

DP82.2%

Div Incr Years8

Div Non Decr Years8

Ex-Date05-16 2025-05-16 (0.31)

Surprises & Revisions

EPS beat(2)1

Avg EPS beat(2)-29.38%

Min EPS beat(2)-71.98%

Max EPS beat(2)13.22%

EPS beat(4)2

Avg EPS beat(4)-20.87%

Min EPS beat(4)-71.98%

Max EPS beat(4)13.22%

EPS beat(8)5

Avg EPS beat(8)-10.2%

EPS beat(12)9

Avg EPS beat(12)-4.91%

EPS beat(16)10

Avg EPS beat(16)-7.22%

Revenue beat(2)0

Avg Revenue beat(2)-2.52%

Min Revenue beat(2)-4.72%

Max Revenue beat(2)-0.32%

Revenue beat(4)2

Avg Revenue beat(4)-0.52%

Min Revenue beat(4)-4.72%

Max Revenue beat(4)2.06%

Revenue beat(8)3

Avg Revenue beat(8)1.19%

Revenue beat(12)4

Avg Revenue beat(12)0.82%

Revenue beat(16)4

Avg Revenue beat(16)-0.52%

PT rev (1m)-5.45%

PT rev (3m)-13.33%

EPS NQ rev (1m)0%

EPS NQ rev (3m)0%

EPS NY rev (1m)0%

EPS NY rev (3m)0%

Revenue NQ rev (1m)0%

Revenue NQ rev (3m)0%

Revenue NY rev (1m)0%

Revenue NY rev (3m)0%

Valuation

		Industry Rank	Sector Rank
PE	N/A
Fwd PE	6.3
P/S	1.21
P/FCF	2.25
P/OCF	2.17
P/B	0.44
P/tB	0.57
EV/EBITDA	N/A

EPS(TTM)-0.66

EYN/A

EPS(NY)2.65

Fwd EY15.87%

FCF(TTM)7.43

FCFY44.54%

OCF(TTM)7.7

OCFY46.16%

SpS13.77

BVpS38.06

TBVpS29.07

PEG (NY)N/A

PEG (5Y)N/A

Profitability

		Industry Rank	Sector Rank
ROA	0.56%
ROE	5.32%
ROCE	N/A
ROIC	N/A
ROICexc	N/A
ROICexgc	N/A
OM	N/A
PM (TTM)	14.69%
GM	N/A
FCFM	53.96%

ROA(3y)1.04%

ROA(5y)0.87%

ROE(3y)10.97%

ROE(5y)8.97%

ROIC(3y)N/A

ROIC(5y)N/A

ROICexc(3y)N/A

ROICexc(5y)N/A

ROICexgc(3y)N/A

ROICexgc(5y)N/A

ROCE(3y)N/A

ROCE(5y)N/A

ROICexcg growth 3YN/A

ROICexcg growth 5YN/A

ROICexc growth 3YN/A

ROICexc growth 5YN/A

OM growth 3YN/A

OM growth 5YN/A

PM growth 3Y36.3%

PM growth 5Y6.98%

GM growth 3YN/A

GM growth 5YN/A

F-Score6

Asset Turnover0.04

Health

		Industry Rank	Sector Rank
Debt/Equity	0.18
Debt/FCF	0.92
Debt/EBITDA	N/A
Cap/Depr	49.76%
Cap/Sales	1.96%
Interest Coverage	N/A
Cash Conversion	N/A
Profit Quality	367.25%
Current Ratio	N/A
Quick Ratio	N/A
Altman-Z	N/A

F-Score6

WACC15.86%

ROIC/WACCN/A

Cap/Depr(3y)41.75%

Cap/Depr(5y)34.79%

Cap/Sales(3y)1.64%

Cap/Sales(5y)1.6%

Profit Quality(3y)293.47%

Profit Quality(5y)814.22%

High Growth Momentum

Growth

EPS 1Y (TTM)-124.91%

EPS 3YN/A

EPS 5YN/A

EPS Q2Q%7.55%

EPS Next Y461.86%

EPS Next 2Y140.43%

EPS Next 3YN/A

EPS Next 5YN/A

Revenue 1Y (TTM)N/A

Revenue growth 3YN/A

Revenue growth 5YN/A

Sales Q2Q%-5.76%

Revenue Next Year2.4%

Revenue Next 2Y1.62%

Revenue Next 3YN/A

Revenue Next 5YN/A

EBIT growth 1YN/A

EBIT growth 3YN/A

EBIT growth 5YN/A

EBIT Next YearN/A

EBIT Next 3YN/A

EBIT Next 5YN/A

FCF growth 1Y-32.46%

FCF growth 3Y-33.52%

FCF growth 5Y10.17%

OCF growth 1Y-30.85%

OCF growth 3Y-32.33%

OCF growth 5Y9.75%

MIDLAND STATES BANCORP INC (MSBI) Stock Fundamental Analysis

1. Profitability

1.1 Basic Checks

1.2 Ratios

1.3 Margins

More info and screens

2. Health

2.1 Basic Checks

2.2 Solvency

2.3 Liquidity

More info and screens

3. Growth

3.1 Past

3.2 Future

3.3 Evolution

More info and screens

4. Valuation

4.1 Price/Earnings Ratio

4.2 Price Multiples

4.3 Compensation for Growth

More info and screens

5. Dividend

5.1 Amount

5.2 History

5.3 Sustainability

More info and screens