← Midland States Bancorp, Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total interest income | $153.1m |
$223.4m
+45.88%
|
$249.5m
+11.71%
|
$244.9m
-1.86%
|
$237.8m
-2.89%
|
$301.8m
+26.89%
|
$404.3m
+33.98%
|
$426.1m
+5.40%
|
$387.9m
-8.98%
|
— | |
| Wealth management revenue | $13.3m | $20.5m | $21.8m | $22.8m | $26.8m | $25.7m | $25.6m | $28.7m | $31.0m | — | |
| Interchange revenue | $5.4m | $10.7m | $12.0m | $12.3m | $14.5m | $13.9m | $14.3m | $14.0m | $13.5m | — | |
| Residential mortgage banking revenue | $9.1m | $5.7m | $2.9m | $9.8m | $5.5m | $1.5m | $1.9m | $2.4m | $2.9m | — | |
| Gain (loss) on sales of investment securities, net | $222k | $464k | $674k | $1.7m | $537k | ($230k) | ($9.4m) | ($230k) | $14k | — | |
| Total noninterest income | $59.4m | $71.8m | $75.3m | $61.2m | $69.9m | $79.9m | $66.6m | $138.7m | $88.2m | — | |
| Net interest income | $129.7m |
$180.1m
+38.89%
|
$189.8m
+5.40%
|
$199.1m
+4.91%
|
$207.7m
+4.29%
|
$245.7m
+18.33%
|
$236.0m
-3.95%
|
$236.3m
+0.14%
|
$236.8m
+0.19%
|
$236.8m
+0.01%
|
|
| Salaries and employee benefits | $78.7m | $97.4m | $91.9m | $85.6m | $86.9m | $90.3m | $93.4m | $93.6m | $104.4m | — | |
| Amortization of intangible assets | $3.3m | $7.0m | $7.1m | $6.5m | $5.9m | $5.4m | $4.8m | $4.0m | $3.2m | — | |
| Total noninterest expense | $153.0m | $191.6m | $175.6m | $184.0m | $175.1m | $175.7m | $173.9m | $207.9m | $380.0m | — | |
| Total interest expense | $23.5m | $43.3m | $59.7m | $45.8m | $30.1m | $56.0m | $168.3m | $189.8m | $151.1m | — | |
| Net interest income after provision for credit losses | $120.1m |
$170.7m
+42.09%
|
$172.8m
+1.27%
|
$154.8m
-10.45%
|
$204.3m
+31.99%
|
$225.6m
+10.44%
|
$214.9m
-4.75%
|
$116.0m
-46.01%
|
$177.0m
+52.53%
|
$236.8m
+33.83%
|
|
| Other income | $7.5m | $12.4m | $13.5m | $8.8m | $15.8m | $8.0m | $17.8m | $12.1m | $8.5m | — | |
| Other expense | $12.4m | $15.1m | $17.6m | $17.6m | $17.1m | $15.1m | $12.2m | $14.6m | $12.4m | — | |
| Income (loss) before income taxes | $26.5m | $50.8m | $72.5m | $32.0m | $99.1m | $129.8m | $107.6m | $46.9m | ($114.9m) | — | |
| Income tax expense | $10.4m | $11.4m | $16.7m | $9.5m | $17.8m | $30.8m | $32.1m | $8.9m | $9.4m | $14.9m | |
| Net income (loss) | $16.1m |
$39.4m
+145.52%
|
$55.8m
+41.51%
|
$22.5m
-59.60%
|
$81.3m
+260.82%
|
$99.0m
+21.78%
|
$75.5m
-23.80%
|
$38.0m
-49.58%
|
($124.3m)
-426.68%
|
$33.0m
+126.54%
|
|
| Net income (loss) available to common shareholders | $16.0m | $39.3m | $55.7m | $22.5m | $81.3m | $95.9m | $66.5m | $29.1m | ($133.2m) | $33.0m | |
| Basic earnings (loss) per common share (in dollars per share) | $0.89 | $1.69 | $2.28 | $0.95 | $3.58 | $4.24 | $2.97 | $1.32 | ($6.12) | — | |
| Diluted earnings (loss) per common share (in dollars per share) | $0.87 | $1.66 | $2.26 | $0.95 | $3.57 | $4.23 | $2.97 | $1.32 | ($6.12) | — | |
| Weighted average common shares outstanding (in shares) | 17.8m | 23.1m | 24.3m | 23.3m | 22.5m | 22.3m | 22.1m | 21.7m | 21.8m | — | |
| Weighted average diluted common shares outstanding (in shares) | 18.3m | 23.5m | 24.5m | 23.3m | 22.5m | 22.4m | 22.1m | 21.7m | 21.8m | — | |
| Loans, including fees: Taxable | $135.9m | $194.7m | $218.4m | $217.5m | $213.9m | $274.6m | $365.5m | $365.9m | $310.2m | — | |
| Loans, including fees: Tax exempt | $1.3m | $3.3m | $3.6m | $3.1m | $2.5m | $2.1m | $1.8m | $1.5m | $1.7m | — | |
| Loans held for sale | $2.3m | $1.7m | $1.4m | $1.9m | $1.1m | $404k | $260k | $392k | $5.2m | — | |
| Taxable | $6.8m | $13.9m | $14.7m | $14.8m | $13.9m | $15.8m | $28.7m | $49.8m | $63.2m | — | |
| Tax exempt | $3.7m | $4.6m | $4.1m | $3.5m | $3.3m | $2.7m | $1.3m | $1.5m | $1.8m | — | |
| Nonmarketable equity securities | $1.2m | $2.0m | $2.4m | $2.6m | $2.3m | $2.2m | $2.8m | $3.1m | $2.7m | — | |
| Federal funds sold and cash investments | $2.0m | $3.2m | $5.0m | $1.5m | $728k | $3.9m | $3.9m | $4.0m | $3.1m | — | |
| Deposits | $12.1m | $22.1m | $34.2m | $21.5m | $11.0m | $36.1m | $136.9m | $160.7m | $124.3m | — | |
| Short-term borrowings | $379k | $698k | $835k | $178k | $86k | $104k | $68k | $2.0m | $2.8m | — | |
| Federal Home Loan Bank advances | $4.6m | $11.3m | $13.9m | $12.0m | $8.4m | $9.3m | $20.7m | $16.5m | $14.6m | — | |
| Subordinated debt | $4.1m | $6.1m | $7.4m | $9.7m | $8.7m | $7.5m | $5.3m | $5.3m | $4.6m | — | |
| Trust preferred debentures | $2.3m | $3.1m | $3.3m | $2.3m | $2.0m | $3.0m | $5.3m | $5.4m | $4.8m | — | |
| Provision for credit losses on loans | — | $9.4m | $17.0m | $43.1m | $4.0m | $18.8m | $21.1m | $119.3m | $60.5m | — | |
| (Recapture of) provision for credit losses on unfunded commitments | — | $0 | $0 | $366k | ($145k) | ($221k) | $0 | $0 | ($700k) | — | |
| Service charges on deposit accounts | $6.0m | $10.4m | $11.0m | $8.6m | $8.3m | $9.5m | $12.0m | $13.2m | $13.8m | — | |
| Income on company-owned life insurance | — | $4.3m | $3.6m | $3.6m | $4.5m | $3.6m | $4.4m | $7.7m | $8.6m | — | |
| Credit enhancement income | — | — | — | — | — | $70.0m | $48.2m | $61.0m | $9.9m | — | |
| Occupancy and equipment | $14.7m | $18.9m | $18.8m | $17.6m | $14.9m | $14.8m | $16.0m | $16.8m | $17.2m | $17.3m | |
| Data processing | $15.2m | $26.1m | $21.6m | $22.6m | $24.6m | $24.4m | $26.3m | $28.2m | $28.0m | — | |
| FDIC insurance | $1.8m | $2.2m | $776k | — | $3.3m | $3.3m | $4.8m | $5.3m | $8.1m | — | |
| Professional services | $14.4m | $12.8m | $8.8m | $7.2m | $11.0m | $6.9m | $7.0m | $7.8m | $9.9m | — | |
| Marketing | $3.3m | $4.8m | $3.9m | $3.5m | $3.2m | $3.3m | $3.2m | $3.9m | $5.9m | — | |
| Communications | $2.5m | $4.4m | $3.0m | $4.1m | $3.0m | $2.4m | $1.7m | $1.4m | $1.4m | — | |
| Loan expense | $2.0m | $2.0m | $2.2m | $2.5m | $2.0m | $4.6m | $4.2m | $6.0m | $7.0m | — | |
| Loan servicing fees | — | — | — | — | — | $22.8m | $19.2m | $12.9m | $4.6m | — | |
| Impairment on goodwill | — | — | — | — | — | — | $0 | $0 | $154.0m | — | |
| Other real estate owned | $800k | $524k | $467k | $2.2m | $1.3m | $5.2m | $333k | $5.6m | $281k | — | |
| Loss on sale of loan portfolios | — | — | — | — | — | — | $0 | $0 | $23.1m | — | |
| Impairment on leased assets and surrendered assets | — | — | — | — | — | $0 | $0 | $7.9m | $684k | — | |
| Preferred dividends | $83k | $141k | $46k | $0 | $0 | $3.2m | $8.9m | $8.9m | $8.9m | — | |
| Total provision for credit losses | — | $9.4m | $17.0m | $44.4m | $3.4m | $20.1m | $21.1m | $120.3m | $59.8m | — |