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Midland States Bancorp (MSBI) Company Profile

Updated Dec 2, 2019
Midland States Bancorp has the following business profile:
Company's Full Name:Midland States Bancorp, Inc.
Short Name:Midland States Bancorp
Trading Ticker Symbol:MSBI
Primary Exchange:NASDAQ
Headquarter City/Country:Illinois, IL
Primary Industry Sector:Finance
Seconday Sub-sector:Major Banks
Main Business Areas: Finance, Major Banks, Financial Services, Regional US Banks, Bank
Dividend Payments:Dividend History

Market and Trading Information for Midland States Bancorp

The following details were available for trading and market data about the stock of Midland States Bancorp as of writing:
Current Share Price:$28.05
Previous Year's Closing Price:$22.34
Percentage Price Change (YTD):25.56%
Market Cap:$680.78 million
52-week Price Range:$19.56 - $28.36
Dividend Per Share:$0.95
EPS (TTM):2.44
Price-Earnings (Trailing):11.48
Price-Earnings (Forward):10.31

Company Profile and Business Description for Midland States Bancorp

Midland States Bancorp, Inc., incorporated on October 25, 2010, is a diversified financial holding company. The Company's banking subsidiary is Midland States Bank (the Bank). Its principal business activity has been lending to and accepting deposits from individuals, businesses, municipalities and other entities. The Company's segments include Banking; Commercial Federal Housing Administration (FHA) Origination and Servicing, and Other. The Banking segment provides a range of financial products and services to consumers and businesses, including loan products; commercial equipment leasing; mortgage loan sales and servicing; letters of credit; various types of deposit products, including checking, savings and time deposit accounts; merchant services, and corporate treasury management services. The Commercial FHA Origination and Servicing segment provides for the origination and servicing of government sponsored mortgages for multifamily and healthcare facilities. The Other segment includes the operating results of the Company and its wealth management business unit. The Company's wealth management activities consist of trust and fiduciary services, brokerage and retirement planning services.

The Company's business lines include traditional community banking, residential mortgage origination, wealth management, commercial FHA origination and servicing, and commercial equipment leasing. Its commercial equipment leasing business provides financing to business customers across the country. Its traditional community banking business primarily consists of commercial and retail lending, and deposit taking. The Bank has branches across Illinois and in Missouri and Colorado.

Lending Activities

The Company offers various loans, such as commercial loans, commercial real estate loans, construction and land development loans, residential real estate loans, consumer loans and lease financing. As of September 30, 2016, the Company's total net loans were $2.3 billion.

Investment Activities

The Company's investment portfolio includes its investment securities available for sale and investment securities held to maturity. The Company's investment securities available for sale includes the United States treasury securities, government sponsored entity debt securities, agency mortgage-backed securities, covered non-agency mortgage-backed securities, state and municipal securities, and corporate securities. The Company's investment securities held to maturity include state and municipal securities. As of September 30, 2016, the Company's total investment securities were $335.1 million.

Sources of Funds

The Company's primary sources of funds are deposits. In addition to deposits, it uses short term borrowings, such as federal funds purchased and securities sold under agreements to repurchase, as a source of funds. The Company offers noninterest-bearing demand deposits and interest-bearing demand deposits, such as negotiable order of withdrawal, money market, savings and time deposits. As of September 30, 2016, its short term borrowings were $138.3 million. As of September 30, 2016, its total deposits were $2.42 billion.

1201 Network Centre Dr

Peer / Competitor Companies of Major Banks Sector

Along with Midland States Bancorp, Inc., the following other peer (competitor) companies also exist within the same Major Banks - Finance sector whose company profile and dividend history is as follows:

▶ 1st Source (SRCE): 1st Source Corporation operates as the holding company for 1st Source Bank that provides commercial and consumer banking services, trust and investment management services, and insurance to individual....See Detailed Company Profile  and Dividend History.

▶ ACNB (ACNB): ACNB Corporation, incorporated on November 9, 1982, is a financial holding company. The Companys banking operations are conducted through its operating subsidiary, ACNB Bank (the Bank), and offers a range ....See Detailed Company Profile  and Dividend History.

▶ Allegiance Bancshares (ABTX): Allegiance Bancshares, Inc., incorporated on April 30, 2008, is a bank holding company. Through its subsidiary, Allegiance Bank (the Bank), the Company provides a range of commercial banking services primarily ....See Detailed Company Profile  and Dividend History.

▶ American National Bankshares (AMNB): American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides financial products and services. The company operates through two segm....See Detailed Company Profile  and Dividend History.

▶ American River Bankshares (AMRB): American River Bankshares operates as the holding company for American River Bank that provides commercial banking products and services to small and middle-market businesses, and individuals in Calif....See Detailed Company Profile  and Dividend History.

▶ Ameris Bancorp (ABCB): Ameris Bancorp operates as the holding company for Ameris Bank that provides banking services to retail and commercial customers primarily in Georgia, Alabama, Florida, and South Carolina. The company....See Detailed Company Profile  and Dividend History.

▶ AmeriServ Financial (ASRV): AmeriServ Financial Inc. operates as the bank holding company for AmeriServ Financial Bank that provides various consumer, mortgage, and commercial financial products. It offers retail banking service....See Detailed Company Profile  and Dividend History.

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▶ Ames National (ATLO): Ames National Corporation, incorporated on January 15, 1975, is a bank holding company. The Company operates through banking segment. The Company owns five banking subsidiaries consisting of two national banks ....See Detailed Company Profile  and Dividend History.

▶ ANZ Bank ADR (ANZBY): Australia and New Zealand Banking Group Limited provides various banking and financial products and services. The company's Australia division offers retail products and services to consumers through the branch....See Detailed Company Profile  and Dividend History.

▶ Arrow Financial (AROW): Arrow Financial Corporation (Arrow), incorporated on March 21, 1983, is a bank holding company. The Companys banking subsidiaries are Glens Falls National Bank and Trust Company (Glens Falls National) and ....See Detailed Company Profile  and Dividend History.

▶ Associated Banc-Corp (ASB): Associated Banc-Corp, incorporated on October 20, 1964, is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a ....See Detailed Company Profile  and Dividend History.

▶ Atlantic Capital Bancshares (ACBI): Atlantic Capital Bancshares, Inc. operates as the holding company for Atlantic Capital Bank, N.A. that provides commercial banking products and services in the United States. The company offers NOW, m....See Detailed Company Profile  and Dividend History.

▶ Auburn National Bancorporation (AUBN): Auburn National Bancorporation, Inc., incorporated on April 12, 1990, is a bank holding company. The Company operates through its subsidiary AuburnBank (the Bank), which is a commercial bank located in ....See Detailed Company Profile  and Dividend History.

▶ Banc of California (BANC): Banc of California, Inc. operates as the bank holding company for Banc of California, National Association that provides banking products and services in the United States. The company's deposits cons....See Detailed Company Profile  and Dividend History.

▶ BancFirst (BANF): BancFirst Corporation, incorporated on July 12, 1984, is a financial holding company. The Company conducts its operating activities through its principal subsidiary, BancFirst (the Bank), a state-chartered bank. The Company ....See Detailed Company Profile  and Dividend History.

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▶ Banco Bradesco Sa (BBD): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pensi....See Detailed Company Profile  and Dividend History.

▶ Banco Bradesco Sa (BBDO): Banco Bradesco S.A. provides banking and financial products and services to individuals, enterprises, and corporations and institutions. It operates through two segments, Banking; and Insurance, Pension Plans a....See Detailed Company Profile  and Dividend History.

▶ Bancorp of New Jersey (BKJ): Bancorp of New Jersey, Inc. operates as a bank holding company of Bank of New Jersey that provides banking services to individuals, businesses, non-profit organizations, and governmental units. The co....See Detailed Company Profile  and Dividend History.

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