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Midland States Bancorp, Inc. (MSBIP) Stock Fundamental Analysis & AI Rating 2026

MSBIP Nasdaq State Commercial Banks IL CIK: 0001466026
Updated This Month • Analysis: Apr 2, 2026 • SEC Data: 2025-12-31
Combined AI Rating
SELL
78% Confidence
AGREEMENT
STRONG SELL
92% Conf
SELL
64% Conf

📊 MSBIP Key Takeaways

Revenue: $236.8M
Net Margin: -52.5%
Free Cash Flow: $120.3M
Current Ratio: N/A
Debt/Equity: 0.00x
EPS: $-6.12
AI Rating: STRONG SELL with 92% confidence
Midland States Bancorp, Inc. (MSBIP) receives a SELL rating with 78% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $236.8M, net profit margin of -52.5%, and return on equity (ROE) of -22.0%, Midland States Bancorp, Inc. demonstrates mixed fundamentals in the Finance sector. Below is our complete MSBIP stock analysis for 2026.

Is Midland States Bancorp, Inc. (MSBIP) a Good Investment?

Claude

Midland States Bancorp is experiencing severe financial distress with a $124.3M net loss and -52.5% net margin, indicating fundamental operational failure rather than temporary headwinds. Despite positive operating cash flow, the company's negative profitability metrics (ROE: -22.0%, ROA: -1.9%), deteriorating earnings per share, and negative interest coverage ratio signal existential solvency concerns for a financial institution.

ChatGPT

Despite strong revenue growth, the company is unprofitable with deeply negative operating and net margins, negative ROE/ROA, and inadequate interest coverage—pointing to ongoing core earnings pressure. Positive operating cash flow and modest capex provide liquidity support, and equity appears adequate relative to assets, but profitability must normalize and credit costs stabilize for fundamentals to improve.

Why Buy Midland States Bancorp, Inc. Stock? MSBIP Key Strengths

Claude
  • + Strong operating cash flow of $125.7M providing short-term liquidity buffer
  • + Conservative debt structure with 0.00x debt-to-equity ratio limiting leverage risk
  • + Substantial asset base of $6.5B providing operational foundation
ChatGPT
  • + Positive operating cash flow and strong FCF
  • + Adequate equity relative to total assets
  • + Revenue growth momentum that could support recovery

MSBIP Stock Risks: Midland States Bancorp, Inc. Investment Risks

Claude
  • ! Massive net loss of -$124.3M with -52.5% net margin indicating core business failure
  • ! Negative interest coverage ratio of -2.5x suggests inability to service debt obligations from earnings
  • ! Deteriorating capital position with negative ROE (-22.0%) and ROA (-1.9%) eroding shareholder value
  • ! For a bank, persistent unprofitability questions asset quality and loan portfolio viability
ChatGPT
  • ! Sustained negative margins and -2.5x interest coverage
  • ! Elevated credit losses/provisioning could persist
  • ! Rising deposit costs/NIM compression pressuring core earnings

Key Metrics to Watch

Claude
  • * Net interest margin and loan loss provisions relative to portfolio
  • * Quarterly return to profitability or further deterioration in net income
  • * Non-performing assets and allowance for credit losses as percentage of total loans
  • * Capital adequacy ratios and regulatory compliance status
  • * Operating cash flow sustainability as earnings remain negative
ChatGPT
  • * Net interest margin (NIM)
  • * Nonperforming loan (NPL) ratio

Midland States Bancorp, Inc. (MSBIP) Financial Metrics & Key Ratios

Revenue
$236.8M
Net Income
$-124.3M
EPS (Diluted)
$-6.12
Free Cash Flow
$120.3M
Total Assets
$6.5B
Cash Position
$127.8M

💡 AI Analyst Insight

The 50.8% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.

MSBIP Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin -48.5%
Net Margin -52.5%
ROE -22.0%
ROA -1.9%
FCF Margin 50.8%

MSBIP vs Finance Sector: How Midland States Bancorp, Inc. Compares

How Midland States Bancorp, Inc. compares to Finance sector averages

Net Margin
MSBIP -52.5%
vs
Sector Avg 25.0%
MSBIP Sector
ROE
MSBIP -22.0%
vs
Sector Avg 12.0%
MSBIP Sector
Current Ratio
MSBIP 0.0x
vs
Sector Avg 1.2x
MSBIP Sector
Debt/Equity
MSBIP 0.0x
vs
Sector Avg 2.0x
MSBIP Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Midland States Bancorp, Inc. Stock Overvalued? MSBIP Valuation Analysis 2026

Based on fundamental analysis, Midland States Bancorp, Inc. has mixed fundamental signals relative to the Finance sector in 2026.

Return on Equity
-22.0%
Sector avg: 12%
Net Profit Margin
-52.5%
Sector avg: 25%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 2x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Midland States Bancorp, Inc. Balance Sheet: MSBIP Debt, Cash & Liquidity

Current Ratio
N/A
Quick Ratio
N/A
Debt/Equity
0.00x
Debt/Assets
91.3%
Interest Coverage
-2.51x
Long-term Debt
N/A

MSBIP Revenue & Earnings Growth: 5-Year Financial Trend

MSBIP 5-year financial data:
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Midland States Bancorp, Inc.'s revenue has remained relatively flat over the 5-year period, with a 0% decline. The most recent EPS of $2.33 reflects profitable operations.

MSBIP Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
50.8%
Free cash flow / Revenue

Midland States Bancorp, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$125.7M
Cash generated from operations
Stock Buybacks
$9.7M
Shares repurchased (TTM)
Capital Expenditures
$5.3M
Investment in assets
Dividends Paid
$27.7M
Returned to shareholders

MSBIP SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Midland States Bancorp, Inc. (CIK: 0001466026)

📋 Recent SEC Filings

Date Form Document Action
Apr 2, 2026 4 xslF345X06/primary_01.xml View →
Apr 2, 2026 4 xslF345X06/primary_01.xml View →
Apr 2, 2026 4 xslF345X06/primary_01.xml View →
Apr 2, 2026 4 xslF345X06/primary_01.xml View →
Apr 2, 2026 4 xslF345X06/primary_01.xml View →

Frequently Asked Questions about MSBIP

What is the AI rating for MSBIP?

Midland States Bancorp, Inc. (MSBIP) has a Combined AI Rating of SELL from Claude (STRONG SELL) and ChatGPT (SELL) with 78% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are MSBIP's key strengths?

Claude: Strong operating cash flow of $125.7M providing short-term liquidity buffer. Conservative debt structure with 0.00x debt-to-equity ratio limiting leverage risk. ChatGPT: Positive operating cash flow and strong FCF. Adequate equity relative to total assets.

What are the risks of investing in MSBIP?

Claude: Massive net loss of -$124.3M with -52.5% net margin indicating core business failure. Negative interest coverage ratio of -2.5x suggests inability to service debt obligations from earnings. ChatGPT: Sustained negative margins and -2.5x interest coverage. Elevated credit losses/provisioning could persist.

What is MSBIP's revenue and growth?

Midland States Bancorp, Inc. reported revenue of $236.8M.

Does MSBIP pay dividends?

Midland States Bancorp, Inc. pays dividends, with $27.7M distributed to shareholders in the trailing twelve months.

Where can I find MSBIP SEC filings?

Official SEC filings for Midland States Bancorp, Inc. (CIK: 0001466026) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is MSBIP's EPS?

Midland States Bancorp, Inc. has a diluted EPS of $-6.12.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is MSBIP a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Midland States Bancorp, Inc. has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is MSBIP stock overvalued or undervalued?

Valuation metrics for MSBIP: ROE of -22.0% (sector avg: 12%), net margin of -52.5% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.

Should I buy MSBIP stock in 2026?

Our dual AI analysis gives Midland States Bancorp, Inc. a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is MSBIP's free cash flow?

Midland States Bancorp, Inc.'s operating cash flow is $125.7M, with capital expenditures of $5.3M. FCF margin is 50.8%.

How does MSBIP compare to other Finance stocks?

Vs Finance sector averages: Net margin -52.5% (avg: 25%), ROE -22.0% (avg: 12%), current ratio N/A (avg: 1.2).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 2, 2026 | Data as of: 2025-12-31 | Powered by Claude AI