Midland States Bancorp

Midland States Bancorp, Inc. is a diversified financial holding company for Midland States Bank. The Bank provides a range of traditional community banking and other complementary financial services. Its 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 commercial loans, commercial real estate loans, mortgage and other consumer 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, and merchant 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 its Wealth Management business unit.

Company Growth (employees)
Type
Public
HQ
Effingham, US
Founded
1881
Size (employees)
715 (est)+3%
Midland States Bancorp was founded in 1881 and is headquartered in Effingham, US

Midland States Bancorp Office Locations

Midland States Bancorp has an office in Effingham
Effingham, US (HQ)
1201 Network Centre Dr

Midland States Bancorp Data and Metrics

Midland States Bancorp Financial Metrics

Midland States Bancorp's revenue was reported to be $48.2 m in Q1, 2017
USD

Revenue (Q1, 2017)

48.2 m

Gross profit (Q1, 2017)

43.8 m

Gross profit margin (Q1, 2017), %

91%

Net income (Q1, 2017)

8.5 m

EBIT (Q1, 2017)

25.9 m

Market capitalization (17-Aug-2017)

507 m

Cash (31-Mar-2017)

218.1 m
Midland States Bancorp's current market capitalization is $507 m.
USDFY, 2016

Revenue

193.3 m

Cost of goods sold

16 m

Gross profit

177.3 m

Gross profit Margin, %

92%

Sales and marketing expense

2.7 m

R&D expense

10.7 m

General and administrative expense

13.1 m

Operating expense total

121.3 m

EBIT

99.7 m

EBIT margin, %

52%

Pre tax profit

50.4 m

Income tax expense

18.9 m

Net Income

31.5 m
USDQ2, 2016Q3, 2016Q1, 2017

Revenue

46.1 m46.1 m48.2 m

Cost of goods sold

4.1 m3.9 m4.4 m

Gross profit

42 m42.2 m43.8 m

Gross profit Margin, %

91%91%91%

Sales and marketing expense

649 k717 k642 k

R&D expense

2.6 m2.6 m2.8 m

General and administrative expense

3.2 m3.3 m3.2 m

Operating expense total

6.5 m6.6 m6.6 m

EBIT

27.4 m25.9 m25.9 m

EBIT margin, %

59%56%54%

Pre tax profit

10.5 m12.1 m11.5 m

Income tax expense

3.7 m4.1 m3 m

Net Income

11.9 m20 m8.5 m
USDFY, 2016

Cash

190.7 m

Accounts Receivable

8.2 m

Inventories

136 k

PP&E

66.7 m

Goodwill

48.8 m

Total Assets

3.2 b

Accounts Payable

1 m

Total Debt

131.6 m

Total Liabilities

2.9 b

Additional Paid-in Capital

209.7 m

Retained Earnings

112.5 m

Total Equity

321.8 m

Debt to Equity Ratio

0.4 x

Debt to Assets Ratio

0 x

Financial Leverage

10 x
USDQ2, 2016Q3, 2016Q1, 2017

Cash

123.4 m228 m218.1 m

Inventories

2.2 b2.3 b2.5 b

PP&E

72.1 m70.7 m66.9 m

Goodwill

46.5 m46.5 m50.8 m

Total Assets

3 b3.2 b3.4 b

Accounts Payable

2.4 b2.4 b2.5 b

Additional Paid-in Capital

208.1 m208.5 m216.5 m

Retained Earnings

98.5 m103.8 m117.9 m

Total Equity

316.3 m321.8 m334.3 m

Financial Leverage

9.6 x10.1 x10.1 x
USDFY, 2016

Net Income

31.5 m

Depreciation and Amortization

2.1 m

Accounts Receivable

(505 k)

Accounts Payable

66 k

Cash From Operating Activities

25.5 m

Cash From Investing Activities

(360.4 m)

Cash From Financing Activities

313 m
USDQ2, 2016Q3, 2016Q1, 2017

Net Income

11.9 m20 m8.5 m

Depreciation and Amortization

519 k514 k525 k

Accounts Receivable

(663 k)(1.1 m)439 k

Accounts Payable

74 k896 k940 k

Cash From Operating Activities

(25.2 m)30.4 m47.7 m

Cash From Investing Activities

(185.2 m)(352.3 m)(148 m)

Cash From Financing Activities

121.3 m337.4 m127.7 m
USDY, 2017

Revenue/Employee

68.8 k

Financial Leverage

10.1 x

Midland States Bancorp Market Value History

Traffic Overview of Midland States Bancorp

Midland States Bancorp News and Updates

REFILE-UPDATE 2-First Hawaiian bank raises $485 million in IPO

Aug 3 (Reuters) - First Hawaiian Inc, the Honolulu-based bank controlled by France's BNP Paribas SA , said on Wednesday it had raised $485 million in an initial public offering (IPO), giving it a market valuation of about $3.21 billion.

Midland States Bancorp Company Life and Culture

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