Midland States Bank

The Company's banking subsidiary, Midland States 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.

Type
Public
HQ
Effingham, US
Founded
1881
Size (employees)
700 (est)
Midland States Bank was founded in 1881 and is headquartered in Effingham, US

Midland States Bank Office Locations

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

Midland States Bank Data and Metrics

Midland States Bank Financial Metrics

Midland States Bank's revenue was reported to be $193.3 m in FY, 2016
$, USD

Revenue (FY, 2016)

193.3 m

Gross profit (FY, 2016)

177.3 m

Gross profit margin (FY, 2016), %

92%

Net income (FY, 2016)

31.5 m

EBIT (FY, 2016)

99.7 m

Market capitalization (23-Jun-2017)

530.7 m

Closing share price (23-Jun-2017)

33.4

Cash (31-Dec-2016)

190.7 m
Midland States Bank's current market capitalization is $530.7 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
$, 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

Additional Paid-in Capital

209.7 m

Retained Earnings

112.5 m

Total Equity

321.8 m

Financial Leverage

10 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
$, USDY, 2016

Revenue/Employee

276.2 k

Financial Leverage

10 x

Midland States Bank Market Value History

Midland States Bank Company Life and Culture

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