Midland States Bancorp, Inc.
MSBI, MSBIP · State Commercial Banks · 20.7M shares · -3%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $18M (gross $18M)
Reference price $26.49 · est. market cap ~$549M — last insider purchase, 2026-05-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D45Midland States Bancorp — Illinois bank reporting a loss.
Strengths
- Free cash flow 68th pct
Risks
- Net loss; negative ROE/ROA (1st-2nd pct)
- Credit-cost pressure (consumer/CRE)
Notable findings
Key metrics
Return on equity
-22.0%
Return on assets
-1.9%
Net-income growth
-426.7%
Free cash flow
$120M
Tangible book value
$549M
Cash & investments
$128M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-12 | Stack Claire Ann | Grant | 6.4K | $27.53 |
| 2026-05-05 | Franklin Travis | Buy | 9.4K | $26.49 |
| 2026-05-05 | Jameson Jeremy Andrew | Tax withheld | 2.0K | $27.08 |
| 2026-05-01 | Casey Daniel Edward | Tax withheld | 204 | $26.39 |
| 2026-03-31 | Ludwig Jeffrey G. | Grant | 1.3K | $19.05 |
| 2026-03-31 | Jameson Jeremy Andrew | Grant | 1.3K | $19.05 |
| 2026-03-31 | Jameson Jeremy Andrew | Grant | 751 | $19.05 |
| 2026-03-31 | Ludwig Jeffrey G. | Grant | 909 | $19.05 |
| 2026-01-28 | Mooney Kyle Owen | Sell | 2.8K | $22.67 |
| 2025-12-31 | Jameson Jeremy Andrew | Grant | 471 | $15.13 |
| 2025-12-03 | Jameson Jeremy Andrew | Buy | 5.6K | $17.69 |
| 2025-12-03 | Smith Jeffrey C. | Buy | 500 | $17.69 |
| 2025-12-03 | Bingham Richard Dean | Buy | 5.0K | $17.56 |
| 2025-12-03 | Bingham Richard Dean | Buy | 5.0K | $17.56 |
| 2025-12-03 | Casey Daniel Edward | Buy | 2.0K | $18.26 |
| 2025-12-03 | Casey Daniel Edward | Buy | 3.0K | $17.64 |
| 2025-11-07 | Jameson Jeremy Andrew | Tax withheld | 170 | $16.01 |
| 2025-11-07 | Casey Daniel Edward | Tax withheld | 395 | $16.01 |
| 2025-11-07 | Lemke Eric | Tax withheld | 573 | $16.01 |
| 2025-11-07 | Mefford Jeffrey S. | Tax withheld | 894 | $16.01 |
| 2025-11-07 | Spring Donald J. | Tax withheld | 140 | $16.01 |
| 2025-11-06 | Mefford Jeffrey S. | Tax withheld | 954 | $15.97 |
| 2025-11-06 | Spring Donald J. | Tax withheld | 164 | $15.97 |
| 2025-11-06 | Casey Daniel Edward | Tax withheld | 463 | $15.97 |
| 2025-11-06 | Lemke Eric | Tax withheld | 641 | $15.97 |
| 2025-11-03 | Mefford Jeffrey S. | Grant | 23K | $14.64 |
| 2025-11-03 | Ludwig Jeffrey G. | Grant | 38K | $14.64 |
| 2025-11-03 | Spring Donald J. | Grant | 4.0K | $14.64 |
| 2025-11-03 | Jameson Jeremy Andrew | Grant | 23K | $14.64 |
| 2025-11-03 | Lemke Eric | Grant | 15K | $14.64 |
| 2025-11-03 | Casey Daniel Edward | Grant | 11K | $14.64 |
| 2025-11-01 | Mefford Jeffrey S. | Tax withheld | 742 | $14.64 |
| 2025-11-01 | Spring Donald J. | Tax withheld | 199 | $14.64 |
| 2025-11-01 | Lemke Eric | Tax withheld | 472 | $14.64 |
| 2025-10-31 | Lemke Eric | Tax withheld | 294 | $14.64 |
| 2025-10-31 | Mefford Jeffrey S. | Tax withheld | 445 | $14.64 |
| 2025-10-31 | Spring Donald J. | Tax withheld | 114 | $14.64 |
| 2025-08-05 | Spring Donald J. | Disposition | 53 | $16.71 |
| 2025-06-30 | McDaniel Jerry L. | Grant | 2.6K | $17.32 |
| 2025-06-30 | DiMotta Jennifer | Grant | 2.6K | $17.32 |
| 2025-06-30 | Ludwig Jeffrey G. | Grant | 1.6K | $15.48 |
| 2025-06-30 | Ramos Richard T | Grant | 2.6K | $17.32 |
| 2025-06-30 | Ramos Richard T | Grant | 2.6K | $17.32 |
| 2025-06-30 | Schultz Robert F. | Grant | 2.6K | $17.32 |
| 2025-05-01 | Casey Daniel Edward | Tax withheld | 217 | $17.62 |
| 2025-02-07 | Carlson Gerald Joseph | Buy | 2.0K | $19.97 |
| 2025-01-30 | Carlson Gerald Joseph | Buy | 1.0K | $20.00 |
| 2025-01-28 | Spring Donald J. | Buy | 800 | $23.75 |
| 2025-01-28 | Smith Jeffrey C. | Buy | 650 | $18.96 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-11 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-05-08 | Shareholder vote | filing ↗ |
| 2026-05-05 | OtherExhibits | filing ↗ |
| 2026-05-05 | OtherExhibits | filing ↗ |
| 2026-04-23 | ResultsReg FDExhibits | filing ↗ |
| 2026-03-06 | Exec/director change | filing ↗ |
| 2026-02-04 | Exec/director changeExhibits | filing ↗ |
| 2026-02-03 | OtherExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-11 | 2026-05-08 | 0001104659-26-058721 ↗ |
| 8-K | 2026-05-08 | 2026-05-04 | 0001104659-26-057892 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001104659-26-055732 ↗ |
| 8-K | 2026-05-05 | 2026-05-05 | 0001104659-26-055691 ↗ |
| 10-Q | 2026-04-30 | 2026-03-31 | 0001466026-26-000049 ↗ |
| 8-K | 2026-04-23 | 2026-04-23 | 0001466026-26-000045 ↗ |
| 8-K | 2026-03-06 | 2026-03-05 | 0001104659-26-024769 ↗ |
| 10-K | 2026-03-02 | 2025-12-31 | 0001466026-26-000020 ↗ |
| 8-K | 2026-02-04 | 2026-02-03 | 0001104659-26-009852 ↗ |
| 8-K | 2026-02-03 | 2026-02-03 | 0001104659-26-009720 ↗ |
| 8-K | 2026-01-22 | 2026-01-22 | 0001466026-26-000012 ↗ |
| 8-K | 2025-12-19 | 2025-12-19 | 0001104659-25-123107 ↗ |