Midland States Bancorp, Inc. (MSBI) - Net Assets
Based on the latest financial reports, Midland States Bancorp, Inc. (MSBI) has net assets worth $569.69 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.70 Billion) and total liabilities ($6.13 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Midland States Bancorp, Inc. (MSBI) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $569.69 Million |
| % of Total Assets | 8.5% |
| Annual Growth Rate | 13.62% |
| 5-Year Change | -14.81% |
| 10-Year Change | 75.75% |
| Growth Volatility | 19.86 |
Midland States Bancorp, Inc. - Net Assets Trend (2009–2025)
This chart illustrates how Midland States Bancorp, Inc.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see MSBI market cap.
Annual Net Assets for Midland States Bancorp, Inc. (2009–2025)
The table below shows the annual net assets of Midland States Bancorp, Inc. from 2009 to 2025. Also explore Midland States Bancorp, Inc. annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $565.50 Million | -20.45% |
| 2024-12-31 | $710.85 Million | -10.23% |
| 2023-12-31 | $791.85 Million | +4.39% |
| 2022-12-31 | $758.57 Million | +14.27% |
| 2021-12-31 | $663.84 Million | +6.83% |
| 2020-12-31 | $621.39 Million | -6.12% |
| 2019-12-31 | $661.91 Million | +8.77% |
| 2018-12-31 | $608.52 Million | +35.36% |
| 2017-12-31 | $449.55 Million | +39.71% |
| 2016-12-31 | $321.77 Million | +38.07% |
| 2015-12-31 | $233.06 Million | +5.97% |
| 2014-12-31 | $219.93 Million | +47.17% |
| 2013-12-31 | $149.44 Million | +14.15% |
| 2012-12-31 | $130.92 Million | +3.12% |
| 2011-12-31 | $126.95 Million | +19.17% |
| 2010-12-31 | $106.53 Million | +45.36% |
| 2009-12-31 | $73.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Midland States Bancorp, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 73.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $86.83 Million | 15.35% |
| Common Stock | $212.00K | 0.04% |
| Other Comprehensive Income | $-60.33 Million | -10.67% |
| Other Components | $538.79 Million | 95.28% |
| Total Equity | $565.50 Million | 100.00% |
Midland States Bancorp, Inc. Competitors by Market Cap
The table below lists competitors of Midland States Bancorp, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enghouse Systems Ltd
TO:ENGH
|
$682.75 Million |
|
Fitipower Integrated Technology Inc
TW:4961
|
$682.89 Million |
|
Suntront Tech
SHE:300259
|
$683.00 Million |
|
SUPER HI INTERNATIONAL HOLDING LTD. American Depositary Shares
NASDAQ:HDL
|
$683.09 Million |
|
Southern California Bancorp Common Stock
NASDAQ:BCAL
|
$682.34 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$682.28 Million |
|
Hubei Radio and Television Information Network Co Ltd
SHE:000665
|
$682.24 Million |
|
General Interface Solution GIS Holding Ltd
TW:6456
|
$682.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Midland States Bancorp, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 710,847,000 to 565,499,000, a change of -145,348,000 (-20.4%).
- Net loss of 124,281,000 reduced equity.
- Dividend payments of 36,592,000 reduced retained earnings.
- Share repurchases of 9,658,000 reduced equity.
- Other comprehensive income increased equity by 21,627,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-124.28 Million | -21.98% |
| Dividends Paid | $36.59 Million | -6.47% |
| Share Repurchases | $9.66 Million | -1.71% |
| Other Comprehensive Income | $21.63 Million | +3.82% |
| Other Changes | $3.56 Million | +0.63% |
| Total Change | $- | -20.45% |
Book Value vs Market Value Analysis
This analysis compares Midland States Bancorp, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.75x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | $4.94 | $33.33 | x |
| 2010-12-31 | $7.17 | $33.33 | x |
| 2011-12-31 | $8.25 | $33.33 | x |
| 2012-12-31 | $18.98 | $33.33 | x |
| 2013-12-31 | $10.06 | $33.33 | x |
| 2014-12-31 | $14.78 | $33.33 | x |
| 2015-12-31 | $15.70 | $33.33 | x |
| 2016-12-31 | $22.30 | $33.33 | x |
| 2017-12-31 | $24.59 | $33.33 | x |
| 2018-12-31 | $25.84 | $33.33 | x |
| 2019-12-31 | $27.02 | $33.33 | x |
| 2020-12-31 | $26.62 | $33.33 | x |
| 2021-12-31 | $29.44 | $33.33 | x |
| 2022-12-31 | $33.87 | $33.33 | x |
| 2023-12-31 | $35.79 | $33.33 | x |
| 2024-12-31 | $32.70 | $33.33 | x |
| 2025-12-31 | $25.88 | $33.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Midland States Bancorp, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -21.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.58%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 11.52x
- Recent ROE (-21.98%) is below the historical average (7.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 25.02% | 19.82% | 0.08x | 15.20x | $11.01 Million |
| 2010 | 11.33% | 11.78% | 0.06x | 15.34x | $1.42 Million |
| 2011 | 8.96% | 12.06% | 0.06x | 11.98x | $-1.32 Million |
| 2012 | 6.45% | 11.27% | 0.05x | 12.01x | $-4.65 Million |
| 2013 | 9.71% | 15.71% | 0.05x | 11.64x | $-439.00K |
| 2014 | 4.93% | 12.13% | 0.03x | 12.20x | $-11.13 Million |
| 2015 | 10.44% | 13.95% | 0.06x | 12.38x | $1.02 Million |
| 2016 | 9.80% | 16.48% | 0.06x | 10.05x | $-635.00K |
| 2017 | 3.57% | 7.63% | 0.05x | 9.82x | $-28.90 Million |
| 2018 | 6.48% | 13.38% | 0.05x | 9.26x | $-21.43 Million |
| 2019 | 8.43% | 17.06% | 0.05x | 9.20x | $-10.41 Million |
| 2020 | 3.63% | 7.13% | 0.05x | 11.05x | $-39.60 Million |
| 2021 | 12.25% | 25.96% | 0.04x | 11.21x | $14.93 Million |
| 2022 | 13.21% | 22.96% | 0.06x | 10.36x | $24.38 Million |
| 2023 | 9.53% | 113.32% | 0.01x | 9.93x | $-3.73 Million |
| 2024 | 5.35% | 6.97% | 0.07x | 10.56x | $-33.04 Million |
| 2025 | -21.98% | -26.58% | 0.07x | 11.52x | $-180.83 Million |
Industry Comparison
This section compares Midland States Bancorp, Inc.'s net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $574,041,500
- Average return on equity (ROE) among peers: 7.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Midland States Bancorp, Inc. (MSBI) | $569.69 Million | 25.02% | 10.76x | $682.54 Million |
| Ameris Bancorp (ABCB) | $141.98 Million | 7.29% | 7.40x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $804.48 Million | 9.14% | 8.77x | $5.62 Billion |
| ACNB Corporation (ACNB) | $61.12 Million | 12.64% | 7.91x | $656.47 Million |
| Affinity Bancshares Inc (AFBI) | $45.08 Million | 2.57% | 4.16x | $140.18 Million |
| Alerus Financial Corp (ALRS) | $182.82 Million | 9.36% | 8.54x | $822.80 Million |
| Amalgamated Bank (AMAL) | $439.37 Million | 10.16% | 9.66x | $1.27 Billion |
| Amerant Bancorp Inc. (AMTB) | $747.42 Million | 6.13% | 9.87x | $979.96 Million |
| Arrow Financial Corporation (AROW) | $334.39 Million | 12.21% | 10.03x | $708.35 Million |
| Associated Banc-Corp (ASB) | $2.88 Billion | 5.86% | 7.41x | $5.62 Billion |
| AmeriServ Financial Inc (ASRV) | $107.25 Million | 3.36% | 12.26x | $78.95 Million |
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates in Banking and Wealth Management segments. The company offers commercial loans; commercial real estate loans that include various property types, such as owner-occupied offices, … Read more