Midland States Bancorp Inc (MSBI) - Net Assets
Based on the latest financial reports, Midland States Bancorp Inc (MSBI) has net assets worth $565.50 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($6.51 Billion) and total liabilities ($5.95 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. Explore Midland States Bancorp Inc cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $565.50 Million |
| % of Total Assets | 8.69% |
| 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. Explore MSBI long-term investment intensity to see how much of total assets are deployed in long-term investments.
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. For live valuation and market cap data, see Midland States Bancorp Inc market cap and net worth.
| 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | $565.50 Million | 100.00% |
| 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 |
|---|---|
|
John Mattson Fastighetsforetagen AB
ST:JOMA
|
$495.11 Million |
|
Shanghai Trendzone Decor Grp
SHG:603030
|
$495.26 Million |
|
Hunan Sundy Science and Technology Co Ltd
SHE:300515
|
$495.28 Million |
|
Dateline Resources Ltd
AU:DTR
|
$495.44 Million |
|
RF Materials Co. Ltd
KQ:327260
|
$495.02 Million |
|
Hangzhou Electn Soul Network
SHG:603258
|
$494.66 Million |
|
Zhongyan Technology Co Ltd
SHE:003001
|
$494.47 Million |
|
Eastern & Oriental Bhd
KLSE:3417
|
$494.33 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.
- Other comprehensive income increased equity by 81,960,000.
- Other factors decreased equity by 103,027,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-124.28 Million | -21.98% |
| Other Comprehensive Income | $81.96 Million | +14.49% |
| Other Changes | $-103.03 Million | -18.22% |
| 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: 1.07x
- 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 5.63x to 1.07x 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 | $27.81 | x |
| 2010-12-31 | $7.17 | $27.81 | x |
| 2011-12-31 | $8.25 | $27.81 | x |
| 2012-12-31 | $18.98 | $27.81 | x |
| 2013-12-31 | $10.06 | $27.81 | x |
| 2014-12-31 | $14.78 | $27.81 | x |
| 2015-12-31 | $15.68 | $27.81 | x |
| 2016-12-31 | $22.30 | $27.81 | x |
| 2017-12-31 | $24.59 | $27.81 | x |
| 2018-12-31 | $25.84 | $27.81 | x |
| 2019-12-31 | $27.02 | $27.81 | x |
| 2020-12-31 | $26.62 | $27.81 | x |
| 2021-12-31 | $29.44 | $27.81 | x |
| 2022-12-31 | $33.87 | $27.81 | x |
| 2023-12-31 | $35.79 | $27.81 | x |
| 2024-12-31 | $32.70 | $27.81 | x |
| 2025-12-31 | $25.88 | $27.81 | 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: 11.51x
- 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 | 12.39x | $1.04 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 | 11.51x | $-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: $646,836,800
- Average return on equity (ROE) among peers: 7.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Midland States Bancorp Inc (MSBI) | $565.50 Million | 25.02% | 10.51x | $495.04 Million |
| Ameris Bancorp (ABCB) | $804.48 Million | 9.14% | 8.77x | $4.95 Billion |
| Ameris Bancorp (ABCB) | $76.00 Million | 11.84% | 9.39x | $5.72 Billion |
| ACNB Corporation (ACNB) | $2.50 Billion | 0.74% | 0.02x | $483.21 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $136.89 Million |
| Alerus Financial Corp (ALRS) | $564.93 Million | 3.09% | 8.26x | $674.96 Million |
| Amalgamated Bank (AMAL) | $344.07 Million | 1.78% | 10.75x | $1.14 Billion |
| Amerant Bancorp Inc. (AMTB) | $1.00 Billion | 3.23% | 8.67x | $947.29 Million |
| Arrow Financial Corporation (AROW) | $91.50 Million | 17.28% | 11.58x | $609.42 Million |
| Associated Banc-Corp (ASB) | $812.70 Million | 6.45% | 12.15x | $5.27 Billion |
| AmeriServ Financial Inc (ASRV) | $150.50 Million | 10.50% | 11.53x | $61.92 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 through the Banking and Wealth Management segments. The company offers commercial loans; commercial real estate loans that include a variety of property types, such as owner-occu… Read more