Midland States Bancorp, Inc. (MSBI) financial statements (2021 and earlier)

Company profile

Business Address 1201 NETWORK CENTRE DRIVE
EFFINGHAM, IL 62401
State of Incorp. IL
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments351400217215191
Cash and cash equivalents342395214215191
Short-term investments963  
Total current assets:351400217215191
Noncurrent Assets
Operating lease, right-of-use asset914
Property, plant and equipment7491957667
Intangible assets, net (including goodwill)19020720211656
Goodwill1621721659949
Intangible assets, net (excluding goodwill)283537177
Total noncurrent assets:274312297192123
Other undisclosed assets6,2445,3755,1244,0062,920
TOTAL ASSETS:6,8696,0875,6384,4133,234
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt6982124156132
Total current liabilities:6982124156132
Noncurrent Liabilities
Liabilities, other than long-term debt 11   
Deferred income tax liabilities 11
Total noncurrent liabilities: 11   
Other undisclosed liabilities6,1785,3324,9053,8072,780
Total liabilities:6,2475,4255,0293,9632,912
Stockholders' equity
Stockholders' equity attributable to parent621662609450322
Preferred stock  33 
Common stock00000
Additional paid in capital453488474330210
Accumulated other comprehensive income (loss)117(2)2(1)
Retained earnings156166134114113
Stockholders' equity attributable to noncontrolling interest    0
Total stockholders' equity:621662609450322
TOTAL LIABILITIES AND EQUITY:6,8696,0875,6384,4133,234

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues245250223178153
Net investment income245250223153121
Financial services revenue2532
Cost of revenue(44)(17)(9)(10)(6)
Provision for loan, lease, and other losses(44)(17)(9)
Financial services costs(10)(6)
Gross profit:201233214168148
Operating expenses(61)(65)(76)(133)(107)
Operating income:1391671383541
Nonoperating expense(9)    
Bank owned life insurance income4    
Mortgage servicing rights (msr) impairment (recovery)(12)    
Interest and debt expense(46)(60)(43)(23)(16)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(53)(35)(44)1526
Income from continuing operations before income taxes:3272512650
Income tax expense(9)(17)(11)(10)(19)
Net income:2356391632
Net income attributable to noncontrolling interest    0
Net income attributable to parent:2356391632
Undistributed earnings (loss) allocated to participating securities, basic (0)(0)(0)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0) 
Net income available to common stockholders, basic:2255391632
Other undisclosed net income (loss) available to common stockholders, diluted 00 (0)
Net income available to common stockholders, diluted:2255391631

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:2356391632
Other comprehensive income (loss)410(4)2(7)
Comprehensive income:2765361825
Comprehensive income, net of tax, attributable to noncontrolling interest    0
Comprehensive income, net of tax, attributable to parent:2765361825

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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