Midland States Bancorp, Inc. (MSBI) financial statements (2022 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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments690672435641351470529
Cash and cash equivalents680663425631342461520
Short-term investments1010109999
Total current assets:690672435641351470529
Noncurrent Assets
Operating lease, right-of-use asset88999914
Property, plant and equipment71717273747589
Intangible assets, net (including goodwill)186188190189190192204
Goodwill162162162162162162173
Intangible assets, net (excluding goodwill)24262827283031
Total noncurrent assets:265268271271274276308
Other undisclosed assets6,4886,1545,9255,9736,2445,9535,808
TOTAL ASSETS:7,4447,0946,6306,8856,8696,7006,644
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt77677672695977
Total current liabilities:77677672695977
Noncurrent Liabilities
Liabilities, other than long-term debt     711
Accounts payable and accrued liabilities     1 
Deferred income tax liabilities     711
Total noncurrent liabilities:     711
Other undisclosed liabilities6,7036,3695,9066,1786,1786,0125,922
Total liabilities:6,7806,4365,9826,2496,2476,0786,011
Stockholders' equity
Stockholders' equity attributable to parent664658648635621622634
Common stock0000000
Additional paid in capital446451455454453458463
Accumulated other comprehensive income511101211911
Retained earnings212196182169156154160
Total stockholders' equity:664658648635621622634
TOTAL LIABILITIES AND EQUITY:7,4447,0946,6306,8856,8696,7006,644

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues55585861636061
Net investment income59585861636061
Cost of revenue2  (4)(42)(11)(12)
Provision for loan, lease, and other losses(0)  (4)(44)(11)(12)
Amortization of mortgage servicing rights (msrs)2   3  
Gross profit:57585857214949
Operating expenses(14)(15)(19)(15)(1)(29)(15)
Operating income:43444042202134
Nonoperating income (expense)2(3)(1)(1)(1)(1)(0)
Bank owned life insurance income    11 
Mortgage servicing rights (msr) impairment (recovery) (3)(1)(1)(2)(1)(0)
Interest and debt expense(6)(7)(8)(9)(9)(10)(12)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes  (11)(8)1(7)(6)
Income from continuing operations before equity method investments, income taxes:4033192411316
Other undisclosed loss from continuing operations before income taxes(40)      
Income from continuing operations before income taxes:033192411316
Income tax expense (benefit)(7)(6)1(6)(2)(3)(3)
Income (loss) before gain (loss) on sale of properties:(7)2820198013
Other undisclosed net income31      
Net income:232820198013
Other undisclosed net loss attributable to parent (8)     
Net income attributable to parent:232020198013
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)(0)  (0)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0)(0)(0)
Net income available to common stockholders, basic:231920188012
Other undisclosed net income available to common stockholders, diluted0      
Net income available to common stockholders, diluted:231920188012

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income:232820198013
Other comprehensive income (loss)(8)(0) 250(1)
Comprehensive income:1527202013111
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2(7)(2)(1)(3)(2)3
Comprehensive income (loss), net of tax, attributable to parent:1720182010(1)15

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: