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)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments400217215191
Cash and cash equivalents395214215191
Short-term investments63  
Total current assets:400217215191
Noncurrent Assets
Operating lease, right-of-use asset14
Property, plant and equipment91957667
Intangible assets, net (including goodwill)20720211656
Goodwill1721659949
Intangible assets, net (excluding goodwill)3537177
Total noncurrent assets:312297192123
Other undisclosed assets5,3755,1244,0062,920
TOTAL ASSETS:6,0875,6384,4133,234
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt82124156132
Total current liabilities:82124156132
Noncurrent Liabilities
Liabilities, other than long-term debt11   
Deferred income tax liabilities11
Total noncurrent liabilities:11   
Other undisclosed liabilities5,3324,9053,8072,780
Total liabilities:5,4255,0293,9632,912
Stockholders' equity
Stockholders' equity attributable to parent662609450322
Preferred stock 33 
Common stock0000
Additional paid in capital488474330210
Accumulated other comprehensive income (loss)7(2)2(1)
Retained earnings166134114113
Stockholders' equity attributable to noncontrolling interest   0
Total stockholders' equity:662609450322
TOTAL LIABILITIES AND EQUITY:6,0875,6384,4133,234

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

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues250223178153
Net investment income250223153121
Financial services revenue2532
Cost of revenue(17)(9)(10)(6)
Provision for loan, lease, and other losses(17)(9)
Financial services costs(10)(6)
Gross profit:233214168148
Operating expenses(65)(76)(133)(107)
Operating income:1671383541
Interest and debt expense(60)(43)(23)(16)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes(35)(44)1526
Income from continuing operations before income taxes:72512650
Income tax expense(17)(11)(10)(19)
Net income:56391632
Net income attributable to noncontrolling interest   0
Net income attributable to parent:56391632
Undistributed earnings (loss) allocated to participating securities, basic(0)(0)(0)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0) 
Net income available to common stockholders, basic:55391632
Other undisclosed net income (loss) available to common stockholders, diluted00 (0)
Net income available to common stockholders, diluted:55391631

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:56391632
Other comprehensive income (loss)10(4)2(7)
Comprehensive income:65361825
Comprehensive income, net of tax, attributable to noncontrolling interest   0
Comprehensive income, net of tax, attributable to parent:65361825

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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