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
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments690351400217215191
Cash and cash equivalents680342395214215191
Short-term investments10963  
Total current assets:690351400217215191
Noncurrent Assets
Operating lease, right-of-use asset8914
Property, plant and equipment717491957667
Intangible assets, net (including goodwill)18619020720211656
Goodwill1621621721659949
Intangible assets, net (excluding goodwill)24283537177
Total noncurrent assets:265274312297192123
Other undisclosed assets6,4886,2445,3755,1244,0062,920
TOTAL ASSETS:7,4446,8696,0875,6384,4133,234
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt776982124156132
Total current liabilities:776982124156132
Noncurrent Liabilities
Liabilities, other than long-term debt  11   
Deferred income tax liabilities  11
Total noncurrent liabilities:  11   
Other undisclosed liabilities6,7036,1785,3324,9053,8072,780
Total liabilities:6,7806,2475,4255,0293,9632,912
Stockholders' equity
Stockholders' equity attributable to parent664621662609450322
Preferred stock   33 
Common stock000000
Additional paid in capital446453488474330210
Accumulated other comprehensive income (loss)5117(2)2(1)
Retained earnings212156166134114113
Stockholders' equity attributable to noncontrolling interest     0
Total stockholders' equity:664621662609450322
TOTAL LIABILITIES AND EQUITY:7,4446,8696,0875,6384,4133,234

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues238245250223178153
Net investment income238245250223153121
Financial services revenue2532
Cost of revenue(3)(44)(17)(9)(10)(6)
Provision for loan, lease, and other losses(3)(44)(17)(9)
Financial services costs(10)(6)
Gross profit:234201233214168148
Operating expenses(63)(61)(65)(76)(133)(107)
Operating income:1721391671383541
Nonoperating expense(3)(9)    
Bank owned life insurance income44    
Mortgage servicing rights (msr) impairment (recovery)(8)(12)    
Interest and debt expense(30)(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 equity method investments, income taxes:1393272512650
Other undisclosed loss from continuing operations before income taxes(40)     
Income from continuing operations before income taxes:993272512650
Income tax expense(18)(9)(17)(11)(10)(19)
Net income:812356391632
Net income attributable to noncontrolling interest     0
Net income attributable to parent:812356391632
Undistributed earnings (loss) allocated to participating securities, basic(1) (0)(0)(0)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(0) 
Net income available to common stockholders, basic:802255391632
Other undisclosed net income (loss) available to common stockholders, diluted0 00 (0)
Net income available to common stockholders, diluted:802255391631

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:812356391632
Other comprehensive income (loss)(6)410(4)2(7)
Comprehensive income:752765361825
Comprehensive income, net of tax, attributable to noncontrolling interest     0
Comprehensive income, net of tax, attributable to parent:752765361825

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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