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Midland States Bancorp (MSBI) Revenue & Revenue Breakdown

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Midland States Bancorp Revenue Highlights

Latest Revenue (Y)

$77.74M

Latest Revenue (Q)

$19.34M

Main Segment (Y)

Asset Management

Midland States Bancorp Revenue by Period

Midland States Bancorp Revenue by Year

DateRevenueChange
2024-12-31$77.74M-83.34%
2023-12-31$466.68M23.35%
2022-12-31$378.32M20.78%
2021-12-31$313.23M-0.87%
2020-12-31$315.97M-3.36%
2019-12-31$326.94M10.94%
2018-12-31$294.71M39.99%
2017-12-31$210.52M10.02%
2016-12-31$191.35M9.77%
2015-12-31$174.32M95.52%
2014-12-31$89.15M-3.46%
2013-12-31$92.35M23.26%
2012-12-31$74.92M-20.57%
2011-12-31$94.31M-7.94%
2010-12-31$102.45M10.72%
2009-12-31$92.53M257.60%
2008-12-31$25.87M-

Midland States Bancorp generated $77.74M in revenue during NA 2024, up -83.34% compared to the previous quarter, and up 23.78% compared to the same period a year ago.

Midland States Bancorp Revenue by Quarter

DateRevenueChange
2024-09-30$19.34M-84.00%
2024-06-30$120.85M-1.64%
2024-03-31$122.86M3.63%
2023-12-31$118.55M551.93%
2023-09-30$18.18M-76.13%
2023-06-30$76.17M0.94%
2023-03-31$75.47M-18.68%
2022-12-31$92.80M16.22%
2022-09-30$79.85M3.95%
2022-06-30$76.82M5.47%
2022-03-31$72.83M-7.68%
2021-12-31$78.90M13.40%
2021-09-30$69.58M1.31%
2021-06-30$68.67M1.05%
2021-03-31$67.96M-5.70%
2020-12-31$72.06M3.40%
2020-09-30$69.70M2.86%
2020-06-30$67.76M7.22%
2020-03-31$63.20M-5.88%
2019-12-31$67.15M-1.83%
2019-09-30$68.40M5.15%
2019-06-30$65.05M4.38%
2019-03-31$62.32M-9.70%
2018-12-31$69.01M9.38%
2018-09-30$63.09M-0.93%
2018-06-30$63.68M17.35%
2018-03-31$54.27M9.39%
2017-12-31$49.61M-3.74%
2017-09-30$51.54M21.16%
2017-06-30$42.54M-1.92%
2017-03-31$43.37M-22.33%
2016-12-31$55.84M33.31%
2016-09-30$41.89M1.03%
2016-06-30$41.46M14.62%
2016-03-31$36.17M-7.34%
2015-12-31$39.04M-0.19%
2015-09-30$39.11M-5.86%
2015-06-30$41.55M-1.39%
2015-03-31$42.13M112.37%
2011-03-31$19.84M27.62%
2010-03-31$15.54M-

Midland States Bancorp generated $19.34M in revenue during Q3 2024, up -84.00% compared to the previous quarter, and up 25.39% compared to the same period a year ago.

Midland States Bancorp Revenue Breakdown

Midland States Bancorp Revenue Breakdown by Product

Annual Revenue by Product

Product/ServiceDec 24Dec 23Dec 22Dec 21Dec 20
Service, Other$938.00K$1.73M$3.04M$3.85M$3.16M
Other Wealth Management Revenue$1.72M$1.64M$1.94M$2.52M$2.38M
Other Deposit Account$5.30M$4.67M$3.08M$3.01M$3.01M
Investment Advisory, Management and Administrative Service$1.97M$6.00K-$1.28M$2.01M
Asset Management$25.00M$22.21M$21.70M$20.95M$16.95M
Credit Card, Merchant Discount$1.39M$1.59M$1.59M$1.51M$1.38M
Interchange Revenues$13.96M$14.30M$13.88M$14.50M$12.27M
Nonsufficient Fund Fees$7.85M$7.33M$6.40M$5.34M$5.59M
Investment Performance-$1.72M$2.07M$2.05M$1.47M

Midland States Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 24: Asset Management (43.01%), Interchange Revenues (24.00%), Nonsufficient Fund Fees (13.50%), Other Deposit Account (9.13%), Investment Advisory, Management and Administrative Service (3.39%), Other Wealth Management Revenue (2.96%), Credit Card, Merchant Discount (2.39%), and Service, Other (1.61%).

Quarterly Revenue by Product

Product/ServiceDec 24Sep 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18
Credit Card, Merchant Discount$333.00K$357.00K$427.00K$409.00K$398.00K$358.00K$387.00K$448.00K$399.00K--------
Asset Management$6.72M$6.16M$5.75M$5.47M$5.36M$5.64M$5.34M$5.24M$5.14M$4.21M$4.02M$4.40M$4.08M$3.62M$4.33M$4.32M$3.12M
Service, Other$325.00K$2.00K-$-66.00K$1.40M$630.00K$753.00K$847.00K$671.00K--------
Other Wealth Management Revenue$381.00K$451.00K$413.00K$398.00K$483.00K$344.00K$440.00K$476.00K$461.00K$544.00K$447.00K$696.00K$651.00K$588.00K$339.00K$213.00K$231.00K
Other Deposit Account$1.37M$1.35M$1.66M$1.20M$936.00K$870.00K$738.00K$822.00K$780.00K$790.00K$790.00K$912.00K$838.00K$766.00K$706.00K$702.00K$517.00K
Nonsufficient Fund Fees$2.13M$2.06M$1.94M$1.95M$1.74M$1.70M$1.77M$1.77M$1.52M$1.87M$2.07M$2.10M$1.80M$1.75M$2.10M$1.99M$1.45M
Investment Advisory, Management and Administrative Service$554.00K$494.00K---------------
Interchange Revenues$3.53M$3.51M$3.58M$3.61M$3.70M$3.41M$3.48M$3.53M$3.59M$2.83M$3.05M$3.25M$3.01M$2.68M$2.76M$2.93M$2.09M
Investment Performance--$439.00K$420.00K$430.00K$431.00K$445.00K$482.00K$543.00K$395.00K$357.00K$357.00K$232.00K$219.00K$270.00K$387.00K$367.00K
Service Other---------$938.00K$961.00K$908.00K$788.00K$818.00K$278.00K$687.00K$830.00K
Investment Advisory Management And Administrative Service---------$529.00K$555.00K$548.00K$539.00K$529.00K$531.00K$495.00K$465.00K
Credit Card Merchant Discount---------$351.00K$375.00K$367.00K$389.00K$375.00K$448.00K$460.00K$293.00K

Midland States Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Dec 24: Asset Management (43.81%), Interchange Revenues (22.98%), Nonsufficient Fund Fees (13.89%), Other Deposit Account (8.94%), Investment Advisory, Management and Administrative Service (3.61%), Other Wealth Management Revenue (2.48%), Credit Card, Merchant Discount (2.17%), and Service, Other (2.12%).

Midland States Bancorp Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
CNOBConnectOne Bancorp$517.89M$129.24M
EQBKEquity Bancshares$296.84M$84.91M
MOFGMidWestOne Financial Group$294.27M$74.74M
MSBIMidland States Bancorp$77.74M$19.34M
FMBHFirst Mid Bancshares-$87.56M
CIVBCivista Bancshares-$61.59M

MSBI Revenue FAQ

What is Midland States Bancorp’s yearly revenue?

Midland States Bancorp's yearly revenue for 2024 was $77.74M, representing a decrease of -83.34% compared to 2023. The company's yearly revenue for 2023 was $466.68M, representing an increase of 23.35% compared to 2022. MSBI's yearly revenue for 2022 was $378.32M, representing an increase of 20.78% compared to 2021.

What is Midland States Bancorp’s quarterly revenue?

Midland States Bancorp's quarterly revenue for Q3 2024 was $19.34M, a -84.00% decrease from the previous quarter (Q2 2024), and a 6.35% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $120.85M, a -1.64% decrease from the previous quarter (Q1 2024), and a 58.65% increase year-over-year (Q2 2023). MSBI's quarterly revenue for Q1 2024 was $122.86M, a 3.63% increase from the previous quarter (Q4 2023), and a 62.81% increase year-over-year (Q1 2023).

What is Midland States Bancorp’s revenue growth rate?

Midland States Bancorp's revenue growth rate for the last 3 years (2022-2024) was -79.45%, and for the last 5 years (2020-2024) was -75.40%.

What are Midland States Bancorp’s revenue streams?

Midland States Bancorp's revenue streams in c 24 are Service, Other, Other Wealth Management Revenue, Other Deposit Account, Investment Advisory, Management and Administrative Service, Asset Management, Credit Card, Merchant Discount, Interchange Revenues, and Nonsufficient Fund Fees. Service, Other generated $938K in revenue, accounting 1.61% of the company's total revenue, down -45.65% year-over-year. Other Wealth Management Revenue generated $1.72M in revenue, accounting 2.96% of the company's total revenue, up 5.13% year-over-year. Other Deposit Account generated $5.3M in revenue, accounting 9.13% of the company's total revenue, up 13.72% year-over-year. Investment Advisory, Management and Administrative Service generated $1.97M in revenue, accounting 3.39% of the company's total revenue, up 32750.00% year-over-year. Asset Management generated $25M in revenue, accounting 43.01% of the company's total revenue, up 12.59% year-over-year. Credit Card, Merchant Discount generated $1.39M in revenue, accounting 2.39% of the company's total revenue, down -12.63% year-over-year. Interchange Revenues generated $13.96M in revenue, accounting 24.00% of the company's total revenue, down -2.43% year-over-year. Nonsufficient Fund Fees generated $7.85M in revenue, accounting 13.50% of the company's total revenue, up 7.15% year-over-year.

What is Midland States Bancorp’s main source of revenue?

For the fiscal year ending Dec 24, the largest source of revenue of Midland States Bancorp was Asset Management. This segment made a revenue of $25M, representing 43.01% of the company's total revenue.