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Midland States Bancorp (MSBI) Revenue & Revenue Breakdown

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Midland States Bancorp Revenue Highlights

Latest Revenue (Y)

$467.59M

Latest Revenue (Q)

$118.51M

Main Segment (Y)

Asset Management

Midland States Bancorp Revenue by Period

Midland States Bancorp Revenue by Year

DateRevenueChange
2025-12-31$467.59M-14.37%
2024-12-31$546.05M7.39%
2023-12-31$508.50M16.49%
2022-12-31$436.51M39.36%
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 $467.59M in revenue during NA 2025, up -14.37% compared to the previous quarter, and up 147.99% compared to the same period a year ago.

Midland States Bancorp Revenue by Quarter

DateRevenueChange
2025-09-30$118.51M82.72%
2025-06-30$64.86M-4.19%
2025-03-31$67.70M2.23%
2024-12-31$66.22M-4.43%
2024-09-30$69.29M-16.11%
2024-06-30$82.60M6.34%
2024-03-31$77.67M-53.19%
2023-12-31$165.91M45.20%
2023-09-30$114.26M-3.02%
2023-06-30$117.82M6.63%
2023-03-31$110.50M-7.51%
2022-12-31$119.47M26.76%
2022-09-30$94.25M12.76%
2022-06-30$83.58M7.41%
2022-03-31$77.81M-8.48%
2021-12-31$85.02M10.89%
2021-09-30$76.67M-0.38%
2021-06-30$76.96M0.48%
2021-03-31$76.59M-5.74%
2020-12-31$81.26M0.76%
2020-09-30$80.65M0.75%
2020-06-30$80.05M2.13%
2020-03-31$78.38M-5.46%
2019-12-31$82.90M-2.48%
2019-09-30$85.01M7.54%
2019-06-30$79.05M3.78%
2019-03-31$76.17M-7.18%
2018-12-31$82.07M9.43%
2018-09-30$75.00M1.93%
2018-06-30$73.58M17.76%
2018-03-31$62.48M25.95%
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 $118.51M in revenue during Q3 2025, up 82.72% compared to the previous quarter, and up 143.48% 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 25Dec 24Dec 23Dec 22Dec 21
Other Deposit Account$5.39M$5.30M$4.67M$3.08M$3.01M
Other Wealth Management Revenue$1.77M$1.72M$1.64M$1.94M$2.52M
Service, Other$1.91M$938.00K$1.73M$3.04M$3.85M
Asset Management$26.98M$25.00M$22.21M$21.70M$20.95M
Credit Card, Merchant Discount$1.33M$1.39M$1.59M$1.59M$1.51M
Interchange Revenues$13.50M$13.96M$14.30M$13.88M$14.50M
Investment Advisory, Management and Administrative Service$2.26M$1.97M$6.00K-$1.28M
Nonsufficient Fund Fees$8.43M$7.85M$7.33M$6.40M$5.34M
Investment Performance--$1.72M$2.07M$2.05M

Midland States Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 25: Asset Management (43.82%), Interchange Revenues (21.92%), Nonsufficient Fund Fees (13.70%), Other Deposit Account (8.76%), Investment Advisory, Management and Administrative Service (3.67%), Service, Other (3.10%), Other Wealth Management Revenue (2.88%), and Credit Card, Merchant Discount (2.16%).

Quarterly Revenue by Product

Product/ServiceDec 25Sep 25Jun 25Dec 24Sep 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18
Interchange Revenues$6.59M$3.44M$3.46M$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 Advisory, Management and Administrative Service$1.14M$597.00K$522.00K$554.00K$494.00K---------------
Nonsufficient Fund Fees$4.18M$2.23M$2.02M$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
Credit Card, Merchant Discount$597.00K$376.00K$359.00K$333.00K$357.00K$427.00K$409.00K$398.00K$358.00K$387.00K$448.00K$399.00K--------
Asset Management$13.57M$6.97M$6.43M$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$613.00K$473.00K$823.00K$325.00K$2.00K-$-66.00K$1.40M$630.00K$753.00K$847.00K$671.00K--------
Other Wealth Management Revenue$906.00K$445.00K$422.00K$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$2.70M$1.36M$1.33M$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
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
Credit Card Merchant Discount------------$351.00K$375.00K$367.00K$389.00K$375.00K$448.00K$460.00K$293.00K
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

Midland States Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Dec 25: Asset Management (44.80%), Interchange Revenues (21.75%), Nonsufficient Fund Fees (13.80%), Other Deposit Account (8.90%), Investment Advisory, Management and Administrative Service (3.77%), Other Wealth Management Revenue (2.99%), Service, Other (2.02%), and Credit Card, Merchant Discount (1.97%).

Midland States Bancorp Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
MSBIMidland States Bancorp$467.59M$118.51M
MVBFMVB Financial$270.44M$31.73M
SFSTSouthern First Bancshares$224.62M$58.59M
BWFGBankwell Financial Group$207.72M$53.09M
WTBAWest Ban$198.49M$48.92M
FMAOFarmers & Merchants Bancorp$189.09M$48.26M
PDLBPonce Financial Group$162.64M$48.34M
OBTOrange County Bancorp$127.23M$34.53M
PBFSPioneer Bancorp$88.12M$28.29M
USCBUSCB Financial$63.60M$41.40M

MSBI Revenue FAQ

What is Midland States Bancorp’s yearly revenue?

Midland States Bancorp's yearly revenue for 2025 was $467.59M, representing a decrease of -14.37% compared to 2024. The company's yearly revenue for 2024 was $546.05M, representing an increase of 7.39% compared to 2023. MSBI's yearly revenue for 2023 was $508.5M, representing an increase of 16.49% compared to 2022.

What is Midland States Bancorp’s quarterly revenue?

Midland States Bancorp's quarterly revenue for Q3 2025 was $118.51M, a 82.72% increase from the previous quarter (Q2 2025), and a 71.04% increase year-over-year (Q3 2024). The company's quarterly revenue for Q2 2025 was $64.86M, a -4.19% decrease from the previous quarter (Q1 2025), and a -21.47% decrease year-over-year (Q2 2024). MSBI's quarterly revenue for Q1 2025 was $67.7M, a 2.23% increase from the previous quarter (Q4 2024), and a -12.84% decrease year-over-year (Q1 2024).

What is Midland States Bancorp’s revenue growth rate?

Midland States Bancorp's revenue growth rate for the last 3 years (2023-2025) was -8.04%, and for the last 5 years (2021-2025) was 49.28%.

What are Midland States Bancorp’s revenue streams?

Midland States Bancorp's revenue streams in c 25 are Other Deposit Account, Other Wealth Management Revenue, Service, Other, Asset Management, Credit Card, Merchant Discount, Interchange Revenues, Investment Advisory, Management and Administrative Service, and Nonsufficient Fund Fees. Other Deposit Account generated $5.39M in revenue, accounting 8.76% of the company's total revenue, up 1.66% year-over-year. Other Wealth Management Revenue generated $1.77M in revenue, accounting 2.88% of the company's total revenue, up 2.96% year-over-year. Service, Other generated $1.91M in revenue, accounting 3.10% of the company's total revenue, up 103.52% year-over-year. Asset Management generated $26.98M in revenue, accounting 43.82% of the company's total revenue, up 7.92% year-over-year. Credit Card, Merchant Discount generated $1.33M in revenue, accounting 2.16% of the company's total revenue, down -4.24% year-over-year. Interchange Revenues generated $13.5M in revenue, accounting 21.92% of the company's total revenue, down -3.29% year-over-year. Investment Advisory, Management and Administrative Service generated $2.26M in revenue, accounting 3.67% of the company's total revenue, up 14.76% year-over-year. Nonsufficient Fund Fees generated $8.43M in revenue, accounting 13.70% of the company's total revenue, up 7.45% year-over-year.

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

For the fiscal year ending Dec 25, the largest source of revenue of Midland States Bancorp was Asset Management. This segment made a revenue of $26.98M, representing 43.82% of the company's total revenue.