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Midland States Bancorp (MSBI) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Midland States Bancorp (MSBI) Q3 2026 earnings results →
Q3 2026 Revenue up 6% year over year to $86.0M · 27¢ of every $1 of revenue kept as net profit · operating margin 34.2%
Midland States Bancorp made $86.0M in Q3 2026 (+6% Y/Y): Net interest income $62.7M, Noninterest income $23.2M. Operating margin 34.2%, net earnings $22.8M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $86.0M in Q3 2026, up 6% year over year and up 3% from the previous quarter. Net interest income was the largest line at 73% of revenue. Noninterest income added $3.2M year over year (up 16%), 67% of the total change.
Operating profit was $29.4M, a 34.2% margin (up 20.2 points year over year). Of the extra revenue versus a year earlier, 374% reached operating profit, above the 14% margin then. Total costs fell 19% while revenue rose 6%. Net earnings were $22.8M, up 202% year over year. The effective tax rate was 22.4%.
Operating cash flow was $38.4M (down 52% year over year), 168% of net earnings. Non-cash charges added back $1.9M of depreciation and amortization. Working capital and other items added $13.7M. Capital expenditures of $513K left free cash flow of $37.9M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $86.0M | +6% | 34.2% | $22.8M | $38.4M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Midland States Bancorp
Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of June 30, 2026, the Company had total assets of approximately $6.70 billion, and its Wealth Management Group had assets under administration of approximately $4.78 billion. The Company provides a full range of commercial and consumer banking products and services, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.
In its own words, from its 8-K, filed Jul 23, 2026.
Midland States Bancorp against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +10%. Operating margin: 34.2% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| MSBI Midland States Bancorp | Q3 2026 | $86.0M | +6% | 34.2% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Midland States Bancorp 10-Q on SEC EDGAR · CIK 1466026 · State Commercial Banks
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Every quarter: Q3 2026 results