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Midland States Bancorp cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$37.9M in Q3 2026 · $75.6M over twelve months

Operating cash flow$38.4M
Capital spending−$513K
Free cash flow+$37.9M
Cash / net income1.7×

Analysis

In Q3 2026, Midland States Bancorp generated $38.4M of operating cash flow and spent $513K on capital projects, leaving free cash flow of $37.9M. That is $40.8M less than in Q3 2025 ($78.6M).

Over the twelve months to Sep 30, 2026, operating cash flow was $77.7M; the largest uses were other investing ($85.0M), dividends ($27.8M), buybacks ($20.3M); besides operations, cash came from net borrowing (+) / repaid (−) ($4.7M), shares issued ($2.3M); the cash balance fell by $66.5M.

Operating cash flow was $38.4M against net income of $22.8M — 1.7× profit, cash ran ahead of reported earnings. The largest differences: prepaid and other assets +$16.2M, depreciation & amortization +$1.9M, other liabilities −$966K.

Free cash flow

Midland States Bancorp: free cash flow by quarterMidland States Bancorp: free cash flow by quarter$52.8MQ4 2024$22.9MQ1 2025$26.7MQ2 2025$78.6MQ3 2025−$7.8MQ4 2025$16.3MQ1 2026$29.2MQ2 2026$37.9MQ3 2026
Operating cash flow less capital spending.
Midland States Bancorp: operating cash flow against capital spendingMidland States Bancorp: operating cash flow against capital spendingOperating cash flowCapital spending$55.5M$2.7MQ4 2024$24.7M$1.8MQ1 2025$28.1M$1.4MQ2 2025$80.0M$1.4MQ3 2025−$7.1M$740KQ4 2025$17.0M$619KQ1 2026$29.5M$276KQ2 2026$38.4M$513KQ3 2026
Latest (Q3 2026): Operating cash flow $38.4M, Capital spending $513K.

Capital allocation, year by year

Midland States Bancorp: where the cash came from (up) and went (down), by fiscal yearMidland States Bancorp: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingAcquisitionsBuybacksDividendsFY2021: Operating cash flow $334MFY2021: Net borrowing $7.8MFY2021: Shares issued $2.2MFY2021: Asset sales $647KFY2021: Capital spending −$2.7MFY2021: Acquisitions −$2.7MFY2021: Buybacks −$11.7MFY2021: Dividends −$25.2M$345MFY2021FY2022: Operating cash flow $286MFY2022: Net borrowing −$34.5MFY2022: Shares issued $113MFY2022: Asset sales $175KFY2022: Capital spending −$3.5MFY2022: Acquisitions $60.3MFY2022: Buybacks −$1.1MFY2022: Dividends −$25.9M$459MFY2022FY2023: Operating cash flow $153MFY2023: Net borrowing −$7.4MFY2023: Shares issued $783KFY2023: Asset sales $104KFY2023: Capital spending −$8.7MFY2023: Buybacks −$17.9MFY2023: Dividends −$26.6M$154MFY2023FY2024: Operating cash flow $177MFY2024: Net borrowing $52.6MFY2024: Shares issued $692KFY2024: Asset sales $37KFY2024: Capital spending −$6.9MFY2024: Buybacks −$5.5MFY2024: Dividends −$27.1M$230MFY2024FY2025: Operating cash flow $126MFY2025: Net borrowing −$27.3MFY2025: Capital spending −$5.3MFY2025: Buybacks −$9.7MFY2025: Dividends −$27.7M$126MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were dividends ($132M) and net borrowing ($69.3M). Cash-flow statements as filed.

Where the cash came from and went

Midland States Bancorp: sources (+) and uses (−) of cash, Q3 2026Midland States Bancorp: sources (+) and uses (−) of cash, Q3 2026Other investing−$378MCash drawn (+) / kept (−)$199MNet borrowing (+) / repaid (−)$144MOperating cash flow$38.4MDividends−$7.0MOther financing$2.9MShares issued$1.6MCapital spending−$513KAsset & business sales$26KBuybacks$11K
Midland States Bancorp: sources (+) and uses (−) of cash, TTM to Q3 2026Midland States Bancorp: sources (+) and uses (−) of cash, TTM to Q3 2026Other investing−$85.0MOperating cash flow$77.7MCash drawn (+) / kept (−)$66.5MDividends−$27.8MBuybacks−$20.3MOther financing−$16.3MNet borrowing (+) / repaid (−)$4.7MShares issued$2.3MCapital spending−$2.1MAsset & business sales$221K

From profit to cash

Midland States Bancorp: net income to operating cash flow, Q3 2026Midland States Bancorp: net income to operating cash flow, Q3 2026Net income$22.8MDepreciation & amortization$1.9MPrepaid and other assets$16.2MOther liabilities−$966KOperating cash flow$38.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$38.4M−$513K$11K−$7.0M$144M$1.6M$199M$37.9M
Q2 2026$29.5M−$276K−$2.7M−$6.8M−$146M$385K−$185M$29.2M
Q1 2026$17.0M−$619K−$7.9M−$6.9M$93.2M$343K$14.2M$16.3M
Q4 2025−$7.1M−$740K−$9.7M−$7.1M−$86.6M$6K$38.3M−$7.8M
Q3 2025$80.0M−$1.4M—−$7.0M$138M$312K$10.4M$78.6M
Q2 2025$28.1M−$1.4M—−$6.8M−$31.6M$156K−$74.6M$26.7M
Q1 2025$24.7M−$1.8M—−$6.8M−$47.3M$169K$12.8M$22.9M
Q4 2024$55.5M−$2.7M$29K−$6.8M$73.7M−$189K$7.1M$52.8M

Midland States Bancorp: income statement and cash flow

Midland States Bancorp, Q3 2026: revenue $86.0M (+6% year over year), operating margin 34.2%. The chart follows the revenue to costs, profit and cash.

Midland States Bancorp: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.