Filing Flows › Midland States Bancorp (MSBI) › Q3 2026
Midland States Bancorp (MSBI) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 29, 2026
Midland States Bancorp (MSBI) reported revenue of $86.0M for the third quarter 2026 (Q3 2026), +6% from a year earlier and +3% from the quarter before. Operating margin was 34.2%, net earnings $22.8M (26.5% of revenue).
Midland States Bancorp, Q3 2026: revenue $86.0M (+6% year over year), operating margin 34.2%, net earnings $22.8M, operating cash flow $38.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $86.0M | +3% | +6% |
| Operating profit | $29.4M | +14% | +160% |
| Net earnings | $22.8M | +15% | +202% |
| Operating cash flow | $38.4M | +30% | -52% |
| Free cash flow | $37.9M | +30% | -52% |
What changed
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.
Questions
What was Midland States Bancorp's revenue in the third quarter 2026?
Midland States Bancorp (MSBI) reported revenue of $86.0M for the third quarter 2026 (Q3 2026), +6% from a year earlier and +3% from the quarter before.
Was Midland States Bancorp profitable in the third quarter 2026?
Operating profit was $29.4M (34.2% of revenue) and net earnings $22.8M.