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Midland States Bancorp vs Equity Bancshares: MSBI and EQBK compared
Midland States Bancorp is the larger company: $86.0M of revenue in its latest quarter (Q3 2026) against $83.7M for Equity Bancshares (Q3 2026). Equity Bancshares is growing faster (+365% against +6% a year earlier). Equity Bancshares is more profitable, with an operating margin of 40.6% against 34.2%.
Where the money goes: MSBI and EQBK
Midland States Bancorp (MSBI) · Q3 2026
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.
Equity Bancshares (EQBK) · Q3 2026
Equity Bancshares, Q3 2026: revenue $83.7M (+365% year over year), operating margin 40.6%, net earnings $26.8M, operating cash flow $17.3M. The chart follows the revenue to costs, profit and cash.
| Midland States Bancorp (MSBI) | Equity Bancshares (EQBK) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $86.0M | $83.7M |
| Revenue growth, Y/Y | +6% | +365% |
| Operating margin | 34.2% | 40.6% |
| Net earnings | $22.8M | $26.8M |
| Net margin | 26.5% | 32.0% |
| Operating cash flow | $38.4M | $17.3M |
| Free cash flow | $37.9M | $9.9M |
Where the revenue comes from
Midland States Bancorp
- Net interest income: $62.7M (73%)
- Noninterest income: $23.2M (27%)
Equity Bancshares
- Net interest income: $72.8M (87%)
- Noninterest income: $10.9M (13%)
Questions
Which is bigger, Midland States Bancorp or Equity Bancshares?
Midland States Bancorp is the larger company: $86.0M of revenue in its latest quarter (Q3 2026) against $83.7M for Equity Bancshares (Q3 2026).
Is Midland States Bancorp or Equity Bancshares growing faster?
Equity Bancshares is growing faster (+365% against +6% a year earlier).
Which is more profitable, Midland States Bancorp or Equity Bancshares?
Equity Bancshares is more profitable, with an operating margin of 40.6% against 34.2%.
More: Midland States Bancorp earnings · how Midland States Bancorp makes money · Equity Bancshares earnings · how Equity Bancshares makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 29, 2026; 10-Q filed Nov 6, 2026). Fiscal quarters can end on different dates. Not investment advice.