Midland States Bancorp (MSBI) Revenue & Revenue Breakdown
Midland States Bancorp Revenue Highlights
Latest Revenue (Y)
$66.59M
Latest Revenue (Q)
$120.95M
Main Segment (Y)
Asset Management
Midland States Bancorp Revenue by Period
Midland States Bancorp Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $66.59M | -79.34% |
| 2022-12-31 | $322.30M | 13.05% |
| 2021-12-31 | $285.11M | 4.54% |
| 2020-12-31 | $272.72M | 3.73% |
| 2019-12-31 | $262.91M | 5.23% |
| 2018-12-31 | $249.84M | 33.56% |
| 2017-12-31 | $187.07M | 6.68% |
| 2016-12-31 | $175.35M | 8.36% |
| 2015-12-31 | $161.83M | 100.75% |
| 2014-12-31 | $80.61M | -3.20% |
| 2013-12-31 | $83.28M | 7.70% |
| 2010-12-31 | $77.32M | 7.47% |
| 2009-12-31 | $71.95M | - |
Midland States Bancorp generated $66.59M in revenue during NA 2023, up -79.34% compared to the previous quarter, and up 26.65% compared to the same period a year ago.
Midland States Bancorp Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-06-30 | $120.95M | -1.56% |
| 2024-03-31 | $122.86M | 3.63% |
| 2023-12-31 | $118.55M | 551.93% |
| 2023-09-30 | $18.18M | -76.13% |
| 2023-06-30 | $76.17M | 0.94% |
| 2023-03-31 | $75.47M | -18.68% |
| 2022-12-31 | $92.80M | 16.22% |
| 2022-09-30 | $79.85M | 3.95% |
| 2022-06-30 | $76.82M | 5.47% |
| 2022-03-31 | $72.83M | -7.68% |
| 2021-12-31 | $78.90M | 13.40% |
| 2021-09-30 | $69.58M | 1.31% |
| 2021-06-30 | $68.67M | 1.05% |
| 2021-03-31 | $67.96M | -5.70% |
| 2020-12-31 | $72.06M | 3.40% |
| 2020-09-30 | $69.70M | 2.86% |
| 2020-06-30 | $67.76M | 7.22% |
| 2020-03-31 | $63.20M | -5.88% |
| 2019-12-31 | $67.15M | -1.83% |
| 2019-09-30 | $68.40M | 5.15% |
| 2019-06-30 | $65.05M | 4.38% |
| 2019-03-31 | $62.32M | -9.70% |
| 2018-12-31 | $69.01M | 9.38% |
| 2018-09-30 | $63.09M | -0.93% |
| 2018-06-30 | $63.68M | 17.35% |
| 2018-03-31 | $54.27M | 9.39% |
| 2017-12-31 | $49.61M | -3.74% |
| 2017-09-30 | $51.54M | 21.16% |
| 2017-06-30 | $42.54M | -1.92% |
| 2017-03-31 | $43.37M | -22.33% |
| 2016-12-31 | $55.84M | 33.31% |
| 2016-09-30 | $41.89M | 1.03% |
| 2016-06-30 | $41.46M | 14.62% |
| 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 | $42.13M | 112.37% |
| 2011-03-31 | $19.84M | 27.62% |
| 2010-03-31 | $15.54M | - |
Midland States Bancorp generated $120.95M in revenue during Q2 2024, up -1.56% compared to the previous quarter, and up 160.27% 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/Service | Dec 23 | Dec 22 | Dec 21 | Dec 20 | Dec 19 |
|---|---|---|---|---|---|
| Credit Card, Merchant Discount | $1.59M | $1.59M | $1.51M | $1.38M | - |
| Asset Management | $22.21M | $21.70M | $20.95M | $16.95M | $16.11M |
| Other Wealth Management Revenue | $1.64M | $1.94M | $2.52M | $2.38M | $2.38M |
| Other Deposit Account | $4.67M | $3.08M | $3.01M | $3.01M | $3.31M |
| Nonsufficient Fund Fees | $7.33M | $6.40M | $5.34M | $5.59M | $7.72M |
| Investment Performance | $1.72M | $2.07M | $2.05M | $1.47M | $1.17M |
| Investment Advisory, Management and Administrative Service | $6.00K | - | $1.28M | $2.01M | - |
| Interchange Revenues | $14.30M | $13.88M | $14.50M | $12.27M | $11.99M |
| Service, Other | $1.73M | $3.04M | $3.85M | $3.16M | - |
| Service Other | - | - | - | - | $3.48M |
| Investment Advisory Management And Administrative Service | - | - | - | - | $2.17M |
| Credit Card Merchant Discount | - | - | - | - | $1.51M |
Midland States Bancorp's latest annual revenue breakdown by segment (product or service), as of Dec 23: Asset Management (40.25%), Interchange Revenues (25.92%), Nonsufficient Fund Fees (13.27%), Other Deposit Account (8.45%), Service, Other (3.13%), Investment Performance (3.12%), Other Wealth Management Revenue (2.97%), Credit Card, Merchant Discount (2.88%), and Investment Advisory, Management and Administrative Service (0.01%).
Quarterly Revenue by Product
| Product/Service | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Sep 18 | Jun 18 | Mar 18 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Service, Other | - | $-66.00K | $1.40M | $630.00K | $753.00K | $847.00K | $671.00K | - | - | - | - | - | - | - | - |
| Asset Management | $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 |
| Credit Card, Merchant Discount | $427.00K | $409.00K | $398.00K | $358.00K | $387.00K | $448.00K | $399.00K | - | - | - | - | - | - | - | - |
| Interchange Revenues | $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 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 |
| Nonsufficient Fund Fees | $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 |
| Other Deposit Account | $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 |
| Other Wealth Management Revenue | $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 |
| Investment Advisory, Management and Administrative Service | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investment Advisory Management And Administrative Service | - | - | - | - | - | - | - | $529.00K | $555.00K | $548.00K | $539.00K | $529.00K | $531.00K | $495.00K | $465.00K |
| Service Other | - | - | - | - | - | - | - | $938.00K | $961.00K | $908.00K | $788.00K | $818.00K | $278.00K | $687.00K | $830.00K |
| Credit Card Merchant Discount | - | - | - | - | - | - | - | $351.00K | $375.00K | $367.00K | $389.00K | $375.00K | $448.00K | $460.00K | $293.00K |
Midland States Bancorp's latest quarterly revenue breakdown by segment (product or service), as of Dec 23: Asset Management (40.45%), Interchange Revenues (25.24%), Nonsufficient Fund Fees (13.63%), Other Deposit Account (11.69%), Investment Performance (3.09%), Credit Card, Merchant Discount (3.01%), and Other Wealth Management Revenue (2.91%).
Midland States Bancorp Peer Comparison by Revenue
MSBI Revenue FAQ
What is Midland States Bancorp’s yearly revenue?
Midland States Bancorp's yearly revenue for 2023 was $66.59M, representing a decrease of -79.34% compared to 2022. The company's yearly revenue for 2022 was $322.3M, representing an increase of 13.05% compared to 2021. MSBI's yearly revenue for 2021 was $285.11M, representing an increase of 4.54% compared to 2020.
What is Midland States Bancorp’s quarterly revenue?
Midland States Bancorp's quarterly revenue for Q2 2024 was $120.95M, a -1.56% decrease from the previous quarter (Q1 2024), and a 58.78% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $122.86M, a 3.63% increase from the previous quarter (Q4 2023), and a 62.81% increase year-over-year (Q1 2023). MSBI's quarterly revenue for Q4 2023 was $118.55M, a 551.93% increase from the previous quarter (Q3 2023), and a 27.75% increase year-over-year (Q4 2022).
What is Midland States Bancorp’s revenue growth rate?
Midland States Bancorp's revenue growth rate for the last 3 years (2021-2023) was -76.64%, and for the last 5 years (2019-2023) was -74.67%.
What are Midland States Bancorp’s revenue streams?
Midland States Bancorp's revenue streams in c 23 are Credit Card, Merchant Discount, Asset Management, Other Wealth Management Revenue, Other Deposit Account, Nonsufficient Fund Fees, Investment Performance, Investment Advisory, Management and Administrative Service, Interchange Revenues, and Service, Other. Credit Card, Merchant Discount generated $1.59M in revenue, accounting 2.88% of the company's total revenue, up 0.13% year-over-year. Asset Management generated $22.21M in revenue, accounting 40.25% of the company's total revenue, up 2.32% year-over-year. Other Wealth Management Revenue generated $1.64M in revenue, accounting 2.97% of the company's total revenue, down -15.39% year-over-year. Other Deposit Account generated $4.66M in revenue, accounting 8.45% of the company's total revenue, up 51.66% year-over-year. Nonsufficient Fund Fees generated $7.32M in revenue, accounting 13.27% of the company's total revenue, up 14.38% year-over-year. Investment Performance generated $1.72M in revenue, accounting 3.12% of the company's total revenue, down -16.83% year-over-year. Investment Advisory, Management and Administrative Service generated $6K in revenue, accounting 0.01% of the company's total revenue Interchange Revenues generated $14.3M in revenue, accounting 25.92% of the company's total revenue, up 3.05% year-over-year. Service, Other generated $1.73M in revenue, accounting 3.13% of the company's total revenue, down -43.21% year-over-year.
What is Midland States Bancorp’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of Midland States Bancorp was Asset Management. This segment made a revenue of $22.21M, representing 40.25% of the company's total revenue.