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Midland States Bancorp (MSBI) Revenue & Revenue Breakdown

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Midland States Bancorp Revenue Highlights

Latest Revenue (Y)

$66.59M

Latest Revenue (Q)

$19.34M

Main Segment (Y)

Asset Management

Midland States Bancorp Revenue by Period

Midland States Bancorp Revenue by Year

DateRevenueChange
2023-12-31$66.59M-79.34%
2022-12-31$322.30M13.05%
2021-12-31$285.11M4.54%
2020-12-31$272.72M3.73%
2019-12-31$262.91M5.23%
2018-12-31$249.84M33.56%
2017-12-31$187.07M6.68%
2016-12-31$175.35M8.36%
2015-12-31$161.83M100.75%
2014-12-31$80.61M-3.20%
2013-12-31$83.28M7.70%
2010-12-31$77.32M7.47%
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

DateRevenueChange
2024-09-30$19.34M-84.00%
2024-06-30$120.85M-1.64%
2024-03-31$122.86M3.63%
2023-12-31$118.55M551.93%
2023-09-30$18.18M-76.13%
2023-06-30$76.17M0.94%
2023-03-31$75.47M-18.68%
2022-12-31$92.80M16.22%
2022-09-30$79.85M3.95%
2022-06-30$76.82M5.47%
2022-03-31$72.83M-7.68%
2021-12-31$78.90M13.40%
2021-09-30$69.58M1.31%
2021-06-30$68.67M1.05%
2021-03-31$67.96M-5.70%
2020-12-31$72.06M3.40%
2020-09-30$69.70M2.86%
2020-06-30$67.76M7.22%
2020-03-31$63.20M-5.88%
2019-12-31$67.15M-1.83%
2019-09-30$68.40M5.15%
2019-06-30$65.05M4.38%
2019-03-31$62.32M-9.70%
2018-12-31$69.01M9.38%
2018-09-30$63.09M-0.93%
2018-06-30$63.68M17.35%
2018-03-31$54.27M9.39%
2017-12-31$49.61M-3.74%
2017-09-30$51.54M21.16%
2017-06-30$42.54M-1.92%
2017-03-31$43.37M-22.33%
2016-12-31$55.84M33.31%
2016-09-30$41.89M1.03%
2016-06-30$41.46M14.62%
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$42.13M112.37%
2011-03-31$19.84M27.62%
2010-03-31$15.54M-

Midland States Bancorp generated $19.34M in revenue during Q3 2024, up -84.00% compared to the previous quarter, and up 25.39% 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/ServiceDec 23Dec 22Dec 21Dec 20Dec 19
Asset Management$22.21M$21.70M$20.95M$16.95M$16.11M
Service, Other$1.73M$3.04M$3.85M$3.16M-
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
Credit Card, Merchant Discount$1.59M$1.59M$1.51M$1.38M-
Investment Advisory Management And Administrative Service----$2.17M
Credit Card Merchant Discount----$1.51M
Service Other----$3.48M

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/ServiceSep 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 20Dec 19Sep 19Jun 19Mar 19Sep 18Jun 18Mar 18
Other Wealth Management Revenue$451.00K$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
Nonsufficient Fund Fees$2.06M$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
Investment Advisory, Management and Administrative Service$494.00K---------------
Interchange Revenues$3.51M$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
Credit Card, Merchant Discount$357.00K$427.00K$409.00K$398.00K$358.00K$387.00K$448.00K$399.00K--------
Asset Management$6.16M$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
Service, Other$2.00K-$-66.00K$1.40M$630.00K$753.00K$847.00K$671.00K--------
Other Deposit Account$1.35M$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
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
Service Other--------$938.00K$961.00K$908.00K$788.00K$818.00K$278.00K$687.00K$830.00K
Investment Advisory Management And Administrative Service--------$529.00K$555.00K$548.00K$539.00K$529.00K$531.00K$495.00K$465.00K
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 Sep 24: Asset Management (42.83%), Interchange Revenues (24.38%), Nonsufficient Fund Fees (14.31%), Other Deposit Account (9.41%), Investment Advisory, Management and Administrative Service (3.44%), Other Wealth Management Revenue (3.14%), Credit Card, Merchant Discount (2.48%), and Service, Other (0.01%).

Midland States Bancorp Peer Comparison by Revenue

TickerCompanyLast Year RevenueLast Quarter Revenue
FMBHFirst Mid Bancshares$386.95M$44.35M
CNOBConnectOne Bancorp$373.75M$134.98M
MOFGMidWestOne Financial Group$268.02M$94.19M
CIVBCivista Bancshares$219.90M$61.14M
EQBKEquity Bancshares$168.08M$74.97M
MSBIMidland States Bancorp$66.59M$19.34M

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 Q3 2024 was $19.34M, a -84.00% decrease from the previous quarter (Q2 2024), and a 6.35% increase year-over-year (Q3 2023). The company's quarterly revenue for Q2 2024 was $120.85M, a -1.64% decrease from the previous quarter (Q1 2024), and a 58.65% increase year-over-year (Q2 2023). MSBI'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).

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 Asset Management, Service, Other, Other Wealth Management Revenue, Other Deposit Account, Nonsufficient Fund Fees, Investment Performance, Investment Advisory, Management and Administrative Service, Interchange Revenues, and Credit Card, Merchant Discount. Asset Management generated $22.21M in revenue, accounting 40.25% of the company's total revenue, up 2.32% 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. 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. Credit Card, Merchant Discount generated $1.59M in revenue, accounting 2.88% of the company's total revenue, up 0.13% 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.