Midland States Bancorp Valuation Multiples

Midland States Bancorp Overview

About Midland States Bancorp

Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment, which generates the majority of the revenue, provides financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products; commercial equipment financing, etc. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Corporate segment includes the holding company's financing and investment activities, administrative expenses.

Founded

1881

HQ

Employees

896

Website

midlandsb.com

Sectors

Commercial Banking

Financials (LTM)

Revenue: $321M

Net Income: ($81M)

EV

$1B

Valuation Multiples

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Midland States Bancorp Financials

Midland States Bancorp reported last 12-month revenue of $321M.

In the same LTM period, Midland States Bancorp generated had net loss of ($81M).

Midland States Bancorp P&L

In the most recent fiscal year, Midland States Bancorp reported revenue of $326M and net income of ($124M).

Midland States Bancorp expects next 12-month revenue of XXX and NTM EBITDA of XXX

Midland States Bancorp Stock Performance

Midland States Bancorp has current market cap of $528M, and enterprise value of $1B.

Midland States Bancorp's stock price is $24.62.

Midland States Bancorp Valuation Multiples

Midland States Bancorp trades at 3.2x EV/Revenue multiple.

Midland States Bancorp Financial Valuation Multiples

As of April 11, 2026, Midland States Bancorp has market cap of $528M and EV of $1B.

Equity research analysts estimate Midland States Bancorp's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Midland States Bancorp has a P/E ratio of (6.5x).

Midland States Bancorp Margins & Growth Rates

Midland States Bancorp's revenue in the last 12 month declined by (4%).

Midland States Bancorp's revenue per employee in the last FY averaged $0.4M, while opex per employee averaged $0.3M for the same period.

Midland States Bancorp Public Comps

See public comps and valuation multiples for other Commercial Banking comps.

Midland States Bancorp M&A Activity

Midland States Bancorp acquired XXX companies to date.

Last acquisition by Midland States Bancorp was on XXXXXXXX, XXXXX. Midland States Bancorp acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Midland States Bancorp Investment Activity

Midland States Bancorp invested in XXX companies to date.

Midland States Bancorp made its latest investment on XXXXXXXX, XXXXX. Midland States Bancorp invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).