What is the 13F Pro Quality Score for MSBI?

13F Pro ranks Midland States Bancorp, Inc. (MSBI) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View MSBI's current score at https://13fpro.ai/company/MSBI (free sign-up required for the full ranking).

Where does 13F Pro source MSBI data?

All Midland States Bancorp, Inc. fundamentals and ownership data come directly from SEC EDGAR. Midland States Bancorp, Inc. files with the SEC under CIK 1466026. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is MSBI in?

Midland States Bancorp, Inc. (MSBI) is classified in the Financials sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/financials.

How often is MSBI research updated on 13F Pro?

MSBI's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

Midland States Bancorp, Inc.(MSBI)Stock Analysis

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13F Pro Quality Score

41.1/100

Rank #2,077 of 2,962 stocks

View Financials peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

12.4/100

Profitability

76.9/100

Balance Sheet

38.4/100

Earnings Quality

86.3/100

Free Cash Flow

88.2/100

Institutional Flow

56.0/100

Revenue Scale

30.9/100

Dilution Risk

94.7/100

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Why MSBI Scores 41/100

exact factor attribution · 2026-09-11

MSBI's composite is driven by free cash flow and profitability, held back by revenue growth and scale. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Free cash flow

+5.7 pts

88th pct

Profitability

+5.4 pts

77th pct

Earnings quality

+3.6 pts

86th pct

Shareholder dilution

+3.0 pts

95th pct

Institutional flow

+0.4 pts

56th pct

Capital efficiency

-1.6 pts

38th pct

Earnings growth

-2.3 pts

16th pct

Scale

-3.8 pts

31th pct

Revenue growth

-10.0 pts

12th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

MSBI Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for Midland States Bancorp, Inc. (MSBI), a Financials sector company. 13F Pro's AI-powered ranking engine scores MSBI at 41.1/100 on a 32-signal composite quality model, placing it at rank #2,077 of 2,962 stocks — the bottom half of the AI-ranked universe. MSBI scores in the top quartile across free cash flow (88.2), earnings quality (86.3), profitability (76.9). Areas of concern include revenue growth (12.4) and revenue scale (30.9), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), Midland States Bancorp, Inc. reports quarterly revenue of $83.4M, net income of $19.9M, an operating margin of 30.9%. Top institutional holders of MSBI by reported 13-F value include BlackRock, DIMENSIONAL FUND ADVISORS, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. MSBI trades on the Nasdaq exchange and files with the SEC under CIK 1466026. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate MSBI daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for Midland States Bancorp, Inc. directly from SEC EDGAR. Midland States Bancorp, Inc.'s 13F Pro composite quality score has ranged between 33 and 42 since 2026, currently 41.1 — an improving long-term trajectory across 8 quarterly and live scoring snapshots.

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Fun facts about Midland States Bancorp, Inc.

Quirks, history, and lore behind MSBI — the kind of stuff that makes a stock memorable.

1
The Basics
A U.S. community bank holding company · small-cap · listed on Nasdaq · headquartered in central Illinois.
2
The Numbers
Total assets in the range of $7–8 billion — not a megabank, but well above a typical local savings and loan — with a footprint spanning Illinois and Indiana.
3
The History
Traces its roots back over 100 years in Illinois banking, growing steadily through acquisitions into a multi-state regional institution while staying rooted in its small-town founding community.
4
The Secret
Beyond bread-and-butter lending, it has built out a meaningful wealth management and insurance services arm — not bad for a bank whose hometown has more grain elevators than skyscrapers.
5
The Lore
Effingham, Illinois — population roughly 12,000 — is home to a giant cross on the highway and, apparently, a publicly traded bank holding company that punches well above its zip code.
6
The Giveaway
Its ticker spells out a word that sounds like it belongs in a Scrabble dictionary — MSBI — and its full name proudly plants a flag in Midland States, the heartland of American banking.

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Revenue

Q2 2026

$83.4M

Net Income

Q2 2026

$19.9M

Free Cash Flow

Q2 2026

$29.2M

Operating Margin

Q2 2026

30.9%

ROIC

Q2 2026

17.9%

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

$325.0MFY 2025

FY22 $406.6MFY23 $363.6MFY24 —FY25 $325.0M

Net Income

-426.7% YoY

$-124.3MFY 2025

FY22 $100.2MFY23 $61.2MFY24 $38.0MFY25 $-124.3M

EPS (Diluted)

-563.6% YoY

$-6.12FY 2025

FY22 $4.28FY23 $2.33FY24 $1.32FY25 $-6.12

Total Assets

-13.2% YoY

$6.51BFY 2025

FY22 $7.86BFY23 $7.87BFY24 $7.51BFY25 $6.51B

Total Debt

-31.2% YoY

$60.2MFY 2025

FY22 $42.3MFY23 $34.9MFY24 $87.5MFY25 $60.2M

Op. Cash Flow

-28.8% YoY

$125.7MFY 2025

FY22 $285.8MFY23 $153.4MFY24 $176.5MFY25 $125.7M

Free Cash Flow

-29.1% YoY

$120.3MFY 2025

FY22 $282.3MFY23 $144.6MFY24 $169.6MFY25 $120.3M

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$325.0M	—	$363.6M -10.6%	$406.6M +46.5%	$277.6M	—
Net Income	$-124.3M -426.7%	$38.0M -37.8%	$61.2M -39.0%	$100.2M +23.3%	$81.3M +260.8%	$22.5M
EPS (Diluted)	$-6.12 -563.6%	$1.32 -43.3%	$2.33 -45.6%	$4.28 +19.9%	$3.57 +275.8%	$0.95
Total Assets	$6.51B -13.2%	$7.51B -4.6%	$7.87B +0.1%	$7.86B +5.5%	$7.44B +8.4%	$6.87B
Total Debt	$60.2M -31.2%	$87.5M +151.0%	$34.9M -17.6%	$42.3M -44.9%	$76.8M +11.4%	$69.0M
Operating Cash Flow	$125.7M -28.8%	$176.5M +15.1%	$153.4M -46.3%	$285.8M -14.5%	$334.4M -33.0%	$499.1M
Free Cash Flow	$120.3M -29.1%	$169.6M +17.3%	$144.6M -48.8%	$282.3M -14.9%	$331.7M -33.2%	$496.6M

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Available Research

13F Pro tracks comprehensive data for Midland States Bancorp, Inc. including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of MSBI

BlackRock, Inc.
$90.9M2,920,667 sh
DIMENSIONAL FUND ADVISORS LP
$26.8M859,377 sh
VANGUARD CAPITAL MANAGEMENT LLC
$26.4M847,353 sh
Busey Wealth Management
$23.6M759,286 sh
STATE STREET CORP
$21.6M694,107 sh
AMERICAN CENTURY COMPANIES INC
$17.6M563,718 sh
GEODE CAPITAL MANAGEMENT, LLC
$16.7M537,292 sh
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC
$16.1M517,334 sh
Patriot Financial Partners GP II, L.P.
$13.7M438,500 sh
ACADIAN ASSET MANAGEMENT LLC
$12.7M408,413 sh

Fund	Value	Shares
BlackRock, Inc.	$90.9M	2,920,667
DIMENSIONAL FUND ADVISORS LP	$26.8M	859,377
VANGUARD CAPITAL MANAGEMENT LLC	$26.4M	847,353
Busey Wealth Management	$23.6M	759,286
STATE STREET CORP	$21.6M	694,107
AMERICAN CENTURY COMPANIES INC	$17.6M	563,718
GEODE CAPITAL MANAGEMENT, LLC	$16.7M	537,292
HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC	$16.1M	517,334
Patriot Financial Partners GP II, L.P.	$13.7M	438,500
ACADIAN ASSET MANAGEMENT LLC	$12.7M	408,413

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Is MSBI a good stock to buy?

13F Pro's AI-powered analysis of Midland States Bancorp, Inc. (MSBI) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Financials sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for MSBI are available on the MSBI stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing. MSBI is classified as a small company.

Which hedge funds own MSBI?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling MSBI. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of Midland States Bancorp, Inc.'s investment landscape.