Midland States Bancorp, Inc.
Close on Oct 19, 2026
- Market cap
- $670.17M
- P/E (TTM)
- 20.4
- Dividend yield
- 3.96%
About Midland States Bancorp
State Commercial Banks, SIC 6022
The company operates as a financial institution offering commercial, residential, and consumer financing services alongside equipment leasing. Its portfolio includes commercial real estate loans, construction and land development funding, farmland loans, and multifamily housing loans, as well as general commercial loans. For retail customers, the entity extends residential real estate mortgages and personal consumer loans.
Its operations are structured across commercial, residential, consumer, and finance leasing portfolio segments. The provided text consists primarily of financial reporting and XBRL taxonomy tags detailing various financing receivable classifications and collateral types, such as real estate, blanket liens, and equipment. Specific geographic reach, branch office locations, physical facility counts, and headquarters city details are not disclosed in the provided document text.
Summary of the business section of Midland States Bancorp's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Midland States Bancorp, Inc.
- Headquarters
- Effingham, IL
- Address
- 1201 Network Centre Drive 62401
- Phone
- (217) 342-2141
- Employees
- 861, Dec 31, 2025
- Industry
- State Commercial Banks
- Incorporated in
- Illinois
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Oakbrook Terrace, Illinois
Stock & identifiers
- Ticker
- MSBI
- Other tickers
- MSBIP
- Exchange
- Nasdaq
- Shares outstanding
- 21M, Jul 20, 2026
- Public float
- $466.60M, Jun 30, 2025
- Filer category
- Accelerated filer
- SEC CIK
- 1466026
- CUSIP
- 597742105
- ISIN
- US5977421057
- LEI
- 5493006RHXW9TTBWYC94
- EIN
- 37-1233196
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Jeffrey G. Ludwig | President & CEO, Director | 412,540 |
| Kyle Owen Mooney | SVP - Chief Operating Officer | 13,610 |
| Jeremy Andrew Jameson | EVP - Chief Credit Officer | 63,213 |
| Daniel Edward Casey | CROF | 28,471 |
| Claire Ann Stack | EVP - Chief Financial Officer | 7,998 |
| Jeffrey S. Mefford | President | 77,211 |
| Eric Lemke | Chief Financial Officer | 42,119 |
| Donald J. Spring | Chief Accounting Officer | 9,082 |
| Douglas J. Tucker | SVP Corporate Counsel | 43,358 |
| Jeffrey C. Smith | Director | 34,109 |
| Gerald Joseph Carlson | Director | 4,000 |
| Richard T. Ramos | Director | 22,548 |
| Jerry L. McDaniel | Director | 101,646 |
| Jennifer DiMotta | Director | 8,244 |
| Robert F. Schultz | Director | 302,744 |
| Travis Franklin | Director | 9,400 |
| Richard Dean Bingham | Director | 47,554 |
| Jeffrey M. McDonnell | Director | 27,677 |
| James F. Deutsch | Director | 438,500 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Mr.Ludwig | $1.53M | $1.47M | $937.53K | $154 | $145 |
| FY2024 Mr.Ludwig | $1.47M | $1.22M | $718.49K | $165 | $139 |
| FY2023 Mr.Ludwig | $1.63M | $1.73M | $754.92K | $177 | $121 |
| FY2022 Mr.Ludwig | $1.78M | $1.85M | $825.25K | $163 | $121 |
| FY2021 Mr.Ludwig | $1.58M | $1.81M | $805.98K | $145 | $134 |
| FY2020 Mr.Ludwig | $1.03M | $756.60K | $547.08K | $66 | $89 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2025, we had 861 employees, including 22 part-time employees.”
Corporate history
Events identified from SEC filings