MSBINasdaqState Commercial BanksFiscal year ends December 31Also trades as MSBIP
Midland States Bancorp, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 30, 2026
$31.80−0.42 (-1.30%)
Close on Oct 19, 2026
- Market cap
- $670.17M
- P/E (TTM)
- 20.4
- Dividend yield
- 3.96%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
15M
Shares held, 13F filers
Institutional holders
154
26 new, 9 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
7 buys · 5 sales
Net bought $136.89K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 1,579,386 | 7.30% | 13G (passive) amendment | Jan 31, 2025 |
| BlackRock Portfolio Management LLC | 1,400,429 | 6.50% | 13G (passive) | Mar 31, 2025 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of MSBI | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,920,667 | – | $90.95M | +65,013 | 0.00% |
| Dimensional Fund Advisors LP | 859,377 | – | $26.76M | −31,423 | 0.00% |
| Vanguard Capital Management LLC | 847,353 | – | $26.39M | −54,039 | 0.00% |
| Busey Trust CO | 759,286 | – | $23.64M | – | 0.57% |
| State Street Corp | 694,107 | – | $21.61M | −71,815 | 0.00% |
| American Century Companies Inc | 563,718 | – | $17.55M | −22,444 | 0.01% |
| Geode Capital Management, LLC | 537,292 | – | $16.74M | +3,335 | 0.00% |
| Hotchkis & Wiley Capital Management LLC | 517,334 | – | $16.11M | −23,030 | 0.05% |
| Patriot Financial Partners GP II, L.P. | 438,500 | – | $13.65M | – | 3.49% |
| Acadian Asset Management LLC | 408,413 | – | $12.71K | +152,192 | 0.02% |
| Lsv Asset Management | 379,297 | – | $11.81K | +89,008 | 0.02% |
| Aqr Capital Management LLC | 340,862 | – | $10.61M | −55,401 | 0.00% |
| Vanguard Portfolio Management LLC | 252,190 | – | $7.85M | +22,562 | 0.00% |
| Goldman Sachs Group Inc | 249,175 | – | $7.76M | −11,842 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 247,536 | – | $7.71M | +49,011 | 0.00% |
| ProShare Advisors LLC | 227,539 | – | $7.09M | New | 0.01% |
| Jacobs Levy Equity Management, Inc | 224,107 | – | $6.98M | −18,443 | 0.03% |
| Two Sigma Investments, LP | 206,970 | – | $6.45M | +32,882 | 0.00% |
| Algert Global LLC | 200,545 | – | $6.24M | +63,314 | 0.07% |
| Charles Schwab Investment Management Inc | 174,366 | – | $5.43M | +4,726 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 154 | 15M | 26 / 51 | 47 / 9 | 2M | 1M |
| Q1 2026 | 139 | 14M | 16 / 59 | 40 / 14 | 3M | 1M |
| Q4 2025 | 139 | 14M | 20 / 54 | 52 / 18 | 1M | 2M |
| Q3 2025 | 140 | 14M | 18 / 59 | 43 / 17 | 1M | 1M |
| Q2 2025 | 139 | 14M | 23 / 60 | 42 / 16 | 1M | 1M |
| Q1 2025 | 133 | 14M | 15 / 49 | 45 / 23 | 1M | 1M |
| Q4 2024 | 143 | 13M | 22 / 51 | 46 / 12 | 1M | 1M |
| Q3 2024 | 133 | 13M | 27 / 51 | 26 / 12 | 5M | 2M |
| Q2 2024 | 119 | 14M | 21 / 39 | 34 / 16 | 1M | 1M |
| Q1 2024 | 116 | 14M | 16 / 40 | 38 / 13 | 2M | 1M |
| Q4 2023 | 114 | 13M | 16 / 36 | 39 / 10 | 1M | 0M |
| Q3 2023 | 109 | 13M | 7 / 36 | 37 / 8 | 0M | 0M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of MSBI | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 589,029 | – | $18.34M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 510,284 | – | $15.89M | 0.02% | Jun 30, 2026 |
| Avantis U.S. Small Cap Value ETF | 454,643 | – | $12.64M | 0.05% | May 31, 2026 |
| BlackRock Advantage Small Cap Core Fund | 334,887 | – | $9.31M | 0.18% | May 29, 2026 |
| U.S. Small Cap Value Portfolio | 252,226 | – | $8.49M | 0.04% | Jul 31, 2026 |
| Vanguard Extended Market Index Fund | 238,601 | – | $7.43M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 216,090 | – | $7.28M | 0.02% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 186,326 | – | $5.80M | 0.04% | Jun 30, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 171,988 | – | $5.36M | 0.11% | Jun 30, 2026 |
| Hotchkis and Wiley Small Cap Diversified Value Fund | 136,900 | – | $4.26M | 0.47% | Jun 30, 2026 |
| Fidelity Extended Market Index Fund | 111,192 | – | $3.09M | 0.01% | May 31, 2026 |
| Vanguard Russell 2000 Index Fund | 104,435 | – | $2.90M | 0.02% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 103,233 | – | $2.87M | 0.01% | May 31, 2026 |
| U.S. Small Cap Portfolio | 95,645 | – | $3.22M | 0.02% | Jul 31, 2026 |
| EA Bridgeway Omni Small-Cap Value ETF | 92,919 | – | $2.89M | 0.12% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Jeffrey G. Ludwig | President & CEO, Director | 412,540 | Jul 29, 2026 |
| Kyle Owen Mooney | SVP - Chief Operating Officer | 13,610 | Sep 9, 2026 |
| Jeremy Andrew Jameson | EVP - Chief Credit Officer | 63,213 | Jul 2, 2026 |
| Daniel Edward Casey | CROF | 28,471 | Jul 2, 2026 |
| Claire Ann Stack | EVP - Chief Financial Officer | 7,998 | May 12, 2026 |
| Jeffrey S. Mefford | President | 77,211 | Nov 10, 2025 |
| Eric Lemke | Chief Financial Officer | 42,119 | Nov 10, 2025 |
| Donald J. Spring | Chief Accounting Officer | 9,082 | Nov 10, 2025 |
| Douglas J. Tucker | SVP Corporate Counsel | 43,358 | Nov 7, 2024 |
| Jeffrey C. Smith | Director | 34,109 | Jul 1, 2026 |
| Gerald Joseph Carlson | Director | 4,000 | Jul 1, 2026 |
| Richard T. Ramos | Director | 22,548 | Jul 1, 2026 |
| Jerry L. McDaniel | Director | 101,646 | Jul 1, 2026 |
| Jennifer DiMotta | Director | 8,244 | Jul 1, 2026 |
| Robert F. Schultz | Director | 302,744 | Jul 1, 2026 |
| Travis Franklin | Director | 9,400 | Jul 1, 2026 |
| Richard Dean Bingham | Director | 47,554 | Jul 1, 2026 |
| Jeffrey M. McDonnell | Director | 27,677 | Jul 1, 2026 |
| James F. Deutsch | Director | 438,500 | Feb 12, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Kyle Owen Mooney SVP - Chief Operating Officer | Sep 8, 2026 | Sale | −2,400 | $33.33 | $79.99K | 13,610 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Sep 8, 2026 | Option exercise | +2,400 | $28.43 | $68.23K | 16,010 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Aug 18, 2026 | Sale | −489 | $33.16 | $16.22K | 13,610 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Aug 11, 2026 | Option exercise | +1,198 | $28.59 | $34.25K | 15,297 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Aug 11, 2026 | Sale | −1,198 | $33.51 | $40.14K | 14,099 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Aug 5, 2026 | Tax withholding | −50 | $34.24 | $1.71K | 14,099 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Aug 4, 2026 | Tax withholding | −58 | $34.53 | $2.00K | 14,149 |
| Jeffrey G. Ludwig President & CEO, Director | Jul 28, 2026 | Sale | −8,383 | $34.00 | $285.02K | 400,971 |
| Jeffrey G. Ludwig President & CEO, Director | Jul 28, 2026 | Option exercise | +8,383 | $28.59 | $239.67K | 409,354 |
| Daniel Edward Casey CROF | Jun 30, 2026 | Award | +421 | $20.56 | $8.66K | 28,471 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Jun 30, 2026 | Award | +1 | $20.56 | $21 | 63,213 |
| Jerry L. McDaniel Director | Jun 30, 2026 | Award | +1,445 | $31.14 | $45.00K | 9,703 |
| Richard T. Ramos Director | Jun 30, 2026 | Award | +1,445 | $31.14 | $45.00K | 21,548 |
| Jeffrey M. McDonnell Director | Jun 30, 2026 | Award | +1,445 | $31.14 | $45.00K | 3,432 |
| Jennifer DiMotta Director | Jun 30, 2026 | Award | +1,445 | $31.14 | $45.00K | 8,244 |
| Claire Ann Stack EVP - Chief Financial Officer | May 12, 2026 | Award | +6,357 | $27.53 | $175.01K | 7,998 |
| Travis Franklin Director | May 5, 2026 | Buy | +9,400 | $26.49 | $249.01K | 9,400 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | May 5, 2026 | Tax withholding | −1,982 | $27.08 | $53.67K | 63,212 |
| Daniel Edward Casey CROF | May 1, 2026 | Tax withholding | −204 | $26.39 | $5.38K | 28,050 |
| Jeffrey G. Ludwig President & CEO, Director | Mar 31, 2026 | Award | +1,312 | $19.05 | $24.99K | 400,971 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Mar 31, 2026 | Award | +1,311 | $19.05 | $24.97K | 65,194 |
| Jeffrey G. Ludwig President & CEO, Director | Mar 31, 2026 | Award | +909 | $19.05 | $17.32K | 400,568 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Mar 31, 2026 | Award | +751 | $19.05 | $14.31K | 64,634 |
| Kyle Owen Mooney SVP - Chief Operating Officer | Jan 28, 2026 | Sale | −2,808 | $22.67 | $63.66K | 14,207 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Dec 31, 2025 | Award | +471 | $15.13 | $7.13K | 63,883 |
| Daniel Edward Casey CROF | Dec 3, 2025 | Buy | +3,000 | $17.64 | $52.92K | 28,254 |
| Daniel Edward Casey CROF | Dec 3, 2025 | Buy | +2,000 | $18.26 | $36.52K | 25,254 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Dec 3, 2025 | Buy | +5,598 | $17.69 | $99.03K | 63,412 |
| Jeffrey C. Smith Director | Dec 3, 2025 | Buy | +500 | $17.69 | $8.85K | 34,109 |
| Richard Dean Bingham Director | Dec 3, 2025 | Buy | +5,000 | $17.56 | $87.80K | 27,700 |
| Richard Dean Bingham Director | Dec 3, 2025 | Buy | +5,000 | $17.56 | $87.80K | 27,700 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Nov 7, 2025 | Tax withholding | −170 | $16.01 | $2.72K | 57,814 |
| Donald J. Spring Chief Accounting Officer | Nov 7, 2025 | Tax withholding | −140 | $16.01 | $2.24K | 9,082 |
| Eric Lemke Chief Financial Officer | Nov 7, 2025 | Tax withholding | −573 | $16.01 | $9.17K | 42,119 |
| Daniel Edward Casey CROF | Nov 7, 2025 | Tax withholding | −395 | $16.01 | $6.32K | 23,254 |
| Jeffrey S. Mefford President | Nov 7, 2025 | Tax withholding | −894 | $16.01 | $14.31K | 77,211 |
| Donald J. Spring Chief Accounting Officer | Nov 6, 2025 | Tax withholding | −164 | $15.97 | $2.62K | 9,222 |
| Eric Lemke Chief Financial Officer | Nov 6, 2025 | Tax withholding | −641 | $15.97 | $10.24K | 42,692 |
| Daniel Edward Casey CROF | Nov 6, 2025 | Tax withholding | −463 | $15.97 | $7.39K | 23,649 |
| Jeffrey S. Mefford President | Nov 6, 2025 | Tax withholding | −954 | $15.97 | $15.24K | 78,105 |
| Jeremy Andrew Jameson EVP - Chief Credit Officer | Nov 3, 2025 | Award | +23,310 | $14.64 | $341.26K | 57,984 |
| Donald J. Spring Chief Accounting Officer | Nov 3, 2025 | Award | +4,000 | $14.64 | $58.56K | 9,386 |
| Daniel Edward Casey CROF | Nov 3, 2025 | Award | +10,760 | $14.64 | $157.53K | 24,112 |
| Jeffrey G. Ludwig President & CEO, Director | Nov 3, 2025 | Award | +38,410 | $14.64 | $562.32K | 399,659 |
| Jeffrey S. Mefford President | Nov 3, 2025 | Award | +23,310 | $14.64 | $341.26K | 79,059 |
| Eric Lemke Chief Financial Officer | Nov 3, 2025 | Award | +14,940 | $14.64 | $218.72K | 43,333 |
| Donald J. Spring Chief Accounting Officer | Nov 1, 2025 | Tax withholding | −199 | $14.64 | $2.91K | 5,386 |
| Jeffrey S. Mefford President | Nov 1, 2025 | Tax withholding | −742 | $14.64 | $10.86K | 55,749 |
| Eric Lemke Chief Financial Officer | Nov 1, 2025 | Tax withholding | −472 | $14.64 | $6.91K | 28,393 |
| Donald J. Spring Chief Accounting Officer | Oct 31, 2025 | Tax withholding | −114 | $14.64 | $1.67K | 5,585 |
| Jeffrey S. Mefford President | Oct 31, 2025 | Tax withholding | −445 | $14.64 | $6.51K | 56,491 |
| Eric Lemke Chief Financial Officer | Oct 31, 2025 | Tax withholding | −294 | $14.64 | $4.30K | 28,865 |
| Donald J. Spring Chief Accounting Officer | Aug 5, 2025 | Returned to company | −53 | $16.71 | $886 | 5,699 |
| Jennifer DiMotta Director | Jun 30, 2025 | Award | +2,598 | $17.32 | $45.00K | 6,799 |
| Robert F. Schultz Director | Jun 30, 2025 | Award | +2,598 | $17.32 | $45.00K | 34,715 |
| Jerry L. McDaniel Director | Jun 30, 2025 | Award | +2,598 | $17.32 | $45.00K | 8,258 |
| Richard T. Ramos Director | Jun 30, 2025 | Award | +2,598 | $17.32 | $45.00K | 20,103 |
| Richard T. Ramos Director | Jun 30, 2025 | Award | +2,598 | $17.32 | $45.00K | 20,103 |
| Jeffrey G. Ludwig President & CEO, Director | Jun 30, 2025 | Award | +1,615 | $15.48 | $25.00K | 361,249 |
| Daniel Edward Casey CROF | May 1, 2025 | Tax withholding | −217 | $17.62 | $3.82K | 13,352 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Ludwig Jeffrey Officer | Jul 28, 2026 | 8,383 | $280.83K | Jul 28, 2026 | Stock Option Exercise |
| T. Lemke Eric Former officer | Apr 28, 2026 | 14,893 | $384.84K | Apr 28, 2026 | Equity award |
| Spring Donald Officer | Nov 12, 2024 | 431 | $11.64K | Nov 12, 2024 | RSA Vest |
| Spring Donald Officer | Nov 7, 2024 | 311 | $8.80K | Nov 7, 2024 | RSA Vest |
| Spring Donald Officer | Nov 5, 2024 | 689 | $17.10K | Nov 5, 2024 | RSA Vest |
| Ludwig Jeffrey Officer | Oct 29, 2024 | 12,753 | $312.45K | Oct 29, 2024 | Stock Option Exercise |
| Spring Donald Officer | Jun 11, 2024 | 7,858 | $172.88K | Jun 11, 2024 | RSA Vest |
| Tucker Douglas Officer | May 3, 2024 | 3,577 | $85.85K | May 3, 2024 | Stock Option Exercise |
| Tucker Douglas Officer | Jan 31, 2024 | 3,577 | $96.58K | Jan 31, 2024 | Stock Option Exercise |
| Donald J. Spring Officer | Dec 20, 2023 | 3,031 | $84.78K | Dec 20, 2023 | Exercise of Stock Option |
| Donald J. Spring Officer | Dec 13, 2023 | 2,349 | $61.00K | Dec 13, 2023 | Exercise of stock options |
| Spring Donald Officer | Nov 13, 2023 | 2,048 | $46.26K | Nov 10, 2023 | RSA Vest |