Midland States Bancorp, Inc.

State Commercial Banks

MSBI Banks & Consumer Finance People in Banks & Consumer Finance SEC CIK 0001466026 ↗

Computed from SEC EDGAR filings and closing prices — not copied from any wealth ranking. Dataset . How we calculate this.

Market capitalisation
$694.16M
20,752,112 shares Covers all 2 share classes this company has on file.
Insiders on file
10
people who have filed Form 3, 4 or 5 naming this issuer
Value of insider-held stock
$53.86M
from the holdings reported on Forms 3/4/5; this figure has no separate as-of date on file
Insider-held share of market cap
7.76%
insider-held value divided by market capitalisation

What Midland States Bancorp, Inc. reports

Revenue and net income below are for fiscal period FY2025, the period label carried by this company’s own annual XBRL filings to the SEC. Fiscal years do not line up between companies — one company’s FY2026 can cover much the same months as another’s FY2025 — so compare the periods, not just the numbers.

Revenue
—
No revenue figure: this company’s filings tag profit, but no single revenue total.
Net income
-$124.28M
FY2025 a loss for the period, from this company’s own annual XBRL filings to the SEC
Employees
839
Yahoo Finance
Why the revenue box is blank

US GAAP has no one “total revenue” tag that every filer uses. A bank reports interest and dividend income separately from non-interest income; closed-end funds, blank-cheque companies and some property trusts report the same way; and a company that has not sold anything yet — a drug developer still in trials, for instance — files no revenue at all. Adding two differently defined income lines together would produce a number that appears in no filing, so we publish a revenue figure only where the filing tags one annual, US-dollar revenue fact we can point at. A blank here means no such tag, not that we failed to look.

Where the employee count comes from

Headcount comes from Yahoo Finance, not from a filing. The date beside it is the day we retrieved the figure — it is not the date the company counted its staff, and Yahoo does not publish that date. Unlike the SEC filings behind the other figures on this page, this one carries no open licence, so we publish the number and nothing else from that source.

Insiders at Midland States Bancorp, Inc.

Shares is what each person last reported holding here.

Everyone below has filed at least one insider report against this company.

Value is that share count priced at the same closing price used everywhere else on this site. A row priced from only some of a person’s securities says so — we do not quietly present a partial sum as a complete one.

Rows are grouped by the role each person reports.

The role comes from the relationship boxes a person ticks on their own insider filings — officer, director, ten per cent owner — not from anything we infer. Somebody who is both an officer and a director appears once, in the combined group, so the row count still matches the figure at the top of this page. Where no filing states a role we say so instead of guessing one.

People who file insider reports against Midland States Bancorp, Inc..
Insider Reported role Shares Value Last action
Officers 4
Jeffrey S Mefford President 77,211 $2.60M F Shares withheld for taxes Nov 7, 2025 position reported
Jeremy Andrew Jameson EVP 63,883 $2.15M A Grant or award Jun 30, 2026 position reported
Douglas J Tucker SVP 43,358 $1.32M partial — 1 of 2 securities priced A Grant or award Nov 7, 2024 position reported
Eric Lemke CFO 42,119 $1.42M F Shares withheld for taxes Nov 7, 2025 position reported
Officers who also sit on the board 1
Jeffrey G Ludwig CEO 411,228 $13.87M S Open-market sale Jul 28, 2026 position reported
Directors 5
James F Deutsch Board Member 438,500 $14.79M — position reported
Robert F Schultz Board Member 302,744 $10.21M A Grant or award Jun 30, 2025 position reported
Jerry L McDaniel Board Member 136,561 $3.93M partial — 1 of 2 securities priced A Grant or award Jun 30, 2026 position reported
Richard Dean Bingham Board Member 75,254 $2.40M partial — 1 of 2 securities priced P Open-market purchase Dec 3, 2025 position reported
Jeffrey C Smith Board Member 34,109 $1.15M P Open-market purchase Dec 3, 2025 position reported

Events from filings

Detected automatically in the filings linked below. Each headline is built from the numbers in those filings, not written by a model. Newest first; events older than 45 days stay listed and are marked as older.

3 insiders bought Midland States Bancorp, Inc. (MSBI) shares worth $195,674 on Dec 3, 2025

Cluster buying

3 different insiders made 3 open-market purchases of this company’s shares within a short window. Each row below is one reported trade.

3 insiders bought Midland States Bancorp, Inc. (MSBI) shares worth $195,674 on Dec 3, 2025
Date Insider Transaction Shares Price Value Filing
Dec 3, 2025 Jeffrey C Smith P Open-market purchase 500 held after: 34,109 $17.69 $8,845 SEC filing ↗
Dec 3, 2025 Richard Dean Bingham P Open-market purchase 5,000 held after: 27,700 $17.56 $87,800 SEC filing ↗
Dec 3, 2025 Jeremy Andrew Jameson P Open-market purchase 5,598 held after: 63,412 $17.69 $99,029 SEC filing ↗

Total of the rows above: $195,674, in the currency the filings report.

Source: SEC EDGAR (United States); every row links to where it was published. Event computed Sep 14, 2026.

Recent insider transactions

Of the 64 rows we hold, 4 are open-market purchases (P) and 4 open-market sales (S) — the only codes we count as buying or selling.

The rest — awards, shares withheld to pay tax, option exercises, gifts and so on — follow from an employment contract or a transfer arranged off-market, not from a decision to buy or sell, so counting them would turn this into a pay table.

A price of 0.00 is a real reported figure on gifts (G) and share awards (A) — not a gap in our data.

Insider transactions disclosed to the SEC for Midland States Bancorp, Inc., newest first, each with the filing behind it.
Date Insider Transaction Shares Price Value Filing
Jul 28, 2026 Jeffrey G Ludwig S Open-market sale 8,383 $34.00 $285.0K SEC filing ↗
Jul 28, 2026 Jeffrey G Ludwig M Option exercise or conversion 8,383 $28.59 $239.7K SEC filing ↗
Jun 30, 2026 Jeremy Andrew Jameson A Grant or award 1 $20.56 $21 SEC filing ↗
Jun 30, 2026 Jerry L McDaniel A Grant or award 1,445 $31.14 $45.0K SEC filing ↗
May 5, 2026 Jeremy Andrew Jameson F Shares withheld for taxes 1,982 $27.08 $53.7K SEC filing ↗
Mar 31, 2026 Jeffrey G Ludwig A Grant or award 1,312 $19.05 $25.0K SEC filing ↗
Mar 31, 2026 Jeremy Andrew Jameson A Grant or award 1,311 $19.05 $25.0K SEC filing ↗
Mar 31, 2026 Jeremy Andrew Jameson A Grant or award 751 $19.05 $14.3K SEC filing ↗
Mar 31, 2026 Jeffrey G Ludwig A Grant or award 909 $19.05 $17.3K SEC filing ↗
Dec 31, 2025 Jeremy Andrew Jameson A Grant or award 471 $15.13 $7.1K SEC filing ↗
Dec 3, 2025 Jeremy Andrew Jameson P Open-market purchase 5,598 $17.69 $99.0K SEC filing ↗
Dec 3, 2025 Richard Dean Bingham P Open-market purchase 5,000 $17.56 $87.8K SEC filing ↗
Dec 3, 2025 Jeffrey C Smith P Open-market purchase 500 $17.69 $8.8K SEC filing ↗
Nov 7, 2025 Jeremy Andrew Jameson F Shares withheld for taxes 170 $16.01 $2.7K SEC filing ↗
Nov 7, 2025 Eric Lemke F Shares withheld for taxes 573 $16.01 $9.2K SEC filing ↗
Nov 7, 2025 Jeffrey S Mefford F Shares withheld for taxes 894 $16.01 $14.3K SEC filing ↗
Nov 6, 2025 Eric Lemke F Shares withheld for taxes 641 $15.97 $10.2K SEC filing ↗
Nov 6, 2025 Jeffrey S Mefford F Shares withheld for taxes 954 $15.97 $15.2K SEC filing ↗
Nov 3, 2025 Jeremy Andrew Jameson A Grant or award 23,310 $14.64 $341.3K SEC filing ↗
Nov 3, 2025 Eric Lemke A Grant or award 14,940 $14.64 $218.7K SEC filing ↗
Nov 3, 2025 Jeffrey S Mefford A Grant or award 23,310 $14.64 $341.3K SEC filing ↗
Nov 3, 2025 Jeffrey G Ludwig A Grant or award 38,410 $14.64 $562.3K SEC filing ↗
Nov 1, 2025 Eric Lemke F Shares withheld for taxes 472 $14.64 $6.9K SEC filing ↗
Nov 1, 2025 Jeffrey S Mefford F Shares withheld for taxes 742 $14.64 $10.9K SEC filing ↗
Oct 31, 2025 Eric Lemke F Shares withheld for taxes 294 $14.64 $4.3K SEC filing ↗

From SEC Form 4 filings. Every row links to the filing it came from. How we calculate this.

What a Form 4 is

The report an officer, director or large shareholder must file after trading their own company’s stock.

Subsidiaries — 9 legal entities

Subsidiaries of Midland States Bancorp, Inc.

9 legal entities named in the subsidiary exhibit filed with this company’s most recent 10-K. . Filing on SEC.gov.

This is not the full list. SEC rules only require a company to name its significant subsidiaries.

What that leaves out

Smaller entities are left out of the exhibit entirely. A short list here means a short exhibit — it does not mean the company owns nothing else. Nothing on this page is inferred: every name below is copied from the filing.

Subsidiaries Midland States Bancorp, Inc. names in its most recent annual report, with the place each one is organised.
Subsidiary Organised in
Centrue Statutory Trust II State of Connecticut
Grant Park Statutory Trust I State of Delaware
Love Savings/Heartland Capital Trust III State of Delaware
Love Savings/Heartland Capital Trust IV State of Delaware
Midland States Bank State of Illinois
Midland States Investments Inc. State of Nevada
Midland States Preferred Securities Trust State of Delaware
Midland Trust Company State of Illinois
Midland Wealth Advisors LLC State of Illinois
What counts as a subsidiary

A subsidiary is a separate legal entity this company controls; it is not the same thing as a brand, a division or an office. These entities do not file with the SEC in their own right, so there is no separate page to open for them.

Think a number here is wrong? Open the linked filing and compare — how to report it.

Sources and technical notes

Every figure on this page comes from filings to the U.S. SEC via EDGAR. Nothing here is estimated, and nothing is taken from press coverage or company websites.

Share count: cover page of the latest filing (dei:EntityCommonStockSharesOutstanding), taken from Midland States Bancorp, Inc.’s own filings and multiplied by our closing price. Full method.

What that share count means

the share count the company itself prints on the cover of its most recent filing, as of the date it signed that filing.

We do not take a market cap from a data vendor, and we do not estimate one: the figure is a share count from Midland States Bancorp, Inc.’s own SEC filings multiplied by the closing price we hold for the same stock.

Logo: MASHBIR / Public domain , via Wikimedia Commons ↗ — used here to identify the company. Trademarks remain the property of their owner.