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Midland States Bancorp rated buy on improving asset quality, strong dividends, and growth in wealth management.

Company Fundamentals
18 Aug 2026
Seeking Alpha
View Source
Bullish
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Midland States Bancorp (MSBI) is rated a buy due to improving asset quality marked by lower credit provisions and reduced non-performing loans. The bank offers a 4% dividend yield with 26 years of consecutive dividend growth and ongoing share buybacks, providing strong returns to shareholders. Wealth management achieved record assets and fees in the second quarter of 2026, with further growth expected from expanded advisor hiring. Despite risks from commercial real estate loan concentration, MSBI trades at a 19% forward price-to-earnings discount to the sector median, supported by solid valuation and capital strength, indicating potential upside for investors.

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