Midland States Bancorp, Inc. (MSBI)
Effingham, IL, US
Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates in Banking and Wealth Management segments. The company offers commercial loans; commercial real estate loans that include various property types, such as owner-occupied offices, warehouses and production facilities, office buildings, hotels, mixed-use residential and commercial facilities, retail centers, multifamily properties, assisted living facilities, and farmland; construction and land development loans, including loans to small and midsized businesses to construct owner-user properties, loans to developers of commercial real estate investment properties and residential developments, and loans to individual clients for construction of single family homes; and residential real estate loans comprising first and second mortgage loans, and home equity lines of credit. It also provides commercial equipment leasing; depository products consisting of checking, savings, money market, certificates of deposits, and sweep accounts; and trust and wealth management products and services, such as financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. The company was founded in 1881 and is headquartered in Effingham, Illinois.
3 articles
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
| Rating | 2026-04 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 5 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
| Period | # Analysts | Avg Target |
|---|---|---|
| Last Month | — | — |
| Last Quarter | 2 |
24.75
-19.7%
|
| Last Year | 5 |
21.50
-30.3%
|
| All Time | 7 |
22.71
-26.4%
|
-
Revenue growth-14.4% Q1'26: -6.0% (vs Q1'25)
-
EPS growth-565.2% Q1'26: +33.3% (vs Q1'25)
-
FCF margin— Q1'26: -8.2% (vs Q1'25)
-
EBIT margin— Q1'26: +22.3% (vs Q1'25)
-
ROIC— Q1'26: +8.1% (vs Q1'25)
-
Share dilution+0.5% Q1'26: -3.4% (vs Q1'25)
-
Debt / EBITDA— Q1'26: 4.88× (vs Q1'25)
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
| Metric |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 4 Rev. Ana. 4 EPS Ana. |
Dec 2027 4 Rev. Ana. 4 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
191.35M
est: 163.73M (+16.9%)
|
210.52M
est: 191.72M (+9.8%)
|
294.71M
est: 247.15M (+19.2%)
|
326.94M
est: 267.10M (+22.4%)
|
315.97M
est: 265.35M (+19.1%)
|
313.23M
est: 276.45M (+13.3%)
|
436.51M
est: 311.62M (+40.1%)
|
508.50M
est: 255.63M (+98.9%)
|
546.05M
est: 297.74M (+83.4%)
|
467.59M
est: 313.91M (+49.0%)
|
307.69M
303.26M – 312.12M
-2.0% YoY
|
314.23M
313.67M – 314.79M
+2.1% YoY
|
| EBITDA |
63.80M
est: 37.64M (+69.5%)
|
39.92M
est: 85.43M (-53.3%)
|
66.88M
est: 105.83M (-36.8%)
|
91.90M
est: 165.53M (-44.5%)
|
51.53M
est: 116.59M (-55.8%)
|
115.46M
est: 144.98M (-20.4%)
|
145.76M
est: 188.99M (-22.9%)
|
100.68M
est: 40.21M (+150.4%)
|
46.90M
est: 46.84M (+0.1%)
|
-93.47M
est: 49.38M (-289.3%)
|
48.40M
47.70M – 49.10M
-2.0% YoY
|
49.43M
49.34M – 49.52M
+2.1% YoY
|
| EBIT |
50.43M
est: 32.01M (+57.5%)
|
26.47M
est: 33.52M (-21.0%)
|
50.81M
est: 48.32M (+5.1%)
|
72.47M
est: 52.22M (+38.8%)
|
32.01M
est: 51.88M (-38.3%)
|
99.11M
est: 54.05M (+83.4%)
|
131.39M
est: 60.93M (+115.6%)
|
87.96M
est: 33.51M (+162.5%)
|
46.90M
est: 39.03M (+20.2%)
|
-103.24M
est: 41.15M (-350.9%)
|
40.34M
39.76M – 40.92M
-2.0% YoY
|
41.19M
41.12M – 41.27M
+2.1% YoY
|
| Net Income |
31.54M
est: 43.19M (-27.0%)
|
16.06M
est: 20.01M (-19.8%)
|
39.42M
est: 37.86M (+4.1%)
|
55.78M
est: 60.49M (-7.8%)
|
22.54M
est: 19.28M (+16.9%)
|
81.32M
est: 81.33M (0.0%)
|
100.24M
est: 119.36M (-16.0%)
|
61.16M
est: 43.14M (+41.8%)
|
38.04M
est: 46.90M (-18.9%)
|
-124.28M
est: -128.69M (+3.4%)
|
57.45M
55.90M – 59.55M
+144.6% YoY
|
59.82M
57.29M – 64.43M
+4.1% YoY
|
| SGA |
70.73M
est: 38.97M (+81.5%)
|
83.81M
est: 143.18M (-41.5%)
|
102.17M
est: 129.01M (-20.8%)
|
95.83M
est: 133.41M (-28.2%)
|
89.06M
est: 150.63M (-40.9%)
|
93.47M
est: 118.49M (-21.1%)
|
96.96M
est: 87.38M (+11.0%)
|
101.38M
est: 60.19M (+68.4%)
|
102.84M
est: 70.11M (+46.7%)
|
125.84M
est: 73.92M (+70.2%)
|
72.45M
71.41M – 73.50M
-2.0% YoY
|
73.99M
73.86M – 74.12M
+2.1% YoY
|
| EPS |
2.22
est: 1.99 (+11.7%)
|
0.89
est: 1.37 (-34.9%)
|
1.69
est: 1.61 (+5.3%)
|
2.28
est: 2.40 (-4.9%)
|
0.95
est: 1.22 (-22.3%)
|
3.58
est: 3.44 (+4.2%)
|
4.24
est: 3.98 (+6.6%)
|
2.33
est: 1.98 (+17.9%)
|
1.32
est: 2.16 (-38.8%)
|
-6.14
est: -5.88 (-4.4%)
|
2.65
2.56 – 2.73
+145.1% YoY
|
2.75
2.62 – 2.95
+3.6% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-04-24 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-23 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-22 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-21 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-20 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-17 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
| 2026-04-16 | C+ | 2/5 | 5/5 | 1/5 | 1/5 | 2/5 | 1/5 | 3/5 |
Owner Earnings
Ownership Overview
| # | Reporting person | Amount owned | % of class | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Type | Citizenship | Filing date | SEC filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | (1) BlackRock, Inc. | 2.29M | 10.40% | 2.11M | — | 2.29M | — | HC | Delaware | 2022-03-09 | ↗ |
| 2 | Page 1 of 8 Pages | 1.34M | 5.60% | — | 1.34M | — | 1.34M | IA | Delaware | 2019-02-14 | ↗ |
| 3 | 30-0447847 | 1.26M | 5.70% | 1.23M | — | 1.26M | — | IA | Delaware Limited Partnership | 2023-02-10 | ↗ |
| 4 | R. Robert Funderburg, Jr. | 1.22M | 5.10% | 586.0K | 633.7K | 586.0K | 10.00 | IN | OF REPORTING PERSON | 2018-03-12 | ↗ |
| 5 | FJ Capital Management | 1.21M | 5.02% | — | 1.21M | — | — | IA | Delaware | 2019-04-12 | ↗ |
| 6 | Martin Friedman | 1.21M | 5.02% | — | 1.21M | — | — | IN | Delaware | 2019-04-12 | ↗ |
| 7 | The Vanguard Group - 23-1945930 | 1.14M | 5.29% | — | 16.3K | — | — | IA | — | 2024-02-13 | ↗ |
| 8 | Financial Opportunity Fund LLC | 594.0K | 2.47% | — | 594.0K | — | — | OO | Delaware | 2019-04-12 | ↗ |
| 9 | Realty Investment Company, Inc. | 439.6K | 1.83% | — | 439.6K | — | — | CO | Delaware | 2019-04-12 | ↗ |
| 10 | SunBridge Holdings, LLC | 439.6K | 1.83% | — | 439.6K | — | — | OO | Delaware | 2019-04-12 | ↗ |
| 11 | SunBridge Manager, LLC | 439.6K | 1.83% | — | 439.6K | — | — | OO | Delaware | 2019-04-12 | ↗ |
| 12 | Bridge Equities III, LLC | 389.3K | 1.62% | — | 389.3K | — | — | OO | Delaware | 2019-04-12 | ↗ |
| 13 | Bridge Equities XI, LLC | 50.3K | 0.21% | — | 50.3K | — | — | OO | Delaware | 2019-04-12 | ↗ |
| 14 | Financial Opportunity Long/Short Fund LLC | 13.2K | 0.05% | — | 13.2K | — | — | OO | Delaware | 2019-04-12 | ↗ |
Institutional Activity (13F)
| # | Investor | Shares / Δ | Mkt value / Δ | Own% / Δ | Weight% / Δ | Avg px / Perf. | Hold / Status |
|---|---|---|---|---|---|---|---|
| 1 | — | 5.0K +5.0K (+100.0%) | 106.59M +106.6M (+100.0%) | 0.02% +0.023 pp | 0.08% +0.083 pp | USD21.17 +0.0% | 1 qtrs NEW |
| 2 | BLACKROCK, INC. | 2.94M -64.2K (-2.1%) | 62.24M +10.7M (+20.9%) | 13.45% -0.315 pp | 0.00% +0.000 pp | USD22.24 -4.8% | 6 qtrs — |
| 3 | VANGUARD GROUP INC | 1.23M +55.0K (+4.7%) | 26.00M +5.9M (+29.3%) | 5.62% +0.243 pp | 0.00% +0.000 pp | USD28.68 -26.2% | 38 qtrs — |
| 4 | DIMENSIONAL FUND ADVISORS LP | 1.05M -142.5K (-11.9%) | 22.25M +1.8M (+8.8%) | 4.81% -0.660 pp | 0.00% +0.000 pp | USD26.49 -20.1% | 34 qtrs — |
| 5 | BUSEY WEALTH MANAGEMENT | 759.3K +— (+0.0%) | 16.07M +3.1M (+23.5%) | 3.47% -0.005 pp | 0.42% +0.061 pp | USD13.33 +58.8% | 24 qtrs — |
| 6 | STATE STREET CORP | 682.9K +62.9K (+10.1%) | 14.46M +3.8M (+36.0%) | 3.12% +0.283 pp | 0.00% +0.000 pp | USD26.74 -20.8% | 39 qtrs — |
| 7 | AMERICAN CENTURY COMPANIES INC | 598.6K +9.3K (+1.6%) | 12.67M +2.6M (+25.5%) | 2.74% +0.039 pp | 0.01% +0.001 pp | USD22.41 -5.5% | 23 qtrs — |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 518.4K -10.7K (-2.0%) | 10.98M +1.9M (+21.0%) | 2.37% -0.053 pp | 0.00% +0.000 pp | USD25.16 -15.9% | 38 qtrs — |
| 9 | AQR CAPITAL MANAGEMENT LLC | 407.8K -267.8K (-39.6%) | 8.63M -2.9M (-25.4%) | 1.87% -1.230 pp | 0.00% -0.003 pp | USD19.11 +10.8% | 34 qtrs — |
| 10 | HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | 371.8K +33.6K (+9.9%) | 7.87M +2.1M (+35.8%) | 1.70% +0.152 pp | 0.02% +0.006 pp | USD21.52 -1.6% | 6 qtrs — |
| 11 | LSV ASSET MANAGEMENT | 296.1K -31.0K (-9.5%) | 6.27M +662.0K (+11.8%) | 1.35% -0.144 pp | 0.01% +0.001 pp | USD22.88 -7.5% | 27 qtrs — |
| 12 | RHINO INVESTMENT PARTNERS, INC | 261.5K +261.5K (+100.0%) | 5.54M +5.5M (+100.0%) | 1.20% +1.197 pp | 1.57% +1.569 pp | USD21.17 +0.0% | 1 qtrs NEW |
| 13 | JACOBS LEVY EQUITY MANAGEMENT, INC | 238.4K +117.4K (+97.1%) | 5.05M +3.0M (+143.4%) | 1.09% +0.536 pp | 0.02% +0.011 pp | USD22.06 -4.0% | 20 qtrs — |
| 14 | MILLENNIUM MANAGEMENT LLC | 220.9K -95.2K (-30.1%) | 4.68M -741.4K (-13.7%) | 1.01% -0.438 pp | 0.00% 0.000 pp | USD18.33 +15.5% | 29 qtrs — |
| 15 | NUVEEN, LLC | 202.9K -39.1K (-16.2%) | 4.29M +147.6K (+3.6%) | 0.93% -0.181 pp | 0.00% +0.000 pp | USD17.13 +23.6% | 4 qtrs — |
| 16 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 181.9K +43.0K (+31.0%) | 3.85M +1.5M (+61.7%) | 0.83% +0.196 pp | 0.00% +0.001 pp | USD21.39 -1.0% | 6 qtrs — |
| 17 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 175.5K -148.0 (-0.1%) | 3.71M +704.6K (+23.4%) | 0.80% -0.002 pp | 0.00% +0.000 pp | USD28.24 -25.0% | 37 qtrs — |
| 18 | GOLDMAN SACHS GROUP INC | 174.1K +16.3K (+10.3%) | 3.69M +981.0K (+36.3%) | 0.80% +0.074 pp | 0.00% +0.000 pp | USD22.77 -7.0% | 31 qtrs — |
| 19 | MORGAN STANLEY | 173.1K +21.4K (+14.1%) | 3.67M +1.1M (+40.9%) | 0.79% +0.097 pp | 0.00% +0.000 pp | USD23.75 -10.9% | 38 qtrs — |
| 20 | BANK OF AMERICA CORP /DE/ | 168.7K -43.1K (-20.3%) | 3.57M -58.0K (-1.6%) | 0.77% -0.199 pp | 0.00% +0.000 pp | USD21.79 -2.8% | 39 qtrs — |
| 21 | ACADIAN ASSET MANAGEMENT LLC | 158.6K +30.0K (+23.3%) | 3.36M +1.2M (+52.5%) | 0.73% +0.136 pp | 0.01% +0.002 pp | USD18.20 +16.3% | 8 qtrs — |
| 22 | NORTHERN TRUST CORP | 148.9K -14.2K (-8.7%) | 3.15M +356.5K (+12.8%) | 0.68% -0.066 pp | 0.00% +0.000 pp | USD30.12 -29.7% | 39 qtrs — |
| 23 | TWO SIGMA INVESTMENTS, LP | 147.2K +7.6K (+5.5%) | 3.12M +723.6K (+30.2%) | 0.67% +0.034 pp | 0.00% +0.001 pp | USD19.78 +7.0% | 25 qtrs — |
| 24 | ALGERT GLOBAL LLC | 130.9K +55.3K (+73.1%) | 2.77M +1.5M (+113.7%) | 0.60% +0.252 pp | 0.04% +0.022 pp | USD18.84 +12.4% | 2 qtrs — |
| 25 | BANK OF NEW YORK MELLON CORP | 124.1K -67.5K (-35.2%) | 2.63M -657.4K (-20.0%) | 0.57% -0.310 pp | 0.00% 0.000 pp | USD28.52 -25.8% | 37 qtrs — |
| 26 | D. E. SHAW & CO., INC. | 116.2K +73.4K (+171.4%) | 2.46M +1.7M (+235.2%) | 0.53% +0.336 pp | 0.00% +0.001 pp | USD21.00 +0.8% | 25 qtrs — |
| 27 | JPMORGAN CHASE & CO | 115.0K +33.3K (+40.8%) | 2.44M +1.0M (+73.9%) | 0.53% +0.152 pp | 0.00% +0.000 pp | USD22.91 -7.6% | 38 qtrs — |
| 28 | BRIDGEWAY CAPITAL MANAGEMENT, LLC | 110.7K +6.5K (+6.3%) | 2.34M +557.6K (+31.2%) | 0.51% +0.029 pp | 0.05% +0.011 pp | USD25.88 -18.2% | 35 qtrs — |
| 29 | TREXQUANT INVESTMENT LP | 104.6K +35.6K (+51.5%) | 2.22M +1.0M (+87.1%) | 0.48% +0.162 pp | 0.02% +0.008 pp | USD20.25 +4.5% | 14 qtrs — |
| 30 | TWO SIGMA ADVISERS, LP | 104.4K -4.1K (-3.8%) | 2.21M +350.5K (+18.8%) | 0.48% -0.020 pp | 0.00% +0.001 pp | USD21.44 -1.3% | 25 qtrs — |
| 31 | JANE STREET GROUP, LLC | 101.4K +40.4K (+66.2%) | 2.15M +1.1M (+105.2%) | 0.46% +0.184 pp | 0.00% +0.000 pp | USD18.75 +12.9% | 9 qtrs — |
| 32 | AMERIPRISE FINANCIAL INC | 96.6K +22.5K (+30.4%) | 2.04M +775.0K (+61.0%) | 0.44% +0.103 pp | 0.00% +0.000 pp | USD20.83 +1.6% | 29 qtrs — |
| 33 | PRUDENTIAL FINANCIAL INC | 71.5K -90.5K (-55.9%) | 1.51M -1.3M (-45.5%) | 0.33% -0.415 pp | 0.00% -0.002 pp | USD21.81 -2.9% | 28 qtrs — |
| 34 | BARCLAYS PLC | 69.5K +4.1K (+6.2%) | 1.47M +7.0K (+0.5%) | 0.32% +0.018 pp | 0.00% +0.000 pp | USD22.62 -6.4% | 39 qtrs — |
| 35 | ROYAL BANK OF CANADA | 68.6K +67.8K (+8,633.1%) | 1.45M +1.4M (+10,264.3%) | 0.31% +0.310 pp | 0.00% +0.000 pp | USD21.18 0.0% | 37 qtrs — |
| 36 | EMPOWERED FUNDS, LLC | 67.5K +6.5K (+10.7%) | 1.43M +383.5K (+36.7%) | 0.31% +0.029 pp | 0.01% +0.001 pp | USD20.86 +1.5% | 11 qtrs — |
| 37 | CITADEL ADVISORS LLC | 65.9K +11.1K (+20.2%) | 1.40M +455.1K (+48.4%) | 0.30% +0.050 pp | 0.00% +0.000 pp | USD20.05 +5.6% | 8 qtrs — |
| 38 | LOS ANGELES CAPITAL MANAGEMENT LLC | 86.5K +7.2K (+9.1%) | 1.39M +26.8K (+2.0%) | 0.40% +0.033 pp | 0.00% +0.000 pp | USD17.60 +20.3% | 9 qtrs — |
| 39 | CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. | 57.5K +233.0 (+0.4%) | 1.22M +235.8K (+24.0%) | 0.26% +0.001 pp | 0.00% +0.000 pp | USD20.31 +4.2% | 5 qtrs — |
| 40 | UBS GROUP AG | 53.3K +6.5K (+13.9%) | 1.13M +325.9K (+40.6%) | 0.24% +0.029 pp | 0.00% +0.000 pp | USD20.48 +3.4% | 39 qtrs — |
| 41 | FEDERATED HERMES, INC. | 51.8K +19.0K (+58.0%) | 1.10M +534.6K (+95.1%) | 0.24% +0.087 pp | 0.00% +0.001 pp | USD23.39 -9.5% | 37 qtrs — |
| 42 | UNIVERSAL- BETEILIGUNGS- UND SERVICEGESELLSCHAFT MBH | 51.8K +73.0 (+0.1%) | 1.10M +209.8K (+23.7%) | 0.24% +0.000 pp | 0.00% +0.000 pp | USD24.40 -13.2% | 5 qtrs — |
| 43 | IEQ CAPITAL, LLC | 47.6K -25.1K (-34.6%) | 1.01M -239.2K (-19.2%) | 0.22% -0.116 pp | 0.00% -0.001 pp | USD18.04 +17.4% | 5 qtrs — |
| 44 | CREATIVE PLANNING | 47.0K -34.4K (-42.3%) | 994.8K -399.9K (-28.7%) | 0.22% -0.158 pp | 0.00% 0.000 pp | USD17.21 +23.0% | 4 qtrs — |
| 45 | HSBC HOLDINGS PLC | 47.0K +12.2K (+34.9%) | 989.9K +397.4K (+67.1%) | 0.22% +0.055 pp | 0.00% +0.000 pp | USD23.27 -9.0% | 20 qtrs — |
| 46 | RUSSELL INVESTMENTS GROUP, LTD. | 46.0K +13.0K (+39.6%) | 973.2K +408.7K (+72.4%) | 0.21% +0.059 pp | 0.00% +0.000 pp | USD21.74 -2.6% | 24 qtrs — |
| 47 | JUMP FINANCIAL, LLC | 45.3K +5.4K (+13.5%) | 959.0K +275.0K (+40.2%) | 0.21% +0.024 pp | 0.01% +0.004 pp | USD18.48 +14.6% | 8 qtrs — |
| 48 | QUANTINNO CAPITAL MANAGEMENT LP | 43.1K +9.9K (+30.0%) | 911.4K +343.6K (+60.5%) | 0.20% +0.045 pp | 0.00% +0.000 pp | USD18.06 +17.2% | 4 qtrs — |
| 49 | SQUAREPOINT OPS LLC | 43.0K +4.8K (+12.7%) | 910.5K +256.2K (+39.2%) | 0.20% +0.022 pp | 0.00% +0.000 pp | USD17.64 +20.0% | 3 qtrs — |
| 50 | COMMONWEALTH EQUITY SERVICES, LLC | 41.8K +992.0 (+2.4%) | 884.8K +185.8K (+26.6%) | 0.19% +0.004 pp | 0.00% +0.000 pp | USD17.24 +22.8% | 6 qtrs — |
| 51 | INVESCO LTD. | 39.7K -710.0 (-1.8%) | 840.9K +147.9K (+21.3%) | 0.18% -0.004 pp | 0.00% +0.000 pp | USD24.37 -13.1% | 32 qtrs — |
| 52 | ALLIANCEBERNSTEIN L.P. | 37.7K +4.2K (+12.5%) | 797.5K +223.8K (+39.0%) | 0.17% +0.019 pp | 0.00% +0.000 pp | USD23.24 -8.9% | 38 qtrs — |
| 53 | NUMERAI GP LLC | 35.3K -12.2K (-25.7%) | 747.2K -66.6K (-8.2%) | 0.16% -0.056 pp | 0.09% -0.025 pp | USD17.14 +23.5% | 2 qtrs — |
| 54 | MARINER, LLC | 32.4K +4.3K (+15.4%) | 686.7K +204.8K (+42.5%) | 0.15% +0.020 pp | 0.00% +0.000 pp | USD23.11 -8.4% | 9 qtrs — |
| 55 | GRAHAM CAPITAL MANAGEMENT, L.P. | 31.6K -2.2K (-6.4%) | 669.4K +90.4K (+15.6%) | 0.14% -0.010 pp | 0.02% +0.007 pp | USD17.14 +23.5% | 2 qtrs — |
| 56 | WELLS FARGO & COMPANY/MN | 30.4K +11.3K (+59.2%) | 643.2K +316.0K (+96.6%) | 0.14% +0.052 pp | 0.00% +0.000 pp | USD21.69 -2.4% | 39 qtrs — |
| 57 | FMR LLC | 29.3K +5.0K (+20.7%) | 620.3K +204.1K (+49.0%) | 0.13% +0.023 pp | 0.00% +0.000 pp | USD23.95 -11.6% | 16 qtrs — |
| 58 | RHUMBLINE ADVISERS | 28.8K -2.0K (-6.4%) | 610.6K +82.7K (+15.7%) | 0.13% -0.009 pp | 0.00% +0.000 pp | USD26.14 -19.0% | 35 qtrs — |
| 59 | STATE OF WISCONSIN INVESTMENT BOARD | 26.0K +11.4K (+78.1%) | 550.4K +300.2K (+120.0%) | 0.12% +0.052 pp | 0.00% +0.001 pp | USD19.00 +11.4% | 3 qtrs — |
| 60 | POINT72 ASSET MANAGEMENT, L.P. | 22.6K +22.6K (+100.0%) | 479.1K +479.1K (+100.0%) | 0.10% +0.104 pp | 0.00% +0.001 pp | USD21.17 +0.0% | 6 qtrs — |
| 61 | XTX TOPCO LTD | 22.2K +22.2K (+100.0%) | 470.6K +470.6K (+100.0%) | 0.10% +0.102 pp | 0.01% +0.012 pp | USD21.17 +0.0% | 3 qtrs — |
| 62 | OCCUDO QUANTITATIVE STRATEGIES LP | 22.1K +6.1K (+38.4%) | 468.2K +194.3K (+71.0%) | 0.10% +0.028 pp | 0.03% -0.002 pp | USD18.26 +15.9% | 2 qtrs — |
| 63 | MIDLAND WEALTH ADVISORS LLC | 21.4K +7.1K (+49.9%) | 452.7K +208.1K (+85.1%) | 0.10% +0.033 pp | 0.02% +0.011 pp | USD18.60 +13.8% | 3 qtrs — |
| 64 | PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | 21.0K +6.6K (+45.5%) | 445.3K +197.5K (+79.7%) | 0.10% +0.030 pp | 0.00% +0.001 pp | USD22.38 -5.4% | 20 qtrs — |
| 65 | SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC | 20.2K +20.2K (+100.0%) | 427.0K +427.0K (+100.0%) | 0.09% +0.092 pp | 0.01% +0.015 pp | USD21.17 +0.0% | 1 qtrs NEW |
| 66 | CITIGROUP INC | 19.4K +3.2K (+19.6%) | 411.1K +132.7K (+47.7%) | 0.09% +0.014 pp | 0.00% +0.000 pp | USD23.50 -9.9% | 39 qtrs — |
| 67 | VALEO FINANCIAL ADVISORS, LLC | 19.0K -124.0 (-0.7%) | 401.2K +74.2K (+22.7%) | 0.09% -0.001 pp | 0.01% +0.002 pp | USD23.96 -11.6% | 17 qtrs — |
| 68 | WALLEYE CAPITAL LLC | 18.7K -15.2K (-44.8%) | 396.4K -185.2K (-31.8%) | 0.09% -0.070 pp | 0.00% -0.001 pp | USD17.28 +22.5% | 3 qtrs — |
| 69 | RAFFERTY ASSET MANAGEMENT, LLC | 18.1K -5.2K (-22.4%) | 382.9K -16.6K (-4.2%) | 0.08% -0.024 pp | 0.00% +0.000 pp | USD23.19 -8.7% | 11 qtrs — |
| 70 | GSA CAPITAL PARTNERS LLP | 18.0K -5.4K (-23.1%) | 381.0K -20.0K (-5.0%) | 0.08% -0.025 pp | 0.03% -0.001 pp | USD17.32 +22.2% | 3 qtrs — |
| 71 | QUEST PARTNERS LLC | 18.0K -1.1K (-5.6%) | 380.1K +54.1K (+16.6%) | 0.08% -0.005 pp | 0.02% +0.000 pp | USD17.24 +22.8% | 6 qtrs — |
| 72 | KLP KAPITALFORVALTNING AS | 17.3K +— (+0.0%) | 366.2K +69.7K (+23.5%) | 0.08% 0.000 pp | 0.00% +0.000 pp | USD22.68 -6.7% | 5 qtrs — |
| 73 | CWM, LLC | 16.5K -7.0K (-29.9%) | 350.0K -54.0K (-13.4%) | 0.08% -0.032 pp | 0.00% 0.000 pp | USD17.85 +18.6% | 7 qtrs — |
| 74 | BNP PARIBAS ARBITRAGE, SNC | 15.9K -32.2K (-66.9%) | 337.5K -487.1K (-59.1%) | 0.07% -0.148 pp | 0.00% 0.000 pp | USD22.84 -7.3% | 39 qtrs — |
| 75 | MERCER GLOBAL ADVISORS INC /ADV | 14.6K +3.8K (+35.7%) | 308.4K +124.5K (+67.7%) | 0.07% +0.018 pp | 0.00% +0.000 pp | USD18.20 +16.3% | 2 qtrs — |
| 76 | DEUTSCHE BANK AG\ | 14.6K +8.6K (+145.9%) | 308.3K +206.8K (+203.7%) | 0.07% +0.040 pp | 0.00% +0.000 pp | USD22.51 -6.0% | 39 qtrs — |
| 77 | SEI INVESTMENTS CO | 14.5K +1.8K (+14.4%) | 306.5K +89.6K (+41.3%) | 0.07% +0.008 pp | 0.00% +0.000 pp | USD22.04 -3.9% | 6 qtrs — |
| 78 | NISA INVESTMENT ADVISORS, LLC | 13.4K +10.9K (+431.9%) | 283.2K +240.1K (+557.0%) | 0.06% +0.050 pp | 0.00% +0.001 pp | USD19.76 +7.1% | 22 qtrs — |
| 79 | WEALTH ENHANCEMENT ADVISORY SERVICES, LLC | 12.4K -1.4K (-10.3%) | 266.4K +34.0K (+14.6%) | 0.06% -0.007 pp | 0.00% +0.000 pp | USD17.14 +23.5% | 2 qtrs — |
| 80 | SG AMERICAS SECURITIES, LLC | 12.5K +3.9K (+45.9%) | 265.0K +118.0K (+80.3%) | 0.06% +0.018 pp | 0.00% 0.000 pp | USD22.29 -5.0% | 7 qtrs — |
| 81 | PRICE T ROWE ASSOCIATES INC /MD/ | 12.3K +1.4K (+12.8%) | 262.0K +74.0K (+39.4%) | 0.06% +0.006 pp | 0.00% +0.000 pp | USD17.60 +20.3% | 2 qtrs — |
| 82 | MONETA GROUP INVESTMENT ADVISORS LLC | 12.2K +— (+0.0%) | 259.1K +49.3K (+23.5%) | 0.06% 0.000 pp | 0.00% +0.000 pp | USD18.64 +13.6% | 24 qtrs — |
| 83 | HIGHTOWER ADVISORS, LLC | 12.1K +8.0 (+0.1%) | 255.5K +48.8K (+23.6%) | 0.06% +0.000 pp | 0.00% +0.000 pp | USD23.37 -9.4% | 14 qtrs — |
| 84 | METLIFE INVESTMENT MANAGEMENT, LLC | 11.9K +— (+0.0%) | 252.5K +48.1K (+23.5%) | 0.05% 0.000 pp | 0.00% +0.000 pp | USD30.66 -31.0% | 33 qtrs — |
| 85 | HENNION & WALSH ASSET MANAGEMENT, INC. | 11.4K -924.0 (-7.5%) | 242.2K +30.3K (+14.3%) | 0.05% -0.004 pp | 0.01% +0.001 pp | USD17.32 +22.2% | 3 qtrs — |
| 86 | SCHONFELD STRATEGIC ADVISORS LLC | 10.3K +10.3K (+100.0%) | 217.4K +217.4K (+100.0%) | 0.05% +0.047 pp | 0.00% +0.001 pp | USD21.17 +0.0% | 1 qtrs NEW |
| 87 | SMITH, MOORE & CO. | 9.9K +9.9K (+100.0%) | 210.3K +210.3K (+100.0%) | 0.05% +0.046 pp | 0.02% +0.016 pp | USD21.17 +0.0% | 1 qtrs NEW |
| 88 | SUSQUEHANNA PORTFOLIO STRATEGIES, LLC | 9.6K +9.6K (+100.0%) | 202.7K +202.7K (+100.0%) | 0.04% +0.044 pp | 0.00% +0.003 pp | USD21.17 +0.0% | 1 qtrs NEW |
| 89 | MIRAE ASSET GLOBAL ETFS HOLDINGS LTD. | 9.6K -63.0 (-0.7%) | 202.5K +37.5K (+22.7%) | 0.04% 0.000 pp | 0.00% +0.000 pp | USD22.44 -5.7% | 7 qtrs — |
| 90 | POLICE & FIREMEN'S RETIREMENT SYSTEM OF NEW JERSEY | 6.1K +— (+0.0%) | 128.1K +24.4K (+23.5%) | 0.03% +0.000 pp | 0.00% +0.000 pp | USD22.20 -4.6% | 5 qtrs — |
| 91 | IFP ADVISORS, INC | 5.3K -63.0 (-1.2%) | 112.3K +20.3K (+22.1%) | 0.02% 0.000 pp | 0.00% +0.000 pp | USD22.28 -5.0% | 7 qtrs — |
| 92 | ANCORA ADVISORS, LLC | 4.6K -10.3K (-69.0%) | 97.8K -157.9K (-61.8%) | 0.02% -0.047 pp | 0.00% -0.003 pp | USD33.29 -36.4% | 35 qtrs — |
| 93 | QUADRANT CAPITAL GROUP LLC | 4.6K +3.5K (+302.7%) | 97.4K +77.8K (+397.4%) | 0.02% +0.016 pp | 0.00% +0.002 pp | USD20.17 +5.0% | 24 qtrs — |
| 94 | NEW YORK STATE COMMON RETIREMENT FUND | 3.6K -4.1K (-53.4%) | 75.7K -55.9K (-42.5%) | 0.02% -0.019 pp | 0.00% 0.000 pp | USD27.93 -24.2% | 38 qtrs — |
| 95 | GREAT WEST LIFE ASSURANCE CO /CAN/ | 2.0K +503.0 (+33.1%) | 43.0K +17.0K (+65.4%) | 0.01% +0.002 pp | 0.00% +0.000 pp | USD24.33 -13.0% | 35 qtrs — |
| 96 | TOWER RESEARCH CAPITAL LLC (TRC) | 1.9K +1.1K (+128.0%) | 41.3K +26.6K (+181.5%) | 0.01% +0.005 pp | 0.00% +0.001 pp | USD22.30 -5.1% | 23 qtrs — |
| 97 | CENTRAL TRUST CO | 1.9K +— (+0.0%) | 39.8K +7.6K (+23.5%) | 0.01% +0.000 pp | 0.00% +0.000 pp | USD25.34 -16.5% | 38 qtrs — |
| 98 | LEGAL & GENERAL GROUP PLC | 1.9K +— (+0.0%) | 39.5K +7.5K (+23.5%) | 0.01% +0.000 pp | 0.00% +0.000 pp | USD23.19 -8.7% | 37 qtrs — |
| 99 | VERSANT CAPITAL MANAGEMENT, INC | 1.9K -134.0 (-6.7%) | 39.3K +5.2K (+15.2%) | 0.01% -0.001 pp | 0.00% +0.000 pp | USD17.38 +21.8% | 5 qtrs — |
| 100 | US BANCORP \DE\ | 1.7K +261.0 (+18.3%) | 35.7K +11.3K (+46.1%) | 0.01% +0.001 pp | 0.00% +0.000 pp | USD21.25 -0.4% | 35 qtrs — |
ETF Ownership
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | ProShares - Russell 2000 Dividend Growers ETF SMDV | 0.99% | 6.85M | 0.40% |
| 2 | iShares US Small Cap Value Factor ETF SVAL | 0.54% | 1.07M | 0.20% |
| 3 | Royce Quant Small-Cap Quality Value ETF SQLV | 0.42% | 121.6K | 0.60% |
| 4 | First Trust NASDAQ ABA Community Bank Index Fund QABA | 0.26% | 231.5K | 0.63% |
| 5 | Vanguard U.S. Multifactor ETF VFMF | 0.17% | 1.07M | 0.18% |
| 6 | Federated Hermes MDT Small Cap Core ETF FSCC | 0.14% | 235.8K | 0.51% |
| 7 | iShares Micro-Cap ETF IWC | 0.14% | 2.01M | 0.60% |
| 8 | First Trust Active Factor Small Cap ETF AFSM | 0.13% | 144.9K | 0.75% |
| 9 | EA Bridgeway Omni Small-Cap Value ETF BSVO | 0.12% | 2.04M | 0.47% |
| 10 | State Street SPDR S&P Regional Banking ETF KRE | 0.11% | 5.43M | 0.35% |
Insider Activity
| Date | Person | Role | Transaction | A/D | Security | Shares | Price | Value | Owned after | D/I | Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026-03-31 | Smith Jeffrey C. | Director | A-Award | A | Common Share Equivalent | 300 | 0.00 | — | 8,720 | D | ↗ |
| 2026-03-31 | Schultz Robert F. | Director | A-Award | A | Common Share Equivalent | 8 | 0.00 | — | 106,551 | D | ↗ |
| 2026-03-31 | Ramos Richard T | Director | A-Award | A | Common Share Equivalent | 705 | 0.00 | — | 46,340 | D | ↗ |
| 2026-03-31 | McDonnell Jeffrey M | Director | A-Award | A | Common Share Equivalents | 388 | 0.00 | — | 18,778 | D | ↗ |
| 2026-03-31 | McDaniel Jerry L. | Director | A-Award | A | Common Share Equivalent | 544 | 0.00 | — | 37,533 | D | ↗ |
| 2026-03-31 | Ludwig Jeffrey G. | Director / Officer | A-Award | A | Common Stock | 1,312 | 19.05 | 25.0K | 400,971 | D | ↗ |
| 2026-03-31 | Jameson Jeremy Andrew | Officer | A-Award | A | Common Stock | 751 | 19.05 | 14.3K | 64,634 | D | ↗ |
| 2026-03-31 | Franklin Travis | Director | A-Award | A | Common Share Equivalent | 129 | 22.65 | 2.9K | 9,354 | D | ↗ |
| 2026-03-31 | DiMotta Jennifer | Director | A-Award | A | Common Share Equivalent | 227 | 0.00 | — | 11,195 | D | ↗ |
| 2026-03-31 | Carlson Gerald Joseph | Director | A-Award | A | Common Share Equivalent | 147 | 0.00 | — | 10,668 | D | ↗ |
| 2026-03-31 | Bingham Richard Dean | Director | A-Award | A | Common Share Equivalent | 448 | 0.00 | — | 22,736 | D | ↗ |
| 2026-03-05 | Stack Claire Ann | Officer | — | — | Common Stock | 0 | 0.00 | — | 1,641 | D | ↗ |
| 2026-02-03 | Deutsch James F. | Director | — | — | Common Stock | 0 | 0.00 | — | 438,500 | I | ↗ |
| 2026-01-28 | Mooney Kyle Owen | Officer | S-Sale | D | Common Stock | 2,808 | 22.67 | 63.7K | 14,207 | D | ↗ |
| 2025-12-31 | Smith Jeffrey C. | Director | A-Award | A | Common Share Equivalent | 412 | 0.00 | — | 8,083 | D | ↗ |
| 2025-12-31 | Schultz Robert F. | Director | A-Award | A | Common Share Equivalent | 8 | 0.00 | — | 106,544 | D | ↗ |
| 2025-12-31 | Ramos Richard T | Director | A-Award | A | Common Share Equivalent | 982 | 0.00 | — | 45,635 | D | ↗ |
| 2025-12-31 | McDonnell Jeffrey M | Director | A-Award | A | Common Share Equivalents | 530 | 0.00 | — | 17,847 | D | ↗ |
| 2025-12-31 | McDaniel Jerry L. | Director | A-Award | A | Common Share Equivalent | 758 | 0.00 | — | 36,989 | D | ↗ |
| 2025-12-31 | Jameson Jeremy Andrew | Officer | A-Award | A | Common Stock | 471 | 15.13 | 7.1K | 63,883 | D | ↗ |
| 2025-12-31 | Franklin Travis | Director | A-Award | A | Common Share Equivalent | 168 | 22.65 | 3.8K | 8,658 | D | ↗ |
| 2025-12-31 | DiMotta Jennifer | Director | A-Award | A | Common Share Equivalent | 316 | 0.00 | — | 10,968 | D | ↗ |
| 2025-12-31 | Carlson Gerald Joseph | Director | A-Award | A | Common Share Equivalent | 190 | 0.00 | — | 9,813 | D | ↗ |
| 2025-12-31 | Bingham Richard Dean | Director | A-Award | A | Common Share Equivalent | 610 | 0.00 | — | 21,544 | D | ↗ |
| 2025-12-03 | Smith Jeffrey C. | Director | P-Purchase | A | Common Stock | 500 | 17.69 | 8.8K | 34,109 | D | ↗ |
| 2025-12-03 | Jameson Jeremy Andrew | Officer | P-Purchase | A | Common Stock | 5,598 | 17.69 | 99.0K | 63,412 | D | ↗ |
| 2025-12-03 | Casey Daniel Edward | Officer | P-Purchase | A | Common Stock | 3,000 | 17.64 | 52.9K | 28,254 | D | ↗ |
| 2025-12-03 | Bingham Richard Dean | Director | P-Purchase | A | Common Stock | 5,000 | 17.56 | 87.8K | 27,700 | D | ↗ |
| 2025-12-02 | Mooney Kyle Owen | Officer | — | — | Common Stock | 0 | 0.00 | — | 17,015 | D | ↗ |
| 2025-11-07 | Spring Donald J. | Officer | F-InKind | D | Common Stock | 140 | 16.01 | 2.2K | 9,082 | D | ↗ |
| 2025-11-07 | Mefford Jeffrey S. | Officer | F-InKind | D | Common Stock | 894 | 16.01 | 14.3K | 77,211 | D | ↗ |
| 2025-11-07 | Lemke Eric | Officer | F-InKind | D | Common Stock | 573 | 16.01 | 9.2K | 42,119 | D | ↗ |
| 2025-11-07 | Jameson Jeremy Andrew | Officer | F-InKind | D | Common Stock | 170 | 16.01 | 2.7K | 57,814 | D | ↗ |
| 2025-11-07 | Casey Daniel Edward | Officer | F-InKind | D | Common Stock | 395 | 16.01 | 6.3K | 23,254 | D | ↗ |
| 2025-11-06 | Spring Donald J. | Officer | F-InKind | D | Common Stock | 164 | 15.97 | 2.6K | 9,222 | D | ↗ |
| 2025-11-06 | Mefford Jeffrey S. | Officer | F-InKind | D | Common Stock | 954 | 15.97 | 15.2K | 78,105 | D | ↗ |
| 2025-11-06 | Lemke Eric | Officer | F-InKind | D | Common Stock | 641 | 15.97 | 10.2K | 42,692 | D | ↗ |
| 2025-11-06 | Casey Daniel Edward | Officer | F-InKind | D | Common Stock | 463 | 15.97 | 7.4K | 23,649 | D | ↗ |
| 2025-11-03 | Spring Donald J. | Officer | A-Award | A | Common Stock | 4,000 | 14.64 | 58.6K | 9,386 | D | ↗ |
| 2025-11-03 | Mefford Jeffrey S. | Officer | A-Award | A | Common Stock | 23,310 | 14.64 | 341.3K | 79,059 | D | ↗ |
| 2025-11-03 | Ludwig Jeffrey G. | Director / Officer | A-Award | A | Common Stock | 38,410 | 14.64 | 562.3K | 399,659 | D | ↗ |
| 2025-11-03 | Lemke Eric | Officer | A-Award | A | Common Stock | 14,940 | 14.64 | 218.7K | 43,333 | D | ↗ |
| 2025-11-03 | Jameson Jeremy Andrew | Officer | A-Award | A | Common Stock | 23,310 | 14.64 | 341.3K | 57,984 | D | ↗ |
| 2025-11-03 | Casey Daniel Edward | Officer | A-Award | A | Common Stock | 10,760 | 14.64 | 157.5K | 24,112 | D | ↗ |
| 2025-11-01 | Spring Donald J. | Officer | F-InKind | D | Common Stock | 199 | 14.64 | 2.9K | 5,386 | D | ↗ |
| 2025-11-01 | Mefford Jeffrey S. | Officer | F-InKind | D | Common Stock | 742 | 14.64 | 10.9K | 55,749 | D | ↗ |
| 2025-11-01 | Lemke Eric | Officer | F-InKind | D | Common Stock | 472 | 14.64 | 6.9K | 28,393 | D | ↗ |
| 2025-10-31 | Spring Donald J. | Officer | F-InKind | D | Common Stock | 114 | 14.64 | 1.7K | 5,585 | D | ↗ |
| 2025-10-31 | Mefford Jeffrey S. | Officer | F-InKind | D | Common Stock | 445 | 14.64 | 6.5K | 56,491 | D | ↗ |
| 2025-10-31 | Lemke Eric | Officer | F-InKind | D | Common Stock | 294 | 14.64 | 4.3K | 28,865 | D | ↗ |
| 2025-09-30 | Smith Jeffrey C. | Director | A-Award | A | Common Share Equivalent | 416 | 0.00 | — | 7,302 | D | ↗ |
| 2025-09-30 | Schultz Robert F. | Director | A-Award | A | Common Share Equivalent | 10 | 0.00 | — | 102,237 | D | ↗ |
| 2025-09-30 | Ramos Richard T | Director | A-Award | A | Common Share Equivalent | 899 | 0.00 | — | 44,652 | D | ↗ |
| 2025-09-30 | McDonnell Jeffrey M | Director | A-Award | A | Common Share Equivalents | 671 | 0.00 | — | 16,844 | D | ↗ |
| 2025-09-30 | McDaniel Jerry L. | Director | A-Award | A | Common Share Equivalent | 693 | 0.00 | — | 36,231 | D | ↗ |
| 2025-09-30 | Franklin Travis | Director | A-Award | A | Common Share Equivalent | 141 | 22.65 | 3.2K | 8,490 | D | ↗ |
| 2025-09-30 | DiMotta Jennifer | Director | A-Award | A | Common Share Equivalent | 290 | 0.00 | — | 10,652 | D | ↗ |
| 2025-09-30 | Carlson Gerald Joseph | Director | A-Award | A | Common Share Equivalent | 875 | 0.00 | — | 9,464 | D | ↗ |
| 2025-09-30 | Bingham Richard Dean | Director | A-Award | A | Common Share Equivalent | 919 | 0.00 | — | 20,934 | D | ↗ |
| 2025-09-02 | Jameson Jeremy Andrew | Officer | — | — | Common Stock | 0 | 0.00 | — | 34,674 | D | ↗ |
| 2025-08-05 | Spring Donald J. | Officer | D-Return | D | Common Stock | 53 | 16.71 | 885.63 | 5,699 | D | ↗ |
| 2025-06-30 | Smith Jeffrey C. | Director | A-Award | A | Restricted Stock Unit | 3,010 | 0.00 | — | 13,126 | D | ↗ |
| 2025-06-30 | Schultz Robert F. | Director | A-Award | A | Common Share Equivalent | 10 | 0.00 | — | 102,227 | D | ↗ |
| 2025-06-30 | Ramos Richard T | Director | A-Award | A | Common Stock | 2,598 | 17.32 | 45.0K | 20,103 | D | ↗ |
| 2025-06-30 | McDonnell Jeffrey M | Director | A-Award | A | Restricted Stock Unit | 3,262 | 0.00 | — | 9,455 | D | ↗ |
| 2025-06-30 | McDaniel Jerry L. | Director | A-Award | A | Common Stock | 2,598 | 17.32 | 45.0K | 8,258 | D | ↗ |
| 2025-06-30 | Ludwig Jeffrey G. | Director / Officer | A-Award | A | Common Stock | 1,615 | 15.48 | 25.0K | 361,249 | D | ↗ |
| 2025-06-30 | DiMotta Jennifer | Director | A-Award | A | Common Stock | 2,598 | 17.32 | 45.0K | 6,799 | D | ↗ |
| 2025-06-30 | Carlson Gerald Joseph | Director | A-Award | A | Common Share Equivalent | 87 | 0.00 | — | 5,124 | D | ↗ |
| 2025-06-30 | Bingham Richard Dean | Director | A-Award | A | Restricted Stock Unit | 3,508 | 0.00 | — | 9,879 | D | ↗ |
| 2025-05-01 | Casey Daniel Edward | Officer | F-InKind | D | Common Stock | 217 | 17.62 | 3.8K | 13,352 | D | ↗ |
| 2023-10-31 | Mooney Kyle Owen | Officer | — | — | Option (right to buy) | 5,678 | 28.43 | 161.4K | 0 | D | ↗ |
| 2017-11-16 | Mooney Kyle Owen | Officer | — | — | Option (right to buy) | 1,198 | 28.59 | 34.3K | 0 | D | ↗ |
Executive team
Executive compensation
| # | Year | Executive | Salary | Bonus | Stock award | Option award | Incentive | Other | Total | % Stock- based |
Filing |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 2025 | Jeffrey G. Ludwig President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | 749.8K | — | 562.3K | — | 195.0K | 25.2K | 1.53M | 36.70% | ↗ |
| 2 | 2025 | Jeremy A. Jameson Executive Vice President and Chief Credit Officer of the Bank | 456.4K | — | 841.3K | — | 118.7K | 11.5K | 1.43M | 58.92% | ↗ |
| 3 | 2025 | Jeffrey S. Mefford Executive Vice President of the Company and President of the Bank | 525.0K | — | 341.3K | — | 126.0K | 23.6K | 1.02M | 33.59% | ↗ |
| 4 | 2025 | Eric T. Lemke Senior Vice President and Chief Financial Officer of the Company and the Bank | 437.4K | — | 218.7K | — | 70.0K | 16.1K | 742.2K | 29.47% | ↗ |
| 5 | 2025 | Daniel E. Casey Executive Vice President and Chief Risk Officer of the Bank | 340.6K | — | 157.5K | — | 54.5K | 11.6K | 564.3K | 27.92% | ↗ |
| 6 | 2024 | Jeffrey G. Ludwig President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | 749.8K | — | 562.3K | — | 130.2K | 23.9K | 1.47M | 38.35% | ↗ |
| 7 | 2024 | Jeffrey S. Mefford Executive Vice President of the Company and President of the Bank | 525.0K | — | 341.1K | — | 82.2K | 22.3K | 970.6K | 35.14% | ↗ |
| 8 | 2024 | Eric T. Lemke Senior Vice President and Chief Financial Officer of the Company and the Bank | 437.4K | — | 218.6K | — | 46.3K | 15.8K | 718.1K | 30.45% | ↗ |
| 9 | 2024 | Daniel E. Casey Executive Vice President and Chief Risk Officer of the Bank | 334.8K | — | 150.7K | — | 35.9K | 10.5K | 531.9K | 28.33% | ↗ |
| 10 | 2023 | Jeffrey G. Ludwig President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank | 721.0K | — | 540.8K | — | 348.7K | 23.3K | 1.63M | 33.10% | ↗ |
| 11 | 2023 | Jeffrey S. Mefford Executive Vice President of the Company and President of the Bank | 463.6K | — | 401.2K | — | 206.9K | 21.5K | 1.09M | 36.70% | ↗ |
| 12 | 2023 | Eric T. Lemke Senior Vice President and Chief Financial Officer of the Company and the Bank | 405.0K | — | 202.5K | — | 119.9K | 14.8K | 742.2K | 27.28% | ↗ |
| 13 | 2023 | Daniel E. Casey Executive Vice President and Chief Risk Officer of the Bank | 206.3K | — | 196.2K | — | 61.9K | 6.3K | 470.7K | 41.69% | ↗ |
| 14 | 2022 | Jeffrey G. Ludwig President and Chief Executive Officer | 700.0K | — | 262.5K | 257.1K | 535.8K | 22.4K | 1.78M | 29.23% | ↗ |
| 15 | 2022 | Jeffrey S. Mefford President of the Bank | 450.0K | — | 146.2K | 143.2K | 318.1K | 20.7K | 1.08M | 26.84% | ↗ |
| 16 | 2022 | Eric T. Lemke Chief Financial Officer | 385.0K | — | 96.3K | 94.3K | 183.3K | 13.6K | 772.4K | 24.66% | ↗ |
| 17 | 2022 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 380.0K | — | 95.0K | 93.0K | 181.4K | 9.2K | 758.6K | 24.79% | ↗ |
| 18 | 2022 | James R. Stewart Senior Vice President and Chief Risk Officer | 346.0K | — | 86.5K | 84.7K | 165.3K | 9.2K | 691.7K | 24.75% | ↗ |
| 19 | 2021 | Jeffrey G. Ludwig President and Chief Executive Officer | 572.0K | — | 372.5K | — | 615.1K | 21.5K | 1.58M | 23.56% | ↗ |
| 20 | 2021 | Jeffrey S. Mefford President of the Bank | 400.0K | — | 220.4K | — | 397.1K | 19.4K | 1.04M | 21.26% | ↗ |
| 21 | 2021 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 354.3K | — | 159.8K | — | 234.5K | 8.7K | 757.3K | 21.10% | ↗ |
| 22 | 2021 | Eric T. Lemke Chief Financial Officer | 350.0K | — | 140.3K | — | 223.6K | 21.6K | 735.5K | 19.07% | ↗ |
| 23 | 2021 | James R. Stewart Senior Vice President and Chief Risk Officer | 324.5K | — | 146.3K | — | 214.7K | 8.7K | 694.2K | 21.07% | ↗ |
| 24 | 2020 | Jeffrey G. Ludwig President and Chief Executive Officer | 572.0K | — | 194.4K | — | 241.7K | 19.2K | 1.03M | 18.92% | ↗ |
| 25 | 2020 | Jeffrey G. Ludwig President and Chief Executive Officer | 572.0K | — | 194.4K | — | 241.7K | 19.2K | 1.03M | 18.92% | ↗ |
| 26 | 2020 | Jeffrey S. Mefford Executive Vice President and President of the Bank | 400.0K | — | 115.0K | — | 154.2K | 19.8K | 689.1K | 16.69% | ↗ |
| 27 | 2020 | Jeffrey S. Mefford President of the Bank | 400.0K | — | 115.0K | — | 154.2K | 19.8K | 689.1K | 16.69% | ↗ |
| 28 | 2020 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 354.3K | — | 83.4K | — | 92.1K | 8.6K | 538.6K | 15.48% | ↗ |
| 29 | 2020 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 354.3K | — | 83.4K | — | 92.1K | 8.6K | 538.4K | 15.49% | ↗ |
| 30 | 2020 | James R. Stewart Senior Vice President and Chief Risk Officer of the Bank | 324.5K | — | 76.4K | — | 84.4K | 8.6K | 493.7K | 15.46% | ↗ |
| 31 | 2020 | James R. Stewart Senior Vice President and Chief Risk Officer | 324.5K | — | 76.4K | — | 84.4K | 8.6K | 493.7K | 15.46% | ↗ |
| 32 | 2020 | Eric T. Lemke Chief Financial Officer | 305.0K | — | 63.8K | — | 79.3K | 19.1K | 467.1K | 13.66% | ↗ |
| 33 | 2020 | Eric T. Lemke Chief Financial Officer | 305.0K | — | 63.8K | — | 79.3K | 19.1K | 467.1K | 13.66% | ↗ |
| 34 | 2019 | Jeffrey G. Ludwig President and Chief Executive Officer | 572.0K | — | 372.5K | — | 392.6K | 16.9K | 1.35M | 27.51% | ↗ |
| 35 | 2019 | Jeffrey G. Ludwig President and Chief Executive Officer | 572.0K | — | 372.5K | — | 392.6K | 16.9K | 1.35M | 27.51% | ↗ |
| 36 | 2019 | Jeffrey S. Mefford President of the Bank | 400.0K | — | 220.4K | — | 253.4K | 16.7K | 890.5K | 24.75% | ↗ |
| 37 | 2019 | Jeffrey S. Mefford Executive Vice President and President of the Bank | 400.0K | — | 220.4K | — | 253.4K | 16.7K | 890.5K | 24.75% | ↗ |
| 38 | 2019 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 351.5K | — | 159.8K | — | 149.7K | 8.4K | 668.2K | 23.91% | ↗ |
| 39 | 2019 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 351.5K | — | 159.8K | — | 149.7K | 8.4K | 668.2K | 23.91% | ↗ |
| 40 | 2019 | James R. Stewart Senior Vice President and Chief Risk Officer of the Bank | 321.9K | — | 146.3K | — | 137.0K | 8.4K | 612.6K | 23.88% | ↗ |
| 41 | 2019 | James R. Stewart Senior Vice President and Chief Risk Officer | 321.9K | — | 146.3K | — | 137.0K | 8.4K | 612.6K | 23.88% | ↗ |
| 42 | 2019 | Donald J. Spring | 218.4K | — | 150.1K | — | 69.2K | 8.4K | 446.0K | 33.65% | ↗ |
| 43 | 2019 | Eric T. Lemke Chief Financial Officer | 179.7K | — | 122.2K | — | 37.9K | 6.7K | 346.6K | 35.27% | ↗ |
| 44 | 2019 | Eric T. Lemke Chief Financial Officer | 179.7K | — | 122.2K | — | 37.9K | 6.7K | 346.6K | 35.27% | ↗ |
| 45 | 2019 | Stephen A. Erickson Former Chief Financial Officer | 222.7K | — | — | — | — | 8.4K | 231.1K | 0.00% | ↗ |
| 46 | 2018 | Leon J. Holschbach Chief Executive Officer | 596.0K | 75.0K | — | — | 267.0K | 23.6K | 1.24M | 0.00% | ↗ |
| 47 | 2018 | Jeffrey G. Ludwig President and Chief Executive Officer | 472.0K | 50.0K | 306.8K | — | 181.2K | 18.2K | 1.03M | 29.84% | ↗ |
| 48 | 2018 | Jeffrey G. Ludwig President and former Chief Financial Officer | 472.0K | 50.0K | 306.8K | — | 181.2K | 18.2K | 1.03M | 29.84% | ↗ |
| 49 | 2018 | Jeffrey S. Mefford President of the Bank | 344.0K | 25.0K | 189.2K | — | 110.1K | 18.1K | 686.4K | 27.57% | ↗ |
| 50 | 2018 | Jeffrey S. Mefford Executive Vice President and President of the Bank | 344.0K | 25.0K | 189.2K | — | 110.1K | 18.1K | 686.4K | 27.57% | ↗ |
| 51 | 2018 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 344.0K | 25.0K | 154.8K | — | 88.1K | 8.3K | 620.1K | 24.96% | ↗ |
| 52 | 2018 | James R. Stewart Senior Vice President and Chief Risk Officer of the Bank | 315.0K | 15.0K | 141.7K | — | 80.6K | 8.3K | 560.6K | 25.28% | ↗ |
| 53 | 2018 | James R. Stewart Chief Risk Officer of the Bank | 315.0K | 15.0K | 141.7K | — | 80.6K | 8.3K | 560.6K | 25.28% | ↗ |
| 54 | 2018 | Stephen A. Erickson Former Chief Financial Officer | 302.1K | 25.0K | 130.0K | — | 77.3K | 11.2K | 545.7K | 23.82% | ↗ |
| 55 | 2018 | Stephen A. Erickson Former Chief Financial Officer | 302.1K | 25.0K | 130.0K | — | 77.3K | 11.2K | 545.7K | 23.82% | ↗ |
| 56 | 2017 | Leon J. Holschbach Chief Executive Officer | 546.7K | — | 397.5K | — | 273.4K | 23.4K | 1.45M | 27.32% | ↗ |
| 57 | 2017 | Jeffrey G. Ludwig President and former Chief Financial Officer | 405.3K | — | 216.1K | — | 182.4K | 18.0K | 821.7K | 26.30% | ↗ |
| 58 | 2017 | Jeffrey G. Ludwig President | 405.3K | 182.4K | 216.1K | — | — | 18.0K | 821.7K | 26.30% | ↗ |
| 59 | 2017 | Jeffrey G. Ludwig President and Chief Executive Officer | 405.3K | — | 216.1K | — | 182.4K | 18.0K | 821.7K | 26.30% | ↗ |
| 60 | 2017 | Jeffrey S. Mefford Executive Vice President and President of the Bank | 314.3K | 25.0K | 152.4K | — | 125.7K | 15.5K | 632.9K | 24.07% | ↗ |
| 61 | 2017 | Jeffrey S. Mefford President of the Bank | 314.3K | 25.0K | 152.4K | — | 125.7K | 15.5K | 632.9K | 24.07% | ↗ |
| 62 | 2017 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 318.1K | 25.0K | 138.8K | — | 111.3K | 8.1K | 601.3K | 23.08% | ↗ |
| 63 | 2017 | James R. Stewart Chief Risk Officer of the Bank | 266.7K | 15.0K | 116.4K | — | 93.4K | 8.1K | 499.5K | 23.29% | ↗ |
| 64 | 2017 | James R. Stewart Senior Vice President and Chief Risk Officer of the Bank | 266.7K | 15.0K | 116.4K | — | 93.4K | 8.1K | 499.5K | 23.29% | ↗ |
| 65 | 2016 | Leon J. Holschbach Chief Executive Officer and President | 532.0K | 295.8K | 201.5K | — | — | 243.3K | 1.27M | 15.83% | ↗ |
| 66 | 2016 | Leon J. Holschbach Chief Executive Officer | 532.0K | — | 201.5K | — | 295.8K | 24.3K | 1.27M | 15.83% | ↗ |
| 67 | 2016 | Jeffrey G. Ludwig Executive Vice President (and Chief Financial Officer prior to November 2016) | 395.0K | 197.7K | 101.4K | 22.6K | — | 17.6K | 734.4K | 16.89% | ↗ |
| 68 | 2016 | Jeffrey G. Ludwig President and former Chief Financial Officer | 395.0K | — | 101.4K | 22.6K | 197.7K | 17.6K | 734.4K | 16.89% | ↗ |
| 69 | 2016 | Jeffrey G. Ludwig President | 395.0K | 197.7K | 101.4K | 22.6K | — | 17.6K | 734.4K | 16.89% | ↗ |
| 70 | 2016 | Jeffrey S. Mefford President of the Bank | 306.4K | — | 64.6K | — | 139.7K | 8.4K | 533.5K | 12.11% | ↗ |
| 71 | 2016 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 314.9K | — | 65.4K | 14.6K | 125.7K | 7.8K | 528.3K | 15.13% | ↗ |
| 72 | 2016 | James R. Stewart Chief Risk Officer of the Bank | 259.5K | — | 54.8K | 12.2K | 103.5K | 7.8K | 437.9K | 15.31% | ↗ |
| 73 | 2016 | Kevin L. Thompson | 38.3K | 160.0K | 67.2K | 15.0K | — | 1.2K | 281.6K | 29.19% | ↗ |
| 74 | 2015 | Leon J. Holschbach Chief Executive Officer and President | 529.4K | 255.4K | 174.7K | — | — | 23.7K | 983.2K | 17.77% | ↗ |
| 75 | 2015 | Jeffrey G. Ludwig Executive Vice President (and Chief Financial Officer prior to November 2016) | 367.5K | 141.9K | 61.7K | 43.3K | — | 17.6K | 632.0K | 16.63% | ↗ |
| 76 | 2015 | Douglas J. Tucker Senior Vice President and Corporate Counsel | 308.0K | 110.8K | 42.5K | 29.8K | — | 7.8K | 499.0K | 14.50% | ↗ |
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Jeffrey G. Ludwig | President, Chief Executive Officer & Vice Chairman | 904.0K | male |
| Jeffrey S. Mefford | Executive Vice President | 629.5K | male |
| Eric T. Lemke | Chief Financial Officer | 499.5K | male |
| Daniel E. Casey | EVP & Chief Risk Officer of Midland States Bank | 381.2K | male |
| Donald J. Spring | Chief Accounting Officer & Corporate Controller | 296.0K | male |
| Danny Leon Stevenson | Executive Vice President of Consumer Banking and Wealth Management | — | male |
| Jeremy Jameson | EVP & Chief Credit Officer of Midland States Bank | — | male |
| Kyle Mooney | Chief Information Officer | — | male |
| Ryan Lee Lange | Chief Investment Officer of Midland Wealth Management | — | male |
| Shonna Kracinski | Director of Human Resources | — | — |
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Community Opinion for MSBI
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.

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