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Midland States BancorpMSBI +1.17%52 Debt-to-Equity is 0.50 as of Jun. 2026, which is 45% below its 10-year median of 0.91. GuruFocus rates MSBI with a GF Score™ of 52/100 and a GF Value™ of $19.32 (Significantly Overvalued). The stock has 5 warning signs investors should review. Among 1,421 Banks companies, Midland States Bancorp ranks better than 53.98% on this metric.
A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.
The historical rank and industry rank for Midland States Bancorp's Debt-to-Equity or its related term are showing as below:
MSBI'
s Debt-to-Equity Range Over the Past 10 Years
Min: 0.44 Med: 0.91 Max: 1.55
Current: 0.5
During the past 13 years, the highest Debt-to-Equity Ratio of Midland States Bancorp was 1.55. The lowest was 0.44. And the median was 0.91.
MSBI's Debt-to-Equity is ranked better than 53.98% of 1421
companies
in the Banks industry
Industry Median: 0.58
vs MSBI: 0.50
Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.
Midland States Bancorp Debt-to-Equity Related Terms
Midland States Bancorp Debt-to-Equity Historical Data
* Premium members only.
The historical data trend for Midland States Bancorp's Debt-to-Equity can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
MSBI vs THVB, BCAL, ALPIB: Debt-to-Equity Comparison
For the Banks - Regional subindustry, Midland States Bancorp's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Midland States Bancorp Debt-to-Equity vs Banks Industry
For the Banks industry and Financial Services sector, Midland States Bancorp's Debt-to-Equity distribution charts can be found below:
* The bar in red indicates where Midland States Bancorp's Debt-to-Equity falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Midland States Bancorp (MSBI) has a Debt-to-Equity of 0.50 as of Jun. 2026. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Midland States Bancorp and its competitors. This is 45% below median its historical median of 0.91. Over the past decade, Midland States Bancorp's Debt-to-Equity has ranged from 0.44 to 1.55. According to the industry distribution chart, Midland States Bancorp ranks #654 out of 1421 companies in the Banks industry, placing it in the top 46%.
Is Midland States Bancorp's Debt-to-Equity too high?
Midland States Bancorp's current Debt-to-Equity of 0.50 is 45% below median its 10-year median of 0.91. Over the past 10 years, this metric has ranged from a low of 0.44 to a high of 1.55. The Banks industry median Debt-to-Equity is 0.58. Midland States Bancorp's value of 0.50 is 13.8% below this industry median. Based on the distribution chart, Midland States Bancorp ranks #654 out of 1421 companies in the Banks industry, which is above the industry midpoint. Overall, Midland States Bancorp has a GF Score™ of 52/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midland States Bancorp's Debt-to-Equity compare to THVB and BCAL?
According to the Banks industry distribution chart, Midland States Bancorp ranks #654 out of 1421 companies for Debt-to-Equity. This puts Midland States Bancorp in the upper half of its industry. The industry median Debt-to-Equity is 0.58. Midland States Bancorp's value of 0.50 is 13.8% below this benchmark. Historically, Midland States Bancorp's own Debt-to-Equity has ranged from 0.44 to 1.55 over the past decade. While the company's 10-year median is 0.91 vs. the industry median of 0.58, Midland States Bancorp has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-Equity for a Banks company?
The median Debt-to-Equity among Banks companies is 0.58, based on 1,421 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-Equity significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midland States Bancorp's current Debt-to-Equity of 0.50 is 13.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-Equity mean?
A high Debt-to-Equity can signal that a stock is expensive relative to its fundamentals. Debt-to-Equity ratio represents the ratio of total debt to total company equity. View historical data on Midland States Bancorp and its competitors. For the Banks industry, the median Debt-to-Equity is 0.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midland States Bancorp's current Debt-to-Equity is 0.50, which is 45% below median its own 10-year median of 0.91. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Midland States Bancorp stock overvalued right now?
Based on GuruFocus' analysis, Midland States Bancorp (MSBI) is currently considered Significantly Overvalued. The stock's GF Value™ is $19.32, compared to a current price of $33.67 — trading 74.3% above its estimated fair value. The current Debt-to-Equity is 0.50, which is 45% below median its 10-year median of 0.91 and 13.8% below the Banks industry median of 0.58. Midland States Bancorp's overall GF Score™ is 52/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-Equity calculated?
Debt-to-Equity is calculated from a company's financial statements. For Midland States Bancorp (MSBI), the current Debt-to-Equity is 0.50 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Midland States Bancorp (MSBI) Overvalued in 2026?
Based on GuruFocus' analysis, Midland States Bancorp stock appears to be overvalued.
The current stock price of $33.67 is trading 74.3% above its estimated GF Value™ of $19.32.
GuruFocus considers Midland States Bancorp to be Significantly Overvalued.
Key valuation signals for MSBI:
Debt-to-Equity: 0.50 (45% below median its 10-year median of 0.91)
GF Value™: $19.32 vs. price of $33.67 (74.3% above fair value)
Industry Position: 13.8% below the Banks median (#654 of 1421)
No single metric tells the full story. See the MSBI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Midland States Bancorp Inc is a diversified financial holding company. The company provides a full range of commercial and consumer banking products and services, business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services. The Banking segment, which generates the majority of the revenue, provides financial products and services to consumers and businesses, including commercial, commercial real estate, mortgage, and other consumer loan products; commercial equipment financing, etc. The Wealth Management segment consists of trust and fiduciary services, brokerage, and retirement planning services. The Corporate segment includes the holding company's financing and investment activities, administrative expenses.
52GF Score
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