Midland States Bancorp's earnings per share without non-recurring items for the
three
months ended in Mar. 2026 was $0.79.
Its earnings per share without non-recurring items for the trailing twelve months (TTM) ended in Mar. 2026 was $2.00.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the EPS without NRI Growth Rate using Earnings per share without Non-Recurring Items (NRI) data.
The historical rank and industry rank for Midland States Bancorp's EPS without NRI or its related term are showing as below:
During the past 13 years, Midland States Bancorp's highest 3-Year average Earnings Per Share (NRI) Growth Rate was 121.60% per year. The lowest was -16.90% per year. And the median was 15.45% per year.
MSBI's 3-Year EPS without NRI Growth Rate is not ranked *
in the Banks industry.
Industry Median: 7.3 * Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
Midland States Bancorp (NAS:MSBI) EPS without NRI Explanation
EPS without NRI removes onetime and unusual items from EPS, to provide investors with a more accurate measure of the company’s true earnings. The earnings are adjusted for items that are irregular or unusual in nature, and/or are non-recurring. This is calculated using Net Income (Continuing Operations) plus/minus any tax affected unusual Items and Goodwill Impairments/Write Offs. This can be used to fairly measure a company's profitability.
Be Aware
Compared with Earnings per share, a company's cash flow is better indicator of the company's earnings power.
If a company's earnings per share is less than cash flow per share over long term, investors need to be cautious and find out why.
Midland States Bancorp EPS without NRI Related Terms
Midland States Bancorp EPS without NRI Historical Data
* Premium members only.
The historical data trend for Midland States Bancorp's EPS without NRI 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 AMBZ, NPB, BHB: EPS without NRI Comparison
For the Banks - Regional subindustry, Midland States Bancorp's PE Ratio without NRI, along with its competitors' market caps and PE Ratio without NRI 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 PE Ratio without NRI vs Banks Industry
For the Banks industry and Financial Services sector, Midland States Bancorp's PE Ratio without NRI distribution charts can be found below:
* The bar in red indicates where Midland States Bancorp's PE Ratio without NRI falls into.
Midland States Bancorp EPS without NRI Calculation
Earnings Per Share (EPS) is the single most important variable used by Wall Street in determining the earnings power of a company. But investors need to be aware that Earnings per Share can be easily manipulated by adjusting depreciation and amortization rate or non-recurring items. That's why GuruFocus lists EPS without NRI, which better reflects the company's underlying performance.
Earnings Per Share without Non-Recurring Items is the amount of earnings without non-recurring items per outstanding share of the company's stock.
EPS without NRI for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $2.00
* 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 EPS without NRI of $2.00 as of Mar. 2026. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Midland States Bancorp and its competitors. According to the industry distribution chart, Midland States Bancorp ranks #999999 out of 1412 companies in the Banks industry.
Is Midland States Bancorp's EPS without NRI too high?
Midland States Bancorp's current EPS without NRI is $2.00. The Banks industry median EPS without NRI is 7.30. Midland States Bancorp's value of $2.00 is 72.6% below this industry median. Based on the distribution chart, Midland States Bancorp ranks #999999 out of 1412 companies in the Banks industry, which is in the bottom quartile relative to peers. Overall, Midland States Bancorp has a GF Score™ of 58/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Midland States Bancorp's EPS without NRI compare to AMBZ and NPB?
According to the Banks industry distribution chart, Midland States Bancorp ranks #999999 out of 1412 companies for EPS without NRI. This places Midland States Bancorp in the lower half of its industry. The industry median EPS without NRI is 7.30. Midland States Bancorp's value of $2.00 is 72.6% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good EPS without NRI for a Banks company?
The median EPS without NRI among Banks companies is 7.30, based on 1,412 companies in the industry. Companies in the top quartile (top 25%) have a EPS without NRI significantly above this median, while those in the bottom quartile fall well below. However, EPS without NRI should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Midland States Bancorp's current EPS without NRI of $2.00 is 72.6% 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 EPS without NRI mean?
A high EPS without NRI can signal that a stock is expensive relative to its fundamentals. EPS without NRI represents per-share earnings excluding one-time charges. View historical data on Midland States Bancorp and its competitors. For the Banks industry, the median EPS without NRI is 7.30 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Midland States Bancorp's current EPS without NRI is $2.00. 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 $19.09, compared to a current price of $30.35 — trading 59% above its estimated fair value. The current EPS without NRI is $2.00 and 72.6% below the Banks industry median of 7.30. Midland States Bancorp's overall GF Score™ is 58/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is EPS without NRI calculated?
EPS without NRI is calculated from a company's financial statements. For Midland States Bancorp (MSBI), the current EPS without NRI is $2.00 as of Mar. 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 $30.35 is trading 59% above its estimated GF Value™ of $19.09.
GuruFocus considers Midland States Bancorp to be Significantly Overvalued.
Key valuation signals for MSBI:
EPS without NRI: $2.00
GF Value™: $19.09 vs. price of $30.35 (59% above fair value)
Industry Position: 72.6% below the Banks median (#999999 of 1412)
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.
58GF Score
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