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MSBI (Midland States Bancorp) Tax Rate % : 18.09% (As of Sep. 2024)


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What is Midland States Bancorp Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Midland States Bancorp's Tax Expense for the three months ended in Sep. 2024 was $4.1 Mil. Midland States Bancorp's Pre-Tax Income for the three months ended in Sep. 2024 was $22.6 Mil. Therefore, Midland States Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 was 18.09%.

Midland States Bancorp Tax Rate % Historical Data

The historical data trend for Midland States Bancorp's Tax Rate % 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.

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Midland States Bancorp Tax Rate % Chart

Midland States Bancorp Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 29.60 17.95 23.73 29.85 41.36

Midland States Bancorp Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.72 23.88 19.92 18.09 27.15

Midland States Bancorp Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Midland States Bancorp's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2023 )/Pre-Tax Income (A: Dec. 2023 )
=32.113/107.573
=29.85 %

Midland States Bancorp's Tax Rate % for the quarter that ended in Sep. 2024 is calculated as

Tax Rate %=Tax Expense (Q: Sep. 2024 )/Pre-Tax Income (Q: Sep. 2024 )
=4.08/22.556
=18.09 %

* 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 Tax Rate % Related Terms

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Midland States Bancorp Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Midland States Bancorp Inc (NAS:MSBI) » Definitions » Tax Rate %
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Traded in Other Exchanges
6HU:Germany
Address
1201 Network Centre Drive, Effingham, IL, USA, 62401
Website
https://www.midlandsb.com
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 a wide range of 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 Other segment includes the operating results of the parent company.
Executives
Jeffrey C. Smith director MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Donald J. Spring officer: Chief Accounting Officer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Robert F. Schultz director MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey G. Ludwig officer: EVP & CFO MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Jeffrey M Mcdonnell director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Douglas J. Tucker officer: SVP Corporate Counsel MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Richard Dean Bingham director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey S. Mefford officer: EVP-Banking, Midland States Bank MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Eric Lemke officer: Chief Financial Officer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jerry L. Mcdaniel director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Sherina M. Edwards director 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401
Jeffrey A. Brunoehler officer: SVP Credit - CCO, Midland States Bank MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
John M Schultz director MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Leon J Holschbach director, officer: CEO C/O MIDLAND STATES BANCORP, INC., 133 WEST JEFFERSON AVENUE, EFFINGHAM IL 62401
Stephen A. Erickson officer: Chief Financial Officer 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401