MSBI FY 2009 Earnings Report — Midland States Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Midland States Bancorp, Inc.MSBI

FY 2009 Earnings

Reported December 30, 2009

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2009	Prior Q	FY 2008	QoQ Change	YoY Change
Revenue	$93M	—	$26M	—	257.6%
Op. Income	$28M	—	$3M	—	906.9%
Gross Margin	55.4%	—	—	—	—
Net Margin	19.8%	—	8.3%	—	11.6pp
EPS (Diluted)	$1.08	—	$0.14	—	671.4%
Free Cash Flow	$8M	—	$3M	—	144.0%

Revenue Flow

Item	Amount
REVENUE	$93M
Cost of Revenue	$41M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$7M
Operating Expenses	$24M
Cost & Expenses	$65M
OPERATING INCOME	$28M
Interest Income	$49M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$1M
EBIT	$28M
EBITDA	$29M
EPS	$1
EPS Diluted	$1

Income Statement

Item	Amount
REVENUE	$93M
Cost of Revenue	$41M
GROSS PROFIT	$51M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$16M
SG&A Expenses	$16M
Other Expenses	$7M
Operating Expenses	$24M
Cost & Expenses	$65M
OPERATING INCOME	$28M
Interest Income	$49M
Interest Expense	$21M
Other Income/Expenses	$0
INCOME BEFORE TAX	$28M
Income Tax Expense	$9M
Net Income from Continuing Ops	$18M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$18M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$16M
D&A	$1M
EBIT	$28M
EBITDA	$29M
EPS	$1
EPS Diluted	$1

Cash Flow Statement

Item	Amount
Net Income	$18M
Depreciation & Amortization	$1M
Stock-Based Compensation	$131.0K
Deferred Income Tax	$0
Other Non-Cash Items	-$16M
Change in Working Capital	$5M
OPERATING CASH FLOW	$9M
Capital Expenditure	-$1M
Acquisitions (Net)	$53M
Purchases of Investments	-$23M
Sales/Maturities of Investments	$70M
Other Investing Activities	-$59M
NET CASH FROM INVESTING	$39M
Net Debt Issuance	$2M
Common Stock Repurchased	-$20.0K
Common Dividends Paid	-$1M
Other Financing Activities	$1M
NET CASH FROM FINANCING	$23M
FREE CASH FLOW	$8M
Net Change in Cash	$71M

Balance Sheet

Item	Amount
Cash & Equivalents	$84M
Short-Term Investments	$0
Net Receivables	$6M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$90M
PP&E (Net)	$11M
Goodwill	$8M
Intangible Assets	$1M
Long-Term Investments	$913M
Tax Assets	$0
Other Non-Current Assets	$92M
TOTAL NON-CURRENT ASSETS	$1.0B
TOTAL ASSETS	$1.1B
Account Payables	$2M
Short-Term Debt	$90M
Deferred Revenue	$0
Other Current Liabilities	$918M
TOTAL CURRENT LIABILITIES	$1.0B
Long-Term Debt	$11M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$17M
TOTAL NON-CURRENT LIABILITIES	$28M
TOTAL LIABILITIES	$1.0B
Common Stock	$1M
Additional Paid-In Capital	$8M
Retained Earnings	$50M
Treasury Stock	-$7M
Accum. Other Comp. Income	-$3M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$73M
Minority Interest	$0
TOTAL EQUITY	$73M
TOTAL LIABILITIES & EQUITY	$1.1B
Total Debt	$101M
Net Debt	$18M