MSBI FY 2016 Earnings Report — Midland States Bancorp, Inc. Revenue & Financial Results | Market Cap Arena

Midland States Bancorp, Inc.MSBI

FY 2016 Earnings

Reported March 10, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$191M	—	$174M	—	9.8%
Op. Income	$50M	—	$35M	—	42.0%
Gross Margin	88.7%	—	86.2%	—	2.5pp
Net Margin	16.5%	—	14.0%	—	2.5pp
EPS (Diluted)	$2.17	—	$1.63	—	33.1%
Free Cash Flow	$22M	—	$68M	—	-67.5%

Revenue Flow

Item	Amount
REVENUE	$191M
Cost of Revenue	$22M
GROSS PROFIT	$170M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$68M
SG&A Expenses	$71M
Other Expenses	$49M
Operating Expenses	$119M
Cost & Expenses	$141M
OPERATING INCOME	$50M
Interest Income	$121M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$19M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$31M
D&A	$13M
EBIT	$50M
EBITDA	$64M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$191M
Cost of Revenue	$22M
GROSS PROFIT	$170M
R&D Expenses	$0
Selling & Marketing	$3M
General & Administrative	$68M
SG&A Expenses	$71M
Other Expenses	$49M
Operating Expenses	$119M
Cost & Expenses	$141M
OPERATING INCOME	$50M
Interest Income	$121M
Interest Expense	$0
Other Income/Expenses	$0
INCOME BEFORE TAX	$50M
Income Tax Expense	$19M
Net Income from Continuing Ops	$32M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$32M
Net Income Deductions	-$2.0K
BOTTOM LINE NET INCOME	$31M
D&A	$13M
EBIT	$50M
EBITDA	$64M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$32M
Depreciation & Amortization	$13M
Stock-Based Compensation	$492.0K
Deferred Income Tax	$15M
Other Non-Cash Items	-$32M
Change in Working Capital	-$4M
OPERATING CASH FLOW	$24M
Capital Expenditure	-$2M
Acquisitions (Net)	-$5M
Purchases of Investments	-$205M
Sales/Maturities of Investments	$202M
Other Investing Activities	-$348M
NET CASH FROM INVESTING	-$359M
Net Debt Issuance	$214M
Common Stock Repurchased	$0
Common Dividends Paid	-$10M
Other Financing Activities	$38M
NET CASH FROM FINANCING	$313M
FREE CASH FLOW	$22M
Net Change in Cash	-$22M

Balance Sheet

Item	Amount
Cash & Equivalents	$190M
Short-Term Investments	$247M
Net Receivables	$206M
Inventory	$0
Other Current Assets	-$861.0K
TOTAL CURRENT ASSETS	$641M
PP&E (Net)	$67M
Goodwill	$49M
Intangible Assets	$75M
Long-Term Investments	$2.3B
Tax Assets	$0
Other Non-Current Assets	$119M
TOTAL NON-CURRENT ASSETS	$2.6B
TOTAL ASSETS	$3.2B
Account Payables	$1M
Short-Term Debt	$132M
Deferred Revenue	$0
Other Current Liabilities	$2.4B
TOTAL CURRENT LIABILITIES	$2.5B
Long-Term Debt	$292M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$73M
TOTAL NON-CURRENT LIABILITIES	$374M
TOTAL LIABILITIES	$2.9B
Common Stock	$155.0K
Additional Paid-In Capital	$210M
Retained Earnings	$113M
Treasury Stock	$0
Accum. Other Comp. Income	-$610.0K
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$322M
Minority Interest	$38.0K
TOTAL EQUITY	$322M
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$424M
Net Debt	$234M