Midland States Bancorp (MSBI) Research & Development (2015 - 2026)
Midland States Bancorp (MSBI) recorded quarterly Research & Development of $7.1 million in Q1 2026, up 3.38% quarter-over-quarter from $6.8 million in Q4 2025, and up 2.11% on a YoY basis from $6.9 million in Q1 2025.
Midland States Bancorp (MSBI) Research & Development (2015 - 2026) Analysis & Trends
Midland States Bancorp's Research & Development history runs 12 years deep, the most recent figure standing at $7.1 million for Q1 2026.
- In Q1 2026, Research & Development rose 2.11% year-over-year to $7.1 million; the TTM figure through Mar 2026 stood at $28.1 million (down 0.84% YoY), while the FY2025 annual figure was $28.0 million, down 0.66% from the prior year.
- Research & Development was $7.1 million for Q1 2026 at Midland States Bancorp, up from $6.8 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $7.3 million in Q4 2024 to a low of $5.9 million in Q1 2022.
- Historically, Research & Development has averaged $6.7 million across 5 years, with a median of $6.8 million in 2025.
- The sharpest annual moves came in 2022 and 2023: Research & Development slipped 6.19% in 2022, then increased 10.49% in 2023.
- A 5-year view of Research & Development shows it stood at $6.3 million in 2022, then gained by 10.49% to $7.0 million in 2023, then rose by 4.52% to $7.3 million in 2024, then retreated by 6.1% to $6.8 million in 2025, then advanced by 3.38% to $7.1 million in 2026.
- The last three Research & Development figures came in at $7.1 million (Q1 2026), $6.8 million (Q4 2025), and $7.2 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 97,765.53 Bn | 97,765.53 Bn | - | - |
| 2 | Bank Bradesco | 6,846.93 Bn | 6,830.99 Bn | - | - |
| 3 | Lloyds Banking | 384.13 Bn | 384.40 Bn | - | - |
| 4 | First Capital | 215.78 Bn | 215.63 Bn | - | 1.10 Mn |
| 5 | Itau Unibanco Holding | 202.78 Bn | 202.78 Bn | - | - |
| 6 | Landmark Bancorp | 180.37 Bn | 180.34 Bn | - | 554,000.00 |
| 7 | NatWest | 168.65 Bn | -51.67 Bn | - | - |
| 8 | Shinhan Financial | 136.54 Bn | 104.11 Bn | - | - |
| 9 | Mizuho Financial | 112.02 Bn | 112.56 Bn | - | - |
| 10 | Midland States Bancorp | 642.23 Mn | 524.91 Mn | - | 7.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 7.07 Mn |
| Dec 31, 2025 | 6.83 Mn |
| Sep 30, 2025 | 7.19 Mn |
| Jun 30, 2025 | 7.04 Mn |
| Mar 31, 2025 | 6.92 Mn |
| Dec 31, 2024 | 7.28 Mn |
| Sep 30, 2024 | 6.96 Mn |
| Jun 30, 2024 | 7.21 Mn |
| Mar 31, 2024 | 6.72 Mn |
| Dec 31, 2023 | 6.96 Mn |
| Sep 30, 2023 | 6.47 Mn |
| Jun 30, 2023 | 6.54 Mn |
| Mar 31, 2023 | 6.31 Mn |
| Dec 31, 2022 | 6.30 Mn |
| Sep 30, 2022 | 6.09 Mn |
| Jun 30, 2022 | 6.08 Mn |
| Mar 31, 2022 | 5.87 Mn |
| Dec 31, 2021 | 5.82 Mn |
| Sep 30, 2021 | 6.50 Mn |
| Jun 30, 2021 | 6.29 Mn |