MSBI vs. NBN

Last updated Apr 1, 2026

Compare and contrast key facts about Midland States Bancorp, Inc. (MSBI) and Northeast Bank (NBN).

Performance

MSBI vs. NBN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Midland States Bancorp, Inc. (MSBI) and Northeast Bank (NBN). The values are adjusted to include any dividend payments, if applicable.

MSBI vs. NBN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
MSBI Midland States Bancorp, Inc.	6.86%	-6.86%	-6.74%	9.14%	12.00%	45.14%	-34.34%	34.56%	-29.20%	-7.99%
NBN Northeast Bank	8.13%	13.35%	66.31%	31.21%	17.95%	58.86%	2.63%	31.69%	-27.59%	77.10%

Fundamentals

Market Cap MSBI : $487.56M NBN : $944.47M
EPS MSBI : -$5.69 NBN : $10.36
PS Ratio MSBI : 1.30 NBN : 2.66
PB Ratio MSBI : 0.86 NBN : 1.76
Total Revenue (TTM) MSBI : $375.50M NBN : $355.21M
Gross Profit (TTM) MSBI : $182.74M NBN : $156.58M
EBITDA (TTM) MSBI : -$102.59M NBN : $131.15M

Returns By Period

In the year-to-date period, MSBI achieves a 6.86% return, which is significantly lower than NBN's 8.13% return.

MSBI

• 1D: 1.87%
• 1M: 0.81%
• YTD: 6.86%
• 6M: 34.67%
• 1Y: 39.61%
• 3Y*: 7.57%
• 5Y*: 1.17%
• 10Y*: —

NBN

• 1D: 2.16%
• 1M: 1.34%
• YTD: 8.13%
• 6M: 12.21%
• 1Y: 22.81%
• 3Y*: 49.55%
• 5Y*: 32.98%
• 10Y*: 26.88%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

MSBI vs. NBN — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

MSBI

MSBI Risk / Return Rank: 74
MSBI Sharpe Ratio Rank: 77
MSBI Sortino Ratio Rank: 73
MSBI Omega Ratio Rank: 71
MSBI Calmar Ratio Rank: 74
MSBI Martin Ratio Rank: 76

NBN

NBN Risk / Return Rank: 61
NBN Sharpe Ratio Rank: 64
NBN Sortino Ratio Rank: 58
NBN Omega Ratio Rank: 57
NBN Calmar Ratio Rank: 61
NBN Martin Ratio Rank: 62

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MSBI vs. NBN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Midland States Bancorp, Inc. (MSBI) and Northeast Bank (NBN). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	MSBI	NBN	Difference
Sharpe ratio Return per unit of total volatility	1.10	0.62	+0.49
Sortino ratio Return per unit of downside risk	1.73	1.07	+0.67
Omega ratio Gain probability vs. loss probability	1.22	1.14	+0.08
Calmar ratio Return relative to maximum drawdown	1.77	0.85	+0.92
Martin ratio Return relative to average drawdown	4.87	2.07	+2.80
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MSBI vs. NBN - Sharpe Ratio Comparison

The current MSBI Sharpe Ratio is 1.10, which is higher than the NBN Sharpe Ratio of 0.62. The chart below compares the historical Sharpe Ratios of MSBI and NBN, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	MSBI	NBN	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.10	0.62	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	1.01	-0.97
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.66	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.14	0.26	-0.12

Correlation

The correlation between MSBI and NBN is 0.46, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

MSBI vs. NBN - Dividend Comparison

MSBI's dividend yield for the trailing twelve months is around 5.69%, more than NBN's 0.04% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MSBI Midland States Bancorp, Inc.	5.69%	5.95%	5.08%	4.35%	4.36%	4.52%	5.99%	3.35%	3.94%	2.46%	1.00%	0.00%
NBN Northeast Bank	0.04%	0.04%	0.04%	0.07%	0.10%	0.11%	0.18%	0.18%	0.24%	0.17%	0.31%	0.38%

Drawdowns

MSBI vs. NBN - Drawdown Comparison

The maximum MSBI drawdown since its inception was -61.18%, smaller than the maximum NBN drawdown of -70.51%. Use the drawdown chart below to compare losses from any high point for MSBI and NBN.

Drawdown Indicators

	MSBI	NBN	Difference
Max Drawdown Largest peak-to-trough decline	-61.18%	-70.51%	+9.33%
Max Drawdown (1Y) Largest decline over 1 year	-21.59%	-27.57%	+5.98%
Max Drawdown (5Y) Largest decline over 5 years	-44.34%	-29.30%	-15.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-70.25%	—
Current Drawdown Current decline from peak	-12.13%	-10.34%	-1.79%
Average Drawdown Average peak-to-trough decline	-19.71%	-23.83%	+4.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.83%	11.27%	-3.44%

Volatility

MSBI vs. NBN - Volatility Comparison

Midland States Bancorp, Inc. (MSBI) has a higher volatility of 7.65% compared to Northeast Bank (NBN) at 6.12%. This indicates that MSBI's price experiences larger fluctuations and is considered to be riskier than NBN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MSBI	NBN	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.65%	6.12%	+1.53%
Volatility (6M) Calculated over the trailing 6-month period	26.48%	26.16%	+0.32%
Volatility (1Y) Calculated over the trailing 1-year period	36.08%	37.04%	-0.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	32.36%	32.92%	-0.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	34.57%	40.67%	-6.10%

Financials

MSBI vs. NBN - Profitability Comparison

The chart below illustrates the profitability comparison between Midland States Bancorp, Inc. and Northeast Bank over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

MSBI - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Midland States Bancorp, Inc. reported a gross profit of 0.00 and revenue of 26.87M. Therefore, the gross margin over that period was 0.0%.

NBN - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Northeast Bank reported a gross profit of 0.00 and revenue of 87.03M. Therefore, the gross margin over that period was 0.0%.

MSBI - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Midland States Bancorp, Inc. reported an operating income of 0.00 and revenue of 26.87M, resulting in an operating margin of 0.0%.

NBN - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Northeast Bank reported an operating income of 30.12M and revenue of 87.03M, resulting in an operating margin of 34.6%.

MSBI - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Midland States Bancorp, Inc. reported a net income of -2.89M and revenue of 26.87M, resulting in a net margin of -10.8%.

NBN - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Northeast Bank reported a net income of 20.74M and revenue of 87.03M, resulting in a net margin of 23.8%.