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Side-by-side financial comparison of Midland States Bancorp, Inc. (MSBI) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Stoke Therapeutics, Inc. is the larger business by last-quarter revenue ($158.6M vs $79.5M, roughly 2.0× Midland States Bancorp, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 23.2%, a 48.0% gap on every dollar of revenue.

Rainier Bancorporation was the Seattle-based parent corporation of Rainier National Bank, a Washington state bank with branches throughout the state. Rainier traced its roots back to the National Bank of Commerce, which was founded by Richard Holyoke in 1889. The name Rainier National Bank was adopted in 1974. Rainier Bancorp expanded into Alaska with the purchase of Anchorage's People's Bank & Trust in 1983 and into Oregon with the purchase of Gresham's Mount Hood Security Bank in 1986, expa...

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

MSBI vs STOK — Head-to-Head

Bigger by revenue
STOK
STOK
2.0× larger
STOK
$158.6M
$79.5M
MSBI
Higher net margin
STOK
STOK
48.0% more per $
STOK
71.2%
23.2%
MSBI

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
MSBI
MSBI
STOK
STOK
Revenue
$79.5M
$158.6M
Net Profit
$18.5M
$112.9M
Gross Margin
Operating Margin
70.2%
Net Margin
23.2%
71.2%
Revenue YoY
3661.1%
Net Profit YoY
739.3%
528.0%
EPS (diluted)
$0.74
$1.90

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MSBI
MSBI
STOK
STOK
Q1 26
$79.5M
Q4 25
$85.6M
Q3 25
$81.1M
Q2 25
$82.2M
Q1 25
$76.1M
$158.6M
Q4 24
$93.9M
$22.6M
Q3 24
$92.7M
Q2 24
$90.9M
Net Profit
MSBI
MSBI
STOK
STOK
Q1 26
$18.5M
Q4 25
$-2.9M
Q3 25
$7.6M
Q2 25
$12.0M
Q1 25
$-141.0M
$112.9M
Q4 24
$-30.8M
$-10.5M
Q3 24
$20.4M
Q2 24
$25.7M
Operating Margin
MSBI
MSBI
STOK
STOK
Q1 26
Q4 25
-5.5%
Q3 25
13.9%
Q2 25
18.1%
Q1 25
-181.2%
70.2%
Q4 24
-66.5%
-60.4%
Q3 24
26.9%
Q2 24
35.0%
Net Margin
MSBI
MSBI
STOK
STOK
Q1 26
23.2%
Q4 25
-4.9%
Q3 25
9.3%
Q2 25
14.6%
Q1 25
-185.4%
71.2%
Q4 24
-52.5%
-46.4%
Q3 24
22.1%
Q2 24
28.3%
EPS (diluted)
MSBI
MSBI
STOK
STOK
Q1 26
$0.74
Q4 25
$-0.22
Q3 25
$0.24
Q2 25
$0.44
Q1 25
$-6.58
$1.90
Q4 24
$-1.49
$-0.15
Q3 24
$0.83
Q2 24
$1.06

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MSBI
MSBI
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$89.4M
$274.8M
Total DebtLower is stronger
$33.2M
Stockholders' EquityBook value
$569.5M
$350.1M
Total Assets
$6.5B
$406.9M
Debt / EquityLower = less leverage
0.06×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MSBI
MSBI
STOK
STOK
Q1 26
$89.4M
Q4 25
$127.8M
Q3 25
$166.1M
Q2 25
$176.6M
Q1 25
$102.0M
$274.8M
Q4 24
$114.8M
$128.0M
Q3 24
$121.9M
Q2 24
$124.6M
Total Debt
MSBI
MSBI
STOK
STOK
Q1 26
$33.2M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
MSBI
MSBI
STOK
STOK
Q1 26
$569.5M
Q4 25
$565.5M
Q3 25
$584.0M
Q2 25
$573.7M
Q1 25
$571.4M
$350.1M
Q4 24
$710.8M
$229.0M
Q3 24
$771.2M
Q2 24
$736.8M
Total Assets
MSBI
MSBI
STOK
STOK
Q1 26
$6.5B
Q4 25
$6.5B
Q3 25
$6.9B
Q2 25
$7.1B
Q1 25
$7.3B
$406.9M
Q4 24
$7.5B
$271.6M
Q3 24
$7.7B
Q2 24
$7.7B
Debt / Equity
MSBI
MSBI
STOK
STOK
Q1 26
0.06×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
MSBI
MSBI
STOK
STOK
Operating Cash FlowLast quarter
$131.8M
Free Cash FlowOCF − Capex
$131.7M
FCF MarginFCF / Revenue
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MSBI
MSBI
STOK
STOK
Q1 26
Q4 25
$125.7M
Q3 25
$80.0M
Q2 25
$28.1M
Q1 25
$24.7M
$131.8M
Q4 24
$176.5M
$-23.2M
Q3 24
$46.5M
Q2 24
$31.4M
Free Cash Flow
MSBI
MSBI
STOK
STOK
Q1 26
Q4 25
$120.3M
Q3 25
$78.6M
Q2 25
$26.7M
Q1 25
$22.9M
$131.7M
Q4 24
$169.6M
$-23.2M
Q3 24
$44.4M
Q2 24
$29.9M
FCF Margin
MSBI
MSBI
STOK
STOK
Q1 26
Q4 25
140.6%
Q3 25
96.9%
Q2 25
32.4%
Q1 25
30.1%
83.0%
Q4 24
180.6%
-102.7%
Q3 24
47.9%
Q2 24
32.9%
Capex Intensity
MSBI
MSBI
STOK
STOK
Q1 26
Q4 25
6.2%
Q3 25
1.7%
Q2 25
1.7%
Q1 25
2.4%
0.1%
Q4 24
7.3%
0.2%
Q3 24
2.3%
Q2 24
1.7%
Cash Conversion
MSBI
MSBI
STOK
STOK
Q1 26
Q4 25
Q3 25
10.58×
Q2 25
2.33×
Q1 25
1.17×
Q4 24
Q3 24
2.28×
Q2 24
1.22×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MSBI
MSBI

Net Interest Income$57.4M72%
Noninterest Income$22.1M28%

STOK
STOK

Segment breakdown not available.

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