Inactive Instrument

First Midwest Bancorp, Inc.

FMBI

US3208671046

First Midwest Bancorp: Q4 Earnings Snapshot

January 18, 2022 at 01:27 pm

CHICAGO (AP) _ First Midwest Bancorp Inc. (FMBI) on Tuesday reported fourth-quarter net income of $48.6 million.

The bank, based in Chicago, said it had earnings of 39 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 41 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 44 cents per share.

The holding company for First Midwest Bank posted revenue of $192.5 million in the period. Its revenue net of interest expense was $183.3 million, which also missed Street forecasts. Four analysts surveyed by Zacks expected $189.8 million.

For the year, the company reported profit of $199.6 million, or $1.60 per share. Revenue was reported as $751.1 million.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMBI at https://www.zacks.com/ap/FMBI

Latest news about First Midwest Bancorp, Inc.

First Midwest Bancorp, Inc.'s Equity Buyback announced on February 26, 2020 has expired.	20/09/22	CI
First Midwest Bancorp, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022	03/08/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P Regional Banks Select Industry Index	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P Banks Select Industry Index	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P 600 Financials	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P 600	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P Composite 1500	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P 1000	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P TMI Index	18/02/22	CI
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from S&P Global BMI Index	18/02/22	CI
Sector Update: Consumer Stocks Recover Ahead of Close Wednesday	16/02/22	MT
Sector Update: Financial Stocks Back on Solid Ground Near Close	16/02/22	MT
Sector Update: Consumer Discretionary Losing Ground This Afternoon But Staples Paring Early Losses	16/02/22	MT
Sector Update: Financial Stocks Losses Beginning to Gain Speed, Unable to Maintain Early Advance	16/02/22	MT
Old National Bancorp to Join S&P MidCap 400; Urban Edge Properties, Corsair Gaming to Join SmallCap 600	15/02/22	MT
First Midwest Bancorp, Inc.(NasdaqGS:FMBI) dropped from NASDAQ Composite Index	15/02/22	CI
Old National Bancorp completed the acquisition of First Midwest Bancorp, Inc. in a mergers of equal transaction.	14/02/22	CI
First Midwest Bancorp's Q4 Adjusted Earnings Decline, Revenue Rises	18/01/22	MT
Earnings Flash (FMBI) FIRST MIDWEST BANCORP Reports Q4 EPS $0.41, vs. Street Est of $0.45	18/01/22	MT
Earnings Flash (FMBI) FIRST MIDWEST BANCORP Posts Q4 Revenue $183M, vs. Street Est of $190.3M	18/01/22	MT
First Midwest Bancorp, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2021	18/01/22	CI
First Midwest Bancorp, Inc. Reports Earnings Results for the Full Year Ended December 31, 2021	18/01/22	CI
North American Morning Briefing : Bond Yields Hit -3-	18/01/22	DJ
Keefe Bruyette & Woods Upgrades First Midwest Bancorp to Outperform From Market Perform; Price Target is $25	20/12/21	MT
First Midwest Bancorp, Inc. Declares Quarterly Dividends, Payable on December 15, 2021	17/11/21	CI

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Company Profile

First Midwest Bancorp, Inc. is a bank holding company. The Company's principal subsidiary, First Midwest Bank (the Bank), is an Illinois state-chartered bank and provides a range of commercial, treasury management, equipment leasing, consumer, wealth management, trust, and private banking products. The Bank operates approximately 114 banking locations in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. The Bank offers capital market products to commercial customers, which include derivatives and interest rate risk mitigation products. The Bank provides commercial and industrial loans to small and middle market businesses generally within the Bank's market areas. The Bank also provides an array of financing products to developers, investors, other real estate professionals, and owners of various businesses, which include funding for the construction, purchase, refinance, or improvement of commercial real estate properties.

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