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First Midwest Bancorp, Inc. (FMBI)

Stock Price: $17.84 USD 0.25 (1.42%)
Updated Jul 23, 2021 4:00 PM EDT - Market closed
Market Cap 2.04B
Revenue (ttm) 659.10M
Net Income (ttm) 118.88M
Shares Out 113.10M
EPS (ttm) 1.31
PE Ratio 13.67
Forward PE 11.27
Dividend $0.56
Dividend Yield 3.14%
Trading Day July 23
Last Price $17.84
Previous Close $17.59
Change ($) 0.25
Change (%) 1.42%
Day's Open 17.73
Day's Range 17.58 - 18.39
Day's Volume 458,269
52-Week Range 10.15 - 23.95

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First Midwest Bancorp (FMBI) delivered earnings and revenue surprises of 24.32% and 1.86%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

3 days ago - Zacks Investment Research

Shares of First Midwest Bancorp (NASDAQ:FMBI) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share were up 142.11% year over year to $0.46, which beat the esti...

4 days ago - Benzinga

CHICAGO, July 20, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the "Company" or "First Midwest"), the holding company of First Midwest Bank (the "Bank"), today reported results of operations an...

4 days ago - GlobeNewsWire

On Tuesday, July 20, First Midwest Bancorp (NASDAQ:FMBI) will release its latest earnings report. Here is Benzinga's outlook for the company.

4 days ago - Benzinga

CHICAGO, July 14, 2021 (GLOBE NEWSWIRE) --  First Midwest Bank today announced it has been certified to participate in the Cities for Financial Empowerment Fund's BankOn program, which provides unbanked...

1 week ago - GlobeNewsWire

First Midwest Bancorp (FMBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 week ago - Zacks Investment Research

Bank mergers and acquisitions rebounded in the first half of 2021 after slowing down last year due to the pandemic.

Other stocks mentioned: BXS, CADE, CFG, FBC, HSBC, MTB, NYCB ...
2 weeks ago - The Motley Fool

CHICAGO, July 08, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”), the holding company of First Midwest Bank, today announced the following schedule and contact information for it...

2 weeks ago - GlobeNewsWire

NEW YORK, June 21, 2021 /PRNewswire/ -- Moore Kuehn, PLLC, a law firm focusing in securities litigation located on Wall Street in downtown New York City, is investigating potential claims concerning whe...

Other stocks mentioned: FORE, LEGO, LWAC
1 month ago - PRNewsWire

CHICAGO, June 11, 2021 (GLOBE NEWSWIRE) -- First Midwest Bank and 101.9 THE MIX are pleased to announce that Shantenekia Phillips, owner of Alabasta Wellness Boutique & Salon in Oak Park, Illinois, has ...

1 month ago - GlobeNewsWire

Old National and First Midwest are joining hands to create a $45 billion asset bank in the Midwest, as the wave of bank mergers continues.

Other stocks mentioned: ONB
1 month ago - The Motley Fool

NEW YORK, June 4, 2021 /PRNewswire/ -- Juan Monteverde , founder and managing partner at Monteverde & Associates PC, a national securities firm rated Top 50 in the 2018-2020 ISS Securities Class Action ...

1 month ago - PRNewsWire

MILWAUKEE, June 4, 2021 /PRNewswire/ -- Ademi LLP is investigating First Midwest (Nasdaq: FMBI) for possible breaches of fiduciary duty and other violations of law in its transaction with Old National. ...

1 month ago - PRNewsWire

Old National (ONB) and First Midwest's (FMBI) all-stock merger deal for a market value of $6.5 billion will create a diversified and premier banking franchise.

Other stocks mentioned: ONB
1 month ago - Zacks Investment Research

NEW YORK, June 2, 2021 /PRNewswire/ -- WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of First Midwest Bancorp, Inc. ("First Midw...

Other stocks mentioned: ONB
1 month ago - PRNewsWire

NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of First Midwest Banc...

Other stocks mentioned: ONB
1 month ago - Business Wire

Chicago's First Midwest Bank and Indiana's Old National Bank have signed a $6.5 billion definitive merger agreement to create a midwestern financial institution (FI) with $45 billion in combined assets....

Other stocks mentioned: ONB
1 month ago - PYMNTS

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLP, a global investor rights law firm, is investigating whether the sale of First Midwest Bancorp, Inc. (NASDAQ: FMBI) to Old National Bancorp is fair to First M...

1 month ago - Business Wire

EVANSVILLE, Ind. & CHICAGO--(BUSINESS WIRE)--Old National Bancorp (“Old National”) (NASDAQ: ONB) and First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ: FMBI), jointly announced today they have enter...

Other stocks mentioned: ONB
1 month ago - Business Wire

CHICAGO, May 20, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the “Company”) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on the Company's c...

2 months ago - GlobeNewsWire

First Midwest Bancorp (FMBI) delivered earnings and revenue surprises of 0.00% and -0.10%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

3 months ago - Zacks Investment Research

CHICAGO, April 20, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the "Company" or "First Midwest"), the holding company of First Midwest Bank (the "Bank"), today reported results of operations a...

3 months ago - GlobeNewsWire

First Midwest Bancorp (FMBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

3 months ago - Zacks Investment Research

CHICAGO, April 08, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”), the holding company of First Midwest Bank, today announced the following schedule and contact information for i...

3 months ago - GlobeNewsWire

Top Ranked Income Stocks to Buy for March 31st

Other stocks mentioned: BRKL, HBNC, UBSI
3 months ago - Zacks Investment Research

CHICAGO, March 15, 2021 (GLOBE NEWSWIRE) -- For the second straight year, First Midwest Bank has joined forces with 101.9 THE MIX to celebrate and recognize women-owned businesses through its Inspiring ...

4 months ago - GlobeNewsWire

First Midwest Bancorp (FMBI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

4 months ago - Zacks Investment Research

First Midwest Bancorp (FMBI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

4 months ago - Zacks Investment Research

First Midwest Bancorp's (FMBI) CEO Mike Scudder on Q4 2020 Results - Earnings Call Transcript

5 months ago - Seeking Alpha

First Midwest Bancorp (FMBI) delivered earnings and revenue surprises of 48.28% and -2.48%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

5 months ago - Zacks Investment Research

CHICAGO, Jan. 26, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the "Company" or "First Midwest"), the holding company of First Midwest Bank (the "Bank"), today reported results of operations an...

5 months ago - GlobeNewsWire

CHICAGO, Jan. 25, 2021 (GLOBE NEWSWIRE) -- First Midwest Bank today announced it awarded $250,000 in grants to more than 80 local non-profit organizations through its charitable foundation. These donati...

5 months ago - GlobeNewsWire

CHICAGO, Jan. 07, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“the Company”), the holding company of First Midwest Bank, today announced the following schedule and contact information for its ...

6 months ago - GlobeNewsWire

First Midwest Bancorp (FMBI) is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front.

7 months ago - Zacks Investment Research

CHICAGO, Nov. 20, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the “Company” or “First Midwest”), today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per sha...

8 months ago - GlobeNewsWire

CHICAGO, Oct. 30, 2020 (GLOBE NEWSWIRE) -- First Midwest Bank announced today it has been awarded a Top Workplaces 2020 honor by The Chicago Tribune and was the highest ranked commercial bank among larg...

8 months ago - GlobeNewsWire

First Midwest Bancorp. (FMBI) CEO Michael Scudder on Q3 2020 Results - Earnings Call Transcript

9 months ago - Seeking Alpha

First Midwest Bancorp (FMBI) delivered earnings and revenue surprises of 50.00% and 3.23%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

9 months ago - Zacks Investment Research

CHICAGO, Oct. 15, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. today announced plans to optimize its retail branch network as part of its ongoing commitment to best meet the evolving needs and p...

9 months ago - GlobeNewsWire

First Midwest Bancorp (FMBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

9 months ago - Zacks Investment Research

CHICAGO, Oct. 02, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”), the holding company of First Midwest Bank, today announced the following schedule and contact information for it...

9 months ago - GlobeNewsWire

Participation in the Paycheck Protection Program will likely drive earnings in the year ahead.

11 months ago - Seeking Alpha

CHICAGO, July 27, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the “Company” or “First Midwest”), today announced that its Board of Directors declared a quarterly cash dividend of $17.50 per ...

11 months ago - GlobeNewsWire

First Midwest Bancorp. (FMBI) CEO Mike Scudder on Q2 2020 Results-Earnings Call Transcript

1 year ago - Seeking Alpha

First Midwest Bancorp (FMBI) delivered earnings and revenue surprises of 18.75% and -4.08%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

1 year ago - Zacks Investment Research

CHICAGO, July 21, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the "Company" or "First Midwest"), the holding company of First Midwest Bank (the "Bank"), today reported results of operations ...

1 year ago - GlobeNewsWire

First Midwest Bancorp (FMBI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

1 year ago - Zacks Investment Research

One More 7.00% Preferred Stock IPO From First Midwest Bancorp

1 year ago - Seeking Alpha

CHICAGO, June 18, 2020 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”) today announced that it has priced an underwritten public offering of 4,400,000 depositary shares, each represe...

1 year ago - GlobeNewsWire

First Midwest Bancorp's new preferred stock, FMBIP, is currently trading at a 1% discount.

1 year ago - Seeking Alpha

About FMBI

First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit. Its loan products include working capital needs; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home eq... [Read more...]

Industry
Banks-Regional
CEO
Michael Scudder
Employees
2,074
Stock Exchange
NASDAQ
Ticker Symbol
FMBI
Full Company Profile

Financial Performance

In 2020, FMBI's revenue was $621.69 million, a decrease of -12.11% compared to the previous year's $707.33 million. Earnings were $107.90 million, a decrease of -45.98%.

Financial Statements

Analyst Forecasts

According to 6 analysts, the average rating for FMBI stock is "Buy." The 12-month stock price forecast is 22.33, which is an increase of 25.17% from the latest price.

Price Target
$22.33
(25.17% upside)
Analyst Consensus: Buy