First Midwest Bancorp, Inc. (NASDAQ:FMBI)
About First Midwest Bancorp, Inc. (NASDAQ:FMBI) First Midwest Bancorp, Inc. (First Midwest) is a bank holding company with operations throughout the greater Chicago metropolitan area as well as central and western Illinois. First Midwest operates one wholly owned subsidiary: First Midwest Bank (the Bank). It is engaged in commercial and retail banking and offers a comprehensive selection of financial products and services including lending, depository, trust, investment management, insurance, and other related financial services. The Bank provides a range of commercial and retail banking services to consumer, commercial and industrial, and public or governmental customers. At December 31, 2009, the Bank had $7.7 billion in total assets, $5.9 billion in total deposits, and 96 banking offices primarily in suburban metropolitan Chicago. First Midwest originates commercial and industrial, agricultural, commercial real estate, and consumer loans. In August 2010, the Company acquired the deposits and loans of Palos Bank and Trust Company.
52 week range
$9.26 - $17.95
Financials First Midwest Bancorp, Inc. (NASDAQ:FMBI) engendered net income of $2.58 million in current quarter which is noticeably less than previous quarter’s net income of $7.81 million. Moreover, EPShas gone down significantly and produced poor results as compare to last quarter’s ending. The company’s cash flow from operation stood at $141.38 million as contrasted to last quarter’s cash flow from operation which was placed at $96.22 million. CFOis kept increasing which is a good sign and it shows if this trend continuous than company would not face any liquidity problems in future. The company’s total assets accumulate up to $8.37 billion as per its latest financials as on September 30, 2010. Fixed assets claim to have the highest contribution in the total assets. Return on equity and return on assets both are increasing. Total liabilities and total equity stand at $7.21 billion and $1.16 billion respectively.
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