
First Midwest Bancorp, Inc. operates as a 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 loans and lines of credit; accounts receivable financing; inventory and equipment financing; sector-based lending, including healthcare, asset-based lending, structured finance, and syndications; agricultural loans; and mortgages, home equity lines and loans, personal loans, specialty loans, and auto loans, as well as funding for the construction, purchase, refinance, or improvement of commercial real estate properties. In addition, the company offers treasury management products and services comprising automated clearing house collection, lockbox, remote deposit capture, and financial electronic data interchange; wire transfer, account reconciliation, controlled disbursement, direct deposit, and positive pay services; information reporting services; corporate credit cards; and liquidity management, fraud prevention, and merchant services. Further, it provides fiduciary and executor, financial planning, investment advisory, employee benefit plan, and private banking services to corporate and public retirement plans, foundations and endowments, high net worth individuals, and multi-employer trust funds. Additionally, the company offers debit and automated teller machine, and credit cards; Internet and mobile, and telephone banking services; and financial education services. It serves commercial and industrial, commercial real estate, municipal, and consumer customers. The company operates 135 locations and 184 automated teller machines in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa. First Midwest Bancorp, Inc. was incorporated in 1982 and is headquartered in Itasca, Illinois.
Industry, Sector and Symbol
Industry National commercial banks
Sub-IndustryRegional Banks
SectorFinance
SymbolNASDAQ:FMBI
CUSIP32086710
Phone630-875-7463
Debt
Debt-to-Equity Ratio0.49%
Current Ratio0.97%
Quick Ratio0.97%
Price-To-Earnings
Trailing P/E Ratio17.80
Forward P/E Ratio15.00
P/E Growth2.08
Sales & Book Value
Annual Sales$672.86 million
Price / Sales3.93
Cash Flow$1.7702 per share
Price / Cash14.49
Book Value$18.15 per share
Price / Book1.41
Profitability
EPS (Most Recent Fiscal Year)$1.35
Net Income$98.38 million
Net Margins14.59%
Return on Equity7.69%
Return on Assets1.01%
Miscellaneous
Employees2,152
Outstanding Shares103,190,000