First Midwest Bancorp (FMBI) Tops Q3 EPS by 11c

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Go back to First Midwest Bancorp (FMBI) Tops Q3 EPS by 11c

First Midwest Bancorp, Inc. Announces 2020 Third Quarter Results

October 20, 2020 5:30 PM EDT

CHICAGO, Oct. 20, 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 and financial condition for the third quarter of 2020. Net income applicable to common shares for the third quarter of 2020 was $23.4 million, or $0.21 per share, compared to $17.8 million, or $0.16 per share, for the second quarter of 2020, and $54.1 million, or $0.49 per share, for the third quarter of 2019.

Results for the third quarter of 2020 were impacted by retail and balance sheet optimization strategies as well as securities... More