FMBI First Midwest Bancorp Dashboard

First Midwest Bancorp, Inc. is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with over $21 billion of assets and an additional $13 billion of assets under management. First Midwest Bank and the Company's other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. First Midwest Bank operates branches and other locations throughout metropolitan Chicago, southeast Wisconsin, northwest Indiana, eastern Iowa and other markets in the Midwest.

Company profile

Ticker

FMBI, FMBIP, FMBIO

Exchange

NASDAQ

Website

www.firstmidwest.com/

CEO

Michael Scudder

Incorporated

Delaware

Location

Illinois

Fiscal year end

Dec 31

Sector

Finance and Insurance > Commercial Banking

Industry (SIC)

National Commercial Banks

Citigroup • JPMorgan Chase & Co. • U.S. Bancorp. • PNC Financial Services • Shinhan Financial • Capital One Financial • Bank Of America • HSBC USA • Regions Financial • Keycorp ...

SEC CIK

0000702325

Corporate docs

Articles of Incorporation & Bylaws

IRS number

363161078

FMBI stock data

S&P 500

1M 1Y 2Y 5Y

News

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Ex-Dividend Date Insight: First Midwest Bancorp

24 Mar 21

First Midwest Bancorp (NASDAQ:FMBI) declared a dividend payable on April 13, 2021 to its shareholders as of February 22, 2021. It was also announced that shareholders of First Midwest Bancorp's stock as of March 26, 2021 are entitled to the dividend.

Stocks That Hit 52-Week Highs On Friday

12 Mar 21

Before 10 a.m. ET on Friday, 571 companies hit new 52-week highs.

Stocks That Hit 52-Week Highs On Monday

8 Mar 21

Before 10 a.m. ET on Monday, 492 companies set new 52-week highs.

Raymond James Maintains Outperform on First Midwest Bancorp, Raises Price Target to $24

8 Mar 21

Stocks That Hit 52-Week Highs On Friday

5 Mar 21

Press releases

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First Midwest Bancorp, Inc. Announces Schedule for 2021 First Quarter Earnings Release and Conference Call

8 Apr 21

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 its 2021 first

First Midwest Bank Partners With 101.9 THE MIX to Honor Women-Owned Businesses

15 Mar 21

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 Women in

First Midwest Bancorp, Inc. (Illinois) to Host Earnings Call

27 Jan 21

NEW YORK, NY / ACCESSWIRE / January 27, 2021 / First Midwest Bancorp, Inc. (Illinois) (NASDAQ:FMBI) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on January 27, 2021 at

First Midwest Bancorp, Inc. Announces 2020 Fourth Quarter and Full Year Results

26 Jan 21

First Midwest Provides Nearly $500,000 in Grants and Donations to Support Local Communities

25 Jan 21

Calendar

1 Mar 21

17 Apr 21

31 Dec 21

Financial summary

Financial statements Chart FMBI financial data

Quarter (USD)	Dec 20	Sep 20	Jun 20	Mar 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 20	Dec 19	Dec 18	Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Cash burn rate (estimated)	Burn method: Change in cash		Burn method: Operating income/loss		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	1.12B	1.12B	1.12B	1.12B	1.12B	1.12B
Cash burn (monthly)	24.5M	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)	(positive/no burn)
Cash used (since last report)	87.49M	n/a	n/a	n/a	n/a	n/a
Cash remaining	1.03B	n/a	n/a	n/a	n/a	n/a
Runway (months of cash)	42.0	n/a	n/a	n/a	n/a	n/a

Beta Read what these cash burn values mean

Recent insider trades

FMBI insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	$Price	#Shares	$Value	#Remaining
15 Mar 21	Patrick Sean Barrett	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	1,875	43.96K	79,478
15 Mar 21	Patrick Sean Barrett	Common Stock	Grant	Aquire A	No	No	23.4462	4,231	99.2K	81,353
15 Mar 21	Patrick Sean Barrett	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	3,418	80.14K	77,122
15 Mar 21	Boylan Jo Ann	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	577	13.53K	37,042
15 Mar 21	Boylan Jo Ann	Common Stock	Grant	Aquire A	No	No	23.4462	1,302	30.53K	37,619
15 Mar 21	Boylan Jo Ann	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	382	8.96K	36,317
15 Mar 21	Boylan Jo Ann	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	465	10.9K	36,699
15 Mar 21	Chulos Nicholas J	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	595	13.95K	62,630
15 Mar 21	Chulos Nicholas J	Common Stock	Grant	Aquire A	No	No	23.4462	1,342	31.46K	63,225
15 Mar 21	Chulos Nicholas J	Common Stock	Payment of exercise	Dispose F	No	No	23.4462	395	9.26K	61,883

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q4 2020

FMBI institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

81.5% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	195	184	+6.0%
Opened positions	35	26	+34.6%
Closed positions	24	19	+26.3%
Increased positions	69	64	+7.8%
Reduced positions	54	60	-10.0%

13F shares	Current	Prev Q	Change
Total value	1.48B	977.71M	+51.7%
Total shares	93.13M	90.61M	+2.8%
Total puts	0	0
Total calls	0	0
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
BLK Blackrock	16.67M	$265.33M	+0.2%
Vanguard	12.44M	$198.01M	+4.2%
Fuller & Thaler Asset Management	8.16M	$129.95M	-3.1%
Dimensional Fund Advisors	7.4M	$117.87M	+0.4%
STT State Street	4.57M	$73.42M	+5.9%
MCQEF Macquarie	4.43M	$70.56M	-0.0%
Wellington Management	3.61M	$57.43M	-5.5%
PZN Pzena Investment Management	2.64M	$42.07M	+25.2%
NTRS Northern Trust	2.38M	$37.95M	-2.2%
PFG Principal Financial Group Inc - Registered Shares	2.31M	$36.82M	+13.8%

Largest transactions	Shares	Bought/sold	Change
GS Goldman Sachs	1.33M	-1.85M	-58.1%
Norges Bank	1.45M	+1.45M	NEW
Endeavour Capital Advisors	1.27M	+1.13M	+809.7%
Voya Investment Management	900.11K	+862.85K	+2316.1%
Glenmede Trust Co Na	0	-719.33K	EXIT
PZN Pzena Investment Management	2.64M	+531.91K	+25.2%
Vanguard	12.44M	+505.67K	+4.2%
Skyline Asset Management	75.92K	-403K	-84.1%
Gillson Capital	351.44K	+351.44K	NEW
Balyasny Asset Management	362.52K	+288.26K	+388.2%

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Competition

Fintech

Management Discussion

Net interest income was $579.6 million for 2020 compared to $588.5 million for 2019, a decrease of 1.5%. The decrease in net interest income resulted primarily from lower market rates on loans and securities primarily as a result of the pandemic and lower acquired loan accretion, partially offset by growth in loans and securities, the acquisition of interest-earning assets from the Park Bank transaction in March 2020, interest income and fees on PPP loans, and lower cost of funds.
Acquired loan accretion contributed $29.5 million and $35.6 million to net interest income for 2020 and 2019, respectively.
Tax-equivalent net interest margin was 3.18% for 2020, down 72 basis points from 2019. Excluding the impact of acquired loan accretion, tax-equivalent net interest margin was 3.02%, down 65 basis points from 2019. The decrease was driven primarily by lower interest rates on loans and securities primarily as a result of the pandemic, lower yields on PPP loans, as well as a higher balance of other interest-earning assets due to higher demand deposits as a result of PPP loan funds and other government stimuli, partially offset by lower cost of funds.

Content analysis

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From filing 10-K 2020 FY