Company profile

Ticker
FMBI
Exchange
CEO
Michael L. Scudder
Employees
Incorporated in
Location
Fiscal year end
Industry (SEC)
SEC CIK
IRS number
363161078

FMBI stock data

(
)

Calendar

8 May 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter Mar 20 Dec 19 Sep 19 Jun 19
Revenue 170.23M 176.6M 181.96M 177.68M
Net income 19.61M 52.12M 54.55M 47.01M
Diluted EPS 0.18 0.47 0.49 0.43
Net profit margin 11.52% 29.51% 29.98% 26.46%
Net change in cash 182.39M -176.45M 149.02M 63.89M
Cash on hand 481.61M 299.22M 475.67M 326.65M
Annual Dec 19 Dec 18 Dec 17 Dec 16
Revenue 698.74M 582.49M 509.72M 378.33M
Net income 199.74M 157.87M 98.39M 92.35M
Diluted EPS 1.82 1.52 0.96 1.14
Net profit margin 28.59% 27.10% 19.30% 24.41%
Net change in cash 9.96M -57.31M 84.42M -119.05M
Cash on hand 299.22M 289.26M 346.57M 262.15M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
17 Jun 20 Jamieson Michael W Depositary Shares (Series C) Buy Aquire P No 25 4,000 100K 4,000
17 Jun 20 Rose R Douglas Depositary Shares (Series C) Buy Aquire P No 25 1,400 35K 1,400
17 Jun 20 Scudder Michael L Depositary Shares (Series C) Buy Aquire P No 25 4,000 100K 4,000
17 Jun 20 Van Arsdell Stephen C Depositary Shares (Series C) Buy Aquire P No 25 2,000 50K 2,000
17 Jun 20 Vanderwoude J Stephen Depositary Shares (Series C) Buy Aquire P No 25 1,000 25K 1,000
80.6% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 189 207 -8.7%
Opened positions 25 28 -10.7%
Closed positions 43 34 +26.5%
Increased positions 75 78 -3.8%
Reduced positions 57 63 -9.5%
13F shares
Current Prev Q Change
Total value 3.86B 5.52B -30.1%
Total shares 92.13M 93.09M -1.0%
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners
Shares Value Change
BLK BlackRock 16.05M $212.41M +5.3%
Vanguard 11.98M $158.49M +2.4%
Dimensional Fund Advisors 7.37M $97.51M +0.8%
Fuller & Thaler Asset Management 6.97M $92.3M +30.9%
Wellington Management 4.59M $60.69M -24.1%
STT State Street 4.35M $58.16M +7.7%
MCQEF Macquarie 4.09M $54.1M +8.6%
GS The Goldman Sachs Group, Inc. 3.82M $50.5M +46.1%
NTRS Northern Trust 2.49M $32.96M +0.4%
PZN Pzena Investment Management 1.89M $24.96M +2.1%
Largest transactions
Shares Bought/sold Change
Fuller & Thaler Asset Management 6.97M +1.65M +30.9%
Wellington Management 4.59M -1.45M -24.1%
Norges Bank 0 -1.25M EXIT
GS The Goldman Sachs Group, Inc. 3.82M +1.2M +46.1%
Endeavour Capital Advisors 463.72K -1.13M -70.8%
Assenagon Asset Management 1.05M +1.05M NEW
JPM JPMorgan Chase & Co. 506.33K -813.69K -61.6%
BLK BlackRock 16.05M +813.28K +5.3%
Schroder Investment Management 698.88K -523.53K -42.8%
Maltese Capital Management 0 -516K EXIT

Financial report summary

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Management Discussion
  • Net interest income was $588.5 million for 2019 compared to $516.6 million for 2018, an increase of 13.9%. The rise in net interest income resulted primarily from growth in loans and securities, the impact of higher market rates on loan and investment yields, higher acquired loan accretion, and the acquisition of interest-earning assets from the Bridgeview transaction in the second quarter of 2019 and the Northern States transaction in the fourth quarter of 2018, partially offset by higher cost of funds.
  • Acquired loan accretion contributed $35.6 million and $19.5 million to net interest income for 2019 and 2018, respectively.
  • Tax-equivalent net interest margin was 3.90% for 2019 consistent with 2018. Excluding the impact of acquired loan accretion, tax-equivalent net interest margin was 3.67%, down 8 basis points from 2018. The decrease was driven primarily by actions taken to reduce rate sensitivity and higher cost of funds, partially offset by the impact of higher yields on loans and securities.
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