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

7 Aug 19
25 Aug 19
31 Dec 19

News

Company financial data Financial data

Quarter Jun 19 Mar 19 Dec 18 Sep 18
Net income 46.63M 45.66M 41.09M 52.91M
Diluted EPS 0.43 0.43 0.39 0.52
Net change in cash -7.34M -77.67M
Cash on hand 289.26M 296.6M
Annual Dec 18 Dec 17 Dec 16 Dec 15
Net income 156.56M 97.47M 91.31M 81.18M
Diluted EPS 1.52 0.96 1.14 1.05
Net change in cash -57.31M 84.42M -119.05M -225.06M
Cash on hand 289.26M 346.57M 262.15M 381.2M

Financial data from company earnings reports

Financial report summary

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Management Discussion
  • Net income for 2018 was $157.9 million, or $1.52 per share, compared to net income of $98.4 million, or $0.96 per share, for 2017. Performance for 2018 was impacted by Delivering Excellence implementation costs and income tax benefits. Both 2018 and 2017 were impacted by acquisition and integration related expenses associated with completed and pending acquisitions. In addition, performance for 2017 was impacted by various actions taken by the Company in light of tax reform which include the revaluation of DTAs, certain actions resulting in securities losses and gains, a special bonus to colleagues, and a charitable contribution to the First Midwest Charitable Foundation. Excluding these adjustments, earnings per share was $1.67 for 2018 and $1.35 for 2017. For additional detail on these adjustments, see the section of this Item 7 titled "Non-GAAP Financial Information and Reconciliations." The increase in net income, adjusted, and earnings per share, adjusted, compared to 2017 reflects higher net interest income, controlled noninterest expense, and a lower effective income tax rate, partially offset by higher provision for loan losses and lower noninterest income.
Content analysis ?
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New words: caution, Chicagoland, compression, foreclosed, led, NAV, notice, order, partly, putable, satisfaction, southeast
Removed: acquire, authorization, canceled, CMO, decreased, MBS, office, release, retail