Docoh
Loading...

FMBI First Midwest Bancorp

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
CEO
Michael Scudder
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
IRS number
363161078

FMBI stock data

(
)

Calendar

1 Mar 21
17 Apr 21
31 Dec 21
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

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 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%

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
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Bad
New words: AMLA, ample, arose, ASC, Assembly, BSA, CECL, Codification, Connecticut, crime, curtailment, DEI, deployment, depositary, deter, dispersed, Dodd, domestic, efficacy, extraordinary, Feedback, FMBIO, FMBIP, focused, forgiven, Frank, GDP, gift, granular, hardship, hostile, Interagency, learning, length, linked, listening, lobby, modernization, modernize, navigate, notify, notional, online, onset, optimization, optimizing, pandemic, passed, Paycheck, PCD, Perpetual, PPP, PPPLF, predetermined, presidential, proliferation, pronounced, prorated, proximity, prudently, pulse, ranked, rebounded, recreation, reoccur, repossession, robust, SBA, sector, showed, SR, staffing, stimuli, stressed, stricter, strongly, survey, suspend, suspended, suspension, temporarily, tightening, town, traffic, training, turbulence, unencumbered, unprecedented, usage, viability, welfare
Removed: adding, affiliated, Arlington, assigning, Banco, callable, clarifying, Council, coverage, creating, deductibility, discounting, distribute, Durbin, earliest, gradually, hybrid, indemnification, indemnified, initially, North, opportunistic, OTTI, percent, Person, Popular, population, regime, retrospectively, spur, systemically, Tool, transparency