First Midwest Bancorp, Inc.
FMBIO
NASDAQ Global Select26.45
USD
-0.02
- -
CIK
0000702325
ISIN
US3208675005
CUSIP
320867500
Return %
Stock
S&P500
1Y
- -
26.84
3Y
- -
77.03
5Y
7.96
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Michael L. Scudder
- Full Time Employees
- 2,000
- Sector
- Financial Services
- Industry
- Banks - Regional
- Address
- 8750 West Bryn Mawr Avenue Chicago IL United States of America 60631-3655
- IPO Date
- Jun 19, 2020
- CIK
- 0000702325
- Website
- firstmidwest.com
- Similar Companies
- Business
- First Midwest Bancorp, Inc. (FMBIO) operates as the holding company for First Midwest Bank, a relationship-focused financial institution providing commercial and retail banking services; treasury management products including automated clearing house collection, lockbox, remote deposit capture, financial electronic data interchange, wire transfer, account reconciliation, controlled disbursement, direct deposit, positive pay, information reporting, corporate credit cards, liquidity management, fraud prevention, and merchant services; wealth management, trust, fiduciary, executor, financial planning, investment advisory, employee benefit plan administration, and private banking services to corporate and public retirement plans, foundations, endowments, high net worth individuals, and multi-employer trust funds; equipment leasing; and consumer products such as debit and ATM cards, credit cards, internet and mobile banking, telephone banking, mortgages, home equity lines and loans, personal loans, specialty loans, and consumer secured and unsecured loans, with sector-based lending in healthcare, asset-based lending, structured finance, syndications, agriculture, commercial real estate, and commercial and industrial sectors. Founded in 1982 and headquartered in Chicago, Illinois, the company historically served customers through over 125 branches across metropolitan Chicago, southeast Wisconsin, northwest Indiana, eastern Iowa, downstate Illinois, and the Quad Cities area. In 2021, First Midwest announced and completed a merger of equals with Old National Bancorp in February 2022 in an all-stock transaction valued at approximately $6.5 billion, creating a premier Midwestern bank with combined assets of $45 billion, dual headquarters in Chicago, Illinois, and Evansville, Indiana, under the Old National name, with FMBIO representing depositary shares for its 7% fixed-rate non-cumulative perpetual preferred stock, Series C, which continues to trade post-merger. Prior to the merger, the company pursued growth through acquisitions including Standard Bancshares, Inc. in 2021, and earlier FDIC-assisted transactions such as Palos Bank and Trust Company in 2010 and others expanding its Midwest footprint.
First Midwest Bancorp. (FMBI) CEO Mike Scudder on Q2 2020 Results-Earnings Call Transcript
First Midwest Bancorp, Inc. 2020 Q2 - Results - Earnings Call Presentation