logo
  

First Midwest Bancorp Q2 Results Top Estimates - Quick Facts

First Midwest Bancorp Inc. (FMBI) reported Tuesday that net income applicable to common shares for the second quarter surged to $47 million or $0.41 per share from $18 million or $0.16 per share in the prior-year quarter.

Adjusted earnings per share were $0.46 compared to $0.19 last year. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew 7 percent to $191 million from last year. Analysts expected revenues of $188.21 million for the quarter.

Net interest income edged down 0.7 percent to $144 million and non-interest income improved 40 percent to $46 million from last year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
McDonald's says equal pay for women is just the beginning, while conforming that the fast-food giant pays women globally 99.85 cents on the dollar for similar work, taking into account legitimate pay drivers such as level, location, experience, and performance. The company added that it is on track to close that identified gap in 2022. Verizon Communications Inc. (VZ) said, on an adjusted basis, its third-quarter earnings per share rose 12.8 percent from a year ago. The company said its earnings were highlighted by revenue and customer growth as more than one in four Consumer wireless phone customers now have a 5G-capable device. The... While reporting financial results for the third quarter on Wednesday, Abbott Laboratories (ABT) raised its earnings and adjusted earnings guidance for the full-year 2021. For fiscal 2021, the company continues to project earnings from continuing operations in a range of $3.55 to $3.6 per share and...
RELATED NEWS
Follow RTT