First Midwest Bancorp, Inc. (FMBI), the holding company of First Midwest Bank, reported first-quarter net income applicable to common shares of $14.4 million, or $0.20 per share, compared to $7.8 million, or $0.11 per share, last year.
Net interest income decreased to $63.85 million from $65.18 million prior year. Total noninterest income rose to $27.58 million from $24.69 million last year.
On average, nine analysts polled by Thomson Reuters expected the company to report profit of $0.21 per share for the quarter. Analysts' estimates typically exclude special items. Analysts expected revenue of $90.99 million for the quarter.
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