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First Midwest Bank's profits fall 12% in the fourth quarter

First Midwest Bank made $44 million in profit in the fourth quarter, a 12% decline from the $50 million it made in the third quarter of the year. ....

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First Midwest Bank more than doubles third-quarter profit year-over-year to $50 million

First Midwest Bank more than doubled its third quarter profit year-over-year to $50 million. ....

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First Midwest Bank shareholders approve Old National merger

First Midwest Bank shareholders approve Old National merger
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First Midwest Bank grows earnings per share 156% year-over-year

First Midwest Bank made $47 million in profit in the second quarter as compared to $41 million in the first quarter and $18 million in the second quarter of last year.
The Chicago-based bank, which is in the process of merging with Evansville-based Old National, made 41 cents per share in the second quarter, up from 36 cents per share in the first quarter and 16 cents per share in the second quarter of 2020. That s a 14% increase over the first quarter and a 156% jump year-over-year.
We are very pleased with our performance for the quarter, Chairman and CEO Michael Scudder said. Operating performance once again profited from increasing business momentum, sales production and tight control of our operating costs. The quarter was also aided by lower provisioning for loan losses reflective of both the strengthening economy and proactive credit remediation. ....

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First Midwest Bank's profits more than double year over year

First Midwest Bank s profit more than doubled year over year in the first quarter.
The Chicago-based bank, which has a large footprint in Northwest Indiana, made $41 million in profit or $0.36 per share, in the first three months of the year. That s up from $37 million, or $0.33 per share, in the fourth quarter, and $19 million, or $0.18 per share, in the first quarter of last year.
First Midwest Bank improved its earnings per share 9% as compared to the fourth quarter and 100% as compared to the first quarter of 2020.
We had a solid start to the year as our overall performance improved as the economic recovery gains traction, Chairman and CEO Michael L. Scudder said. Operating performance for the quarter once again benefited from strong production from our fee-based businesses and continued focus on managing our costs. As expected, quarterly comparisons were affected by both normal seasonality and the impact of federal stimulus programs on both client liquidity and ....

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