First Midwest Bancorp, Inc. (NASDAQ:FMBI) is reporting second quarter financial results on Tuesday 21st July 2020, after market close.
According to analysts surveyed by Thomson Reuters, FMBI is expected to report 2Q20 income of $ 0.15 per share from revenue of $ 188.01 million.
For the full year, analysts anticipate top line of $ 767.17 million, while looking forward to income of $ 0.97 per share bottom line.
Previous Quarter Performance
First Midwest Bancorp, Inc. communicated income for the first quarter of $ 0.22 per share, from the revenue of $ 182.94 million. The quarterly earnings decreased 12.20 percent while revenues compared with the same quarter last year.
Street analysts expected First Midwest Bancorp, Inc. to report income of $ 0.33 per share on revenue of $ 183.71 million for the first quarter. The bottom line results missed street analysts by $ 0.11 or 33.33 percent, at the same time, top line results fell short of analysts by $ 0.77 million or 0.42 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of FMBI was $ 12.46, representing a 20.85 % increase from the 52 week low of $ 10.31 and a 47.29 % decrease over the 52 week high of $ 23.64.
The company has a market capital of $ 1.42 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.14 per share on May 19, 2020. The dividend were payable on July 7, 2020 to holders of record as of the close of business on June 26, 2020 and ex-dividend date on June 25, 2020.
Conference Call
First Midwest Bancorp, Inc. will be hosting a conference call at 11:00 AM eastern time on 21st July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.firstmidwest.com
First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services. The company accepts checking, NOW, money market, and savings accounts, as well as various types of short-term and long-term certificates of deposit.
