NasdaqGS:FMBI

Stock Analysis Report

Executive Summary

First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services.

Snowflake

Fundamentals

Flawless balance sheet and good value.


Similar Companies

Share Price & News

How has First Midwest Bancorp's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-1.7%

NasdaqGS:FMBI

-1.8%

US Banks

0.2%

US Market


1 Year Return

-30.0%

NasdaqGS:FMBI

-15.3%

US Banks

-0.7%

US Market

FMBI underperformed the Banks industry which returned -13.6% over the past year.

FMBI underperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

FMBIIndustryMarket
7 Day-1.7%-1.8%0.2%
30 Day-5.3%-6.4%-2.7%
90 Day-5.3%-4.0%1.6%
1 Year-28.4%-30.0%-12.9%-15.3%1.6%-0.7%
3 Year6.3%0.4%41.3%31.7%40.0%30.9%
5 Year24.4%13.0%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is First Midwest Bancorp's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Midwest Bancorp undervalued based on future cash flows and its price relative to the stock market?

30%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

First Midwest Bancorp's share price is below the future cash flow value, and at a moderate discount (> 20%).

First Midwest Bancorp's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

First Midwest Bancorp is good value based on earnings compared to the US Banks industry average.

First Midwest Bancorp is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Midwest Bancorp is poor value based on expected growth next year.


Price Based on Value of Assets

First Midwest Bancorp is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Midwest Bancorp expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

8.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Midwest Bancorp's revenue is expected to grow by 6.1% yearly, however this is not considered high growth (20% yearly).

First Midwest Bancorp's earnings are expected to grow by 8.7% yearly, however this is not considered high growth (20% yearly).

First Midwest Bancorp's revenue growth is positive but not above the United States of America market average.

First Midwest Bancorp's earnings growth is positive but not above the United States of America market average.

First Midwest Bancorp's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Midwest Bancorp will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First Midwest Bancorp performed over the past 5 years?

17.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Midwest Bancorp's year on year earnings growth rate has been positive over the past 5 years.

First Midwest Bancorp's 1-year earnings growth exceeds its 5-year average (81.2% vs 17.8%)

First Midwest Bancorp's earnings growth has exceeded the US Banks industry average in the past year (81.2% vs 33.2%).


Return on Equity

First Midwest Bancorp has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Midwest Bancorp used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Midwest Bancorp improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Midwest Bancorp's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

First Midwest Bancorp has an acceptable proportion of non-loan assets held.

First Midwest Bancorp has a sufficient allowance for bad loans.

First Midwest Bancorp's liabilities are made up of primarily low risk sources of funding.

First Midwest Bancorp's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at First Midwest Bancorp are broadly funded by customer deposits.

First Midwest Bancorp has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First Midwest Bancorp's current dividend yield, its reliability and sustainability?

3.00%

Expected Dividend Yield


Dividend Yield and Payments Analysis

First Midwest Bancorp's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.48%).

First Midwest Bancorp's dividend is below the markets top 25% of dividend payers in United States of America (3.83%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have fallen over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.6x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Midwest Bancorp's salary, the management and board of directors tenure and is there insider trading?

3.6yrs

Average management tenure


CEO

Mike Scudder (58yo)

10.9yrs

Tenure

US$3,439,577

Compensation

Mr. Michael L. Scudder, also known as Mike, has been the Chief Executive Officer of First Midwest BanCorp, Inc. since September 14, 2008. Mr. Scudder has been the Chief Executive Officer of First Midwest B ...


CEO Compensation Analysis

Mike's remuneration is about average for companies of similar size in United States of America.

Mike's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.6yrs

Average Tenure

57yo

Average Age

The tenure for the First Midwest Bancorp management team is about average.


Board Age and Tenure

6.7yrs

Average Tenure

61.5yo

Average Age

The tenure for the First Midwest Bancorp board of directors is about average.


Insider Trading

First Midwest Bancorp individual insiders have only sold shares in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

SellUS$18,26406 Aug 19
James Stadler
EntityIndividual
Shares900
Max PriceUS$20.29
BuyUS$50,27521 May 19
Stephen Van Arsdell
EntityIndividual
Role
Member of the Board of Directors
Independent Director
Shares2,500
Max PriceUS$20.11
SellUS$699,30027 Feb 19
Michael Scudder
EntityIndividual
Role
Chief Executive Officer
Chairman of the Board & CEO
Shares30,000
Max PriceUS$23.31
BuyUS$150,57029 Jan 19
Kathryn Hayley
EntityIndividual
Shares7,000
Max PriceUS$21.51
BuyUS$100,12331 Oct 18
Frank Modruson
EntityIndividual
Shares4,444
Max PriceUS$22.53

Ownership Breakdown


Management Team

  • Mike Scudder (58yo)

    Chairman of the Board & CEO

    • Tenure: 10.9yrs
    • Compensation: US$3.44m
  • Jo Boylan (56yo)

    Executive VP and Chief Information & Operations Officer

    • Tenure: 3.6yrs
  • Mark Sander (60yo)

    President

    • Tenure: 5.0yrs
    • Compensation: US$2.19m
  • Thomas Prame (49yo)

    Executive VP & Director of Strategic Planning and Consumer Banking - First Midwest Bank

    • Tenure: 3.6yrs
    • Compensation: US$820.13k
  • Nick Chulos (59yo)

    Executive VP

    • Tenure: 7.6yrs
    • Compensation: US$742.98k
  • Doug Rose (50yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 0.4yrs
  • Pat Barrett (55yo)

    Executive VP & CFO

    • Tenure: 2.6yrs
    • Compensation: US$1.70m
  • Mike Jamieson (61yo)

    Executive VP & Director of Commercial Banking -First Midwest Bank

    • Tenure: 3.6yrs
    • Compensation: US$1.14m
  • Maurissa Kanter

    Senior VP & Director of Corporate Communications

    • Tenure: 0.0yrs
  • Kate Lanagan

    Assistant Vice President & IR Officer

    • Tenure: 0.0yrs

Board Members

  • Michael Small (62yo)

    Independent Director

    • Tenure: 9.0yrs
    • Compensation: US$113.00k
  • Pete Henseler (60yo)

    Independent Director

    • Tenure: 8.4yrs
    • Compensation: US$120.08k
  • Ellen Rudnick (68yo)

    Independent Director

    • Tenure: 14.0yrs
    • Compensation: US$107.50k
  • Robert O'Meara (81yo)

    Chairman Emeritus

    • Tenure: 1.8yrs
    • Compensation: US$547.22k
  • J. Vanderwoude (75yo)

    Lead Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$153.80k
  • Mike Scudder (58yo)

    Chairman of the Board & CEO

    • Tenure: 10.9yrs
    • Compensation: US$3.44m
  • Phupinder Gill (58yo)

    Independent Director

    • Tenure: 9.0yrs
    • Compensation: US$123.34k
  • Stephen Van Arsdell (68yo)

    Independent Director

    • Tenure: 2.5yrs
    • Compensation: US$119.48k
  • Barbara Boigegrain (61yo)

    Independent Director

    • Tenure: 11.0yrs
    • Compensation: US$117.50k
  • Mark Sander (60yo)

    President

    • Tenure: 5.0yrs
    • Compensation: US$2.19m

Company Information

First Midwest Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Midwest Bancorp, Inc.
  • Ticker: FMBI
  • Exchange: NasdaqGS
  • Founded: 1982
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.132b
  • Shares outstanding: 110.47m
  • Website: https://www.firstmidwest.com

Number of Employees


Location

  • First Midwest Bancorp, Inc.
  • 8750 West Bryn Mawr Avenue
  • Suite 1300
  • Chicago
  • Illinois
  • 60631
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FMBINasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDApr 1983
FM6DB (Deutsche Boerse AG)YesCommon StockDEEURApr 1983

Biography

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 acc ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/20 23:38
End of Day Share Price2019/08/20 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.