First Midwest Bancorp, Inc. operates as the bank holding company for First Midwest Bank that provides various banking products and services. More Details
Flawless balance sheet established dividend payer.
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
Stable Share Price: FMBI is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: FMBI's weekly volatility (5%) has been stable over the past year.
7 Day Return
1 Year Return
Return vs Industry: FMBI underperformed the US Banks industry which returned 70.3% over the past year.
Return vs Market: FMBI exceeded the US Market which returned 53.9% over the past year.
Long-Term 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
1 week ago | Simply Wall StDo Institutions Own First Midwest Bancorp, Inc. (NASDAQ:FMBI) Shares?
1 month ago | Simply Wall StWho Has Been Buying First Midwest Bancorp, Inc. (NASDAQ:FMBI) Shares?
3 months ago | Simply Wall StWhat To Know Before Buying First Midwest Bancorp, Inc. (NASDAQ:FMBI) For Its Dividend
Is First Midwest Bancorp undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FMBI ($21.96) is trading below our estimate of fair value ($24.21)
Significantly Below Fair Value: FMBI is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: FMBI is poor value based on its PE Ratio (25.2x) compared to the US Banks industry average (13.3x).
PE vs Market: FMBI is poor value based on its PE Ratio (25.2x) compared to the US market (22.5x).
Price to Earnings Growth Ratio
PEG Ratio: FMBI is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: FMBI's PB Ratio (1x) is in line with the US Banks industry average.
How is First Midwest Bancorp forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FMBI's forecast earnings growth (21.3% per year) is above the savings rate (2%).
Earnings vs Market: FMBI's earnings (21.3% per year) are forecast to grow faster than the US market (18.1% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: FMBI's revenue (8.6% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: FMBI's revenue (8.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FMBI's Return on Equity is forecast to be low in 3 years time (7.8%).
How has First Midwest Bancorp performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FMBI has high quality earnings.
Growing Profit Margin: FMBI's current net profit margins (15.7%) are lower than last year (28%).
Past Earnings Growth Analysis
Earnings Trend: FMBI's earnings have grown by 13.7% per year over the past 5 years.
Accelerating Growth: FMBI's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FMBI had negative earnings growth (-50.6%) over the past year, making it difficult to compare to the Banks industry average (2.9%).
Return on Equity
High ROE: FMBI's Return on Equity (4%) is considered low.
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
Financial Institutions Analysis
Asset Level: FMBI's Assets to Equity ratio (7.7x) is low.
Allowance for Bad Loans: FMBI has a sufficient allowance for bad loans (163%).
Low Risk Liabilities: 88% of FMBI's liabilities are made up of primarily low risk sources of funding.
Loan Level: FMBI has an appropriate level of Loans to Assets ratio (70%).
Low Risk Deposits: FMBI's Loans to Deposits ratio (91%) is appropriate.
Level of Bad Loans: FMBI has an appropriate level of bad loans (1%).
What is First Midwest Bancorp current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FMBI's dividend (2.55%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: FMBI's dividend (2.55%) is low compared to the top 25% of dividend payers in the US market (3.46%).
Stability and Growth of Payments
Stable Dividend: FMBI's dividends per share have been stable in the past 10 years.
Growing Dividend: FMBI's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (64.3%), FMBI's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FMBI's dividends in 3 years are forecast to be well covered by earnings (39.8% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mike Scudder (59 yo)
Mr. Michael L. Scudder, also known as Mike, has been the Chief Executive Officer and Director of First Midwest BanCorp, Inc. since September 14, 2008 and has been its Chairman of the Board since November 1...
CEO Compensation Analysis
Compensation vs Market: Mike's total compensation ($USD3.95M) is about average for companies of similar size in the US market ($USD5.13M).
Compensation vs Earnings: Mike's compensation has been consistent with company performance over the past year.
Experienced Management: FMBI's management team is seasoned and experienced (5.8 years average tenure).
Experienced Board: FMBI's board of directors are considered experienced (5.7 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FMBI insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
First Midwest Bancorp, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Midwest Bancorp, Inc.
- Ticker: FMBI
- Exchange: NasdaqGS
- Founded: 1982
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.722b
- Shares outstanding: 114.33m
- Website: https://www.firstmidwest.com
Number of Employees
- First Midwest Bancorp, Inc.
- 8750 West Bryn Mawr Avenue
- Suite 1300
- United States
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
|Data||Last Updated (UTC time)|
|Company Analysis||2021/04/16 22:15|
|End of Day Share Price||2021/04/16 00:00|
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.