First midwest bancorp, inc. (FMBI)
Income statement / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Sep'09Jun'09
Interest Income
Loans

147,786

155,170

159,978

157,680

144,804

142,809

133,997

127,737

118,686

118,045

118,101

114,820

112,365

85,512

87,505

86,526

78,455

75,564

75,522

75,820

73,397

72,609

68,713

63,239

60,940

60,068

60,614

59,111

59,431

61,596

63,672

61,993

61,491

62,774

64,085

63,089

62,917

63,983

65,416

65,439

64,480

66,035

64,071

Covered loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,062

3,142

4,151

3,449

3,975

3,223

4,473

4,202

6,787

6,640

7,655

7,822

7,431

4,294

2,598

2,962

0

0

Investment securities

20,238

-

19,452

18,005

16,006

-

14,170

13,010

11,756

-

10,667

10,527

10,484

-

9,629

9,363

8,558

-

7,723

7,823

8,293

-

7,465

8,019

8,005

-

7,742

7,657

7,356

-

8,058

8,414

8,934

-

8,633

9,848

9,865

-

11,920

13,699

13,952

-

-

Other short-term investments

2,203

2,104

2,533

1,997

1,680

1,185

1,365

1,341

903

1,353

1,148

1,169

850

905

772

661

535

999

1,047

913

779

957

684

745

745

852

831

834

809

1,111

631

638

641

883

817

704

679

832

708

538

385

449

390

Securities available-for-sale

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

15,277

19,662

Securities held-to-maturity

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,001

1,016

Total interest income

170,227

176,604

181,963

177,682

162,490

159,527

149,532

142,088

131,345

129,585

129,916

126,516

123,699

96,328

97,906

96,550

87,548

84,667

84,292

84,556

82,469

81,309

76,862

72,003

69,690

72,120

72,329

71,753

71,045

74,199

75,584

75,518

75,268

78,757

80,175

81,296

81,283

82,476

82,338

82,274

81,779

82,762

85,139

Interest Expense
Deposits

17,117

19,926

21,754

19,316

16,602

13,137

10,426

8,032

6,179

4,877

4,369

3,729

3,209

2,476

2,520

2,482

2,385

2,271

2,329

2,402

2,525

2,463

2,806

2,511

2,597

2,741

2,837

3,003

3,320

3,735

4,126

4,678

5,513

5,962

6,654

6,969

7,671

7,907

9,049

9,626

10,545

15,324

17,152

Borrowed funds

5,841

4,579

5,639

4,459

3,551

4,469

3,927

3,513

3,479

2,263

2,544

2,099

2,194

1,716

1,782

1,499

1,316

1,250

928

118

18

12

9

169

383

390

390

385

442

497

507

490

515

670

706

687

680

711

797

749

1,010

2,768

3,893

Senior and subordinated debt

3,694

3,740

3,783

3,595

3,313

3,292

3,152

3,140

3,124

3,114

3,110

3,105

3,099

4,112

2,632

2,588

3,133

3,134

3,133

3,134

3,144

3,015

3,016

3,016

3,015

3,301

3,436

3,435

3,435

3,445

3,691

3,646

4,058

3,047

2,280

2,279

2,286

2,279

2,279

2,280

2,286

3,689

3,703

Total interest expense

26,652

28,245

31,176

27,370

23,466

20,898

17,505

14,685

12,782

10,254

10,023

8,933

8,502

8,304

6,934

6,569

6,834

6,655

6,390

5,654

5,687

5,490

5,831

5,696

5,995

6,432

6,663

6,823

7,197

7,677

8,324

8,814

10,086

9,679

9,640

9,935

10,637

10,897

12,125

12,655

13,841

21,781

24,748

Net interest income

143,575

148,359

150,787

150,312

139,024

138,629

132,027

127,403

118,563

119,331

119,893

117,583

115,197

88,024

90,972

89,981

80,714

78,012

77,902

78,902

76,782

75,819

71,031

66,307

63,695

65,688

65,666

64,930

63,848

66,522

67,260

66,704

65,182

69,078

70,535

71,361

70,646

71,579

70,213

69,619

67,938

60,981

60,391

Provision for loan losses

39,532

9,594

12,498

11,491

10,444

9,811

11,248

11,614

15,181

8,024

10,109

8,239

4,918

5,307

9,998

8,085

7,593

4,500

4,100

6,000

6,552

1,659

10,727

5,341

1,441

0

4,770

5,813

5,674

5,593

111,791

22,458

18,210

21,902

20,425

18,763

19,492

73,897

33,576

21,526

18,350

38,000

36,262

Net interest income after provision for loan losses

104,043

138,765

138,289

138,821

128,580

128,818

120,779

115,789

103,382

111,307

109,784

109,344

110,279

82,717

80,974

81,896

73,121

73,512

73,802

72,902

70,230

74,160

60,304

60,966

62,254

65,688

60,896

59,117

58,174

60,929

-44,531

44,246

46,972

47,176

50,110

52,598

51,154

-2,318

36,637

48,093

49,588

22,981

24,129

Noninterest Income
Wealth management fees

12,361

12,484

12,063

12,190

11,600

10,951

10,622

10,981

10,958

10,967

10,169

10,525

9,660

8,375

8,495

8,642

7,559

7,493

7,222

7,433

7,014

6,744

6,721

6,552

6,457

6,202

6,018

6,126

5,839

5,590

5,415

5,394

5,392

5,052

4,982

5,237

5,053

7,784

3,728

3,702

3,593

3,555

3,471

Service charges on deposit accounts

11,781

12,664

13,024

12,196

11,540

12,627

12,378

12,058

11,652

12,289

12,561

12,153

11,365

10,315

10,708

10,169

9,473

10,303

10,519

9,886

9,271

10,015

9,902

8,973

8,020

9,259

9,472

9,118

8,677

9,689

9,502

8,848

8,660

9,957

10,215

9,563

8,144

9,202

9,249

9,052

8,381

10,046

9,687

Capital market products income

4,700

6,200

4,200

2,200

1,300

1,400

1,900

2,800

1,600

2,015

2,592

2,217

1,376

1,827

2,916

2,066

3,215

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Card-based fees

3,968

4,512

4,694

4,549

4,378

4,574

4,123

4,394

3,933

6,052

5,992

8,832

8,116

7,462

7,332

7,592

6,718

6,761

6,868

6,953

6,402

6,390

6,646

5,969

5,335

5,517

5,509

5,547

5,076

5,274

5,246

5,312

5,020

4,971

4,931

5,162

4,529

4,640

4,547

4,497

3,893

4,023

4,048

Mortgage banking income

1,788

4,134

3,066

1,901

1,004

1,304

1,657

1,736

2,397

2,352

2,246

1,645

1,888

3,537

3,394

1,863

1,368

1,777

1,402

1,439

1,123

812

1,125

959

1,115

1,057

1,273

1,010

1,966

-

196

-

-

-

-

-

-

-

-

-

-

-

-

Merchant servicing fees

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,727

2,849

2,908

2,322

-

-

-

-

-

-

-

-

-

-

Other service charges, commissions, and fees

2,682

1,523

3,023

2,783

2,611

1,253

2,786

2,838

2,548

-6,200

4,745

5,856

5,442

-6,942

5,621

5,602

5,261

-8,952

7,107

5,862

4,831

-8,088

5,266

4,555

4,122

-6,276

5,532

4,207

4,200

957

1,142

1,189

1,198

-7,488

4,289

4,243

3,977

762

4,932

4,628

4,172

4,222

4,021

Net securities losses

-1,000

-

-

-

0

-

-

-

-

-

3,197

284

-

323

187

23

887

822

524

515

512

-63

2,570

4,517

1,073

147

33,801

216

0

88

-217

151

-943

-110

449

1,531

540

1,662

6,376

1,121

3,057

-6,975

6,635

BOLI income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-13,028

-

-

-

300

-

-

-

-

-

-

-

267

349

248

282

1,159

Total fee-based revenues

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24,417

24,205

21,703

-

-

-

-

-

-

Net trading gains (losses)

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,352

-2

744

-

-

-

-

1,359

1,360

Other income

3,065

3,419

2,920

2,753

2,494

2,880

2,164

2,121

2,471

2,476

1,846

3,433

2,104

2,281

1,691

1,865

1,445

-2,456

1,372

1,900

1,948

789

923

1,727

1,128

-264

1,682

1,217

1,817

-890

4,701

235

3,040

-953

2,077

760

1,230

7,284

1,654

-342

977

587

1,013

Net gain on sale-leaseback transaction

-

-

-

-

-

-

-

-

-

-

-

-

-

-

5,509

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on termination of FHLB forward commitments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

7,829

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

Gains on sales of properties

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,954

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gains on FDIC-assisted transactions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

4,303

-

0

0

Loss on early extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-2,059

-

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

13,991

-

Total noninterest income

39,362

46,496

42,951

38,526

34,906

36,462

35,666

36,947

35,517

34,905

43,348

44,945

39,951

39,711

45,853

37,822

35,926

36,478

35,014

33,988

31,101

31,068

37,107

31,193

27,250

27,779

58,088

27,441

27,575

32,088

29,134

24,037

24,689

26,635

24,591

26,494

24,217

26,167

30,753

27,310

24,321

31,090

31,394

Noninterest Expense
Salaries and wages

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

32,921

36,569

27,241

26,881

23,852

27,257

27,588

22,957

25,493

25,665

26,517

24,562

21,146

22,136

22,274

21,576

Retirement and other employee benefits

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

6,787

6,230

5,714

6,793

7,632

6,225

6,061

7,153

4,511

5,364

5,394

4,748

5,142

6,653

Salaries and employee benefits

62,859

-

61,481

58,692

57,373

-

54,160

57,932

56,787

-

55,638

54,575

55,772

-

46,372

46,267

44,594

-

41,361

40,294

40,716

-

35,471

34,561

33,491

-

34,270

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net occupancy and equipment expense

14,227

14,963

13,903

13,671

13,797

12,827

13,183

13,651

13,773

12,826

12,115

12,485

12,325

10,774

10,755

9,928

9,697

9,256

9,406

9,622

10,436

9,479

8,639

7,672

9,391

7,910

7,982

7,793

8,147

8,747

8,108

7,513

8,331

7,681

8,157

8,012

9,103

7,916

8,326

7,808

8,168

7,837

7,389

Professional services

10,390

12,837

9,550

10,467

7,087

8,859

7,944

8,298

7,580

7,616

8,498

9,112

8,463

7,138

6,772

5,292

5,920

6,117

6,172

5,322

5,109

6,664

5,692

5,691

5,389

5,592

5,517

5,595

5,218

10,415

6,665

6,905

5,629

8,026

7,571

5,640

5,119

4,524

6,187

5,652

6,540

3,769

3,725

Technology and related costs

8,548

3,518

5,062

4,908

6,270

4,849

4,763

4,837

4,771

4,645

4,505

4,485

4,433

3,514

3,881

3,669

3,701

3,694

3,673

3,527

3,687

3,444

3,253

3,104

3,074

2,984

2,984

2,884

2,483

3,231

2,906

2,851

2,858

2,876

2,709

2,697

2,623

3,209

2,593

2,785

2,483

2,230

2,142

Advertising and promotions

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,237

1,720

Federal Deposit Insurance Corporation Premium ("FDIC") Expense

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,763

1,785

1,659

1,719

1,758

1,799

1,708

2,725

2,967

2,835

2,546

2,532

2,558

6,034

Net OREO expense

420

1,080

381

294

681

763

-413

-256

1,068

695

657

1,631

1,700

5,123

-313

-1,122

-664

3,506

-1,290

1,861

1,204

2,544

1,406

1,569

1,556

-

-

1,084

1,799

1,325

3,208

4,124

1,864

2,965

4,174

5,223

3,931

17,820

9,577

11,850

10,787

3,461

3,301

Other expenses

15,415

-14,499

14,387

16,154

12,953

-11,847

14,541

13,939

11,603

-23,110

15,393

16,289

15,384

-20,922

13,623

14,458

12,993

-15,192

12,463

12,825

11,505

-14,326

12,104

11,590

10,767

-19,339

13,949

12,150

10,598

-6,264

14,340

8,539

8,162

-6,776

10,584

10,885

9,099

-4,914

9,333

10,274

8,079

7,132

6,693

Acquisition and integration related expenses

5,500

5,300

3,400

9,500

3,700

9,540

60

0

0

-23

384

1,174

18,565

7,542

1,172

618

5,020

1,389

0

0

0

-

3,748

830

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Delivering Excellence implementation costs

0

223

234

442

258

3,159

2,239

15,015

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total noninterest expense

117,331

116,748

108,395

114,142

102,110

110,828

96,477

113,416

95,582

102,326

97,190

99,751

116,642

92,669

82,888

81,354

82,589

86,743

74,365

73,451

72,657

84,828

70,313

65,017

63,668

64,794

64,702

62,427

64,814

73,607

70,123

61,157

62,613

66,591

64,176

65,719

65,418

77,074

68,777

67,455

65,473

56,640

59,233

Income before income tax expense

26,074

68,513

72,845

63,205

61,376

54,452

59,968

39,320

43,317

43,886

55,942

54,538

33,588

29,759

43,939

38,364

26,458

23,247

34,451

33,439

28,674

20,400

27,098

27,142

25,836

28,673

54,282

24,131

20,935

19,410

-85,520

7,126

9,048

7,220

10,525

13,373

9,953

-53,225

-1,387

7,948

8,436

-2,569

-3,710

Income tax expense

6,468

16,392

18,300

16,191

15,318

13,044

6,616

9,720

9,807

41,539

17,707

19,588

10,733

9,041

15,537

13,097

8,496

6,923

11,167

10,865

8,792

5,807

8,549

8,642

8,172

9,508

24,959

7,955

6,293

6,194

-36,993

761

1,156

296

1,583

2,720

-91

-25,066

-3,972

139

355

-5,920

-6,373

Net income

19,606

52,121

54,545

47,014

46,058

41,408

53,352

29,600

33,510

2,347

38,235

34,950

22,855

20,718

28,402

25,267

17,962

16,324

23,284

22,574

19,882

14,593

18,549

18,500

17,664

19,165

29,323

16,176

14,642

13,216

-48,527

6,365

7,892

6,924

8,942

10,653

10,044

-28,159

2,585

7,809

8,081

3,351

2,663

Per Common Share Data
Preferred dividends and accretion on preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,027

2,586

2,582

2,581

2,579

2,575

2,573

2,572

2,567

2,566

Net income applicable to non-vested restricted shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

212

-

-715

76

139

680

-93

-100

-137

-121

1

-65

-81

-11

-34

Net income applicable to common shares

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,430

-

-47,812

6,289

7,753

3,877

6,263

7,971

7,326

-30,327

11

5,171

5,428

773

63

Per Common Share Data
Basic earnings per common share (in dollars per share)

0.18

0.48

0.49

0.43

0.43

0.38

0.52

0.29

0.33

0.02

0.37

0.34

0.23

0.25

0.35

0.31

0.23

0.20

0.30

0.29

0.26

0.18

0.25

0.25

0.24

0.25

0.39

0.22

0.20

0.17

-0.65

0.09

0.11

0.05

0.09

0.11

0.10

-0.42

0.00

0.07

0.08

0.02

0.00

Diluted earnings per common share (in dollars per share)

0.18

0.47

0.49

0.43

0.43

0.38

0.52

0.29

0.33

0.02

0.37

0.34

0.23

0.25

0.35

0.31

0.23

0.20

0.30

0.29

0.26

0.18

0.25

0.25

0.24

0.25

0.39

0.22

0.20

0.17

-0.65

0.09

0.11

0.05

0.09

0.11

0.10

-0.42

0.00

0.07

0.08

0.02

0.00

Dividends declared per common share (in dollars per share)

0.14

-

0.14

0.14

0.12

-

0.11

0.11

0.11

-

0.10

0.10

0.09

-

0.09

0.09

0.09

-

0.09

0.09

0.09

-

0.08

0.08

0.07

-

0.04

0.04

0.01

-

0.01

0.01

0.01

-

0.01

0.01

0.01

-

0.01

0.01

0.01

0.01

0.01

Weighted-average common shares outstanding (in Shares)

109,922

109,106

109,281

108,467

105,770

105,141

102,178

102,159

101,922

101,786

101,752

101,743

100,411

80,429

80,396

80,383

77,980

77,123

77,106

77,089

76,918

75,126

74,341

74,322

74,147

74,029

74,023

74,017

73,867

73,754

73,742

73,659

73,505

73,385

73,361

73,259

73,151

73,119

73,072

73,028

70,469

48,942

48,501

Weighted-average diluted common shares outstanding (in Shares)

110,365

110,437

109,662

108,467

105,770

105,141

102,178

102,159

101,938

101,805

101,772

101,763

100,432

80,443

80,409

80,396

77,992

77,138

77,119

77,101

76,930

75,140

74,352

74,333

74,159

74,044

74,034

74,024

73,874

73,758

73,742

73,659

73,505

73,385

73,361

73,259

73,151

73,119

73,072

73,028

70,469

48,942

48,501