First Midwest is a bank holding company for First Midwest Bank, which is an Illinois state-chartered bank that provides a range of banking, treasury and wealth management products and services, to commercial and industrial, commercial real estate, municipal and consumer customers. The Bank offers capital market products to commercial customers as risk management solutions, which include derivatives and interest rate risk products; it provides an array of financing products to developers, investors and other real estate professionals, which include funding for the construction, purchase, refinance or improvement of commercial real estate properties. First Midwest's loan portfolio consists of both corporate and consumer loans

Type
Public
HQ
Itasca, US
Founded
1982
Size (employees)
1,882 (est)
First Midwest was founded in 1982 and is headquartered in Itasca, US
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First Midwest Office Locations

First Midwest has offices in Champaign, Lowell, Lincoln, Beachwood and in 15 other locations
Itasca, US (HQ)
555 W Pierce Rd
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First Midwest Financials and Metrics

First Midwest Revenue

First Midwest's revenue was reported to be $378.33 m in FY, 2016 which is a 12.6% increase from the previous period.
USD

Net income (FY, 2017)

98.4 m

EBIT (FY, 2017)

440.7 m

Market capitalization (3-Aug-2018)

2.8 b

Closing stock price (3-Aug-2018)

26.9

Cash (30-Jun-2018)

181.5 m
First Midwest's current market capitalization is $2.8 b.
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

287.2 m299.9 m336 m378.3 m

Revenue growth, %

4%12%13%

Cost of goods sold

24.4 m28.6 m37.7 m

Gross profit

311.6 m349.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

118.5 m119.3 m123.5 m134.4 m144 b163.7 m171.5 m

Cost of goods sold

5.7 m6.4 m6.8 m6.6 m6.9 b8.5 m8.9 m

Gross profit

112.9 m112.9 m116.6 m127.8 m137.1 b155.1 m162.5 m

Gross profit Margin, %

95%95%94%95%95%95%95%
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013Y, 2014Y, 2015FY, 2016FY, 2017

Cash

585.8 m641.5 m716.3 m587.2 m606.3 m381.2 m155.1 m192.8 m

Accounts Receivable

Inventories

8.3 b10.4 b

Total Assets

9.7 b11.4 b14.1 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Cash

135.5 m125.3 m135 m150 m139.5 m174.3 m181.2 m150.1 m181.5 m

Inventories

7.8 b8 b8.2 b10.1 b10.2 b10.7 b10.9 b

Total Assets

9.9 b9.9 b10.7 b11 b11.6 b13.8 b14 b14.3 b14.4 b14.8 b

Accounts Payable

8.2 b8.3 b8.8 b9 b9.1 b11 b11 b11.1 b11.5 b
Annual
usdFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

79.3 m69.3 m82.1 m92.3 m98.4 m

Inventories

Accounts Payable

Cash From Operating Activities

(129 m)19 m158.5 m121 m234.6 m
Quarterly
USDQ3, 2013Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q3, 2017Q1, 2018Q2, 2018

Net Income

18.5 m18.5 m19.9 m22.6 m23.3 m18 m25.3 m28.4 b22.9 m38.2 m33.5 m63.1 m

Cash From Operating Activities

63.7 m94.3 m9.9 m35.7 m156.1 m

Cash From Investing Activities

(83.9 m)(171.3 m)(384.1 m)(461.5 m)(807.8 m)

Dividends Paid

(13.2 m)(20.1 m)(6.9 m)(10.3 m)(21.6 m)
USDY, 2018

Financial Leverage

7.9 x
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First Midwest Operating Metrics

First Midwest's Total Loans was reported to be $10.2b in Q2, 2017.
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First Midwest Online and Social Media Presence

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First Midwest Company Life and Culture

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