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FMBI - Acquisition To Boost First Midwest Bancorp's Earnings Next Year
First Midwest Bancorp Inc.
First Midwest Bancorp's (FMBI) loan book is expected to continue to expand due to an upcoming acquisition and prospects of organic growth. The increase in loan portfolio is expected to drive earnings growth next year. On the other hand, NIM compression and non-interest expense growth are expected to limit increase in net income.
Acquisition and Organic Growth to Expand Loan Portfolio
FMBI had to rely on purchases for loan growth in the third quarter, with only 25% of the increase in loans coming from origination, according to disclosures made in the 3QFY19 conference