When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.
Be alerted of any news about your stocks and see what other stocks are trending.
FMBI - First Midwest Bancorp: Credit Cost Normalization High Earning Assets To Help Earnings Recover
First Midwest Bancorp Inc.
Earnings of First Midwest Bancorp (FMBI) plunged to $0.18 per share in the first quarter, down 62% from the last quarter of 2019. Earnings for the remainder of the year will likely improve from the first quarter, but decline on a year-over-year basis. The increase in earning assets following the acquisition of Park Bank in the first quarter will likely drive up earnings in the year ahead. Moreover, the provision expense will likely normalize in the second quarter, which will help earnings recover from the first quarter’s low. On the other hand, the