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FMBI - First Midwest Bancorp: Lower Credit Costs To Drive Earnings
First Midwest Bancorp Inc.
Provision expense will likely decline as economic activity picks-up pace. FMBI’s credit risk was already substantially down at the end of the last quarter.
Congress has approved a much smaller Paycheck Protection Program amount than before; hence, the net impact of the program on loan growth will be negative.
Next year's target price suggests a high upside from the current market price.