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FMBI - First Midwest Bancorp's Earnings To Stagnate
First Midwest Bancorp Inc.
First Midwest Bancorp's (FMBI) assets are expected to continue to grow on the back of management's efforts to expand its presence. The company is currently in the process of acquiring Bankmanagers Corp. and its wholly owned subsidiary Park Bank. Earnings, on the other hand, are likely to stagnate in 2020, as a squeeze in net interest margin and rise in non-interest expense will offset the positive effect of loan growth.
Loans to Increase Due to Expansionary Efforts
FMBI's loan portfolio surged in the second quarter of 2019 due to the Bridgeview merger. Around