Earnings of First Midwest Bancorp (FMBI) are likely to plummet this year due to the high rate sensitivity of the company's net interest margin. FMBI has a low deposit beta due to the high proportion of low-cost deposits in total deposits, which makes the margin sensitive to interest rate movements. Moreover, fee income will face some pressure from the company's decision to suspend late fees on loan payments amid the COVID-19 pandemic. On the other hand, the acquisition of Park Bank earlier this year is likely to counter the pressure on earnings. Park Bank will