First Midwest Bancorp, Inc. (FMBI) Financial Statements (2024 and earlier)

Company Profile

Business Address 8750 WEST BRYN MAWR AVENUE
CHICAGO, IL 60631
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2021
MRQ
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 1,193,648341,357320,064367,017280,068398,096
Cash and cash equivalents 1,117,244299,221289,258346,570262,148381,202
Short-term investments 76,40442,13630,80620,44717,92016,894
Total current assets: 1,193,648341,357320,064367,017280,068398,096
Noncurrent Assets
Operating lease, right-of-use asset 125,300141,000
Property, plant and equipment 128,323141,172128,780121,10878,502114,850
Intangible assets, net (including goodwill) 932,764875,262790,744754,757366,876339,277
Goodwill 862,397796,756728,809697,608340,879319,007
Intangible assets, net (excluding goodwill) 70,36778,50661,93557,14925,99720,270
Total noncurrent assets: 1,186,3871,157,434919,524875,865445,378454,127
Other undisclosed assets 18,458,64316,351,60614,266,06112,834,17010,697,1098,880,453
TOTAL ASSETS: 20,838,67817,850,39715,505,64914,077,05211,422,5559,732,676
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt 1,546,4141,658,758906,079714,884879,008165,096
Total current liabilities: 1,546,4141,658,758906,079714,884879,008165,096
Noncurrent Liabilities
Liabilities, other than long-term debt    1,7643,770(2,282)
Liability, pension and other postretirement and postemployment benefits    1,7643,770(2,282)
Total noncurrent liabilities:    1,7643,770(2,282)
Other undisclosed liabilities 16,602,25813,820,84612,544,57211,495,5309,282,6978,423,594
Total liabilities: 18,148,67215,479,60413,450,65112,212,17810,165,4758,586,408
Equity
Equity, attributable to parent 2,690,0062,370,7932,054,9981,864,8741,257,0801,146,268
Preferred stock 230,500     
Common stock 1,2541,2041,1571,123913882
Treasury stock, value (232,144)(220,343)(200,994)(210,073)(218,534)(226,413)
Additional paid in capital 1,275,4921,211,2741,114,5801,031,870498,937446,672
Accumulated other comprehensive income (loss) 26,379(1,954)(52,512)(33,036)(40,910)(28,389)
Retained earnings 1,388,5251,380,6121,192,7671,074,9901,016,674953,516
Total equity: 2,690,0062,370,7932,054,9981,864,8741,257,0801,146,268
TOTAL LIABILITIES AND EQUITY: 20,838,67817,850,39715,505,64914,077,05211,422,5559,732,676

Income Statement (P&L) ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues 664,641698,739582,492605,050467,805419,862
Net investment income 651,318698,739582,492509,716378,332333,504
Financial services revenue95,33489,47386,358
Cost of revenue (99,015)(44,027)(48,054)(31,290)(30,758)(20,561)
Provision for loan, lease, and other losses (99,015)(44,027)(48,054)
Financial services costs(31,290)(30,758)(20,561)
Gross profit: 565,626654,712534,438573,760437,047399,301
Operating expenses (367,264)(345,277)(322,887)(304,967)(246,676)(220,468)
Other operating income, net
(Noninterest Income, Other Operating Income)
 11,63311,5869,6363,9133,6352,764
Operating income: 209,995321,021221,187272,706194,006181,597
Nonoperating income    4,0705,0676,558
Investment income, nonoperating    (1,876)1,4202,373
Bank owned life insurance income    5,9463,6474,185
Interest and debt expense (71,669)(110,257)(65,870)(37,712)(28,641)(24,386)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes (3,345)55,17541,740(51,110)(31,912)(43,958)
Income from continuing operations before income taxes: 134,981265,939197,057187,954138,520119,811
Income tax expense (27,083)(66,201)(39,187)(89,567)(46,171)(37,747)
Income from continuing operations: 107,898199,738157,87098,38792,34982,064
Income before gain (loss) on sale of properties:107,898199,738157,87098,38792,34982,064
Net income attributable to parent: 107,898199,738157,87098,38792,34982,064
Preferred stock dividends and other adjustments (9,119)     
Other undisclosed net loss available to common stockholders, basic (984)(1,681)(1,312)(916)(1,043)(882)
Net income available to common stockholders, diluted: 97,795198,057156,55897,47191,30681,182

Comprehensive Income ($ in thousands)

9/30/2021
TTM
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income: 107,898199,738157,87098,38792,34982,064
Other comprehensive income (loss) 28,33350,558(12,787)7,874(12,521)(12,534)
Comprehensive income, net of tax, attributable to parent: 136,231250,296145,083106,26179,82869,530

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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