First Midwest Bancorp, Inc. (FMBI) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments341320367280398624587
Cash and cash equivalents299289347262381606587
Short-term investments423120181717 
Disposal group, including discontinued operation     2 
Total current assets:341320367280398626587
Noncurrent Assets
Operating lease, right-of-use asset141
Property, plant and equipment14112912179115129116
Intangible assets, net (including goodwill), including:875791755367339334276
Goodwill797729698341319311264
Intangible assets, net (excluding goodwill)79625726202412
Other undisclosed intangible assets, net (including goodwill)      (0)
Assets held-for-sale, long lived4
Total noncurrent assets:1,157920876445454463397
Other undisclosed assets16,35214,26612,83410,6978,8808,3567,270
TOTAL ASSETS:17,85015,50614,07711,4239,7339,4458,253
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt1,6599067158791651415
Total current liabilities:1,6599067158791651415
Noncurrent Liabilities
Liabilities, other than long-term debt  24(2)513
Pension and other postretirement defined benefit plans, liabilities13
Liability, pension and other postretirement and postemployment benefits  24(2)5
Total noncurrent liabilities:  24(2)513
Other undisclosed liabilities13,82112,54511,4969,2838,4248,1987,234
Total liabilities:15,48013,45112,21210,1658,5868,3447,252
Stockholders' equity
Stockholders' equity attributable to parent2,3712,0551,8651,2571,1461,1011,001
Common stock1111111
Treasury stock, value(220)(201)(210)(219)(226)(234)(241)
Additional paid in capital1,2111,1151,032499447450414
Accumulated other comprehensive loss(2)(53)(33)(41)(28)(16)(27)
Retained earnings1,3811,1931,0751,017954900854
Total stockholders' equity:2,3712,0551,8651,2571,1461,1011,001
TOTAL LIABILITIES AND EQUITY:17,85015,50614,07711,4239,7339,4458,253

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues6995826054684203661
Revenue, net   11
Net investment income699582510378334291 
Financial services revenue95898675 
Cost of revenue(44)(48)(31)(31)(21)(19)(16)
Provision for loan, lease, and other losses(44)(48)
Financial services costs(31)(31)(21)(19)(16)
Gross profit:655534574437399347(16)
Operating expenses(345)(323)(305)(247)(220)(210)(25)
Other operating income, net
(Noninterest Income, Other Operating Income)
121044354
Operating income (loss):321221273194182141(37)
Nonoperating income  457818
Investment income, nonoperating  (2)12834
Losses on sales of other real estate     (3)(4)
Bank owned life insurance income  6443(12)
Interest and debt expense(110)(66)(38)(29)(24)(25)(28)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes5542(51)(32)(44)(23)175
Income from continuing operations before income taxes:266197188139120100128
Income tax expense(66)(39)(90)(46)(38)(31)(49)
Net income attributable to parent:2001589892826979
Other undisclosed net loss available to common stockholders, basic(2)(1)(1)(1)(1)(1)(1)
Net income available to common stockholders, diluted:1981579791816878

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:2001589892826979
Other comprehensive income (loss)51(13)8(13)(13)11(11)
Comprehensive income, net of tax, attributable to parent:25014510680708068

Statements sources

The financial statements are based on the company's filings with the 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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