First Midwest Bancorp Q4 Profit Down - Quick Facts

(RTTNews) - First Midwest Bancorp, Inc. (FMBI), the holding company of First Midwest Bank, reported that its net income for the fourth quarter of 2014 dropped to $14.6 million, or $0.19 per share from $19.2 million or $0.26 per share, for the fourth quarter of 2013.

Excluding acquisition and integration related expenses, earnings per share was $0.27 for the fourth quarter of 2014. Analysts polled by Thomson Reuters expected the company to report earnings of $0.23 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter rose to $75.82 million from $65.69 million in the prior year. Total noninterest income was $31.07 million up from $27.78 million in the previous year.