First Midwest Bancorp Q4 Profit Tops View

(RTTNews) - First Midwest Bancorp Inc. (FMBI), the holding company of First Midwest Bank , reported that its net income for the fourth quarter of 2018 was $41.4 million or $0.39 per share, compared to $2.3 million, or $0.02 per share for the fourth quarter of 2017. Reported results for the fourth quarter of 2017 were impacted by various actions taken by the Company in light of tax reform.

Earnings per share, adjusted was $0.48 for the fourth quarter of 2018 compared to $0.34 for the fourth quarter of 2017. Analysts polled by Thomson Reuters expected the company to report earnings of $0.47 per share. Analysts' estimates typically exclude special items.

Net interest income for the fourth quarter of 2018 increased by 16.2% compared to the fourth quarter of 2017.