First Midwest's Competitors, Revenue, Number of Employees, Funding and Acquisitions

First Midwest Bank provides personal and commercial banking services for businesses and individuals.

First Midwest is hea...
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Based on data from First Midwest's latest SEC filings

Annual Revenue

Based on data from First Midwest's latest SEC filings

Employees

Michael L. Scudder's photo - Chairman & CEO of First Midwest

Chairman & CEO

Michael L. Scudder

CEO Approval Rating

81/100

OVERVIEW

Founded:

1982

Headquarters:

ItascaIllinois

Status:

PublicIndependent Company of NASDAQFMBI

Industry Sector:

Banks

Diversified Financial Services

Mortgage Finance

SIC Code:

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Competitive Analysis

TOP COMPETITORS OR ALTERNATIVES

M&t Bank is a top competitor of First Midwest. M&t Bank was founded in 1856, and is headquartered in Buffalo, New York. Like First Midwest, M&t Bank also competes in the Banks field. M&t Bank generates $3.6B more revenue vs. First Midwest.

Western Illinois Bancshares is seen as one of First Midwest's top competitors. Western Illinois Bancshares is headquartered in Monmouth, Illinois, and was founded in 2005. Like First Midwest, Western Illinois Bancshares also operates in the Banks field. Western Illinois Bancshares generates 4.95% the revenue of First Midwest.

Jacksonville Savings Bank has been one of First Midwest's top competitors. Jacksonville Savings Bank's headquarters is in Jacksonville, Illinois, and was founded in 1916. Like First Midwest, Jacksonville Savings Bank also works within the Banks industry. Jacksonville Savings Bank generates 2.26% of First Midwest's revenue.

RANK

COMPANY

LEADERSHIP

CEO SCORE

EMPLOYEES

TOTAL FUNDING

REVENUE

Michael L. Scudder

Chairman & CEO

- -
1,882
$0
$705.6M
1

Rene F. Jones

Chairman & CEO

89/100
16,413
- -
$6.1B
2

Augustin S. Hart

President

70/100
165
- -
$34.9M
3

Richard A. Foss

President & CEO

68/100
87
$28.7M
$14.7M
4

Bill Roop

President & CEO

66/100
95
- -
$28.6M
5

Edward Joseph Wehmer

President & CEO

77/100
4,727
$623M
$1.4B
6

Mitchell Feiger

President & CEO

88/100
3,486
$52M
$980.4M
7

Robert E. Beach

President & CEO

67/100
78
- -
$16.7M
8

Dan Miller

President & CEO

65/100
177
$52M
$59.9M
9

Louis O. Davis, Jr

President & CEO

70/100
198
- -
$60M
10

Lynn Harton

Chairman & CEO

88/100
1,916
$45.5M
$553.1M

Quarterly and Annual Revenue

Trailing 12-Months Trend (TTM)

Annual Revenue

$705.6M

First Midwest's revenue is the ranked 4th among it's top 10 competitors. The top 10 competitors average 906.5M. Over the last four quarters, First Midwest's revenue has grown by 12.6%. Specifically, in Q2 2019's revenue was $188.8M; in Q1 2019, it was $173.9M; in Q4 2018, it was $175.1M; in Q3 2018, First Midwest's revenue was $167.7M.

Acquisitions

COMPANY ACQUIRED
ACQUISITION DATE
AMOUNT
DESCRIPTION
Park Bank

Aug 2019

Source »
$195M
Park Bank provides loans, mortgages, insurance planning and wealth management services for individuals and businesses.
Bridgeview Bank Group

Dec 2018

Source »
$145M
Bridgeview provides loans, mortgages, lending, insurance planning, and wealth management services for individuals and businesses.
Northern Oak Wealth Management, Inc.

Nov 2018

Source »
undisclosed
Northern Oak is an investment advisory firm that provides portfolio management, financial planning, insurance, and taxation services.
NorStates Bank

Jun 2018

Source »
$91M
NorStates is a financial institution that focuses on providing loan, deposit and cash management services for customers.
Premier Asset Management LLC

Mar 2017

Source »
undisclosed
Premier is a provider of investment advisory services for private and institutional investors.

These are all the companies that First Midwest has acquired. First Midwest has acquired 11 companies and its latest acquisition was Park Bank in Aug 2019. Park Bank provides loans, mortgages, insurance planning and wealth management services for individuals and businesses.

Investments

No recent investments found related to First Midwest

First Midwest News

April 23, 20194-traders

First Midwest Bancorp, Inc. Announces 2019 First Quarter Results

(marketscreener.com) CHICAGO, April 23, 2019 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the "Co... See more »
April 5, 2019Benzinga

First Midwest Bancorp, Inc. Announces Schedule for 2019 First Quarter Earnings Release and Conference Call

CHICAGO, April 05, 2019 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. ("First Midwest") (NASDAQ NGS... See more »
March 19, 2019StreetInsider

First Midwest Bancorp (FMBI) Approves $180M Stock Repurchase Program

First Midwest Bancorp, Inc. (NASDAQ: FMBI) announced today that its Board of Directors has approved a... See more »
January 30, 2019Whats On Thorold

First Midwest Bancorp Inc Sentiment Worsening on Low Stock Potential

Sentiment for First Midwest Bancorp Inc (NASDAQ:FMBI) First Midwest Bancorp Inc (NASDAQ:FMBI) institu... See more »
January 24, 2019biztimes

Northern Oak acquired by Chicago bank

Northern Oak Wealth Management Inc., a Milwaukee-based registered investment advisor with about $800 ... See more »
January 18, 2019streetinsider

First Midwest Bancorp (FMBI) Announces Mark Sander Appointed as President

First Midwest Bancorp (NASDAQ NGS: FMBI) today announced it has appointed Mark Sander as President, e... See more »
January 1, 2019Thorold News

$0.48 EPS Expected for First Midwest Bancorp, Inc. (FMBI)

Investors sentiment decreased to 1.17 in Q3 2018. Its down 0.41, from 1.58 in 2018Q2. It dived, as 9 ... See more »

First Midwest Press Releases

May 22, 2018StreetInsider

First Midwest Positioning for Service Excellence, Efficiency and Growth

CHICAGO, May 21, 2018 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the “Company”) (NASDAQ NGS: FM... See more »
May 3, 2018EconoTimes

First Midwest Bancorp, Inc. to Webcast Annual Meeting of Stockholders

First Midwest Bancorp, Inc. (the “Company” or “First Midwest”) (NASDAQ:FMBI), the holding company of ... See more »
January 5, 2018StreetInsider

First Midwest Bancorp, Inc. Announces Schedule for 2017 Fourth Quarter and Full Year Earnings Release and Conference Call

First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ NGS: FMBI), the holding company of First Midwes... See more »
November 17, 2017EconoTimes

First Midwest Bancorp, Inc. Declares Fourth Quarter Cash Dividend of $0.10 Per Share

First Midwest Bancorp, Inc. (“First Midwest”) (NASDAQ:FMBI), the holding company for First Midwest Ba... See more »
October 24, 2017econotimes

First Midwest Bancorp, Inc. Announces 2017 Third Quarter Results

First Midwest Bancorp, Inc. (the "Company" or "First Midwest") (NASDAQ:FMBI), the holding company of ... See more »

First Midwest Videos

Social Statistics

Headquarters

One Pierce Place Lower Level

Itasca, Illinois60143

800-322-3623

Driving Directions »

Trending Companies

Summary

ABOUT

Overview

First Midwest Bank provides personal and commercial banking services for businesses and individuals. First Midwest was founded in 1982. First Midwest's headquarters is located in Itasca, Illinois, USA 60143. First Midwest's Chairman & CEO, Michael L....

CEO

First Midwest's Chairman & CEO, Michael L. Scudder, currently has an approval rating of 81%. First Midwest's primary competitors are M&t Bank, Western Illinois Bancshares & Jacksonville Savings Bank.

Website

firstmidwest.com

Frequently Asked Questions about First Midwest

  1. When was First Midwest founded?

    First Midwest was founded in 1982
  2. Who is First Midwest's CEO?

    First Midwest's CEO is Michael L. Scudder
  3. How much revenue does First Midwest generate?

    First Midwest generates $705.6M in revenue
  4. How much funding does First Midwest have?

    First Midwest has historically raised $0 in funding
  1. Where is First Midwest's headquarters?

    First Midwest's headquarters is in Itasca Illinois, USA
  2. How many employees does First Midwest have?

    First Midwest has 1,882 employees
  3. What sector does First Midwest operate in?

    First Midwest is in Banks, Diversified Financial Services, Mortgage Finance
  4. Who are First Midwest's competitors?

    First Midwest's top competitors are M&t Bank, Western Illinois Bancshares, Jacksonville Savings Bank