First Midwest Bancorp Reports 12% Increase In Q2 Profit

(RTTNews) - First Midwest Bancorp (FMBI) reported earnings for its second quarter that advanced compared to the same period last year.

The company said its bottom line advanced to $24.98 million, or $0.31 per share. This was up from $22.33 million, or $0.29 per share, in last year's second quarter.

Analysts had expected the company to earn $0.30 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Midwest Bancorp earnings at a glance:

-Earnings (Q2): $24.98 Mln. vs. $22.33 Mln. last year. -Earnings Growth (Y-o-Y): 11.9% -EPS (Q2): $0.31 vs. $0.29 last year. -EPS Growth (Y-o-Y): 6.9% -Analysts Estimate: $0.30