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First Midwest Bancorp (First Midwest Bancorp) Net Interest Margin (Bank Only) % : 3.22% (As of Sep. 2021)


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What is First Midwest Bancorp Net Interest Margin (Bank Only) %?

Net Interest Margin (Bank Only) % is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

GuruFocus calculates Net Interest Margin (Bank Only) % as Net Interest Income (for Banks) divided by its average earning assets. First Midwest Bancorp's annualized Net Interest Income (for Banks) for the quarter that ended in Sep. 2021 was $580.8 Mil. First Midwest Bancorp's average earning assets for the quarter that ended in Sep. 2021 was $18,011.2 Mil. Therefore, First Midwest Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2021 was 3.22%.


First Midwest Bancorp Net Interest Margin (Bank Only) % Historical Data

The historical data trend for First Midwest Bancorp's Net Interest Margin (Bank Only) % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Midwest Bancorp Net Interest Margin (Bank Only) % Chart

First Midwest Bancorp Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Net Interest Margin (Bank Only) %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 4.22 3.99 4.01 3.47 3.21

First Midwest Bancorp Quarterly Data
Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21
Net Interest Margin (Bank Only) % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.34 3.14 3.18 3.22 3.11

Competitive Comparison of First Midwest Bancorp's Net Interest Margin (Bank Only) %

For the Banks - Regional subindustry, First Midwest Bancorp's Net Interest Margin (Bank Only) %, along with its competitors' market caps and Net Interest Margin (Bank Only) % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Midwest Bancorp's Net Interest Margin (Bank Only) % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Midwest Bancorp's Net Interest Margin (Bank Only) % distribution charts can be found below:

* The bar in red indicates where First Midwest Bancorp's Net Interest Margin (Bank Only) % falls into.



First Midwest Bancorp Net Interest Margin (Bank Only) % Calculation

Net Interest Margin (Bank Only) % (NIM) is a measure of the difference between the interest income generated by banks or other financial institutions and the amount of interest paid out to their lenders (for example, deposits), relative to the amount of their interest-earning assets. It is usually calculated as a percentage of what the financial institution earns on loans in a time period and other assets minus the interest paid on borrowed funds divided by the average amount of the assets on which it earned income in that time period (the average earning assets).

First Midwest Bancorp's annualized Net Interest Margin (Bank Only) % for the fiscal year that ended in Dec. 2020 is calculated as

Net Interest Margin (Bank Only) %(A: Dec. 2020 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (A: Dec. 2019 ) + Earning Assets (A: Dec. 2020 ))/ count )
=579.649/( (15669.827 + 17697.098)/ 2 )
=579.649/16683.4625
=3.47 %

where

Earning Assets(A: Dec. 2019 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 12732.308 + 2937.519
=15669.827

Earning Assets(A: Dec. 2020 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 14512.215 + 3184.883
=17697.098

First Midwest Bancorp's annualized Net Interest Margin (Bank Only) % for the quarter that ended in Sep. 2021 is calculated as

Net Interest Margin (Bank Only) %(Q: Sep. 2021 )
=(Interest Income + Interest Expense)/Average Earning Assets
=Net Interest Income (for Banks)/( (Earning Assets (Q: Jun. 2021 ) + Earning Assets (Q: Sep. 2021 ))/ count )
=580.784/( (18101.382 + 17921.1)/ 2 )
=580.784/18011.241
=3.22 %

where

Earning Assets(Q: Jun. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 14820.618 + 3280.764
=18101.382

Earning Assets(Q: Sep. 2021 )
=Money Market Investments + Net Loan + Securities & Investments
=0 + 14582.491 + 3338.609
=17921.1

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: Interest Expense is the negative value.

In the calculation of annual Net Interest Margin (Bank Only) %, the Net Interest Income (for Banks) of the last fiscal year and the average earning assets over the fiscal year are used. In calculating the quarterly data, the Net Interest Income (for Banks) data used here is four times the quarterly (Sep. 2021) net interest income data. Net Interest Margin (Bank Only) % is displayed in the 30-year financial page for Banks.


First Midwest Bancorp  (NAS:FMBI) Net Interest Margin (Bank Only) % Explanation

The negative value of Net Interest Margin (Bank Only) % mean the firm pays more interest for its debt than the interest revenue generated from its investment.


First Midwest Bancorp Net Interest Margin (Bank Only) % Related Terms

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First Midwest Bancorp (First Midwest Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
8750 West Bryn Mawr Avenue, Suite 1300, Chicago, IL, USA, 60631-3655
First Midwest Bancorp Inc is a relationship-focused financial institution and largest independent publicly traded bank holding company based on assets headquartered in Chicago and the Midwest, with approximately $21 billion of assets and an additional $14 billion of assets under management. It provides a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. First Midwest operates branches and other locations throughout metropolitan Chicago, southeast Wisconsin, northwest Indiana, eastern Iowa and other markets in the Midwest.
Executives
James P Hotchkiss officer: EVP and Treasurer ONE PIERCE PLACE SUITE 1500 ITASCA IL 60143
Kevin P Geoghegan officer: EVP, Chief Credit Officer 8750 WEST BRYN MAWR AVENUE SUITE 1300 CHICAGO IL 60631
Phupinder Gill director 20 S. WACKER DR, CHICAGO IL 60606
Thomas Lynn Brown director 8750 W. BRYN MAWR, SUITE 1300, CHICAGO IL 60631
Van Arsdell Stephen C director ONE PIERCE PLACE, SUITE 1500, ITASCA IL 60143
Jo Ann Boylan officer: EVP, Chief Info/Ops Officer ONE PIERCE PLACE SUITE 1500 ITASCA IL 60143
Michael Small director C/O CENTENNIAL COMMUNICATIONS CORP, 3349 RTE 138, WALL NJ 07719
Frank Blaise Modruson director C/O ZEBRA TECHNOLOGIES CORPORATION, 3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Barbara A Boigegrain director ONE PIERCE PLACE, SUITE 1500, ITASCA IL 60143
Ellen A Rudnick director 5807 SOUTH WOODLAWN AVENUE, MP POLSKY CENTER FOR ENTREPRENEURSHIP, CHICAGO IL 60637
Peter J Henseler director C/O RC2 CORPORATION, 1111 WEST 22ND STREET, SUITE 320, OAK BROOK IL 60523
R Douglas Rose officer: EVP, Chief HR Officer 2500 LAKE COOK ROAD, RIVERWOODS IL 60015
Kathryn Hayley director C/O AON CORPORATION, LAW DEPT, 200 EAST RANDOLPH STREET, 8TH FLOOR, CHICAGO IL 60601
Michael L Scudder director, officer: Chairman & CEO 300 PARK BLVD, SUITE 405, ITASCA IL 60143
J Stephen Vanderwoude director 300 PARK BLVD SUITE 405 ITASCA IL 60143

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