First Midwest Bancorp (FMBIP) Stock Analysis

What First Midwest Bancorp does

First Midwest Bancorp, Inc. functions as the parent company for First Midwest Bank, delivering a broad spectrum of banking and financial services. The institution's product suite includes various deposit accounts, such as checking, NOW, money market, and savings accounts, alongside a selection of short-term and long-term certificates of deposit. For businesses, the company extends financing for operational funding, accounts receivable, inventory, and equipment. It also provides specialized industry lending, encompassing healthcare, asset-based finance, structured finance, and syndications, in addition to agricultural loans. For individuals and real estate, First Midwest Bank offers mortgages, home equity lines and loans, personal and specialty loans, and both secured and unsecured consumer loans. Furthermore, it finances the construction, acquisition, refinancing, or enhancement of commercial real estate properties. Beyond traditional lending and deposits, First Midwest Bank provides comprehensive treasury management solutions. These services include automated clearing house (ACH) collection, lockbox services, remote deposit capture, electronic data interchange (EDI), wire transfers, account reconciliation, controlled disbursements, direct deposit, positive pay, information reporting, corporate credit cards, and services for liquidity management, fraud prevention, and merchant processing. Moreover, the bank offers trust and estate administration, financial planning, investment advisory, employee benefit plan administration, and private banking services. These specialized offerings are tailored for corporate and public retirement plans, charitable foundations and endowments, affluent individuals, and multi-employer trust funds. Customers can also access debit, ATM, and credit cards, in addition to convenient internet, mobile, and telephone banking capabilities. The company further promotes financial literacy through educational services. First Midwest Bank maintains a network of 115 branches and 184 ATMs spread across the greater Chicago metropolitan area, southeastern Wisconsin, northwestern Indiana, central and western Illinois, eastern Iowa, and other markets throughout the Midwest. First Midwest Bancorp, Inc. was established in 1982 and its main office is located in Chicago, Illinois.

Key metrics

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Frequently asked questions

What is the ticker symbol for First Midwest Bancorp?

First Midwest Bancorp trades under the ticker FMBIP on NASDAQ.

Which exchange is FMBIP listed on?

FMBIP is listed on NASDAQ.

What sector does First Midwest Bancorp operate in?

First Midwest Bancorp is classified in the Financial Services sector (Banks - Regional industry).

How can PortView help analyze FMBIP in a portfolio?

PortView shows FMBIP's weight in your portfolio, its contribution to return and risk, sector exposure, indirect exposure through ETFs you own, and correlation with your other holdings.