GlobeNewswire Inc | May 20, 2021 03:13PM EDT

May 20, 2021

CHICAGO, May 20, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (the Company) today announced that its Board of Directors declared a quarterly cash dividend of $0.14per share on the Companys common stock. This quarterly cash dividend will be payable on July13, 2021 to common stockholders of record on June25, 2021 and will represent the 154th consecutive cash dividend paid by First Midwest since its inception in 1983.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50per share (equivalent to $0.4375per depositary share or 1/40th interest per share) on the Companys 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, SeriesA (NASDAQ:FMBIP) and SeriesC (NASDAQ:FMBIO). The dividends are payable on August20, 2021 to stockholders of record as of the close of business on August5, 2021.

About the Company

The Company (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $21 billion of assets and an additional $14 billion of assets under management. The Company and First Midwest Banks other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. The primary footprint of the Companys branch network and other locations is in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. Visit First Midwest at www.firstmidwest.com.

Investors: Media:Patrick S. Barrett Maurissa KanterEVP, Chief Financial Officer SVP, Director of Corporate708.831.7231 Communicationspat.barrett@firstmidwest.com 708.831.7345 maurissa.kanter@firstmidwest.com