RTTNews | Jul 20, 2021 09:06AM EDT

09:06 Tuesday, July 20, 2021 (RTTNews.com) - First Midwest Bancorp Inc. (FMBI) reported Tuesday that net income applicable to common shares for the second quarter surged to $47 million or $0.41 per share from $18 million or $0.16 per share in the prior-year quarter.

Adjusted earnings per share were $0.46 compared to $0.19 last year. On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.37 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew 7 percent to $191 million from last year. Analysts expected revenues of $188.21 million for the quarter.

Net interest income edged down 0.7 percent to $144 million and non-interest income improved 40 percent to $46 million from last year.

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