RTTNews | Oct 19, 2021 08:19AM EDT

08:19 Tuesday, October 19, 2021 (RTTNews.com) - First Midwest Bancorp Inc. (FMBI) reported Tuesday that net income applicable to common shares for the third quarter surged to $50.31 million or $0.44 per share from $23.35 million or $0.21 per share in the prior-year quarter.

Adjusted earnings per share were $0.46 compared to $0.33 last year. On average, six analysts polled by Thomson Reuters expected the company to report earnings of $0.42 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew 14 percent to $190 million from last year. Analysts expected revenues of $189.86 million for the quarter.

Net interest income grew 1.7 percent to $145 million and non-interest income improved 11.3 percent to $45.18 million from last year.

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