GlobeNewswire Inc | Nov 17, 2021 05:45PM EST

November 17, 2021

CHICAGO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (First Midwest) today announced that its Board of Directors declared a quarterly cash dividend of $0.14per share on its common stock. This quarterly cash dividend will be payable on December15, 2021 to common stockholders of record on December6, 2021 and will represent the 156th 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 First Midwests 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, SeriesA (NASDAQ:FMBIP) and SeriesC (NASDAQ:FMBIO). The dividends are payable on February20, 2022 to stockholders of record as of the close of business on February5, 2022.

About First Midwest

First Midwest (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 $22 billion of assets and an additional $15 billion of assets under management. First Midwest Bank and First Midwests 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 First Midwests 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 Corporate Communications708.831.7231 708.831.7345pat.barrett@firstmidwest.com maurissa.kanter@firstmidwest.com