RTTNews | Jan 18, 2022 08:47AM EST

08:46 Tuesday, January 18, 2022 (RTTNews.com) - First Midwest Bancorp Inc. (FMBI) reported Tuesday that net income applicable to common shares for the fourth quarter increased to $44.12 million or $0.39 per share from $37.19 million or $0.33 per share in the prior-year quarter.

Adjusted earnings per share for the quarter were $0.41 compared to $0.43 last year. On average, four analysts polled by Thomson Reuters expected the company to report earnings of $0.44 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenue for the quarter grew 4 percent to $183 million from last year. Analysts expected revenues of $190.30 million for the quarter.

Net interest income declined 6.3 percent to $138.78 million, while non-interest income surged 60.5 percent to $44.48 million from last year.

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