First Midwest Bancorp: 1Q Earnings Snapshot

CHICAGO (AP) _ First Midwest Bancorp Inc. (FMBI) on Tuesday reported first-quarter net income of $45.7 million.

The bank, based in Chicago, said it had earnings of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 46 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 45 cents per share.

The holding company for First Midwest Bank posted revenue of $197.4 million in the period. Its revenue net of interest expense was $173.9 million, falling short of Street forecasts. Five analysts surveyed by Zacks expected $175 million.

First Midwest Bancorp shares have increased 7 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $21.24, a decline of 16 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FMBI at https://www.zacks.com/ap/FMBI