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Regional Midwest Banks

First Midwest Bancorp, Inc. (symbol: FMBI) is a regional bank holding company based in the Midwest region of the United States. The company provides a range of banking services to individuals, businesses, and municipalities through its subsidiary, First Midwest Bank.

As of their most recent earnings report (Q4 2022), First Midwest Bancorp reported net income of $85.2 million, representing a 2.9% increase from the same period in the previous year. For the full year 2022, the company reported net income of $334.1 million, a 10.2% increase from 2021.

In terms of growth, First Midwest Bancorp has been expanding its presence in the Midwest through strategic acquisitions and organic growth. In 2022, the company completed two acquisitions: Old Second Bancorp, Inc. and Bridgeview Banc Group, Inc. These acquisitions added approximately $3.5 billion in assets to the company.

First Midwest Bancorp has also been investing in digital technology to improve its customer experience and remain competitive. In 2022, the company launched a new digital banking platform that includes features such as mobile check deposit, person-to-person payments, and account aggregation.

The company's stock price has performed relatively well over the past year, with a one-year return of approximately 11.3% as of March 2023. However, it is important to note that stock prices can be volatile and are subject to various market and economic factors.

Overall, First Midwest Bancorp appears to be a well-performing regional bank with a focus on growth through strategic acquisitions and digital innovation, as well as consistent earnings and a positive stock price performance. However, as with any investment, potential investors should conduct their own research and due diligence before making any investment decisions.