trending Market Intelligence /marketintelligence/en/news-insights/trending/tv0vwsxzuncqgtninrlrjg2 content esgSubNav
In This List

First Midwest Bancorp issues 2018 guidance

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


First Midwest Bancorp issues 2018 guidance

First Midwest Bancorp Inc. predicts mid-single digit loan growth on average and low-single digit average deposit growth for full year 2018, according to the company's fourth quarter 2017 earnings presentation.

The company predicts near-term net charge-offs to be in the mid-20-basis-point range, while the allowance for credit losses/loans is expected to be in the mid-single-digits.

The outlook for net interest income is in the mid- to high-single digits with continued expansion of net interest margin, excluding accretion. Scheduled accretion for full year 2018 is $18 million.

Low-single digit growth is predicted in noninterest income for the Itasca. Ill.-based company in 2018, due to the impact of the Durbin Amendment, effective from the second-half of 2017 for the company.

A low-single digit increase is expected in the annualized run rate of First Midwest's noninterest expense, excluding the $4 million impact of tax reform.