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.
