First Midwest Bancorp Q1 adjusted earnings Miss Estimates

(RTTNews) - First Midwest Bancorp (FMBI) reported a profit for its first quarter that advanced from the same period last year.

The company's earnings came in at $33.20 million, or $0.33 per share. This compares with $22.62 million, or $0.23 per share, in last year's first quarter.

Excluding items, First Midwest Bancorp reported adjusted earnings of $33.20 million or $0.33 per share for the period.

Analysts had expected the company to earn $0.38 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

First Midwest Bancorp earnings at a glance:

-Earnings (Q1): $33.20 Mln. vs. $33.76 Mln. last year. -EPS (Q1): $0.33 vs. $0.34 last year. -Analysts Estimate: $0.38