First Midwest Bancorp Q2 adjusted earnings Beat Estimates

(RTTNews) - First Midwest Bancorp (FMBI) revealed earnings for second quarter that declined from the same period last year.

The company's profit came in at $29.60 million, or $0.29 per share. This compares with $34.95 million, or $0.34 per share, in last year's second quarter.

Excluding items, First Midwest Bancorp reported adjusted earnings of $40.62 million or $0.40 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 (Q2): $40.62 Mln. vs. $35.32 Mln. last year. -EPS (Q2): $0.40 vs. $0.35 last year. -Analysts Estimate: $0.38