First Midwest Bancorp Inc's Competitiveness
A competitive positioning analysis and financial ratio benchmarking of First Midwest Bancorp Inc (FMBI) against its publicly traded competitors: sales growth, net income, profitability, valuation and market share, plus each peer's market capitalization, revenue, income and employees. Free below: the top 5 peers. Subscriber access adds the full competitor list and CSV downloads.
Key Findings: First Midwest Bancorp Inc vs Its Competitors
- TTM: Trailing 12-month revenue of 729M vs 1,656,657M combined for its competitors (0.0% combined share).
- Trending: Latest-quarter revenue run-rate is accelerating (+4.4% annualized vs trailing 12 months), vs decelerating (-27.0%) for its tracked peer group.
- Growth: First Midwest Bancorp Inc generated 13.7% revenue growth year over year in Q3 2021, vs 12.0% for its competitors combined.
- Profitability: Its 28.6% net margin compares with 26.7% for the peer group.
- Peer revenue share: First Midwest Bancorp Inc accounted for 0.1% of combined revenue among its tracked peer group, up from 0.1% a year earlier.
- Peer differentiation: Revenue per employee of $0.41M compares with $0.77M for the peer group (0.5x).
Every figure above is sourced and cited in detail further down this page (Market Structure, Profitability & Cost Structure, Productivity vs Peers).
FMBI Sales vs. its Competitors, Q3 2021
First Midwest Bancorp Inc reported revenue growth of 13.73 % year on year in Q3 2021, above its competitors' combined revenue growth of 11.96 %.
With a net margin of 28.55 %, First Midwest Bancorp Inc achieved higher profitability than its competitors (26.68 %).
First Midwest Bancorp Inc generated 0.06 % of the combined sales of its peer group, up from 0.06 % a year earlier.
API endpoints for this dataset
First Midwest Bancorp Inc vs. its Competitors, Q3 2021
Revenue growth, year on year
Net income growth, year on year
Net margin
Revenue run-rate vs trailing 12 months
TTM net margin
TTM = trailing twelve months. Run-rate annualizes the latest quarter (×4) and compares it to TTM. In millions of $. High-Confidence Competitors are named as a competitor directly in First Midwest Bancorp Inc reports; Similar-Size Competitors are the closest peers by market-cap rank within the same industry; Similar Growth & Profitability Competitors are the closest peers by combined revenue growth, operating margin and ROIC, all independent of the competitor list.
TTM revenue, latest-quarter run-rate and net income/margin benchmarked across First Midwest Bancorp Inc and its 4 competitor groupings. Available under Commercial License.
| Entity | TTM Revenue | Rev Run-rate vs TTM |
|---|---|---|
| First Midwest Bancorp Inc | $12,345M | +12.3% · Accelerating |
| Competitors combined | $12,345M | +12.3% · Accelerating |
TTM revenue, run-rate and net margin benchmarking across First Midwest Bancorp Inc's competitor groups requires a Commercial License.
For context: the Commercial Banks industry grew revenue -5.7% year over year, combined, vs 13.7% for First Midwest Bancorp Inc. First Midwest Bancorp Inc's share of combined industry revenue moved from 0.06% to 0.07%, a gain of 0.01 percentage points.
First Midwest Bancorp Inc's Competitor Quality Breadth
Group definitions: see Methodology: Performance Group Definitions.
| Entity | Profitable | Expanding | Above Industry Growth | Distressed |
|---|---|---|---|---|
| First Midwest Bancorp Inc | Yes | Yes | Yes | No |
| Competitors combined (274) |
Source: CSIMarket API, trailing 12 months. Altman Z-Score is not shown here: it is not populated in the underlying data for any company. Percentages are of companies in each group that report the relevant metric, not of the full group size.
FMBI Stock Performance relative to its Competitors
5 Best-Performing Tracked Competitors, Trailing 12 Months
| # | Competitor | TTM Share Price Return | vs U.S.A. 500 |
|---|---|---|---|
| 1 | Brookline Bancorp inc | 282.9% | Outperformed |
| 2 | Community Ban corp | 282.9% | Outperformed |
| 3 | Lionsgate Studios Corp | 282.9% | Outperformed |
| 4 | Peapack gladstone Financial Corporation | 282.9% | Outperformed |
| 5 | F and m Bank Corp | 282.9% | Outperformed |
TTM share price return and U.S.A. 500 outperformance for First Midwest Bancorp Inc's best-performing competitors requires a Commercial License.
Source: CSIMarket API, trailing 12 months.
First Midwest Bancorp Inc's Comment on Competition and Industry Peers
The banking and financial services industry in the markets in which the Bank operates (and particularly the Chicago metropolitan area) is highly competitive. Generally, the Bank competes with other local, regional, national, and internet banks and savings and loan associations; personal loan and finance companies; credit unions; mutual funds; and investment brokers.
Competition is driven by a number of factors, including interest rates charged
on loans and paid on deposits; the ability to attract new deposits; the scope
and type of banking and financial services offered; the hours during which business
can be conducted; the location of bank branches and ATMs; the availability,
ease of use, and range of banking services provided on the internet and through
mobile devices; the availability of related services; and a variety of additional
services, such as wealth management services.
In providing investment advisory services, the Bank also competes with retail
and discount stockbrokers, investment advisors, mutual funds, insurance companies,
and other financial institutions for wealth management customers. Competition
is generally based on the variety of products and services offered to customers
and the performance of funds under management. The Companys main competitors
are financial service providers both within and outside of the geographic areas
in which the Bank maintains offices.
The Company faces competition in attracting and retaining qualified employees.
Its ability to continue to compete effectively will depend on its ability to
attract new employees and retain and motivate existing employees.
Publicly Traded Peers of First Midwest Bancorp Inc
Revenue and income for trailing 12 months, in millions of $, except employees| Company | Market Cap | Revenues |
|---|---|---|
 First Midwest Bancorp Inc |
2,447.32 | 729.14 |
 Jpmorgan Chase and Co |
897,436.67 | 190,733.00 |
 Bank Of America Corporation |
356,921.12 | 122,968.00 |
 Morgan Stanley |
284,679.36 | 68,350.00 |
 The Goldman Sachs Group Inc |
260,698.40 | 42,162.00 |
 Wells Fargo and Company |
256,142.91 | 85,055.00 |
| SUBTOTAL | 4,379,707.01 | 1,810,959.76 |
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Sources: see Methodology: Peer & Competitor Identification, Sourcing.
Updated on:
Focus of this report: publicly traded companies. Ten additional tables on First Midwest Bancorp Inc versus competitors, including market share analysis, are in the navigation menu under Competition. To download the tables, please subscribe.
First Midwest Bancorp Inc's Competitors Named by the Company
Competitive relationships identified from First Midwest Bancorp Inc reports and corroborating sources, each with a basis and confidence.| Competitor | Basis | Confidence |
|---|---|---|
| Wsfs Financial Corporation | Company report | 85% |
| Huntington Bancshares Incorporated | Company report | 85% |
| Old National Bancorp | Company report | 85% |
| Comerica Incorporated | Company report | 85% |
| Fnb Corp | Company report | 85% |
| Texas Capital Bancshares Inc | Company report | 85% |
| Citizens Financial Group Inc | Company report | 85% |
| Veritex Holdings inc | Company report | 85% |
| Associated Banc corp | Company report | 85% |
| Regions Financial Corporation | Company report | 85% |
| Equity Bancshares Inc | Company report | 85% |
| Citigroup inc | Company report | 85% |
| County Bancorp Inc | Company report | 85% |
| Svb Financial Group | Company report | 85% |
| First Citizens Bancshares Inc | Company report | 85% |
| Cit Group Inc | Company report | 85% |
| Keycorp | Company report | 85% |
| First Horizon Corp | Company report | 85% |
| Commerce Bancshares Inc | Company report | 85% |
| The First Bancshares Inc | Company report | 85% |
| Bok Financial Corp | Company report | 85% |
| First Interstate Bancsystem Inc | Company report | 85% |
| Park National Corporation | Company report | 85% |
| Uwharrie Capital Corp | Company report | 85% |
| Popular Inc | Company report | 85% |
| Tristate Capital Holdings Inc | Company report | 85% |
| Zions Bancorporation National Association | Company report | 85% |
| Bank Of America Corporation | Company report | 85% |
| Jpmorgan Chase and Co | Company report | 85% |
| First Business Financial Services Inc | Company report | 85% |
| Wells Fargo and Company | Company report | 85% |
| National Bank Holdings Corp | Company report | 85% |
| Southstate Bank Corp | Company report | 85% |
| East West Bancorp inc | Company report | 85% |
| West Bancorporation Inc | Company report | 85% |
| First Busey Corporation | Company report | 85% |
| Peoples United Financial Inc | Company report | 85% |
| Pnc Financial Services Group Inc | Company report | 85% |
| Stifel Financial Corp | Company report | 85% |
| Banc Of California Inc | Company report | 85% |
| Simmons First National Corp | Company report | 85% |
| First Financial Bankshares Inc | Company report | 85% |
| Truist Financial Corporation | Company report | 85% |
| M and t Bank Corporation | Company report | 85% |
| Capital one financial corp | Company report | 85% |
| Bankfinancial Corp | Company report | 85% |
| Northern Trust Corporation | Company report | 85% |
| Wintrust Financial Corp | Company report | 85% |
| Fifth Third Bancorp | Company report | 85% |
| Prosperity Bancshares Inc | Company report | 85% |
Company report basis, confidence, active dates and source counts for First Midwest Bancorp Inc's named competitors require a Commercial License.
Methodology: see Methodology: Peer & Competitor Identification, Sourcing.
First Midwest Bancorp Inc's Business Segment Mix vs Peers
Revenue by operating segment or division, as named and reported by each company. Segment names are the filer's own and are not standardized across companies. Do not assume a same-named or similarly-named segment is defined identically between two companies. Shares are of each company's own total revenue and are not required to sum to 100% (intersegment revenue, unallocated items).| Company | Largest Segment |
|---|---|
| Citigroup inc | Markets 29.42 % |
| Schwab Charles Corp | Investor Services 78.17 % |
| Capital one financial corp | Credit Card 74.32 % |
| Apollo Global Management Inc | Retirement Services 91.20 % |
| Energy Transfer Lp | Investment In Sunoco LP 38.49 % |
Source: operating segment revenue as reported in each company's reports (10-K/10-Q), via the CSIMarket API, leaf-level reportable segments only (parent roll-up segments are excluded where sub-segments are separately disclosed).
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First Midwest Bancorp Inc's Productivity vs Peers Comparison
Revenue and income per employee, trailing 12 months, in $; market cap in millions of $| Company | Market Cap | Revenue / Employee | Income / Employee |
|---|---|---|---|
| First Midwest Bancorp Inc | 2,447 | 407,341 | 106,753 |
| Jpmorgan Chase and Co | 897,437 | 598,825 | 204,714 |
| Bank Of America Corporation | 356,921 | 577,315 | 150,793 |
| Morgan Stanley | 284,679 | 823,494 | 245,422 |
| The Goldman Sachs Group Inc | 260,698 | 889,494 | 467,700 |
| Wells Fargo and Company | 256,143 | 355,879 | 96,699 |
| PEERS TOTAL | 4,377,260 | 768,147 | 146,940 |
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First Midwest Bancorp Inc's Geographic Revenue Exposure vs Peers
Revenue by country/region as reported in each company's most recent report. Disclosure granularity varies by filer (some report by country, others by broad region) and is shown as disclosed.| Company | Largest Market |
|---|---|
| Blackrock Inc | Americas 64.41 % |
| Franklin Resources Inc | United States 72.53 % |
| Invesco Ltd | Americas 75.67 % |
| Stifel Financial Corp | Americas 57.23 % |
| Houlihan Lokey Inc | United States 69.51 % |
Source: revenue geography as reported in each company's reports (10-K/10-Q), via the CSIMarket API. Percentages are of that company's own total consolidated revenue for its most recent reported period.
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First Midwest Bancorp Inc's Profitability & Cost Structure
Trailing 12-month margins from SEC-filed financials. Operating margin is compared to the Commercial Banks industry median; gross margin, EBITDA margin and capital intensity are compared to the live industry average (2 companies). See the full Commercial Banks industry profitability benchmarks.| Metric | Company | Industry | Difference |
|---|---|---|---|
| Gross Margin | - | 0.96 % (avg) | - |
| Operating Margin | - | industry median | - |
| EBITDA Margin | 39.74 % | 0.23 % (avg) | +39.5 pp |
| Capital Intensity (Capex / Revenue) | 1.22 % | 0.98 % (avg) | +0.2 pp |
Source: CSIMarket API, trailing 12 months. SG&A and R&D as a share of revenue have limited coverage as this data is backfilled and appear only where reported. Higher capital intensity is not inherently negative; it reflects the industry's asset requirements.
First Midwest Bancorp Inc's Valuation vs Competitive Position
Valuation multiples vs the Commercial Banks industry average (2 companies, excluding loss-making/negative-equity outliers), alongside returns on capital for context on whether a premium or discount lines up with measurably stronger or weaker returns. See the full Commercial Banks industry valuation benchmarks.| Metric | Company | Industry Average | Difference |
|---|---|---|---|
| P/E | 12.0x | 10.9x | +1.1x |
| EV / EBITDA | 7.9x | 5.2x | +2.7x |
| P/B | 0.8x | 1.6x | -0.9x |
| Return on Equity | 7.10 % | industry aggregate | -5.58 % |
| Return on Invested Capital | 4.10 % | 0.00 % (avg) | 4.10 % |
Source: CSIMarket API, trailing 12 months. A valuation premium or discount is not, by itself, a judgment of over- or under-valuation. Compare it against the return and growth context shown elsewhere on this page.
First Midwest Bancorp Inc's Multi-Year Financial Trajectory
Fiscal-year revenue growth, operating margin, return on invested capital and P/E, as reported in company reports.| Metric | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue Growth | 76.85 % | -0.12 % | 11.12 % | 11.94 % | 26.33 % | 1.57 % | 15.32 % | - |
| Operating Margin | - | - | 28.06 % | 28.98 % | 31.13 % | - | - | - |
| Return on Invested Capital | - | - | 5.00 % | 4.74 % | 4.52 % | 4.57 % | 5.17 % | - |
| P/E | - | - | 16.6x | 20.8x | 25.4x | 15.0x | 11.6x | 15.6x |
Source: CSIMarket API, fiscal-year figures. P/E is this company's own historical ratio at each fiscal year end and can swing sharply around an earnings trough: that is real, not a data error.
First Midwest Bancorp Inc's Competitive Forces (Porter's Five Forces)
Only the forces this data can support honestly are shown; the other three are marked as such rather than guessed.| Force | Assessment | Basis |
|---|---|---|
| Barriers to Entry | High (capital intensive) | Capital intensity (capex / revenue) of 1.22 % vs industry average 0.98 % (see Profitability & Cost Structure above) |
Note: see Methodology: Porter's Five Forces. Supplier power and buyer power are covered on First Midwest Bancorp Inc's dedicated Suppliers and Customers pages, not here.
First Midwest Bancorp Inc's Industry Attractiveness & Competitive Strength
See Methodology: GE/McKinsey Matrix for how the two axes are built.
First Midwest Bancorp Inc falls in the Low attractiveness / High strength cell: Selective.
Source: CSIMarket API, trailing 12 months. Each axis score is a simple 1(low)/2(medium)/3(high) average across its three inputs -- a transparent, disclosed simplification, not a validated academic scoring model.
First Midwest Bancorp Inc's SWOT
Every point below is a fixed rule applied to a metric already shown elsewhere on this page (Market Structure, Profitability, Valuation, Run-Rate, Stock Performance, Quality Breadth) not an independent strategic assessment. A blank quadrant means no rule was met, not that none apply.Strengths
- Latest-quarter revenue run-rate is accelerating (+4.4% annualized vs trailing 12 months).
Weaknesses
- Return on equity 5.6 points below the industry aggregate.
Opportunities
- Industry revenue growing at a healthy 11.3% median pace.
Threats
- Tracked peer group's revenue run-rate is broadly decelerating (-27.0% annualized).
- High capital intensity requires continuous reinvestment just to keep pace with the industry.
Methodology: see Methodology: SWOT Analysis.
First Midwest Bancorp Inc's Financial Strength vs Peers Comparison
Quick ratio, working capital, debt to equity and asset turnover, trailing 12 months| Company | Quick Ratio | Working Capital | Debt / Equity |
|---|---|---|---|
| First Midwest Bancorp Inc | 0.08 | 0.59 | 0.59 |
| Jpmorgan Chase and Co | 0.15 | 0.42 | 1.41 |
| Bank Of America Corporation | 0.10 | 0.52 | 1.27 |
| Morgan Stanley | 0.40 | 1.12 | 3.16 |
| The Goldman Sachs Group Inc | 0.43 | 0.79 | 3.30 |
| Wells Fargo and Company | 0.11 | 0.80 | 1.16 |
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Quick ratio = cash / current liabilities; working capital ratio = current assets / current liabilities; asset turnover = revenue / total assets. Peers in the Blank Checks industry are excluded.
First Midwest Bancorp Inc's Revenue and Income Growth vs Peers
Quarterly revenue and net income growth, year over year and quarter over quarter| Company | Period | Revenue Y/Y | Income Y/Y |
|---|---|---|---|
| First Midwest Bancorp Inc | Q3 2021 | +13.7 % | +98.4 % |
| Jpmorgan Chase and Co | Q3 2026 | +10.2 % | +9.0 % |
| Bank Of America Corporation | Q3 2026 | +3.2 % | -16.8 % |
| Morgan Stanley | Q2 2026 | -30.6 % | +58.1 % |
| The Goldman Sachs Group Inc | Q3 2026 | -68.0 % | +29.2 % |
| Wells Fargo and Company | Q3 2026 | +5.4 % | +6.9 % |
| PEERS TOTAL | +5.7 % | +7.6 % |
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Growth is shown only where both periods are positive. Peers in the Blank Checks industry are excluded.
First Midwest Bancorp Inc's Peers' Costs of Sales and Capital Expenditures
Context for revenue growth: peer costs and capex, year over year and quarter over quarter| Company | Period | Costs Y/Y | Capex Y/Y |
|---|---|---|---|
| First Midwest Bancorp Inc | Q3 2021 | - | -34.9 % |
| Jpmorgan Chase and Co | Q3 2026 | -12.8 % | - |
| Bank Of America Corporation | Q3 2026 | - | - |
| Morgan Stanley | Q2 2026 | - | +7.3 % |
| The Goldman Sachs Group Inc | Q3 2026 | +8.6 % | -5.9 % |
| Wells Fargo and Company | Q3 2026 | +31.5 % | - |
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First Midwest Bancorp Inc's Returns and Turnover vs Peers
ROA, ROI and ROE (trailing 12 months), receivables and inventory turnover| Company | ROA | ROI | ROE |
|---|---|---|---|
| First Midwest Bancorp Inc | 0.89% | 5.93% | 7.10% |
| Jpmorgan Chase and Co | 1.34% | 1.65% | 17.70% |
| Bank Of America Corporation | 0.93% | 1.18% | 10.69% |
| Morgan Stanley | 1.35% | 1.95% | 17.85% |
| The Goldman Sachs Group Inc | 1.08% | 1.63% | 17.90% |
| Wells Fargo and Company | 1.04% | 1.23% | 12.78% |
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ROA = net income / total assets; ROI = net income / investments; ROE = net income / equity; turnover ratios use trailing 12 month revenue (receivables) and cost of sales (inventory).
First Midwest Bancorp Inc's Valuation vs Peers
P/E, price to sales, PEG, price to cash flow and price to book| Company | P/E | Price / Sales |
|---|---|---|
| First Midwest Bancorp Inc | 13.97 | 3.36 |
| Jpmorgan Chase and Co | 14.07 | 4.71 |
| Bank Of America Corporation | 11.79 | 2.90 |
| Morgan Stanley | 14.68 | 4.17 |
| The Goldman Sachs Group Inc | 12.49 | 6.18 |
| Wells Fargo and Company | 11.91 | 3.01 |
| PEERS AVERAGE | 12.64 | 2.42 |
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P/E = price / diluted EPS (trailing 12 months); PEG = P/E divided by EPS growth; the average row divides the peers' combined market cap by their combined income, sales, cash flow and equity.