First Midwest Bancorp, Inc. Declares Quarterly Dividends

Rhea-AI Summary

First Midwest Bancorp, Inc. announced a quarterly cash dividend of $0.14 per share on its common stock, payable on December 15, 2021, to shareholders of record by December 6, 2021. This marks the 156th consecutive cash dividend since the company's inception in 1983. Additionally, a dividend of $17.50 per share will be paid on its 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock (Series A and C) on February 20, 2022, to stockholders of record as of February 5, 2022.

Positive

• 156 consecutive cash dividends indicate strong financial health.
• The dividend payout reflects confidence in ongoing profitability.

Negative

• None.

CHICAGO, Nov. 17, 2021 (GLOBE NEWSWIRE) -- First Midwest Bancorp, Inc. (“First Midwest”) today announced that its Board of Directors declared a quarterly cash dividend of $0.14 per share on its common stock. This quarterly cash dividend will be payable on December 15, 2021 to common stockholders of record on December 6, 2021 and will represent the 156^th consecutive cash dividend paid by First Midwest since its inception in 1983.

In addition, the Board of Directors declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40^th interest per share) on First Midwest’s 7.0% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A (NASDAQ: FMBIP) and Series C (NASDAQ: FMBIO). The dividends are payable on February 20, 2022 to stockholders of record as of the close of business on February 5, 2022.

About First Midwest

First Midwest (NASDAQ: FMBI) is a relationship-focused financial institution and one of the largest independent publicly traded bank holding companies based on assets headquartered in Chicago and the Midwest, with approximately $22 billion of assets and an additional $15 billion of assets under management. First Midwest Bank and First Midwest’s other affiliates provide a full range of commercial, treasury management, equipment leasing, consumer, wealth management, trust and private banking products and services. The primary footprint of First Midwest’s branch network and other locations is in metropolitan Chicago, southeast Wisconsin, northwest Indiana, central and western Illinois, and eastern Iowa. Visit First Midwest at www.firstmidwest.com.

Investors:	Media:
Patrick S. Barrett	Maurissa Kanter
EVP, Chief Financial Officer	SVP, Director of Corporate Communications
708.831.7231	708.831.7345
pat.barrett@firstmidwest.com	maurissa.kanter@firstmidwest.com

FAQ

What is the dividend payout date for First Midwest Bancorp common stock?

The dividend payout date for First Midwest Bancorp common stock is December 15, 2021.

How much is the quarterly cash dividend for First Midwest Bancorp?

The quarterly cash dividend for First Midwest Bancorp is $0.14 per share.

When will the preferred stock dividends be paid?

Dividends on the preferred stock will be paid on February 20, 2022.

What is the dividend amount for First Midwest Bancorp's preferred stock?

The dividend amount for First Midwest Bancorp's preferred stock is $17.50 per share.

How many consecutive cash dividends has First Midwest Bancorp paid?

First Midwest Bancorp has paid 156 consecutive cash dividends.