Robert OMeara - First Midwest Chairman of the Board
Chairman
Mr. Robert P. OMeara is no longer Chairman Emeritus of the Company effective May 16, 2018. Mr. OMeara is currently the Chairman of the Board of the Company. He has over 45 years of experience in the banking and financial services industry. Mr. OMeara previously served as Chairman of the Board of the Company from 1998 through 2007 and was reappointed to this position in September 2008. Mr. OMeara also is a member of the Board of Directors of First Midwest Bank and previously served as Chairman of the Board of the Bank from 2008 through 2011, and Vice Chair from 2011 through 2014. Mr. OMeara served as the Companys Chief Executive Officer from 1987 through 2002 and as its Chief Operating Officer from 1983 to 1987. Prior to his tenure with the Company, Mr. OMeara served as President and Chief Executive Officer of Citizens National Bank of Waukegan from 1970 to 1983. Prior thereto, he was in private law practice in Lake County, Illinois, and he remains a licensed lawyer in the State of Illinois. Mr. OMeara also has served in various leadership positions with several civic and charitable organizations in the metropolitan Chicago area. Mr. OMeara serves as a member and the Chair of the Advisory Committee since 2017.
| Age | 78 |
| Tenure | 7 years |
| Phone | 708 831-7483 |
| Web | www.firstmidwest.com |
First Midwest Management Efficiency
The company has return on total asset (ROA) of 0.9 % which means that it generated a profit of $0.9 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 7.15 %, meaning that it created $7.15 on every $100 dollars invested by stockholders. First Midwest's management efficiency ratios could be used to measure how well First Midwest manages its routine affairs as well as how well it operates its assets and liabilities.The company currently holds 1.71 B in liabilities with Debt to Equity (D/E) ratio of 0.18, which may suggest the company is not taking enough advantage from borrowing. Debt can assist First Midwest until it has trouble settling it off, either with new capital or with free cash flow. So, First Midwest's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like First Midwest Bancorp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for First to invest in growth at high rates of return. When we think about First Midwest's use of debt, we should always consider it together with cash and equity.
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Management Performance
First Midwest Bancorp Leadership Team
Elected by the shareholders, the First Midwest's board of directors comprises two types of representatives: First Midwest inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Midwest's management team and ensure that shareholders' interests are well served. First Midwest's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Midwest's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Stephen Vanderwoude, Independent Director | ||
| James Hotchkiss, Executive Vice President Treasurer of the company and Bank | ||
| Doug Rose, Chief Human Resource Officer, Executive Vice President | ||
| Thomas Brown, Independent Director | ||
| Michael Jamieson, Executive Vice President and Director of Commercial Banking | ||
| Kathryn Hayley, Director | ||
| Mark Sander, COO, Sr. Executive VP, Director and President of First Midwest Bank and COO of First Midwest Bank | ||
| Ellen Rudnick, Independent Director | ||
| Kathleen Carroll, Chief Human Resource Officer, Executive Vice President | ||
| Phupinder Gill, Independent Director | ||
| Patrick Barrett, CFO, Executive Vice President | ||
| Caryn Guinta, Executive Vice President and Director - Employee Resources of the Bank | ||
| James Roolf, IR Contact Officer | ||
| Patrick McDonnell, Independent Director | ||
| Michael Small, Independent Director | ||
| Nicholas Chulos, Executive VP, General Counsel, Corporate Secretary, Executive VP of First Midwest Bank, General Counsel of First Midwest Bank and Corporate Secretary of First Midwest Bank | ||
| Jeff Newcom, Executive Vice President and Chief Risk Officer | ||
| Barbara Boigegrain, Independent Director | ||
| John Sterling, Independent Director | ||
| Kevin Geoghegan, Executive Vice President and Chief Credit Officer | ||
| Michael Spitler, Executive Vice President and Chief Credit Officer of the Bank | ||
| Paul Clemens, CFO, Executive VP, CFO of First Midwest Bank and Executive VP of First Midwest Bank | ||
| Robert OMeara, Chairman of the Board | ||
| Jo Boylan, Executive Vice President and Chief Information and Operations Officer | ||
| Kevin Moffitt, Chief Risk Officer, Executive Vice President of the company and the Bank | ||
| Angela Putnam, Senior Vice President of the Company and Bank and Chief Accounting Officer | ||
| Robert Diedrich, Executive Vice President and Director - Wealth Management of the Bank | ||
| Michelle Hoskins, Chief Human Resource Officer, Executive Vice President | ||
| James Stadler, Executive Vice President and Chief Marketing and Communications Officer of the Bank | ||
| Peter Henseler, Independent Director | ||
| Stephen Arsdell, Independent Director | ||
| James Gaffney, Independent Director | ||
| Kent Belasco, Executive Vice President Chief Information and Operations Officer of the Bank | ||
| Frank Modruson, Director | ||
| John Chlebowski, Independent Director | ||
| Michael Scudder, CEO and President Director, Member of Advisory Committee, Chairman of First Midwest Bank and CEO of First Midwest Bank | ||
| Thomas Prame, Executive VP of First Midwest Bank and Director of Retail Banking - First Midwest Bank |
First Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Midwest a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 7.15 | |||
| Return On Asset | 0.9 | |||
| Profit Margin | 26.49 % | |||
| Operating Margin | 40.19 % | |||
| Current Valuation | 2.35 B | |||
| Shares Outstanding | 114.16 M | |||
| Shares Owned By Insiders | 0.90 % | |||
| Shares Owned By Institutions | 83.47 % | |||
| Number Of Shares Shorted | 2.58 M | |||
| Price To Earning | 13.98 X |
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Other Consideration for investing in First Stock
If you are still planning to invest in First Midwest Bancorp check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the First Midwest's history and understand the potential risks before investing.
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