First Midwest Bancorp Inc. of Itasca, Ill., announced Wednesday that its second-quarter earnings rose 7%, to $26.5 million.
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Diluted earnings per share were 58 cents, 9% more than a year earlier. The $7.1 billion-asset company beat the average of analyst estimates by 2 cents. Net interest income rose 6%, to $59.4 million, and the loan-loss provision fell 25%, to $1.8 million.
Noninterest income rose 3%, to $19.7 million. Noninterest expense also rose 3%, mostly due to higher salaries, employee benefits, and professional services costs.
