Start with its own history
At 13.98×, FMBI is 17.9% below its 9-observation annual average. A lower multiple can reflect a lower price, higher earnings, or weaker growth expectations—not necessarily a bargain.
NASDAQ · FMBIBanks - RegionalUpdated Oct 25, 2026
First Midwest Bancorp, Inc. P/E ratio
Current valuation, historical context, and peer comparisons.
Current P/E ratio
13.98×
17.9% belowthe 9-observation annual average
Share price21.51
÷Earnings per share1.539
Price and EPS in quote currency. Calculation details
Investors are paying 13.98 for every 1 of reported earnings per share.
P/E over time
2012 – 2021
Annual P/ESelected-period average 17.03×
3-year average13.61×3 positive annual observations
5-year average15.70×5 positive annual observations
10-year average17.03×9 positive annual observations
Peer median · TTM25.29×8 peers with positive P/E
Historical P/E ratios
Annual period-end data · 25 observations
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2021 | 11.70× | -29.4% |
| Dec 31, 2020 | 16.58× | +32.3% |
| Dec 31, 2019 | 12.53× | -3.2% |
| Dec 31, 2018 | 12.95× | -47.7% |
| Dec 31, 2017 | 24.75× | +13.8% |
| Dec 31, 2016 | 21.75× | +25.1% |
| Dec 31, 2015 | 17.39× | -9.6% |
| Dec 31, 2014 | 19.22× | +17.3% |
View all 25 annual observations +
| Period end | P/E | Change |
|---|---|---|
| Dec 31, 2013 | 16.38× | N/M |
| Dec 31, 2012 | N/M | N/M |
| Dec 31, 2011 | 20.67× | N/M |
| Dec 31, 2010 | N/M | N/M |
| Dec 31, 2009 | N/M | N/M |
| Dec 31, 2008 | 19.58× | +4.3% |
| Dec 31, 2007 | 18.77× | +16.0% |
| Dec 31, 2006 | 16.18× | +2.5% |
| Dec 31, 2005 | 15.79× | -7.3% |
| Dec 31, 2004 | 17.04× | +4.5% |
| Dec 31, 2003 | 16.30× | +1.9% |
| Dec 31, 2002 | 16.00× | -12.8% |
| Dec 31, 2001 | 18.34× | -10.4% |
| Dec 31, 2000 | 20.46× | -8.2% |
| Dec 31, 1999 | 22.28× | -26.7% |
| Dec 31, 1998 | 30.38× | +5.1% |
| Dec 31, 1997 | 28.92× | N/M |
Change is relative to the preceding observation. N/M values are excluded from averages.
How FMBI compares
Company P/E vs. peer trailing-12-month ratios
| Company | P/E ratio |
|---|---|
 FMBI This stockFirst Midwest Bancorp, Inc. | 13.98× |
 PPBIPacific Premier Bancorp, Inc. | 14.84× |
 IBTXIndependent Bank Group, Inc. | 58.34× |
 HTLFHeartland Financial USA, Inc. | 38.49× |
 UCBUnited Community Banks, Inc. | 31.63× |
 ITCBItaú Corpbanca | 18.95× |
 VBTXVeritex Holdings, Inc. | 15.36× |
 WTFCWintrust Financial Corporation | 11.90× |
 TFINTriumph Financial, Inc. | 32.46× |
Peers are selected by the data provider. Business models and earnings definitions can differ.
Put the numbers in context
What does FMBI’s P/E tell you?
Compare like with like
The median of the 8 positive peer ratios above is 25.29×. Check growth, margins, debt, and earnings quality before interpreting the gap. A faster-growing business may justify a higher multiple.
Check what drives earnings
One-off gains can temporarily lower P/E; unusual charges can raise it. Reported earnings and forward estimates answer different questions. Pair this view with return on equity and liquidity for a fuller picture.
Keep your research connected
Take FMBI into your spreadsheet
Pull historical P/E into Excel or Google Sheets with Wisesheets. Build your own comparisons alongside the rest of your financial model.
Explore WisesheetsQuarterly P/E · latest quarterLQ selects the latest reported quarter. Requires the Wisesheets add-in. See available data
=WISE("FMBI", "PE Ratio", "LQ")Sources & calculation methodology
Current P/E
Share price 21.51 ÷ EPS 1.539 = 13.98×. Data is supplied by Financial Modeling Prep through Wisesheets. Quote feed updated Oct 25, 2026; this is not a real-time trading quote.
History & averages
Annual and quarterly P/E observations are provided separately from the current quote. Averages use the latest 3, 5, or 10 annual observations, excluding missing and nonpositive ratios. Pre-IPO observations are omitted. These are period-end observations, not daily averages.
Data definitions and limitations
The current quote feed does not specify the exact EPS filing-period end or whether EPS is basic or diluted. We do not label it as forward P/E. Peer ratios are explicitly trailing-12-month (TTM) values. Historical observations do not include independently verified price and EPS inputs. Sources may update on different schedules; rounded inputs can produce small calculation differences. Historical comparisons describe past pricing, not an estimate of fair value.
FMBI P/E ratio: common questions
The essentials behind the numbers.
First Midwest Bancorp, Inc.'s current P/E is 13.98× based on the quote data last updated Oct 25, 2026. It represents the share price divided by reported earnings per share. Prices and earnings may refresh on different schedules.
Annual P/E uses earnings for a completed fiscal year. Trailing-12-month (TTM) P/E uses the latest four quarters, while forward P/E uses forecast earnings. These are not interchangeable. This page labels peer ratios as TTM and shows dated annual or quarterly historical observations; it does not show forward estimates.
N/M means not meaningful: the feed has no positive P/E for that observation. Negative or zero earnings should not be ranked as a low positive valuation multiple. N/M observations are excluded from the averages shown above.
Divide the share price by earnings per share (EPS). For example, a share price of 100 and EPS of 5 gives a P/E of 20×. This page uses the price and EPS supplied together in the quote when both are positive.
Price timestamps, EPS definitions, share classes, adjustments, and fiscal periods can differ. A forward P/E also uses forecast earnings rather than reported earnings. Compare the inputs and as-of dates before comparing two displayed ratios.
Not necessarily. The average describes previous market pricing, not fair value. Changes in earnings quality, growth expectations, debt, accounting, and business risk can justify a different multiple today.