Earnings Call Excerpt
First Midwest Bancorp Inc. (FMBI)
Q4 2008 Earnings Call
January 28, 2009 10:00 am ET
Executives
Michael L. Scudder – President & Chief Executive Officer
Thomas J. Schwartz – President & Chief Executive Officer of First Midwest Bank
Michael Kozak – Executive Vice President & Chief Credit Officer of First Midwest Bank
Paul F. Clemens – Executive Vice President & Chief Financial Officer
Analysts
Terry McEvoy – Oppenheimer & Co.
Mac Hodgson – SunTrust Robinson Humphrey
Brad Milsaps – Sandler O’Neil
Ben Crabtree – Stifel, Nicolaus & Company, Inc.
[John Kerry] – JP Morgan
Erika Penala – Merrill Lynch
Presentation
Operator
Welcome to the First Midwest Bancorp 2008 fourth quarter earnings conference call. (Operator Instructions) It is now my pleasure to turn the floor over to Mr. Paul Clemens.
Paul F. Clemens
Earlier today First Midwest announced its results for the fourth quarter of 2008. If you haven’t already received a copy of our press release you may obtain it on our website or by calling our office at 630-875-7463.
At this time, I would like to add the customary reminder that our comments today may contain forward-looking statements which are based on management’s existing expectations and the current economic environment. These statements are not a guarantee of future performance and actual results may differ materially from those described or implied in the forward-looking statements.
Forward-looking statements are inherently subject to risk and uncertainties included, but not limited to, future operating results, market penetration, and the financial condition of the company. Please refer to our SEC filings for a full discussion of the company’s risk factors. We will not be updating any forward-looking statements to reflect facts or circumstances after this call.
Here this morning to discuss First Midwest fourth quarter results and outlook are Mike Scudder, President and Chief Executive Officer of First Midwest Bank Corp., Tom Schwartz, President and Chief Executive Officer of First Midwest Bank, Mike Kozak, Executive Vice President and Chief Credit Officer of First Midwest Bank, and myself Paul Clemens, Executive Vice President and Chief Financial Officer. And now I will turn it over to Mike Scudder.
Michael L. Scudder
As always we appreciate and thank you for your interest in First Midwest. By way of navigation, I want to start with some opening remarks before turning it over to Paul who can provide some detail surrounding performance and credit. Finally I’ll close with some comments on 2009 and then we’ll be happy to open it up and answer any of your questions.
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