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What: Shares of First Midwest Bancorp
So what: The fourth quarter was quite the disappointment, coming in at a $0.41 loss versus the $0.03 loss analysts expected. Underperforming land and construction loans were the main reasons for the large loss.
Now what: Regional banks are seeing a much more drawn out recovery than their larger rivals, and First Midwest Bancorp's results are showing the weakness. Instead of speculating on a regional bank like this, I will stick with bigger rivals who have returned to profitability. My picks, Wells Fargo
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Fool contributor Travis Hoium does not have a position in any company mentioned. You can follow Travis on Twitter at @FlushDrawFool, check out his personal stock holdings or follow his CAPS picks at TMFFlushDraw.
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