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MB Financial (MBFI - Get Report) of Chicago grew its C&I loans by 9% during the fourth quarter, to $2.3 billion as of Dec. 30.
Usdin said that the company's loan "run-off appears to be slowing, with less re-mixing out of the [commercial real estate] portfolio, during the fourth quarter, and tht "commercial pipelines appear strong for 2012, and higher call volumes and strength in the leasing businesses should help contribute to positive core growth for the year."
Despite the strong C&I growth, Usdin said that "total growth is not likely to be robust, as covered asset, construction, and CRE portfolios are all likely to shrink."
Jefferies analyst Emlen Harmon rates MB Financial a "Hold," with a $19 price target, and estimates the company will earn $1.50 a share in 2012, followed by EPS of $1.70 in 2013.
MBFI's shares were up 15% year-to-date, through Wednesday's close at $1973, following a 1% pullback in 2011.
Interested in more on MB Financial? See TheStreet Ratings' report card for this stock.