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First Business Financial Services: Q2 Earnings Snapshot

Associated Press Finance
·1 min read

MADISON, Wis. (AP) — MADISON, Wis. (AP) — First Business Financial Services Inc. (FBIZ) on Thursday reported second-quarter profit of $10.5 million.

The bank, based in Madison, Wisconsin, said it had earnings of $1.23 per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.09 per share.

The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $65.3 million in the period. Its revenue net of interest expense was $38 million, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $36.7 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FBIZ at https://www.zacks.com/ap/FBIZ