U.S. Markets close in 4 hrs 14 mins

First Business Financial Services: 2Q Earnings Snapshot

MADISON, Wis. (AP) _ First Business Financial Services Inc. (FBIZ) on Thursday reported second-quarter net income of $6.6 million.

The bank, based in Madison, Wisconsin, said it had earnings of 75 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.

The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $31.1 million in the period. Its revenue net of interest expense was $22.7 million, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $22 million.

First Business Financial Services shares have increased 19% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $23.14, a decline of 5% in the last 12 months.


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