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MB Financial: 2Q Earnings Snapshot

CHICAGO (AP) _ MB Financial Inc. (MBFI) on Wednesday reported second-quarter profit of $38.5 million.

The bank, based in Chicago, said it had earnings of 42 cents per share. Earnings, adjusted for non-recurring costs, were 68 cents per share.

The results met Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 68 cents per share.

The holding company for MB Financial Bank posted revenue of $275.3 million in the period. Its revenue net of interest expense was $247.4 million, surpassing Street forecasts. Seven analysts surveyed by Zacks expected $241.4 million.

MB Financial shares have increased slightly more than 9 percent since the beginning of the year. The stock has risen 15 percent 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 MBFI at https://www.zacks.com/ap/MBFI