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MB Financial: 4Q Earnings Snapshot

CHICAGO (AP) _ MB Financial Inc. (MBFI) on Tuesday reported fourth-quarter net income of $75.9 million.

The Chicago-based bank said it had earnings of 85 cents per share. Earnings, adjusted for non-recurring gains, came to 77 cents per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.

The holding company for MB Financial Bank posted revenue of $275.6 million in the period. Its revenue net of interest expense was $245.2 million, which also beat Street forecasts. Four analysts surveyed by Zacks expected $239 million.

For the year, the company reported profit of $213.9 million, or $2.55 per share. Revenue was reported as $980.4 million.

MB Financial shares have increased 12 percent since the beginning of the year. The stock has declined 6 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