First Business Financial Services: Q3 Earnings Snapshot

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

The bank, based in Madison, Wisconsin, said it had earnings of $1.24 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.20 per share.

The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $66.4 million in the period. Its revenue net of interest expense was $38.1 million, missing Street forecasts. Three analysts surveyed by Zacks expected $38.8 million.

_____

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

Copyright © 2024 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.

Federal News Network Logo
Log in to your WTOP account for notifications and alerts customized for you.

Sign up