First Business Financial Services: Q3 Earnings Snapshot

MADISON, Wis. (AP) — MADISON, Wis. (AP) — First Business Financial Services Inc. (FBIZ) on Thursday reported third-quarter net income of $16.6 million.

The Madison, Wisconsin-based bank said it had earnings of $1.95 per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.69 per share.

The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $75 million in the period. Its revenue net of interest expense was $47.5 million, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $46.8 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