First Business Financial Services: Q4 Earnings Snapshot
By AP News
Published - Jan 25, 2024, 05:18 PM ET
Last Updated - Jan 25, 2024, 05:18 PM EST
MADISON, Wis. (AP) — MADISON, Wis. (AP) — First Business Financial Services Inc. (FBIZ) on Thursday reported fourth-quarter net income of $9.8 million.
The bank, based in Madison, Wisconsin, said it had earnings of $1.15 per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $61.9 million in the period. Its revenue net of interest expense was $36.6 million, which fell short of Street forecasts.
