First Business Financial Services: Q3 Earnings Snapshot
By AP News
Published - Oct 24, 2024, 04:13 PM ET
Last Updated - Dec 16, 2024, 06:00 PM EST
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.
