MADISON, Wis. (AP) — MADISON, Wis. (AP) — First Business Financial Services Inc. (FBIZ) on Thursday reported first-quarter profit of $8.8 million.
The bank, based in Madison, Wisconsin, said it had earnings of $1.04 per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share.
The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $62.5 million in the period. Its revenue net of interest expense was $36.3 million, also missing Street forecasts. Three analysts surveyed by Zacks expected $37.5 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
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