Business Financial Services: 4Q Earnings Snapshot
MADISON — First Business
Financial Services Inc. (FBIZ) on Thursday reported fourth-quarter
earnings of $4.1 million.
The Madison-based bank said it had earnings of 46 cents per share.
The results missed Wall Street expectations. The average estimate of
three analysts surveyed by Zacks Investment Research was for
earnings of 47 cents per share.
The bank holding company for First Business Bank and First Business
Bank-Milwaukee posted revenue of $29.2 million in the period. Its
revenue net of interest expense was $21.8 million, surpassing Street
forecasts. Three analysts surveyed by Zacks expected $21.4 million.
For the year, the company reported profit of $16.3 million, or $1.86
per share. Revenue was reported as $85.5 million.
First Business Financial Services shares have climbed 6 percent
since the beginning of the year. In the final minutes of trading on
Thursday, shares hit $20.70, a decline of nearly 9 percent in the
last 12 months.