MADISON, Wis. (AP) _ First Business Financial Services Inc. (FBIZ) on Thursday reported fourth-quarter earnings of $10.2 million.
The bank, based in Madison, Wisconsin, said it had earnings of $1.18 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.
The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $45.3 million in the period. Its revenue net of interest expense was $34.4 million, matching Street forecasts.
For the year, the company reported profit of $40.9 million, or $4.75 per share. Revenue was reported as $127.9 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