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First Business Financial Services Q3 Profit Rises

First Business Financial Services Inc. (FBIZ) posted third-quarter net income of $2.6 million in the third quarter 2012, an increase of 20.3% compared to net income of $2.2 million earned in the third quarter of 2011. Earnings per common share were $0.99 for the third quarter of 2012 compared to $0.83 for the year ago period.

Net interest income increased $811,000, or 8.9%, to $9.9 million in the third quarter of 2012 compared to $9.1 million for the third quarter of 2011.

Non-interest income increased $521,000, or 30.2%, to $2.2 million for the third quarter of 2012, compared with the third quarter of 2011.

by RTTNews Staff Writer

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