NasdaqGS:FBIZBanks
First Business Financial Services (FBIZ) Stock Looks Cheap After Record Profit Run
First Business Financial Services stock jumped 4.4% to US$70.21 in the first full session after its second quarter release. That move follows a strong few months for the shares, yet the latest numbers still forced investors to reassess what they are paying for this bank.
The headline is earnings power. Quarterly basic earnings per share landed at about US$1.87 on total revenue of roughly US$44.6m, and pretax, pre provision profit reached a record level. For anyone thinking beyond today’s pop,...