MADISON, Wis. (AP) _ First Business Financial Services Inc. (FBIZ) on Thursday reported first-quarter earnings of $3.3 million.

The bank, based in Madison, Wisconsin, said it had earnings of 38 cents 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 49 cents per share.

The bank holding company for First Business Bank and First Business Bank-Milwaukee posted revenue of $29.8 million in the period. Its revenue net of interest expense was $23.5 million, surpassing Street forecasts. Three analysts surveyed by Zacks expected $23 million.

First Business Financial Services shares have dropped 43% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $14.90, a drop of 30% in the last 12 months.

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

Automated Insights, source Associated Press News