MB Financial Q2 Profit Increases - Quick Facts

(RTTNews) - MB Financial, Inc. (MBFI), the holding company for MB Financial Bank, N.A., Monday reported an increase in its second quarter earnings, reflecting fee income and low credit costs.

For the three-month period, the company reported net income of $25.2 million or $0.46 per share, compared with $22.1 or $0.41 per share during the corresponding quarter last year.

On average, twelve analysts polled by Thomson Reuters expected earnings per share of $0.45 for the second quarter. Analysts' estimates typically exclude one-time items.

Net interest income on a fully tax equivalent basis decreased to $67.4 million, from $74.1 million, due to lower average interest earning asset balances, as well as a 22 basis point decline in net interest margin. Total non-interest income increased to $40.9 million from $23.9 million last year.

Analysts expected the company to generate revenues of $79.16 million for the second quarter.