UPDATE 1-MB Financial Q2 profit misses view on higher bad loans
* Q2 adj EPS $0.18 vs est $0.41
* Bad loan provisions rise three-fold
* Net interest income up 48 pct
July 22 (Reuters) - MB Financial Inc (MBFI.O) posted a quarterly profit that widely missed analysts' estimates, hurt by a more than three-fold rise in bad loan provisioning.
The holding company for MB Financial Bank posted a net income of $12.1 million, or 23 cents a share, compared with $4.3 million, or 12 cents a share, last year.
Net income available to common shareholders was $9.5 million, or 18 cents a share.
Analysts on average had expected the company to earn 41 cents a share, excluding special items, according to Thomson Reuters I/B/E/S.
Provision for loan losses rose to $85 million from $27.1 million in the year-ago quarter.
Net interest income increased 48 percent to $87.7 million.
Shares of the company closed at $17.22 Wednesday on Nasdaq. (Reporting by Abhinav Sharma in Bangalore; Editing by Gopakumar Warrier)
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