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)