FBIZ
First Business Financial Services, Inc.57.50
-0.41-0.71%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
478.64MP/E (TTM)
9.47Basic EPS (TTM)
6.07Dividend Yield
0.02%Recent Filings
8-K
8-K
Q3 Earnings Surge 38%
First Business Financial Services reported Q3 2025 net income of $14.2 million, up 38% from Q3 2024, fueled by 10% annualized loan growth to $3.3 billion and 9% core deposit expansion to $2.6 billion. Net interest margin held steady at 3.68%, while record fee income from private wealth management—now $3.7 million quarterly—boosted pre-tax, pre-provision earnings 22% year-over-year. Asset quality improved with non-performing assets down 18% to 0.58% of total assets. Yet, CEO Corey Chambas plans retirement in May 2026, with COO David Seiler succeeding him.
8-K
Quarterly dividend declared
First Business Financial Services declared a quarterly cash dividend of $0.29 per share on its common stock, matching the April 2025 amount and equating to a 21% payout ratio based on Q2 2025 earnings. Payable August 25 to shareholders of record August 11, it yields 2.43% at the recent $47.68 close. The board also approved $17.50 per share on 7% Series A Preferred Stock, due September 15. Dividends signal steady earnings. Yet risks could alter future payouts.
8-K
Q2 2025 earnings surge 18%
First Business Financial Services posted its Q2 2025 investor presentation on July 29, revealing 18% year-to-date growth in pre-tax, pre-provision earnings and 17% in net income, fueled by robust balance sheet expansion and operational efficiency. Loans surged 8.9% year-over-year, core deposits climbed 9.7%, and private wealth assets hit a record $3.7 billion, sustaining a steady 3.67% net interest margin. Tangible book value per share rose 13.6% annually. Yet economic volatility poses risks to credit quality.
10-Q
Q2 FY2025 results
First Business Financial Services posted solid Q2 FY2025 results, with net income available to common shareholders up 9.4% year-over-year to $11.2 million and diluted EPS steady at $1.35, while six-month figures climbed 17.4% to $22.2 million and $2.66 per share. Net interest income rose 10.6% to $33.8 million on 9.3% higher average loans of $3.24 billion, pushing net interest margin to 3.67% from 3.65%, though adjusted margin held at 3.47%. Non-interest income dipped 2.3% to $7.3 million amid reclassifications, yet top-line revenue grew 8.1% to $41.0 million; provision for credit losses increased to $2.7 million on loan growth and C&I risks. Deposits expanded 12.8% annualized to $3.31 billion with $123 million cash and $276 million in FHLB advances at quarter-end, supporting 8.9% annualized loan growth to $3.25 billion. Non-GAAP metrics not disclosed in the 10-Q. Non-performing assets ticked up to 0.72% of assets, but reserves cover 133% of non-accruals. Competition from larger banks pressures margins.
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