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Stock impact report

First Business Bank Reports Third Quarter 2024 Net Income of $10.3 Million

First Business Financial Services, Inc. (FBIZ) 
Last first business financial services, inc. earnings: 4/23 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.firstbusiness.com
Company Research Source: Business Wire
-- Stable net interest margin, continued balance sheet growth, and positive operating leverage support tangible book value expansion -- MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $10.3 million, or earnings per share of $1.24 on a diluted basis. This compares to net income available to common shareholders of $10.2 million, or $1.23 per share, in the second quarter of 2024 and $9.7 million, or $1.17 per share, in the third quarter of 2023.“First Business Bank again produced strong deposit and loan growth in a highly competitive environment,” said Corey Chambas, Chief Executive Officer. “Our ability to consistently deliver quality growth was supported by our team’s outstanding balance sheet management, resulting in a strong and stable net interest margin that remained within our target range of 3.60%-3.65%. We continue to ex Show less Read more
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