First Business Financial Services ( (FBIZ) ) has released its Q1 earnings. Here is a breakdown of the information First Business Financial Services presented to its investors.
First Business Financial Services, Inc., operating as First Business Bank, is a financial institution specializing in business banking, private wealth management, and bank consulting services, with a focus on commercial banking and specialty finance. In its first quarter of 2025, First Business Bank reported a net income of $11.0 million, with earnings per share of $1.32, reflecting a decrease from the previous quarter but an increase from the same period last year. The bank experienced significant growth in loans and deposits, with loans expanding by 9% and core deposits by 11%, contributing to a 14% increase in tangible book value from the prior year. Key financial metrics included a net interest margin of 3.69% and a 12.6% increase in operating revenue from the previous year, driven by strong loan growth and a rise in fee income. The bank’s private wealth management division also saw growth, with assets under management reaching a record $3.425 billion. Looking ahead, First Business Bank’s management remains confident in its ability to maintain positive operating leverage and achieve 10% annual growth in loans, deposits, and revenue, despite varying economic conditions.