First Business Financial Reports Solid First Quarter 2026 Results

First Business Financial ( (FBIZ) ) has shared an update.

On April 23, 2026, First Business Bank reported first quarter 2026 net income available to common shareholders of $12.0 million, or $1.44 per share, down from $1.58 in the prior quarter but up from $1.32 a year earlier, supported by double-digit year-over-year loan and core deposit growth and rising non-interest income. Loans rose 9.9% from a year earlier and 14.9% annualized from the prior quarter, core deposits increased 13.5% year over year, net interest margin edged up to 3.56%, fee income reached nearly 20% of revenue, and ongoing resolution of nonperforming commercial real estate credits, along with a 13.6% annual increase in tangible book value per share, underscored disciplined risk management and reinforced the bank’s positioning for continued growth and shareholder returns.

First quarter operating revenue grew to $44.3 million as net interest income and adjusted non-interest income both improved versus a year ago, though higher operating expenses and a larger provision for credit losses weighed on pre-tax earnings relative to the preceding quarter. Asset quality metrics showed an 8% decline in non-accrual loans and a modest reduction in the allowance coverage ratio, while returns on average assets and average tangible common equity remained solid at 1.13% and 13.55%, respectively, signaling resilient profitability despite a slightly lower efficiency ratio and continued attention to credit risk.

The most recent analyst rating on (FBIZ) stock is a Buy with a $70.00 price target. To see the full list of analyst forecasts on First Business Financial stock, see the FBIZ Stock Forecast page.

Spark’s Take on FBIZ Stock

According to Spark, TipRanks’ AI Analyst, FBIZ is a Outperform.

FBIZ scores well on valuation and positive technical momentum, supported by solid underlying financial performance. A favorable earnings outlook and shareholder-return actions help, while the main constraints are margin sensitivity and isolated credit/fee volatility items highlighted in recent results.

To see Spark’s full report on FBIZ stock, click here.

More about First Business Financial

First Business Financial Services, Inc., which operates as First Business Bank, is a Nasdaq-listed commercial banking institution based in Madison, Wis., serving business clients with a focus on commercial and industrial lending, core deposits, and fee-based financial services. The bank emphasizes a diversified revenue model combining net interest income with growing non-interest income streams to support earnings and tangible book value expansion.

Average Trading Volume: 39,107

Technical Sentiment Signal: Buy

Current Market Cap: $478M

Find detailed analytics on FBIZ stock on TipRanks’ Stock Analysis page.