First Business Financial Services ( (FBIZ) ) has released its Q2 earnings. Here is a breakdown of the information First Business Financial Services presented to its investors.
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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 the second quarter of 2025, First Business Financial Services reported a net income of $11.2 million, reflecting a slight increase from the previous quarter and the same period last year. The company continues to demonstrate robust financial performance through strategic growth in loans and deposits.
Key financial highlights include an 8.4% annualized increase in loans and an 11.4% growth in core deposits. The bank maintained a stable net interest margin of 3.67%, while private wealth management assets under management reached $3.731 billion, contributing significantly to non-interest income.
The bank’s management remains optimistic about future growth, supported by a strong balance sheet and strategic initiatives. The company anticipates continued expansion in its core banking and wealth management sectors, aligning with its long-term strategic goals.