First Business Financial reports Q1 EPS $1.32, consensus $1.27

Reports Q1 revenue $40.8M, consensus $40.1M. “First Business Bank’s strong first quarter results reflect a consistent approach to profitable growth,” said Corey Chambas, CEO. “Our exceptional team expanded loans by 9% and core deposits by 11%, driven by growth across our bank markets and portfolios. Core deposit growth outpaced loan growth on the strength of our deep and growing client relationships and our business development efforts. With stable asset quality and ongoing operational efficiency, these successes contributed to tangible book value expanding 14% from the prior year.”