Net interest income increased $3.2 million, or 10.6%, to $33.8 million. Net interest margin increased two basis points to 3.67% from 3.65%. Adjusted net interest margin increased one basis point to 3.47% from 3.46%. Reports Book value per share $39.98. Reports CET1 ratio 9.33%. “First Business Bank’s strong second quarter results demonstrate our consistent ability to drive quality balance sheet and earnings growth,” said Corey Chambas, Chief Executive Officer. “We grew loans over 8% and core deposits by 11% by continuing to execute our relationship-based growth strategy. Driven by continued operational efficiency and strong asset quality, we achieved 10% growth in operating revenue, 18% growth in pre-tax, pre-provision earnings, and 17% growth in net income for the first half of 2025 which demonstrates strong execution of our long-term strategic goals. These successes contributed to tangible book value expanding an impressive 14% from the prior year.”
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