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First Business Financial Services (FBIZ)
NASDAQ:FBIZ
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.27Last Year’s EPS
1.04Same Quarter Last Year
Strong Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: -9.76%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted significant growth in earnings, loans, and deposits, as well as improvements in efficiency and client satisfaction. However, concerns were noted regarding asset quality in the transportation sector and an increase in non-performing assets. Despite these challenges, the company has shown strong financial performance and is well-positioned for future growth.Company Guidance
During the First Business Financial Services Fourth Quarter 2024 Earnings Conference Call, the company reported a significant increase in earnings, driven by a 15% increase from the third quarter and a 24% rise from the fourth quarter of 2023, even after excluding unusual items that boosted earnings by $0.28. The company highlighted strong loan growth of $264 million, a 10% increase consistent with their long-term goal, and a $310 million or 11% increase in total deposits year-over-year. The efficiency ratio improved to its lowest level since 2013, and tangible book value per share grew 23% annualized from the previous quarter. The net interest margin remained stable within the target range of 360 to 365 basis points. Additionally, the bank achieved a net promoter score of 70, significantly outperforming the banking industry average, reflecting strong client relationships and employee engagement. Looking forward, the bank anticipates continued growth in 2025, driven by various market expansions, a robust pipeline in accounts receivable finance, and an expected increase in SBA loan sales and fee income.Record Earnings Growth
Earnings increased by 15% from the third quarter and 24% from Q4 2023, achieving record pre-tax, pre-provision earnings.
Strong Loan and Deposit Growth
Loan balances grew by $264 million, a 10% increase, and total deposits grew by $310 million or 11% from the previous year.
Improved Efficiency Ratio
Efficiency ratio improved to its lowest level since the fourth quarter of 2013.
High Net Promoter Score
First Business Bank earned a net promoter score of 70, nearly three times the average score of 24 for the banking industry.
Fee Income Growth
Fee income grew 13% year-over-year, with notable increases in SBA gains and deposit service charges.
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FBIZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FBIZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $49.28 | $51.38 | +4.26% |
| Oct 24, 2024 | $44.36 | $42.44 | -4.33% |
| Jul 25, 2024 | $42.78 | $44.94 | +5.05% |
| Apr 25, 2024 | $33.10 | $33.44 | +1.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Business Financial Services (FBIZ) report earnings?
First Business Financial Services (FBIZ) is schdueled to report earning on Apr 24, 2025, TBA Not Confirmed.
What is First Business Financial Services (FBIZ) earnings time?
First Business Financial Services (FBIZ) earnings time is at Apr 24, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FBIZ EPS forecast?
FBIZ EPS forecast for the fiscal quarter 2025 (Q1) is 1.27.
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