Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
---|---|---|---|---|---|---|
Income Statement | ||||||
Total Revenue | 266.95M | 262.38M | 226.24M | 150.80M | 124.09M | 118.72M |
Gross Profit | 148.87M | 144.63M | 135.71M | 131.72M | 118.56M | 84.81M |
EBITDA | 57.83M | 54.89M | 50.77M | 56.31M | 50.58M | 21.77M |
Net Income | 46.57M | 44.24M | 37.03M | 40.86M | 35.76M | 16.98M |
Balance Sheet | ||||||
Total Assets | 3.94B | 3.85B | 3.51B | 2.98B | 2.65B | 2.57B |
Cash, Cash Equivalents and Short-Term Investments | 530.01M | 499.09M | 436.52M | 314.71M | 262.81M | 240.83M |
Total Debt | 294.19M | 327.98M | 339.87M | 466.98M | 418.93M | 435.62M |
Total Liabilities | 3.61B | 3.52B | 3.22B | 2.72B | 2.42B | 2.36B |
Stockholders Equity | 336.06M | 328.59M | 289.59M | 260.64M | 232.42M | 206.16M |
Cash Flow | ||||||
Free Cash Flow | 60.20M | 57.27M | 49.41M | 35.42M | 35.60M | 26.37M |
Operating Cash Flow | 60.11M | 57.49M | 52.29M | 38.65M | 35.99M | 26.64M |
Investing Cash Flow | -343.17M | -328.47M | -506.85M | -245.27M | -111.01M | -454.51M |
Financing Cash Flow | 381.64M | 289.17M | 491.38M | 252.19M | 75.22M | 417.68M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
---|---|---|---|---|---|---|---|
79 Outperform | $491.22M | 13.29 | 11.27% | ― | 15.07% | 53.76% | |
77 Outperform | $422.78M | 14.82 | 13.33% | 1.45% | 14.44% | 16.49% | |
73 Outperform | $454.96M | 9.94 | 14.36% | 2.12% | 12.02% | 26.09% | |
73 Outperform | $546.90M | 13.15 | 16.22% | 2.58% | 23.96% | 47.39% | |
67 Neutral | $17.07B | 11.91 | 9.69% | 3.75% | 11.66% | -9.47% | |
67 Neutral | $452.67M | 25.09 | 2.27% | 3.71% | 24.39% | -56.57% | |
52 Neutral | $429.98M | 16.43 | -6.53% | 6.91% | -5.55% | -242.39% |
On May 1, 2025, First Business Financial Services, Inc. expanded its Board of Directors from seven to eight members and appointed Jason R. Graham as a Class II Director. Mr. Graham, a seasoned financial executive with a strong background in financial strategy and capital allocation, was also appointed to the Audit Committee. His extensive experience in financial leadership roles at various companies is expected to contribute significantly to the company’s strategic growth and shareholder value creation.
On May 5, 2025, First Business Financial Services, Inc. announced that its CEO, Corey Chambas, will retire on May 2, 2026, with President and COO Dave Seiler set to succeed him. Chambas, who has been with the company since 1993 and CEO since 2006, will remain on the board of directors. The transition is expected to be smooth, with Seiler’s extensive experience in the banking industry and his alignment with the company’s culture and strategic vision. This leadership change is seen as a continuation of the company’s growth and commitment to its stakeholders.
On April 30, 2025, First Business Financial Services, Inc. released an investor presentation highlighting its strong first-quarter performance for 2025. The company reported a 14% growth in tangible book value, driven by robust loan and deposit growth, and stable asset quality. Private wealth management assets reached a record $3.425 billion, with fee income increasing by 12.2% compared to the previous year. The company’s strategic plan aims to build long-term shareholder value by focusing on deposit efficiency, profitability, and operational excellence. Despite challenges in the banking sector, First Business Financial Services maintains a strong market position with a focus on sustainable growth and profitability.
On April 25, 2025, First Business Financial Services, Inc. announced that its Board of Directors declared a quarterly cash dividend of $0.29 per share on its common stock, maintaining the same dividend as in January 2025. This dividend, representing a yield of 2.42% and a payout ratio of 22% based on first quarter earnings, will be payable on May 23, 2025, to shareholders of record on May 9, 2025. Additionally, a dividend of $17.50 per share was declared on its 7% Series A Preferred Stock, payable on June 16, 2025, to shareholders of record on May 30, 2025.
On April 24, 2025, First Business Financial Services, Inc. reported a net income of $11.0 million for the first quarter of 2025, reflecting a decrease from the previous quarter but an increase from the same quarter in 2024. The company experienced robust growth in loans and deposits, with loans increasing by 9% and core deposits by 11%. This growth contributed to a 14% expansion in tangible book value from the prior year. The company maintained a strong net interest margin and saw a significant increase in operating revenue, driven by loan growth and a rise in fee income. Private wealth management also expanded, with assets under management reaching a record $3.425 billion. The company’s strategic focus on consistent underwriting and operational efficiency positions it for continued growth, aiming for 10% annual growth in loans, deposits, and revenue.