Welcome to our dedicated page for First Business Financial Services news (Ticker: FBIZ), a resource for investors and traders seeking the latest updates and insights on First Business Financial Services stock.
First Business Financial Services, Inc. (NASDAQ: FBIZ) operates as a bank holding company specializing in a niche banking model that prioritizes strategic solutions and unparalleled service. The company delivers a comprehensive suite of commercial banking products designed to meet the unique needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. With a focus on business banking, commercial lending, company retirement plans, private wealth, and specialty finance, First Business Financial Services, Inc. has established itself as a trusted partner in financial growth.
Among its wide range of services, First Business offers commercial lending, SBA lending and servicing, asset-based lending, equipment financing, and factoring. Additionally, the company provides trust and investment services, treasury management, and a variety of deposit products. The bank’s operations extend geographically throughout the United States, ensuring that their tailored financial solutions are accessible to a diverse client base.
First Business Financial Services, Inc. has built a reputation for being an indispensable catalyst in their clients' financial strategies. The company continues to innovate and adapt, recently achieving significant milestones and working on several high-impact projects that drive financial growth and stability for their clients. Staying committed to their core values, First Business strives to exceed client expectations by delivering expert financial guidance and strategic support.
For more detailed information about their services and the latest updates, visit firstbusiness.com and follow the company's performance on NASDAQ under the symbol FBIZ. This dedication to excellence is underscored by their membership in the FDIC and their status as an Equal Housing Lender.
First Business Financial Services, Inc. (NASDAQ: FBIZ) has declared a quarterly cash dividend of
This dividend, representing a 19% payout ratio based on Q4 2022 earnings, is payable on
First Business Financial Services, Inc. (Nasdaq: FBIZ) announced a quarterly net income of $9.9 million, equating to $1.18 per diluted share, down from $10.6 million ($1.25 per share) in Q3 2022. For 2022, net income totaled $40.2 million, an increase from $35.8 million in 2021. The bank reported a 20% annualized loan growth, with net interest income reaching a record $27.5 million, a 31.2% increase year-over-year. The net interest margin expanded to 4.15%, supported by strong balance sheet management. Tangible book value per share grew 9% year-over-year. The company anticipates double-digit growth in loans, deposits, and revenue for 2023.
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