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. (FBIZ) announced a quarterly cash dividend of $0.1975 per share, equating to a 2.57% dividend yield based on the recent market close price of $30.71. This represents a 10% increase compared to the dividend declared in October 2021, with a 17.0% payout ratio based on Q4 2021 earnings. The dividend is payable on February 17, 2022, to shareholders of record as of February 7, 2022. CEO Corey Chambas highlighted the company's revenue growth and commitment to returning value to shareholders.
First Business Financial Services reported a strong performance in Q4 2021, with net income of $8.6 million ($1.01 per share), up from $6.1 million ($0.71 per share) YoY. For 2021, net income reached $35.8 million ($4.17 per share), compared to $17.0 million in 2020. Key highlights include record loan growth of $153.3 million (29.8% annualized), improved asset quality, and significant fee income increases. However, net interest income decreased by 7.1% YoY to $20.9 million due to lower yields. The bank's tangible book value rose by 14.7% annualized to $26.03 per share, indicating robust financial health.
First Business Financial Services, Inc. (FBIZ) has declared a quarterly cash dividend of $0.18 per share, yielding 2.52% based on the recent closing price of $28.59. This dividend matches the amount declared in July 2021 and corresponds to a 16.8% payout ratio based on third quarter earnings per share. The dividend is payable on November 18, 2021, to shareholders on record as of November 8, 2021.
First Business Financial Services, Inc. (Nasdaq: FBIZ) reported a strong third-quarter 2021 with net income of $9.2 million, up 11.7% from the previous quarter and more than doubling from last year. The bank experienced a 7.1% annualized growth in loans, excluding PPP loans, and a record low non-performing asset ratio of 0.29%. Total revenue increased by 8.5% year-over-year, reaching $28.2 million, driven by stable net interest margins and robust fee income. Asset quality improved with a significant decline in non-performing assets, while tangible book value per share rose 14% annualized to $25.11.
First Business Financial Services, Inc. (Nasdaq: FBIZ) announced a quarterly cash dividend of $0.18 per share, yielding 2.66% based on a market close price of $27.07 on Thursday. This dividend matches the amount declared in April 2021 and represents an 18.9% payout ratio from the second quarter 2021 earnings. The dividend is payable on August 19, 2021 to shareholders of record by August 9, 2021.
First Business is the parent of First Business Bank, focusing on Business Banking and specialized lending services.
First Business Financial Services (Nasdaq:FBIZ) reported a net income of $8.2 million for Q2 2021, with $0.95 diluted earnings per share, surpassing last year's $3.3 million. This quarter marked an 11.2% growth in loans, total non-performing assets (NPAs) decreased by 39% to $11.6 million, and net interest income rose 14.6% year-over-year. The bank anticipates continued loan growth and no significant provisions for losses in the second half of 2021, reflecting improved asset quality metrics, indicating a strong operational performance.
First Business Financial Services, Inc. (Nasdaq: FBIZ) has announced a quarterly cash dividend of $0.18 per share, yielding 2.86% based on the market close price of $25.16. This dividend matches the amount declared in January 2021, with a payout ratio of 16% based on Q1 2021 earnings per share. The dividend is payable on May 24, 2021, to shareholders of record as of May 10, 2021.
First Business Financial Services (Nasdaq: FBIZ) reported a record net income of $9.7 million or $1.12 per diluted share for Q1 2021, up from $6.1 million in Q4 2020 and $3.3 million in Q1 2020. Revenue rose 20% year-over-year to $28.1 million. Loans grew by $46.9 million, or 10% annualized, excluding PPP loans. Non-performing assets decreased 29% to $19 million, showcasing improved asset quality. The Company's tangible book value per share increased by 11% annualized. Overall, FBIZ is positioned for sustained growth in loans and revenue.
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