First Business Financial Services, Inc. filings document the public-company disclosures of a Wisconsin bank holding company and its First Business Bank operations. The record includes Form 8-K reports for quarterly results, Regulation FD investor presentations, dividend declarations on common stock and 7% Series A Preferred Stock, and material governance or compensation actions.
Proxy and annual-meeting filings cover board elections, advisory executive-compensation votes, auditor ratification and equity incentive plan approvals. The filings also describe executive compensation, performance restricted stock units, capital structure, business strategy, financial condition and banking-sector risk factors tied to commercial lending, deposits, specialty finance and wealth-related services.
First Business Financial Services, Inc. filed an amended report to correct an administrative error and refile the Employment Agreement with incoming President and Chief Executive Officer David R. Seiler. The original agreement omitted equity award language in Section 2.3, which is now fully included, with no other changes to the prior disclosure.
Effective May 3, 2026, Seiler becomes President and CEO and joins the board as a Class III director, succeeding retiring CEO Corey A. Chambas. His Employment Agreement runs for an initial five-year term, with an annual base salary of at least $600,000 and eligibility for annual cash and long‑term incentive programs.
On May 16, 2026, Seiler will receive restricted stock units with a target value of $215,000, vesting over five years (15% on each of the first four anniversaries and 40% on the fifth), subject to continued employment and without retirement vesting. If terminated without Cause or he resigns for Good Reason, he is entitled to severance equal to two times base salary, prorated bonus, certain incentive payouts, and up to 18 months of health coverage, all subject to a release. The Agreement also includes customary confidentiality, non‑competition, and non‑solicitation covenants lasting up to 24 months after employment ends.
First Business Financial Services, Inc. furnished a Q1 2026 investor presentation highlighting strong balance sheet and earnings trends. Tangible book value per share rose 14% year-over-year, while pre-tax, pre-provision earnings grew 6.1% and net income increased 9.4%.
Loans grew 14.9% from the linked quarter and 9.9% year-over-year, and core deposits rose 18.4% from the linked quarter and 13.5% year-over-year, supporting a net interest margin of 3.56% (3.61% excluding fewer accrual days). Non-performing assets declined to $40.5 million, or 0.94% of total assets.
The presentation also emphasizes a five‑year plan targeting at least 15% ROATCE and ≥10% annual growth in revenue and tangible book value, a dividend of $0.34 per share (up 17%), solid capital ratios, and a long history of above‑peer total shareholder return.
First Business Financial Services, Inc. filed a Form 13F reporting 192 holdings with a total market value of $1,124,729,547. The report was signed by Doug Heding, President, Private Wealth, in MADISON, WI on 04-20-2026.
The filing is a standard 13F holdings report listing institutional positions and does not itself indicate trading intent or transaction-level details.
First Business Financial Services, Inc. reported results from its April 24, 2026 Annual Meeting of Shareholders. Three Class I directors — Carla C. Chavarria, Jerry L. Kilcoyne, and Daniel P. Olszewski — were elected with more than 95% of votes cast in favor. An aggregate 6,628,094 shares, or 80% of the 8,325,376 shares outstanding as of February 18, 2026, were represented at the meeting.
Shareholders approved the 2026 Equity Incentive Plan with 5,572,057 votes for, and supported executive compensation in a non-binding advisory vote with 5,506,342 votes for. Crowe LLP was ratified as independent auditor for 2026 with 6,533,632 votes for, or 99% of votes cast. The materials also note director Ralph R. Kauten’s retirement and that Dave Seiler will become President and Chief Executive Officer effective May 3, 2026, succeeding Corey Chambas.
First Business Financial Services, Inc. reports solid results for the three months ended March 31, 2026. Total assets reached $4.32 billion, up from $4.08 billion at year-end. Net income rose to $12.2 million from $11.2 million, and diluted EPS increased to $1.44 from $1.32.
Net interest income improved to $35.5 million as loans and leases grew to $3.50 billion. Deposits increased to $3.57 billion, including higher wholesale balances. The allowance for credit losses was $36.6 million, or 1.10% of loans, while non-accrual loans represented 1.16% of gross loans, indicating generally controlled credit quality.
First Business Financial Services, Inc. reported first quarter 2026 diluted EPS of $1.44 on net income available to common shareholders of $11.98 million, up from $10.95 million a year earlier. Loans rose 9.9% year-over-year to $3.50 billion and core deposits grew 13.5% to $2.80 billion, supporting a 3.56% net interest margin and 13.55% return on average tangible common equity.
The board declared a quarterly common dividend of $0.34 per share, a 24% payout of first quarter EPS, and maintained dividends on 7% Series A preferred stock. Tangible book value per share increased 13.6% year-over-year to $42.68, while non-performing assets were $40.5 million, or 0.94% of total assets, down from 1.07% in the prior quarter. The company also announced that David R. Seiler will become President and Chief Executive Officer effective May 3, 2026, succeeding Corey A. Chambas.
First Business Financial Services, Inc. named David R. Seiler as President and Chief Executive Officer, effective May 3, 2026, succeeding retiring CEO Corey A. Chambas. Seiler will also join the Board as a Class III director, serving until the 2028 annual shareholders meeting.
Under a new five-year employment agreement, Seiler will receive a base salary of at least $600,000 and be eligible for annual cash and long-term incentives. He is scheduled to receive restricted stock units valued at $215,000 on May 16, 2026, vesting over five years, along with severance protections if he is terminated without cause or resigns for good reason.
FIRST BUSINESS FINANCIAL SERVICES, INC. CFO Brian D. Spielmann received 3,190 shares of Common Stock on 2026-04-10 from the vesting of Performance Restricted Stock Unit awards for the 2023–2025 performance period. To cover tax obligations, 1,501 shares were withheld at $58.60 per share, leaving him with 7,311 directly owned shares.
First Business Financial Services President and COO David R. Seiler reported routine equity compensation activity. On the vesting of Performance Restricted Stock Unit awards for the 2023-2025 period, he received 4,780 shares of Common Stock. To cover tax obligations, 1,912 shares were withheld at $58.60 per share. Following these transactions, he directly holds 37,372 shares, and 27,031 additional shares are held by the David & Lisa Seiler Revocable Trust.
FIRST BUSINESS FINANCIAL SERVICES, INC. Chief Credit Officer Bradley A. Quade reported a share-based compensation event. On the transaction date, he acquired 2,740 shares of Common Stock at no cost through the vesting of Performance Restricted Stock Unit awards for the 2023-2025 performance period.
To cover related tax obligations, 1,096 shares of Common Stock were disposed of at $58.60 per share through a tax-withholding mechanism rather than an open-market sale. After these transactions, Quade directly owns 16,582 shares of Common Stock.