First Business Finl Svcs Inc W Stock Price, News & Analysis

First Business Financial Services (NASDAQ:FBIZ) has announced its CEO succession plan, with current Chief Executive Officer Corey Chambas planning to retire on May 2, 2026. President and Chief Operating Officer David R. Seiler will succeed him as CEO on the same date. Chambas, who joined the company in 1993 and has served as CEO since 2006, will remain on the boards of directors of both the Company and First Business Bank.

Seiler has been serving as President and COO since January 2023, following seven years as Chief Operating Officer. Before joining First Business Bank in 2016, he held various leadership positions in Midwest commercial banking firms, including as Managing Director of BMO Harris Bank's Correspondent Banking Division.

First Business Bank (Nasdaq: FBIZ) has announced its latest dividend declarations for both common and preferred stockholders. The company's Board of Directors has approved a quarterly cash dividend of $0.29 per share on its common stock, maintaining the same level as declared in January 2025.

Key dividend details:

• Common stock dividend yield: 2.42% (based on Friday's closing price of $47.89)
• Dividend payout ratio: 22% (based on Q1 2025 earnings)
• Payment date: May 23, 2025
• Record date: May 9, 2025

Additionally, the bank declared a dividend on its 7% Series A Preferred Stock of $17.50 per share, which will be payable on June 16, 2025, to shareholders of record as of May 30, 2025.

First Business Financial Services (FBIZ) reported Q1 2025 net income of $11.0 million, or $1.32 per share, compared to $14.2 million ($1.71/share) in Q4 2024 and $8.6 million ($1.04/share) in Q1 2024.

Key highlights include:

• Total deposits grew 17.5% annualized to $2.463 billion
• Loans increased 9.2% annualized to $3.185 billion
• Net interest margin was 3.69%, compared to 3.77% in Q4 2024
• Operating revenue reached $40.8 million, up 12.6% year-over-year
• Private Wealth assets hit record $3.425 billion
• Tangible book value per share grew 14.0% year-over-year

The bank maintained stable asset quality with non-performing assets at 0.61% of total assets, down from 0.74% in Q4 2024. The efficiency ratio was 60.28%, while return on average assets was 1.14%.

First Business Financial Services (FBIZ) has scheduled its first quarter 2025 earnings conference call for Friday, April 25, 2025, at 1:00 p.m. Central Time. The company will release its Q1 2025 results after market close on Thursday, April 24, 2025.

The conference call will feature presentations from key executives including CEO Corey A. Chambas, President and COO David R. Seiler, and CFO Brian D. Spielmann. Management's presentation is expected to last 15-30 minutes, followed by a Q&A session.

Participants can join via phone using toll-free number 800-549-8228 (US) or 289-819-1520 (international) with access code FBIZ, 86182. A webcast option is also available. The call replay will be accessible through May 2, 2025.

First Business Financial Services (FBIZ) has announced a 16% increase in its quarterly common stock dividend to $0.29 per share, representing a dividend yield of 22% based on Friday's closing price of $51.66. This marks the company's 13th consecutive annual dividend raise, with a dividend payout ratio of 17% based on Q4 2024 earnings per share.

The dividend will be payable on February 28, 2025, to shareholders of record as of February 14, 2025. Additionally, the company declared a dividend of $17.50 per share on its 7% Series A Preferred Stock, payable on March 17, 2025, to shareholders of record on February 28, 2025.

First Business Bank (Nasdaq: FBIZ) has announced a 16% increase in its quarterly cash dividend, raising it to $0.29 per share. This represents a dividend yield of 2.25% based on Friday's closing price of $51.66. The increase marks the company's 13th consecutive annual dividend raise, with a dividend payout ratio of 17% based on fourth quarter 2024 earnings per share.

The quarterly dividend will be payable on February 28, 2025, to shareholders of record as of February 14, 2025. Additionally, the company declared a dividend on its 7% Series A Preferred Stock of $17.50 per share, payable on March 17, 2025, to shareholders of record on February 28, 2025.

First Business Financial Services (FBIZ) reported record Q4 2024 net income of $14.2 million, or $1.71 per share, compared to $10.3 million ($1.24/share) in Q3 2024 and $9.6 million ($1.15/share) in Q4 2023. The quarter included tax and SBA recourse reserve benefits totaling $0.28 per share.

Key highlights include: record operating revenue of $41.2 million (up 8.1% from Q3), strong loan growth of $63.6 million (8.3% annualized), and a net interest margin of 3.77%. Private Wealth assets reached a record $3.419 billion, generating fee income of $3.4 million. Pre-tax, pre-provision income grew to $17.7 million, up 14.8% from Q3.

The company maintained strong credit quality with allowance for credit losses at 1.20% of total loans. Non-performing assets increased to $28.4 million (0.74% of total assets), up from 0.52% in Q3 2024.

First Business Financial Services (Nasdaq: FBIZ) has announced a conference call to discuss its financial and operating performance for the fourth quarter ended December 31, 2024. The company, which operates as First Business Bank, will host the call to review its quarterly results.

First Business Financial Services (Nasdaq: FBIZ) announced a quarterly cash dividend of $0.25 per share on its common stock, representing a 2.23% yield based on the market close price of $44.82. The dividend maintains the same level as declared in July 2024, with a 20% payout ratio based on Q3 2024 earnings. Payment is scheduled for November 20, 2024, to shareholders of record as of November 7, 2024. Additionally, a dividend of $17.50 per share was declared on the 7% Series A Preferred Stock, payable December 16, 2024, to shareholders of record on November 29, 2024.