STOCK TITAN

First Business Financial Services, Inc. - $FBIZ STOCK NEWS

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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Business Financial Services's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Business Financial Services's position in the market.

Rhea-AI Summary

First Business Financial Services, Inc., operating as First Business Bank (Nasdaq: FBIZ), announced a $5.0 million share repurchase program. The company's board approved the program for ongoing capital management, although there are no immediate repurchase plans. The initiative aims to provide flexibility in capital management and enhance shareholder value when deemed appropriate.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
5.11%
Tags
buyback
-
Rhea-AI Summary

First Business Financial Services, Inc. (Nasdaq: FBIZ) declared a quarterly cash dividend of $0.25 per share, yielding 2.92% based on market close price. The dividend payout ratio is 24%, with consistent payouts since January 2024. Shareholders of record on May 9, 2024, will receive the dividend on May 22, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.04%
Tags
dividends
-
Rhea-AI Summary
First Business Bank, Nasdaq:FBIZ, reported net income of $8.6 million for the first quarter of 2024, with solid loan and core deposit growth. The company's strong earnings and balance sheet management led to a 13% tangible book value growth. Quarterly highlights include a 8.5% increase in loans and a 17.6% growth in core deposits. The net interest income remained consistent, while the tangible book value per share increased by 13.0% compared to the prior year quarter.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.03%
Tags
Rhea-AI Summary
First Business Financial Services, Inc. (Nasdaq: FBIZ) announced a 10% increase in its quarterly cash dividend on common stock to $0.25 per share, reflecting a dividend yield of 2.53% based on Friday's market close price of $39.56. The dividend payout ratio is 22% based on fourth quarter 2023 earnings per share. The company also declared a dividend on its 7% Series A Preferred Stock of $17.50 per share. CEO Corey Chambas expressed confidence in the business strategy and strong financial performance, aiming to deliver value to shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.52%
Tags
dividends
-
Rhea-AI Summary
First Business Financial Services, Inc. reported quarterly net income available to common shareholders of $9.6 million, with robust deposit and loan growth, and record Private Wealth assets under management exceeding $3 billion. The company exceeded its own expectations by achieving a 17% increase in loans, a 29% increase in deposits, and a 13% increase in operating revenue. The net interest income grew 3.3% from the linked quarter and 7.6% from the prior year quarter. The Company’s continued success in driving double-digit loan and deposit growth supported this expansion, offsetting the ongoing impact of industry-wide net interest margin compression.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.78%
Tags
-
Rhea-AI Summary
First Business Financial Services, Inc. (Nasdaq: FBIZ) has declared a quarterly cash dividend on its common stock of $0.2275 per share, representing a dividend yield of 3.07%. The dividend payout ratio is 19% based on third quarter 2023 earnings per share. The company will also pay a dividend of $17.50 per share on its 7% Series A Preferred Stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.41%
Tags
dividends
Rhea-AI Summary
First Business Financial Services, Inc. reports quarterly net income of $9.7 million and strong balance sheet growth. Loan and deposit growth, as well as treasury management sales, contribute to positive financial results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.47%
Tags
-
Rhea-AI Summary
First Business Financial Services, Inc. selected as Sm-All Star by Piper Sandler
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.88%
Tags
none
-
Rhea-AI Summary
First Business Financial Services, Inc. completes $15.0 million private placement of Subordinated Debentures
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.76%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
dividends
First Business Financial Services, Inc.

Nasdaq:FBIZ

FBIZ Rankings

FBIZ Stock Data

289.28M
7.30M
5.88%
65.9%
0.44%
Commercial Banking
Finance and Insurance
Link
United States of America
MADISON

About FBIZ

banking beyond expectations with a niche banking model that combines strategic solutions and unmatched service, we focus on your business banking, commercial lending, company retirement plans, private wealth, and specialty finance needs. our experts plug in as indispensable catalysts of your financial growth strategy. for more information visit firstbusiness.com and follow us on nasdaq: fbiz. first business represents the family of companies under first business financial services, inc. on occasion, we may link to websites that might not reflect the opinions or views of our organization. member fdic | equal housing lender