First Business Financial Services, Inc. reports news around First Business Bank, a bank holding company whose banking subsidiary focuses on business banking. Company updates commonly cover commercial banking, Specialty Finance, Private Wealth and Bank Consulting services, with Specialty Finance delivered through First Business Specialty Finance, LLC.
Recurring announcements include quarterly earnings, conference calls and investor presentations that discuss loan and core deposit growth, net interest margin, fee income, operating efficiency, asset quality and non-performing credits. The company also reports capital-return actions, including cash dividends on common stock and its 7% Series A Preferred Stock, along with participation in banking and small-cap investor conferences.
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.
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.
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