Welcome to our dedicated page for First Business Finl Svcs W news (Ticker: FBIZ), a resource for investors and traders seeking the latest updates and insights on First Business Finl Svcs W stock.
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.
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First Business Financial Services, Inc. (NASDAQ: FBIZ) has declared a quarterly cash dividend of $0.2275 per share, reflecting a 15% increase from October 2022 and a dividend yield of 2.72%.
This dividend, representing a 19% payout ratio based on Q4 2022 earnings, is payable on February 16, 2023. In addition, the board authorized a $5.0 million share repurchase program effective January 27, 2023, to be completed by January 31, 2024. CEO Corey Chambas emphasized the dividend increase signifies robust earnings growth and ongoing investment in the company.