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 (NASDAQ: FBIZ) provides specialized banking solutions for businesses and high-net-worth individuals through commercial lending, treasury management, and tailored financial services. This news hub offers investors and stakeholders timely updates on the company’s strategic developments and operational milestones.
Access FBIZ’s official press releases and curated financial news in one centralized location. Track updates on earnings reports, leadership changes, product innovations, and regulatory filings. Our aggregation ensures you never miss critical information about the company’s commercial lending programs, SBA initiatives, or market expansions.
Discover updates across key operational areas including mergers and acquisitions, dividend announcements, and service enhancements. The content reflects FBIZ’s focus on business banking excellence while maintaining compliance-first reporting standards. Bookmark this page for efficient monitoring of financial performance indicators and strategic partnership developments.
The Negro Leagues Baseball Museum (NLBM) has partnered with First Business Bank to become the 'Official Bank' of the United States Mint Negro Leagues Commemorative Coins program. This initiative, part of a bipartisan effort initiated by U.S. Senators, aims to honor the history of the Negro Leagues. The program includes the production of $5 gold, $1 silver, and half dollar clad coins, potentially generating up to $6 million in revenue. First Business Bank will assist NLBM in maximizing revenue from the coin sales while participating in various museum events.
First Business Financial Services, Inc. (FBIZ) has successfully raised
First Business Financial Services, Inc. (FBIZ) announced a quarterly cash dividend of $0.1975 per share, equating to a 2.57% dividend yield based on the recent market close price of $30.71. This represents a 10% increase compared to the dividend declared in October 2021, with a 17.0% payout ratio based on Q4 2021 earnings. The dividend is payable on February 17, 2022, to shareholders of record as of February 7, 2022. CEO Corey Chambas highlighted the company's revenue growth and commitment to returning value to shareholders.
First Business Financial Services reported a strong performance in Q4 2021, with net income of $8.6 million ($1.01 per share), up from $6.1 million ($0.71 per share) YoY. For 2021, net income reached $35.8 million ($4.17 per share), compared to $17.0 million in 2020. Key highlights include record loan growth of $153.3 million (29.8% annualized), improved asset quality, and significant fee income increases. However, net interest income decreased by 7.1% YoY to $20.9 million due to lower yields. The bank's tangible book value rose by 14.7% annualized to $26.03 per share, indicating robust financial health.
First Business Financial Services, Inc. (FBIZ) has declared a quarterly cash dividend of $0.18 per share, yielding 2.52% based on the recent closing price of $28.59. This dividend matches the amount declared in July 2021 and corresponds to a 16.8% payout ratio based on third quarter earnings per share. The dividend is payable on November 18, 2021, to shareholders on record as of November 8, 2021.
First Business Financial Services, Inc. (Nasdaq: FBIZ) reported a strong third-quarter 2021 with net income of $9.2 million, up 11.7% from the previous quarter and more than doubling from last year. The bank experienced a 7.1% annualized growth in loans, excluding PPP loans, and a record low non-performing asset ratio of 0.29%. Total revenue increased by 8.5% year-over-year, reaching $28.2 million, driven by stable net interest margins and robust fee income. Asset quality improved with a significant decline in non-performing assets, while tangible book value per share rose 14% annualized to $25.11.
First Business Financial Services, Inc. (Nasdaq: FBIZ) announced a quarterly cash dividend of $0.18 per share, yielding 2.66% based on a market close price of $27.07 on Thursday. This dividend matches the amount declared in April 2021 and represents an 18.9% payout ratio from the second quarter 2021 earnings. The dividend is payable on August 19, 2021 to shareholders of record by August 9, 2021.
First Business is the parent of First Business Bank, focusing on Business Banking and specialized lending services.
First Business Financial Services (Nasdaq:FBIZ) reported a net income of $8.2 million for Q2 2021, with $0.95 diluted earnings per share, surpassing last year's $3.3 million. This quarter marked an 11.2% growth in loans, total non-performing assets (NPAs) decreased by 39% to $11.6 million, and net interest income rose 14.6% year-over-year. The bank anticipates continued loan growth and no significant provisions for losses in the second half of 2021, reflecting improved asset quality metrics, indicating a strong operational performance.