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.
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.
First Business Financial Services, Inc. (Nasdaq: FBIZ) has announced a quarterly cash dividend of $0.18 per share, yielding 2.86% based on the market close price of $25.16. This dividend matches the amount declared in January 2021, with a payout ratio of 16% based on Q1 2021 earnings per share. The dividend is payable on May 24, 2021, to shareholders of record as of May 10, 2021.
First Business Financial Services (Nasdaq: FBIZ) reported a record net income of $9.7 million or $1.12 per diluted share for Q1 2021, up from $6.1 million in Q4 2020 and $3.3 million in Q1 2020. Revenue rose 20% year-over-year to $28.1 million. Loans grew by $46.9 million, or 10% annualized, excluding PPP loans. Non-performing assets decreased 29% to $19 million, showcasing improved asset quality. The Company's tangible book value per share increased by 11% annualized. Overall, FBIZ is positioned for sustained growth in loans and revenue.
First Business Financial Services, Inc. (Nasdaq: FBIZ) has announced a quarterly cash dividend of $0.18 per share, translating to a dividend yield of 3.9% based on a market close price of $18.60. This marks a 9% increase from the previous quarterly dividend declared in October 2020, with a payout ratio of 25.4% based on Q4 2020 earnings. The dividend is payable on February 18, 2021, to shareholders on record as of February 8, 2021. President Corey Chambas highlighted this as a reflection of the company's commitment to shareholder value and growth initiatives.
First Business Bank (Nasdaq:FBIZ) reported a record net income of $6.1 million, or $0.71 per share, for Q4 2020, up from $4.3 million in Q3 2020. Key factors included a 20.9% increase in net interest income and a 12% growth in loans, excluding PPP loans. Non-performing assets dropped 27.3% to $26.7 million, reflecting improved asset quality. The bank’s net interest margin increased to 3.69% from 3.14%. The company also initiated a $5 million share repurchase program, signaling confidence in its valuation. Overall, strong financial performance positions FBIZ for sustainable growth in 2021.
First Business Financial Services, Inc. (Nasdaq: FBIZ) has announced a new share repurchase program, authorizing the repurchase of up to $5 million of its common stock over approximately twelve months, set to end on January 31, 2022. This decision follows the suspension of a prior buyback program in March 2020 due to the pandemic. The company's management believes shares are currently undervalued, indicating confidence in its future prospects. Factors influencing repurchases include stock performance, market conditions, and legal requirements.
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