earnings
confidence high
sentiment positive
materiality 0.60
First Business Bank Q3 net income $10.3M, EPS $1.24; NIM stable at 3.64%
FIRST BUSINESS FINANCIAL SERVICES, INC.
2024-Q3 EPS reported
$3.50
- Net income available to common shareholders $10.3M, up from $9.7M in Q3 2023; diluted EPS $1.24 vs $1.17.
- Net interest margin steady at 3.64% (linked quarter 3.65%); net interest income up 8.4% YoY.
- Loans grew $65M (8.7% annualized) and deposits grew $84.8M (11.8% annualized) from Q2 2024.
- Tangible book value per share $34.74, up 12.5% from prior year; Private Wealth AUM $3.4B (+16.6% YoY).
- Non-performing assets remained low at 0.52% of total assets; PTPP income record $15.4M.