earnings
confidence high
sentiment positive
materiality 0.75
First Business Financial Q1 net income $11.0M, EPS $1.32; loans up 9% annualized
FIRST BUSINESS FINANCIAL SERVICES, INC.
2025-Q1 EPS reported
$1.32
- Net income available to common $11.0M vs $14.2M in Q4 2024 (Q4 had $0.28/share in tax & SBA benefits) and $8.6M in Q1 2024.
- Operating revenue $40.8M, up 12.6% YoY; net interest margin 3.69% vs 3.58% a year ago.
- Core deposits hit record $2.463B, up 11.1% annualized linked-quarter; total deposits grew 17.5% annualized.
- Tangible book value per share $37.58, up 14% YoY; return on avg tangible common equity 14.12%.
- Management targets 10% annual growth in loans, deposits, and revenue across most economic conditions.