earnings
confidence high
sentiment positive
materiality 0.70
FBIZ Q3 2023 EPS up 19% YoY; loans grow 18.6% YoY; adjusted NIM expands 3 bps to 3.66%
FIRST BUSINESS FINANCIAL SERVICES, INC.
2023-Q3 EPS reported
$3.19
- EPS +19% YoY; net interest income +10.5% YoY; PTPP ROAA stable at 1.72%.
- Loans grew 18.6% YoY (13.4% annualized QoQ); in-market deposits +13.5% YoY.
- Adjusted net interest margin expanded 3 bps to 3.66% despite industry compression.
- TBV per share +13.8% YoY; annualized dividend $0.79/share (yield 2.25%).
- Non-performing assets low at 0.24% of assets (excl. one ABL credit); 95% of loans Category I.