other material
confidence high
sentiment positive
materiality 0.65
First Business Financial details 5-year strategic plan results; cumulative TSR exceeds 50% over period
FIRST BUSINESS FINANCIAL SERVICES, INC.
- Cumulative TSR over five years ended Sep 30, 2023 exceeded 50%, versus peer median -8% and Russell 2000 +13%.
- Revenue per FTE grew 38% to $429K (annualized Q3 2023); peer group $285K.
- Private Wealth AUM/AUA grew 79% since 2018; Treasury Management charges up 53%.
- Core deposit growth double-digit amid 2023 banking turmoil; loan growth also double-digit.
- PTPP adjusted ROAA expanded to 1.74% in 2023 YTD from 1.45% in 2018.