Highest-materiality recent filing
David R. Seiler appointed President and CEO of First Business Financial Services
Seiler appointed President & CEO effective May 3, 2026; also appointed to Board as Class III Director.
CEO Corey Chambas to step down; Dave Seiler becomes President & CEO effective May 3, 2026.
First Business Financial Services Q1 EPS $1.44; loan growth 14.9% annualized
Q1 2026 net income $12.0M, EPS $1.44 vs $13.1M ($1.58) Q4 2025 and $11.0M ($1.32) Q1 2025.
First Business Financial appoints David R. Seiler as CEO effective May 3, 2026
Seiler, previously President & COO, succeeds Corey A. Chambas who announced retirement in May 2025.
CEO Corey Chambas to retire May 2, 2026; 2025 revenue +10%, EPS +>14%
CEO Corey Chambas to retire effective May 2, 2026; President Dave Seiler to succeed as CEO.
First Business Financial Services Q4 EPS $1.58; dividend raised 17% to $0.34
Net income available to common of $13.1M ($1.58 diluted EPS) vs $14.2M ($1.71) in Q4 2024; full-year EPS $5.94, up 14% YoY.
First Business Bank Q3 net income $14.2M, EPS $1.70; loan growth 10.4% annualized
Net income available to common $14.2M, diluted EPS $1.70 vs $1.24 a year ago.
First Business Bank Q2 2025 net income $11.2M, EPS $1.35; loans grow 8.4% annualized
Net income available to common shareholders $11.2M, EPS $1.35, up from $1.23 in Q2 2024.
First Business CEO Corey Chambas to retire May 2, 2026; COO Dave Seiler named successor
Corey Chambas to retire as CEO effective May 2, 2026; will remain on boards.
First Business Financial Q1 net income $11.0M, EPS $1.32; loans up 9% annualized
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.
First Business Financial Services posts record Q4 net income $14.2M, EPS $1.71
Q4 net income available to common $14.2M, EPS $1.71 vs $9.6M/$1.15 in Q4 2023.
First Business Bank Q3 net income $10.3M, EPS $1.24; NIM stable at 3.64%
Net income available to common shareholders $10.3M, up from $9.7M in Q3 2023; diluted EPS $1.24 vs $1.17.
First Business Bank Q2 net income $10.2M, EPS $1.23 beats linked quarter; NIM expands to 3.65%
Diluted EPS $1.23 (vs $1.04 Q1 2024, $0.98 Q2 2023); net income $10.2M, up 15% linked quarter.
First Business Financial Services unveils 5-year strategic plan targeting ≥15% ROATCE by 2028
New plan targets ROATCE ≥15% by 2028, TBV growth ≥10% annually, and revenue growth ≥10% annually.
First Business Bank Q1 net income $8.6M ($1.04 EPS); loan growth 8.5% annualized, NIM compresses
Net income available to common shareholders $8.6M, diluted EPS $1.04, down from $1.15 in Q4 2023 and flat YoY.
First Business Financial reports record PTPP earnings of $56.2M; deposits up 19% in 2023
2023 net interest margin 3.78%, outperforming peer median by 61 bps (vs 36 bps in 2022).
FBIZ Q4 2023 net income $9.6M; in-market deposits up 27%, loans up 13%
Net income $9.6M; pre-tax pre-provision ROAA 1.77%; tangible book value per share +14% annualized.
Net income available to common $9.6M, diluted EPS $1.15, vs $1.17 in Q3 and $1.18 in Q4 2022.
Cumulative TSR over five years ended Sep 30, 2023 exceeded 50%, versus peer median -8% and Russell 2000 +13%.
FBIZ Q3 2023 EPS up 19% YoY; loans grow 18.6% YoY; adjusted NIM expands 3 bps to 3.66%
EPS +19% YoY; net interest income +10.5% YoY; PTPP ROAA stable at 1.72%.
First Business Bank Q3 net income $9.7M ($1.17 EPS); loans up 13.4% annualized
Net income $9.7M vs $10.6M in Q3 2022; diluted EPS $1.17 vs $1.25.
appointed Mr. Scott M. Ferris as a Class III Director to fill the vacancy created by this increase.
Mr. Seiler was appointed to the Company’s Board of Directors effective May 3, 2026.
the Board of Directors of First Business Financial Services, Inc. (the "Company") appointed David R. Seiler as President and Chief Executive Officer of the Company, effective May 3, 2026.
appointed Mr. Jason R. Graham as a Class II Director to fill the vacancy created by this increase.
On May 2, 2025, Corey Chambas, Chief Executive Officer of First Business Financial Services, Inc. (the “Company”), notified the Company of his intention to retire from his role effective May 2, 2026.
On May 1, 2024, Mark J. Meloy, Executive Vice President of First Business Financial Services, Inc. (the “Company”), notified the Company of his intention to retire effective on or about May 1, 2025.
On January 25, 2024, Mark D. Bugher provided First Business Financial Services, Inc. (the “Company”) with notice of his intention to retire from the Company’s Board of Directors (the “Board”) effective as of the conclusion of the 2024 Annual Meeting of Shareholders, which is expected to be held on or about April 26, 2024.
Mr. Sloane retired from his role as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer effective April 1, 2023.
Mr. Spielmann was named Chief Financial Officer on April 1, 2023 and was not a Named Executive Officer at the time of the 2020 Grant.
On April 1, 2023, the Board appointed Kevin D. Crampton, the Company’s Senior Director of Accounting, as the Company’s Chief Accounting Officer and Principal Accounting Officer effective as of the date of Mr. Spielmann’s appointment to Chief Financial Officer.
Effective April 1, 2023, the Board of Directors (the “Board”) of First Business Financial Services, Inc. (the “Company”) has appointed Brian D. Spielmann to serve as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer.
In conjunction with Mr. Spielmann’s appointment and as previously announced, Mr. Edward G. Sloane, Jr. will cease serving as the Company’s Chief Financial Officer, Principal Financial Officer and Treasurer effective April 1, 2023.
Max materiality 0.80 · Median 0.43 · Most common event earnings