First Business Financial Services (FBIZ) Tops Q2 EPS by 39c

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Go back to First Business Financial Services (FBIZ) Tops Q2 EPS by 39c

First Business Bank Reports Record Second Quarter 2022 Net Income of $11.0 Million

July 28, 2022 4:00 PM EDT

-- Strong top line revenue and provision benefit drive tangible book value growth --

MADISON, Wis.--(BUSINESS WIRE)-- First Business Financial Services, Inc. (the Company, the Bank, or First Business Bank) (Nasdaq: FBIZ) reported quarterly net income available to common shareholders of $11.0 million, or $1.29 diluted earnings per share. This compares to net income of $8.7 million, or $1.02 per share, in the first quarter of 2022 and $8.2 million, or $0.95 per share, in the second quarter of 2021.

Our record quarterly net income was driven by a notable increase in net interest income and exceptional... More