First Business Financial Services (FBIZ) Tops Q3 EPS by 24c

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Go back to First Business Financial Services (FBIZ) Tops Q3 EPS by 24c

First Business Bank Reports Third Quarter 2022 Net Income of $10.6 Million

October 27, 2022 4:01 PM EDT

-- Net interest margin expansion and balance sheet growth drive record top line revenue and 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 $10.6 million, or $1.25 diluted earnings per share. This compares to net income available to common shareholders of $11.0 million, or $1.29 per share, in the second quarter of 2022 and $9.2 million, or $1.07 per share, in the third quarter of 2021.

In the third quarter, loan and deposit... More