FIRST BUSINESS FINANCIAL SERVICES, INC.
For the period ended Sep 30, 2025. Filed Oct 31, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 31, 2025
FBIZ$75.22-0.8%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Unaudited)
| For the Three Months Ended September 30, | For the Nine Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| (In Thousands, Except Per Share Data) | ||||
| Interest income | ||||
| Loans and leases | $58,500 | $55,506 | $170,395 | $160,947 |
| Securities | 4,011 | 2,976 | 11,199 | 8,823 |
| Short-term investments | 1,235 | 845 | 2,964 | 3,250 |
| Total interest income | 63,746 | 59,327 | 184,558 | 173,020 |
| Interest expense | ||||
| Deposits | 26,338 | 25,290 | 73,611 | 73,802 |
| Federal Home Loan Bank advances and other borrowings | 2,522 | 3,030 | 9,019 | 8,159 |
| Total interest expense | 28,860 | 28,320 | 82,630 | 81,961 |
| Net interest income | 34,886 | 31,007 | 101,928 | 91,059 |
| Provision for credit losses | 1,440 | 2,087 | 6,800 | 6,126 |
| Net interest income after provision for credit losses | 33,446 | 28,920 | 95,128 | 84,933 |
| Non-interest income | ||||
| Private wealth management service fees | 3,687 | 3,264 | 10,928 | 9,835 |
| Gain on sale of Small Business Administration loans | 382 | 460 | 1,742 | 1,004 |
| Service charges on deposits | 1,151 | 920 | 3,303 | 2,810 |
| Loan fees | 501 | 812 | 1,313 | 2,486 |
| Bank-owned life insurance income | 965 | 416 | 2,016 | 1,231 |
| Net loss on sale of securities | — | — | — | (8) |
| Swap fees | 974 | 460 | 1,257 | 815 |
| Other non-interest income | 1,980 | 732 | 3,916 | 3,073 |
| Total non-interest income | 9,640 | 7,064 | 24,475 | 21,246 |
| Non-interest expense | ||||
| Compensation | 17,442 | 15,198 | 50,723 | 47,570 |
| Occupancy | 567 | 585 | 1,721 | 1,785 |
| Professional fees | 1,071 | 1,305 | 4,016 | 4,348 |
| Data processing | 1,123 | 1,045 | 3,574 | 3,245 |
| Marketing | 876 | 922 | 2,906 | 2,591 |
| Equipment | 296 | 333 | 1,007 | 1,013 |
| Computer software | 1,826 | 1,608 | 5,085 | 4,581 |
| FDIC insurance | 817 | 810 | 2,432 | 2,032 |
| Other non-interest expense | 1,682 | 1,301 | 3,924 | 3,164 |
| Total non-interest expense | 25,700 | 23,107 | 75,388 | 70,329 |
| Income before income tax expense | 17,386 | 12,877 | 44,215 | 35,850 |
| Income tax expense | 2,993 | 2,351 | 7,229 | 6,020 |
| Net income | 14,393 | 10,526 | 36,986 | 29,830 |
| Preferred stock dividend | 218 | 218 | 656 | 656 |
| Net income available to common shareholders | $14,175 | $10,308 | $36,330 | $29,174 |
| Earnings per common share | ||||
| Basic | $1.70 | $1.24 | $4.37 | $3.50 |
| Diluted | 1.70 | 1.24 | 4.37 | 3.50 |
| Dividends declared per share | 0.29 | 0.25 | 0.87 | 0.75 |
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