FIRST BUSINESS FINANCIAL SERVICES INC
For the period ended Mar 31, 2024. Filed Apr 26, 2024.
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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.
Mar 31, 2024 · Filed Apr 26, 2024
FBIZ$75.22-0.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income (Unaudited)
| For the Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (In Thousands, Except Per Share Data) | ||
| Interest income | ||
| Loans and leases | $51,549 | $39,814 |
| Securities | 2,794 | 1,590 |
| Short-term investments | 1,440 | 660 |
| Total interest income | 55,783 | 42,064 |
| Interest expense | ||
| Deposits | 23,837 | 12,430 |
| Federal Home Loan Bank advances and other borrowings | 2,435 | 2,929 |
| Total interest expense | 26,272 | 15,359 |
| Net interest income | 29,511 | 26,705 |
| Provision for credit losses | 2,326 | 1,561 |
| Net interest income after provision for credit losses | 27,185 | 25,144 |
| Non-interest income | ||
| Private wealth management service fees | 3,111 | 2,654 |
| Gain on sale of Small Business Administration loans | 195 | 476 |
| Service charges on deposits | 940 | 682 |
| Loan fees | 847 | 803 |
| Increase in cash surrender value of bank-owned life insurance | 412 | 366 |
| Net loss on sale of securities | (8) | — |
| Swap fees | 198 | 557 |
| Other non-interest income | 1,062 | 2,872 |
| Total non-interest income | 6,757 | 8,410 |
| Non-interest expense | ||
| Compensation | 16,157 | 15,908 |
| Occupancy | 607 | 631 |
| Professional fees | 1,571 | 1,343 |
| Data processing | 1,018 | 875 |
| Marketing | 818 | 628 |
| Equipment | 345 | 295 |
| Computer software | 1,418 | 1,183 |
| FDIC insurance | 610 | 394 |
| Other non-interest expense | 798 | 510 |
| Total non-interest expense | 23,342 | 21,767 |
| Income before income tax expense | 10,600 | 11,787 |
| Income tax expense | 1,752 | 2,808 |
| Net income | 8,848 | 8,979 |
| Preferred stock dividend | 219 | 219 |
| Net income available to common shareholders | $8,629 | $8,760 |
| Earnings per common share | ||
| Basic | $1.04 | $1.05 |
| Diluted | 1.04 | 1.05 |
| Dividends declared per share | 0.2500 | 0.2275 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.