Core Viewpoint - First Business Bank has reported a decline in net income for Q4 2025 but has increased its cash dividend by 17%, reflecting confidence in financial stability and commitment to shareholder value [2][3][5] Financial Performance - The bank reported a quarterly net income of $13.1 million, translating to earnings per share (EPS) of $1.58, a decrease from $14.2 million or $1.70 per share in the previous quarter and the same period in 2024 [2][5] - The stock price for FBIZ is currently at $58.84, reflecting a 2.65% increase or $1.52 from the previous trading session [3][5] Dividend and Shareholder Value - First Business Bank has increased its cash dividend by 17%, indicating a strong commitment to returning value to shareholders despite the decline in net income [3][5] Market Performance - Over the past year, FBIZ has reached a high of $59.86 and a low of $42.18, with a current market capitalization of approximately $489.8 million [4] - The trading volume for FBIZ on the NASDAQ exchange is 36,518 shares, indicating stable market presence and investor interest [4] Analyst Ratings - Piper Sandler has maintained an "Overweight" rating for FBIZ and raised the price target from $61 to $70, reflecting positive sentiment towards the stock [1][5]

Core Viewpoint - Adamera Minerals Corp. has successfully closed the hard dollar portion of its private placement, raising a total of $1,001,000 from the sale of Units, in addition to $253,500 raised in a previous flow-through financing [1][2]. Financing Details - The Company raised $1,001,000 by selling 18,200,000 Units at a price of $0.055 per Unit, with each Unit consisting of one common share and one common share purchase warrant [2]. - Each warrant is exercisable at a price of $0.12 for three years, with an accelerated expiry provision if the market price exceeds $0.16 for 10 consecutive trading days [2]. Securities and Regulations - All securities are subject to a four-month hold, expiring on May 31, 2026, and no finder's fee was paid for this financing [3]. - Two directors of the Company acquired a total of 742,013 Units, which is classified as a related party transaction under TSX Venture Exchange Policy 5.9 and MI 61-101 [4]. Company Overview - Adamera Minerals Corp. focuses on exploring high-grade gold, silver, and copper deposits in Washington State and British Columbia, holding numerous drill-ready targets in areas with past producing mines [5].

 Calgary, Alberta – January 30, 2026 – TheNewswire - Ocumetics Technology Corp. (“Ocumetics” or the “Corporation”) (TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) announces that it is seeking approval from the TSX Venture Exchange (the “Exchange”) with respect to a forbearance agreement to be entered into between the Corporation and the holders of secured convertible debentures (the “Debentures”) that were issued by the Corporation in May and June 2024 (see press releases dated May 15, 2024, May 23, 2024 and June 2 ...

Financial Data and Key Metrics Changes - First Business Bank reported a pre-tax, pre-provision earnings growth of nearly 15% over 2024, with a return on average tangible common equity exceeding 15% for the year [5][6] - Tangible book value per share increased by 14% year-over-year, and earnings per share (EPS) grew by 14% over 2024, surpassing the long-term annual goal of 10% earnings growth [5][6] - The net interest margin (NIM) for the fourth quarter declined by 15 basis points to 3.53%, primarily due to a non-accrual interest reversal, but the target range for NIM remains at 3.60%-3.65% [16][17] Business Line Data and Key Metrics Changes - The private wealth business generated a record $3.8 million in fee income, up 11% year-over-year, while service charges increased nearly 20% year-over-year [9] - Net interest income for the full year grew by 10%, meeting the double-digit growth goal, attributed to robust loan and deposit growth [9][10] - Non-interest income showed resilience despite lower SBA gains and variable income streams, achieving 10% operating revenue growth for the full year [10][11] Market Data and Key Metrics Changes - Loan balances grew by approximately $39 million, or 5% annualized during the fourth quarter, and $261 million, or 8% over the same period last year [11] - Core deposit balances increased by 12% from both the linked and prior year quarters, primarily from core interest-bearing and money market accounts [14] - The company expects loan growth to rebound to typical double-digit rates in 2026, driven by solid loan demand and a strong regional economy [12][13] Company Strategy and Development Direction - The company aims to continue achieving double-digit growth by investing in talent, technology, and maintaining prudent underwriting practices [24] - The board approved a 17% increase in the quarterly cash dividend, reflecting confidence in future financial success [6] - The company emphasizes organic growth as the best way to drive shareholder value, rather than pursuing M&A opportunities [72][73] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong pipelines in commercial real estate and C&I loans, as well as potential benefits from changes in federal tax policy [13][72] - The company is confident in maintaining a strong and stable margin, with expectations for continued double-digit growth in net interest income [17][18] - Management acknowledged challenges from elevated CRE payoff activity but remains committed to achieving growth targets [12][81] Other Important Information - The company experienced an isolated credit situation with a $20.4 million downgrade in CRE loans related to a single borrower, but overall asset quality remains strong [7][8] - An accounting classification change was made to present the net benefit of partnership investments, which will continue going forward [18][19] Q&A Session Summary Question: Details on the CRE relationship affecting NPAs - Management provided insights on appraisals and loan-to-value ratios, indicating a 72% LTV across seven properties [30][31] Question: Expectations for credit costs in the coming year - Management clarified that charge-offs for the quarter were primarily related to equipment finance, with no specific reserves needed for the downgraded CRE loans [32][33] Question: Fee income growth guidance - Management confirmed a 10% growth expectation for overall fees, excluding certain non-recurring items [35][36] Question: Equipment finance portfolio balance and expectations - The transportation segment of the Equipment Finance portfolio was reported at $21 million, down from $61 million previously [53][54] Question: Confidence in achieving double-digit loan growth - Management expressed confidence based on strong pipelines and improved team performance, despite recent higher payoff levels impacting growth [80][81]

Financial Data and Key Metrics Changes - First Business Bank reported a nearly 15% increase in pre-tax, pre-provision earnings over 2024, with a return on average tangible common equity exceeding 15% for the year [5][6] - Tangible book value per share grew 14% year-over-year, and earnings per share (EPS) increased by 14% over 2024, surpassing the long-term goal of 10% annual growth [5][6] - The net interest margin (NIM) declined by 15 basis points to 3.53%, primarily due to a non-accrual interest reversal, but remained stable at 3.64% for the full year [16][17] Business Line Data and Key Metrics Changes - The private wealth business generated a record $3.8 million in fee income, up 11% year-over-year, while service charges increased nearly 20% year-over-year [9] - Net interest income grew 10% for the full year, meeting the double-digit growth goal, attributed to robust loan and deposit growth [9][10] - Non-interest income was affected by lower SBA gains and a reclassification of partnership investment income, which was adjusted to reflect net benefits [18][19] Market Data and Key Metrics Changes - Loan balances grew by approximately $39 million, or 5% annualized during the fourth quarter, and $261 million, or 8% year-over-year [11] - Core deposit balances increased by 12% from both the linked and prior year quarters, primarily from interest-bearing and money market accounts [14] - The company expects loan growth to rebound to typical double-digit rates in 2026, driven by strong regional economic conditions in Southern Wisconsin [12][13] Company Strategy and Development Direction - The company aims to achieve double-digit growth by investing in talent, technology, and maintaining prudent underwriting practices [24] - Management emphasized the importance of organic growth over acquisitions, believing it provides better value for shareholders [72][73] - The focus remains on maintaining a strong and stable net interest margin while shifting the loan mix towards higher-yielding commercial and industrial (C&I) relationships [17][18] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong pipelines in commercial real estate and C&I lending, as well as potential benefits from changes in federal tax policy [13][72] - The company anticipates continued competitive pressure on deposit pricing but believes it can maintain margins due to a balanced interest rate strategy [17][70] - Management acknowledged isolated credit challenges but indicated overall asset quality remains strong, with no significant concerns outside of specific loans [14][33] Other Important Information - The company recorded net charge-offs of $2.5 million, primarily from previously reserved equipment finance loans [14] - The effective tax rate for 2025 was 16.8%, within the expected range, and the company plans to continue evaluating capital management tools to maximize shareholder returns [22] Q&A Session Summary Question: Details on the CRE relationship affecting MPAs - Management provided insights on appraisals and the loan-to-value ratio, indicating a 72% LTV across seven properties [30][31] Question: Expectations for credit costs in the coming year - Management clarified that recent charge-offs were primarily related to equipment finance, with no specific reserves needed for the CRE relationship [32][33] Question: Fee income growth guidance - Management confirmed a 10% growth expectation for overall fees, excluding certain non-recurring items [35][36] Question: Timeline for resolution of larger problem loans - Management indicated that resolution could take time but expects progress throughout the year [48][49] Question: Equipment finance portfolio balance and expectations - The equipment finance portfolio was reported at $20 million, down from $61 million, with expectations for stability moving forward [55][56] Question: Strategic goals and potential adjustments - Management discussed the achievement of strategic goals and the focus on maintaining or improving efficiency ratios [57][58] Question: Outlook for loan growth in 2026 - Management expressed confidence in achieving double-digit loan growth, supported by strong pipelines and improved team performance [80][82]

Financial Data and Key Metrics Changes - First Business Financial Services reported a nearly 15% growth in pre-tax, pre-provision earnings over 2024, with a return on average tangible common equity exceeding 15% for the year [4] - Tangible book value per share increased by 14% year-over-year, and earnings per share (EPS) grew 14% over 2024, surpassing the long-term annual goal of 10% earnings growth [4][5] - The net interest margin (NIM) declined by 15 basis points to 3.53%, primarily due to a non-accrual interest reversal, but remained stable at 3.64% for the full year [15][16] Business Line Data and Key Metrics Changes - The private wealth business generated a record $3.8 million in fee income, up 11% year-over-year, while service charges increased nearly 20% year-over-year [9] - Non-interest income showed resilience despite lower SBA gains and variable swap and loan fees, achieving 10% operating revenue growth for the full year [10][11] - Loan balances grew by approximately $39 million, or 5% annualized during the quarter, and $261 million, or 8% over the same period last year [11] Market Data and Key Metrics Changes - The company experienced elevated commercial real estate (CRE) payoff activity during Q4, with total payoffs in 2025 exceeding 2024 levels by almost $70 million [12] - Core deposit balances increased by 12% from both the linked and prior year quarters, primarily from core interest-bearing and money market accounts [14] - The company anticipates continued solid loan demand in its bank markets, particularly in Southern Wisconsin, benefiting from a strong regional economy [12][13] Company Strategy and Development Direction - The company aims to maintain double-digit growth in earnings and revenue, focusing on talent acquisition, technology investment, and prudent underwriting [21] - The board approved a 17% increase in the quarterly cash dividend, reflecting confidence in the company's financial success and growth trajectory [5] - The company emphasizes organic growth as the best way to drive shareholder value, rather than pursuing M&A opportunities [72][73] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about future growth, citing strong pipelines in commercial real estate and C&I loans, as well as potential benefits from changes in federal tax policy [13][21] - The company expects to see growth rebound to typical double-digit rates in 2026, driven by positive trends in the banking industry and client demand [12][21] - Management noted that while deposit pricing pressure remains competitive, it has eased modestly since the Fed began cutting rates [16][70] Other Important Information - The company recorded a non-accrual interest reversal totaling $892,000, which compressed net interest income and lowered the margin by ten basis points in Q4 [8] - The effective tax rate for 2025 was 16.8%, within the expected range of 16%-18%, and the company continues to generate excess capital for organic growth [20] Q&A Session Summary Question: Details on the CRE relationship that drove the increase in MPAs - Management provided insights on the timing of appraisals and the current loan-to-value ratio, which is 72% across the cross-collateralized properties [26][28] Question: Expectations for credit costs in the coming year - Management clarified that charge-offs for the quarter were primarily related to equipment finance and not the downgraded CRE loan, indicating no specific reserves were needed [30] Question: Fee income guidance clarification - Management confirmed that the 10% growth expectation for overall fees excludes certain non-recurring items and is based on a solid foundation [32][34] Question: Equipment finance portfolio balance and expectations - The equipment finance portfolio was reported at $20 million, down from $61 million, with expectations for stability moving forward [52] Question: Outlook on specialty businesses and fee income growth - Management highlighted expectations for growth in private wealth and SBA gain on sale, aiming for 10% growth in overall fee income [111]

NASDAQ: FBIZ Earnings Release Supplement Fourth Quarter 2025 Forward-Looking Statements When used in this presentation, and in any other oral statements made with the approval of an authorized executive officer, the words or phrases "may," "could," "should," "hope," "might," "believe," "expect," "plan," "assume," "intend," "estimate," "anticipate," "project," "likely," or similar expressions are intended to identify "forward‐looking statements" within the meaning of such term in the Private Securities Litig ...

Core Insights - First Business Financial Services (FBIZ) reported revenue of $42.22 million for the quarter ended December 2025, reflecting a year-over-year increase of 2.6% [1] - The earnings per share (EPS) for the quarter was $1.58, up from $1.43 in the same quarter last year, indicating a positive growth trend [1] - The reported revenue fell short of the Zacks Consensus Estimate of $42.73 million, resulting in a revenue surprise of -1.19%, while the EPS exceeded the consensus estimate of $1.38, yielding a surprise of +14.7% [1] Financial Metrics - The efficiency ratio was reported at 56.6%, better than the average estimate of 60.6% based on three analysts [4] - The net interest margin stood at 3.5%, slightly below the average estimate of 3.6% from three analysts [4] - Net charge-offs as a percentage of average gross loans and leases (annualized) were 0.3%, higher than the average estimate of 0.2% from two analysts [4] - The average balance of total interest-earning assets was $3.93 billion, exceeding the estimated $3.86 billion from two analysts [4] - Total non-interest income was $7.46 million, below the average estimate of $7.74 million from three analysts [4] - Net interest income was reported at $34.76 million, slightly lower than the average estimate of $35 million from three analysts [4] - Swap fees amounted to $0.74 million, surpassing the average estimate of $0.65 million from two analysts [4] - Private wealth management service fees were $3.79 million, below the average estimate of $3.97 million from two analysts [4] - Service charges on deposits reached $1.19 million, exceeding the average estimate of $1.09 million from two analysts [4] - Loan fees were reported at $0.41 million, higher than the average estimate of $0.26 million from two analysts [4] Stock Performance - Shares of First Business Financial Services have returned +2.1% over the past month, outperforming the Zacks S&P 500 composite's +0.8% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

First Business Financial Services (FBIZ) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.38 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +14.70%. A quarter ago, it was expected that this bank holding company for First Business Bank and First Business Bank-Milwaukee would post earnings of $1.39 per share when it actually produced ea ...

Financial Performance - Quarterly net income available to common shareholders was $13.1 million, or earnings per share (EPS) of $1.58, compared to $14.2 million, or $1.70 per share, in the previous quarter[1] - Net income for the fourth quarter of 2025 was $13,333 thousand, a decrease of 7.5% from $14,415 thousand in the same quarter of 2024[37] - Basic earnings per share for the year ended December 31, 2025, were $5.94, up from $5.20 in 2024, indicating a growth of 14.2%[37] Loan and Deposit Growth - Core deposits grew by $80.9 million, or 12.5% annualized, from the linked quarter, and $276.6 million, or 11.5%, from the fourth quarter of 2024[3] - Total loans increased by $38.6 million, or 4.6% annualized, from the previous quarter, and $261.4 million, or 8.4%, from the fourth quarter of 2024[3] - Total deposits reached $3,380,415 thousand as of December 31, 2025, an increase of 8.8% from $3,107,140 thousand a year prior[36] - Total gross loans and leases receivable increased to $3,375,227 thousand as of December 31, 2025, up from $3,113,850 thousand a year earlier, representing a growth of 8.43%[51] - Total period-end core deposits grew by $276.6 million, or 11.5%, to $2.673 billion, while the average rate paid decreased by 34 basis points to 2.64%[25] Interest Income and Margin - The net interest margin was 3.53%, down from 3.68% in the previous quarter, primarily due to non-accrual interest reversals[3] - Net interest income increased by $1.6 million, or 4.9%, to $34.8 million, with a 7.3% increase when excluding non-accrual interest activity[17] - Net interest income for the year ended December 31, 2025, was $136,690 thousand, an increase from $124,205 thousand in 2024 and $112,588 thousand in 2023[41] - The yield on average interest-earning assets decreased by 46 basis points to 6.38%, with a net interest margin decrease of 24 basis points to 3.53%[22] Asset Quality - Non-performing assets rose to $43.9 million, or 1.07% of total assets, primarily due to the downgrade of $20.4 million in commercial real estate loans[15] - Provision for credit losses was $1.9 million, up from $1.4 million in the previous quarter, reflecting net charge-offs and loan growth[7] - Non-accrual loans and leases increased to $43,855,000 as of December 31, 2025, from $28,367,000 a year earlier[48] - Net charge-offs for the three months ended December 31, 2025, were $2,545,000, up from $942,000 in the same period of 2024[49] Efficiency and Expenses - The efficiency ratio improved to 56.61% from 57.44% in the previous quarter, indicating enhanced operating efficiency[3] - Compensation expense increased by $1.6 million, or 10.4%, to $17.2 million, reflecting a rise in average FTEs and salary increases[30] - Efficiency ratio improved to 56.61% for the three months ended December 31, 2025, from 56.94% in 2024[47] Dividends and Shareholder Returns - The quarterly cash dividend was increased by 17% to $0.34 per share, marking the 14th consecutive annual increase[3] - The Company announced a quarterly cash dividend of $0.34 per share, representing a 17% increase over the previous quarter's dividend[28] - The company declared dividends of $0.29 per share for the fourth quarter of 2025, consistent with the previous quarter and an increase from $0.25 in the same quarter of 2024[37] Capital and Liquidity - Total assets increased to $4,081,887 thousand as of December 31, 2025, up from $3,853,215 thousand a year earlier, representing a growth of 5.9%[36] - Total liabilities increased to $3,710,302 thousand as of December 31, 2025, from $3,524,626 thousand a year earlier, reflecting a rise of 5.3%[36] - Total liquidity increased to $2,210,437 thousand as of December 31, 2025, compared to $1,909,248 thousand a year earlier, representing a growth of 15.77%[53] - Tangible common equity increased to $347,608 thousand as of December 31, 2025, compared to $304,685 thousand a year earlier, marking a growth of 14.05%[57]