A downtrend has been apparent in First Business Financial Services (FBIZ) lately. While the stock has lost 8.9% over the past week, it could witness a trend reversal as a hammer chart pattern was formed in its last trading session. This could mean that the bulls have been able to counteract the bears to help the stock find support. The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a ...

Company Overview - First Business Financial Services (FBIZ) is headquartered in Madison and operates in the Finance sector, with a stock price change of 9.05% since the beginning of the year [3] - The company currently pays a dividend of $0.25 per share, resulting in a dividend yield of 2.29%, which is lower than the Banks - Midwest industry's yield of 2.78% and higher than the S&P 500's yield of 1.61% [3] Dividend Performance - The current annualized dividend of $1 represents a 9.9% increase from the previous year, with FBIZ having increased its dividend five times over the last five years, averaging an annual increase of 11.20% [4] - The company's payout ratio stands at 22%, indicating that it paid out 22% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - FBIZ is projected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2024 at $4.61 per share, reflecting a 6.47% increase from the previous year [5] Investment Appeal - FBIZ is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7]

We are a registered bank holding company incorporated under the laws of the State of Wisconsin and are engaged in the commercial banking business through our wholly-owned banking subsidiary, FBB. All of our operations are conducted through FBB and First Business Specialty Finance, LLC ("FBSF"), a wholly-owned subsidiary of FBB. We operate as a business bank focusing on delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, ...

Core Insights - First Business Financial Services (FBIZ) reported revenue of $37.97 million for the quarter ended June 2024, reflecting an 8.1% increase year-over-year and an EPS of $1.23, up from $0.98 in the same quarter last year [1] Financial Performance Metrics - The reported revenue exceeded the Zacks Consensus Estimate of $36.73 million by 3.35%, while the EPS surpassed the consensus estimate of $1.09 by 12.84% [3] - Efficiency ratio was reported at 62.8%, slightly better than the average estimate of 63.1% from three analysts [5] - Net Interest Margin was 3.7%, above the average estimate of 3.6% from three analysts [5] - Net Charge-off as a percentage of Average Loans was 0.2%, compared to the average estimate of 0.1% based on two analysts [5] - Total Average Interest-Earning Assets were reported at $3.35 billion, matching the average estimate from two analysts [5] - Net Interest Income was $30.54 million, exceeding the average estimate of $29.80 million from three analysts [5] - Total Non-Interest Income was $7.43 million, above the average estimate of $7.27 million from three analysts [5] - Private wealth management service fees reached $3.46 million, surpassing the average estimate of $3.10 million from two analysts [5] - Financial Services-Service charges on deposits were reported at $0.95 million, in line with the average estimate from two analysts [5] Stock Performance - Shares of First Business Financial Services have increased by 22.3% over the past month, contrasting with a -0.3% change in the Zacks S&P 500 composite [6] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [6]

Core Viewpoint - First Business Financial Services (FBIZ) reported quarterly earnings of $1.23 per share, exceeding the Zacks Consensus Estimate of $1.09 per share, and showing an increase from $0.98 per share a year ago [1] Financial Performance - The company achieved revenues of $37.97 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 3.35%, compared to $35.12 million in the same quarter last year [6] - This quarterly report represents an earnings surprise of 12.84%, while the previous quarter had an earnings surprise of -7.96% [5] Earnings Estimates and Future Outlook - The current consensus EPS estimate for the upcoming quarter is $1.16 on revenues of $38.07 million, and for the current fiscal year, it is $4.52 on revenues of $150.03 million [9] - The trend of estimate revisions for First Business Financial Services is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [13] Market Performance - First Business Financial Services shares have increased approximately 6% since the beginning of the year, while the S&P 500 has gained 13.8% [7] - The company has surpassed consensus EPS estimates two times over the last four quarters [2] and has topped consensus revenue estimates twice in the same period [6] Industry Context - First Business Financial Services operates within the Zacks Banks - Midwest industry, which is currently ranked in the top 42% of over 250 Zacks industries [14]

Investor Presentation This release may include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995, which reflect First Business Bank's current views with respect to future events and financial performance. Forward-looking statements are not based on historical information, but rather are related to future operations, strategies, financial results, or other developments. Forwardlooking statements are based on management's expectations as well as certain assumptions ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ Quarterly Report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 001-34095 FIRST BUSINESS FINANCIAL SERVICES, INC. (Exact name of registrant as specified in its charter) | Wisconsin | 39-1576570 | | --- | --- | | (State or other jurisdiction ...

For the quarter ended March 2024, First Business Financial Services (FBIZ) reported revenue of $36.27 million, up 3.3% over the same period last year. EPS came in at $1.04, compared to $1.05 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $37.47 million, representing a surprise of -3.20%. The company delivered an EPS surprise of -7.96%, with the consensus EPS estimate being $1.13.While investors closely watch year-over-year changes in headline numbers -- revenue and ...

First Business Financial Services (FBIZ) came out with quarterly earnings of $1.04 per share, missing the Zacks Consensus Estimate of $1.13 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.96%. A quarter ago, it was expected that this bank holding company for First Business Bank and First Business Bank-Milwaukee would post earnings of $1.14 per share when it actually produced ear ...

[FOR IMMEDIATE RELEASE] First Business Financial Services, Inc. 401 Charmany Drive Madison, WI 53719 FIRST BUSINESS BANK REPORTS FIRST QUARTER 2024 NET INCOME OF $8.6 MILLION Exhibit 99.1 1 • Solid Loan Growth. Loans increased $60.6 million, or 8.5% annualized, from the fourth quarter of 2023, and $371.5 million, or 14.6%, from the first quarter of 2023, reflecting ongoing expansion across the Company's products and geographies. • Core Deposit Growth Continues. Average core deposits grew to a record $2.346 ...