First Business(US:FBIZ)2025-01-31 15:21Financial Highlights - Record pre‐tax, pre‐provision earnings were driven by record operating revenue, strong net interest margin, and positive operating leverage[4] - The company's net interest margin was 377%[4] - Wealth Management assets grew to $3.4 Billion in Q4 2024, a 16.8% increase from Q4 2023[4] - Pre-tax, pre-provision income increased by 15%[4] Strategic Goals & Progress - The company's ROATCE was 15.4% in 2024[14] - Tangible book value growth was 15% in 2024[14] - Employee engagement reached 86% in 2024[14] Balance Sheet & Lending - Total assets amounted to $3.8 Billion[6] - The company's market capitalization was $405 million as of January 29, 2025[5] - SOFR loans amounted to $1.268 Billion, while managed rate, non-maturity deposits totaled $1.011 Billion[34] - 95% of the loan portfolio was classified in category I as of December 31, 2024[75]