First Business(US:FBIZ)2025-04-25 18:22Financial Performance Highlights - Private Wealth Management (PWM) assets under management and administration reached a record of $3.425 billion[5] - PWM fee income totaled $3.5 million for Q1 2025, a 12.2% increase compared to Q1 2024[5] - Loans experienced consistent growth, with a 9.2% annualized increase from the linked quarter and a 9.4% increase from Q1 2024[5] - Core deposits grew by 11.1% annualized from the linked quarter and 7.2% from Q1 2024[5] - The company reported a strong net interest margin (NIM) of 3.69%[5] - Operating revenue increased by 13% year-over-year, driven by strong loan growth, NIM, and a 12% increase in fee income[5] - Tangible book value grew by 9% compared to the linked quarter and 14% compared to the prior year quarter[7] Asset Quality and Liquidity - Non-Performing Assets (NPAs) decreased by 15.2% from the linked quarter[5] - The ratio of NPAs to total assets decreased from 0.91% in Q4 2024 to 0.76%[5] - Approximately 68% of deposits are insured or collateralized[33]