First Business(US:FBIZ)2025-07-25 18:00Financial Performance Highlights - Private Wealth Management assets under management and administration reached a record of $3.731 billion[5] - Private Wealth Management fee income totaled $3.7 million for Q2 2025, an increase of 8.3% compared to Q2 2024[5] - The company experienced consistent loan growth, with an annualized increase of 8.4% from the linked quarter and 8.9% from Q2 2024[5] - Core deposits grew at an annualized rate of 11.4% from the linked quarter and 9.7% from Q2 2024[5] - The net interest margin (NIM) was strong at 3.67%, compared to 3.69% for the linked quarter and 3.65% for the prior-year quarter[5] - Tangible book value per share (TBVPS) increased at an annualized rate of 10.2% from the linked quarter and 13.6% from Q2 2024[5] - Operating revenue increased by 8.1% from Q2 2024, and year-to-date operating revenue increased by 10.3% over the first six months of 2024[5] - Pre-tax, pre-provision earnings grew by 18% year-to-date, and net income grew by 17% for the first six months of 2025 compared to the prior-year period[7] Balance Sheet and Liquidity - As of June 30, 2025, readily accessible liquidity was $1.313 billion, with total liquidity reaching $2.004 billion[35] - 70% of deposits are insured or collateralized, with FDIC insured deposits at $3.305 billion[36]