First Business Financial Services, Inc. (FBIZ)

FBIZ Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	211.64	182.65	115.37	91.84	89.16	96.23
Interest Income on Investments	16.15	12.28	6	4.15	5.02	5.81
Total Interest Income	227.78	194.93	121.37	96	94.18	102.04
Interest Paid on Deposits	96.45	71.42	13.18	3.55	8.92	22.96
Interest Paid on Borrowings	10.74	10.92	9.77	7.78	8.19	9.23
Total Interest Expense	107.18	82.34	22.95	11.33	17.11	32.18
Net Interest Income	120.6	112.59	98.42	84.66	77.07	69.86
Net Interest Income Growth (YoY)	9.14%	14.39%	16.25%	9.85%	10.33%	3.73%
Trust Income	12.77	11.43	10.88	10.78	8.61	8.2
Gain (Loss) on Sale of Investments	-0.01	-0.05	-	0.03	-2.4	-4.14
Gain (Loss) on Sale of Equity Investments	5.02	5.02	3.01	2.5	0.52	1.4
Other Non-Interest Income	5.61	9.72	9.15	6.9	11.5	9.31
Total Non-Interest Income	28.34	31.31	29.43	28.1	24.55	19.33
Non-Interest Income Growth (YoY)	-9.13%	6.39%	4.73%	14.48%	26.99%	20.18%
Revenues Before Loan Losses	148.94	143.9	127.85	112.76	101.62	89.19
Provision for Loan Losses	8.7	8.18	-3.87	-5.8	16.81	2.09
Revenue	140.24	135.71	131.72	118.57	84.81	87.1
Revenue Growth (YoY)	3.59%	3.03%	11.09%	39.80%	-2.63%	11.76%
Salaries and Employee Benefits	59.45	58.08	55.16	49.2	43.98	40.46
Federal Deposit Insurance	2.62	2.24	1.04	1.14	1.24	0.64
Selling, General & Administrative	25.33	23.72	20.88	18.79	17.07	16.99
Other Non-Interest Expense	4.41	4.43	2.37	2.36	4.12	3.87
Total Non-Interest Expense	91.92	88.58	79.47	71.54	66.5	62.3
EBT Excluding Unusual Items	48.32	47.14	52.24	47.03	18.31	24.8
Asset Writedown	-	-	-	-	-	-0.3
Pretax Income	48.32	47.14	52.24	47.03	18.31	24.5
Income Tax Expense	8.72	10.11	11.39	11.28	1.33	1.18
Net Income	39.6	37.03	40.86	35.76	16.98	23.32
Preferred Dividends & Other Adjustments	1.81	1.81	1.79	1.05	0.42	0.5
Net Income to Common	37.8	35.21	39.07	34.7	16.56	22.82
Net Income Growth	5.85%	-9.38%	14.27%	110.60%	-27.21%	43.07%
Basic Shares Outstanding	8	8	8	8	8	9
Diluted Shares Outstanding	8	8	8	8	8	9
Shares Change (YoY)	-0.08%	-1.16%	-1.06%	-0.83%	-1.54%	-1.44%
EPS (Basic)	4.64	4.33	4.75	4.17	1.97	2.68
EPS (Diluted)	4.64	4.33	4.75	4.17	1.97	2.68
EPS Growth	6.29%	-8.82%	13.88%	111.68%	-26.49%	44.16%
Dividend Per Share	0.978	0.910	0.790	0.720	0.660	0.600
Dividend Growth	11.08%	15.19%	9.72%	9.09%	10.00%	7.14%
Effective Tax Rate	18.05%	21.45%	21.79%	23.97%	7.25%	4.80%

Source: S&P Capital IQ. Banks template. Financial Sources.