First Business Financial Services, Inc. (FBIZ)

FBIZ Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	233.13	182.65	115.37	91.84	89.16
Interest Income on Investments	-	12.28	6	4.15	5.02
Total Interest Income	233.13	194.93	121.37	96	94.18
Interest Paid on Deposits	108.92	71.42	13.18	3.55	8.92
Interest Paid on Borrowings	-	10.92	9.77	7.78	8.19
Total Interest Expense	108.92	82.34	22.95	11.33	17.11
Net Interest Income	124.21	112.59	98.42	84.66	77.07
Net Interest Income Growth (YoY)	10.32%	14.39%	16.25%	9.85%	10.33%
Trust Income	13.26	11.43	10.88	10.78	8.61
Gain (Loss) on Sale of Investments	-0.01	-0.05	-	0.03	-2.4
Gain (Loss) on Sale of Equity Investments	-	5.02	3.01	2.5	0.52
Other Non-Interest Income	10.28	9.72	9.15	6.9	11.5
Total Non-Interest Income	29.25	31.31	29.43	28.1	24.55
Non-Interest Income Growth (YoY)	-6.57%	6.39%	4.73%	14.48%	26.99%
Revenues Before Loan Losses	153.46	143.9	127.85	112.76	101.62
Provision for Loan Losses	8.83	8.18	-3.87	-5.8	16.81
Revenue	144.63	135.71	131.72	118.57	84.81
Revenue Growth (YoY)	6.57%	3.03%	11.09%	39.80%	-2.63%
Salaries and Employee Benefits	63.11	58.08	55.16	49.2	43.98
Federal Deposit Insurance	2.76	2.24	1.04	1.14	1.24
Selling, General & Administrative	23.93	23.72	20.88	18.79	17.07
Other Non-Interest Expense	3.68	4.43	2.37	2.36	4.12
Total Non-Interest Expense	93.48	88.58	79.47	71.54	66.5
EBT Excluding Unusual Items	51.15	47.14	52.24	47.03	18.31
Pretax Income	51.15	47.14	52.24	47.03	18.31
Income Tax Expense	6.91	10.11	11.39	11.28	1.33
Net Income	44.25	37.03	40.86	35.76	16.98
Preferred Dividends & Other Adjustments	0.88	1.81	1.79	1.05	0.42
Net Income to Common	43.37	35.21	39.07	34.7	16.56
Net Income Growth	19.49%	-9.38%	14.27%	110.60%	-27.21%
Basic Shares Outstanding	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8
Shares Change (YoY)	0.21%	-1.16%	-1.06%	-0.83%	-1.54%
EPS (Basic)	5.32	4.33	4.75	4.17	1.97
EPS (Diluted)	5.20	4.33	4.75	4.17	1.97
EPS Growth	20.09%	-8.82%	13.88%	111.68%	-26.49%
Dividend Per Share	1.000	0.910	0.790	0.720	0.660
Dividend Growth	9.89%	15.19%	9.72%	9.09%	10.00%
Effective Tax Rate	13.50%	21.45%	21.79%	23.97%	7.25%

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