First Business Financial Services, Inc. (FBIZ)

FBIZ Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	220.62	216.9	182.65	115.37	91.84	89.16
Interest Income on Investments	16.25	16.23	12.28	6	4.15	5.02
Total Interest Income	236.88	233.13	194.93	121.37	96	94.18
Interest Paid on Deposits	97.1	97.92	71.42	13.18	3.55	8.92
Interest Paid on Borrowings	11.82	11	10.92	9.77	7.78	8.19
Total Interest Expense	108.92	108.92	82.34	22.95	11.33	17.11
Net Interest Income	127.95	124.21	112.59	98.42	84.66	77.07
Net Interest Income Growth (YoY)	10.88%	10.32%	14.39%	16.25%	9.85%	10.33%
Trust Income	13.64	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	1.93	1.93	5.02	3.01	2.5	0.52
Other Non-Interest Income	7.91	8.35	9.72	9.15	6.9	11.5
Total Non-Interest Income	30.07	29.25	31.31	29.43	28.1	24.55
Non-Interest Income Growth (YoY)	1.41%	-6.57%	6.39%	4.73%	14.48%	26.98%
Revenues Before Loan Losses	158.03	153.46	143.9	127.85	112.76	101.62
Provision for Loan Losses	9.16	8.83	8.18	-3.87	-5.8	16.81
Revenue	148.87	144.63	135.71	131.72	118.57	84.81
Revenue Growth (YoY)	9.38%	6.57%	3.03%	11.09%	39.80%	-2.63%
Salaries and Employee Benefits	60.92	60.32	58.08	55.16	49.2	43.98
Federal Deposit Insurance	2.93	2.76	2.24	1.04	1.14	1.24
Selling, General & Administrative	27.01	26.72	23.72	20.88	18.79	17.07
Other Non-Interest Expense	3.9	3.58	4.43	2.37	2.36	4.12
Total Non-Interest Expense	94.86	93.48	88.58	79.47	71.54	66.5
EBT Excluding Unusual Items	54.01	51.15	47.14	52.24	47.03	18.31
Pretax Income	54.01	51.15	47.14	52.24	47.03	18.31
Income Tax Expense	7.44	6.91	10.11	11.39	11.28	1.33
Net Income	46.57	44.25	37.03	40.86	35.76	16.98
Preferred Dividends & Other Adjustments	1.93	1.91	1.81	1.79	1.05	0.42
Net Income to Common	44.64	42.34	35.21	39.07	34.7	16.56
Net Income Growth	26.21%	19.49%	-9.38%	14.27%	110.60%	-27.21%
Basic Shares Outstanding	8	8	8	8	8	8
Diluted Shares Outstanding	8	8	8	8	8	8
Shares Change (YoY)	0.30%	0.21%	-1.16%	-1.06%	-0.83%	-1.54%
EPS (Basic)	5.48	5.20	4.33	4.75	4.17	1.97
EPS (Diluted)	5.48	5.20	4.33	4.75	4.17	1.97
EPS Growth	26.78%	20.00%	-8.82%	13.88%	111.67%	-26.49%
Dividend Per Share	1.040	1.000	0.910	0.790	0.720	0.660
Dividend Growth	11.53%	9.89%	15.19%	9.72%	9.09%	10.00%
Effective Tax Rate	13.78%	13.50%	21.45%	21.79%	23.97%	7.25%

Updated Apr 24, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q