First Business Bank Net Interest Income Rises 6.8% to $35.5 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 23 2026
0mins
Should l Buy FBIZ?
Net interest income increased $2.3 million, or 6.8%, to $35.5 million vs last year. "Our strong first quarter performance underscores the effectiveness of First Business Bank's strategy," said Corey Chambas, Chief Executive Officer. "We delivered broad-based growth, with loans and core deposits increasing 15% and 18%, respectively, exhibiting our team's success in driving exceptional levels of new client acquisition. Our higher-yielding C&I lending portfolios accounted for two-thirds of the late-quarter loan growth and should provide meaningful support to net interest margin going forward. Growth in non-interest income further reinforced the benefits of our diversified revenue model. Additionally, we made progress toward resolving our largest non-performing CRE credit, contributing to an 8% decline in non-accrual loans during the quarter. Our momentum in the first quarter positions us to achieve our full-year target of 10% growth and above-average shareholder returns while maintaining disciplined risk management."
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Analyst Views on FBIZ
Wall Street analysts forecast FBIZ stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 56.720
Low
61.00
Averages
61.00
High
61.00
Current: 56.720
Low
61.00
Averages
61.00
High
61.00
About FBIZ
First Business Financial Services, Inc. is a bank holding company. It is engaged in the commercial banking business through its bank subsidiary, First Business Bank (the Bank). The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. Its products and services are focused on business banking, private wealth, and bank consulting. Within business banking, it offers commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, small business administration lending and servicing, treasury management solutions and company retirement services. Its private wealth management services include trust and estate administration, financial planning, investment management and private banking.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Dividend Yield: The forward yield of 2.37% provides shareholders with a steady return, enhancing the company's appeal within the financial services sector.
- Dividend Payment Schedule: The dividend is payable on May 20, with a record date of May 6 and an ex-dividend date also on May 6, ensuring shareholders receive their earnings promptly, reflecting the company's commitment to its investors.
- Future Growth Projections: The company projects a 10% annual growth in loans, deposits, and revenue for 2026, alongside a 17% increase in dividends, indicating a proactive strategy in expanding its business and enhancing shareholder returns.
See More
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- Significant Earnings Growth: First Business Bank reported a 14% year-over-year increase in EPS for Q4 2025, exceeding the company's long-term growth target of 10%, indicating strong profitability and sustained market competitiveness.
- Strong Private Wealth Performance: The Private Wealth division generated $3.8 million in fee income, an 11% year-over-year increase, with service charges rising nearly 20%, demonstrating the company's successful expansion in high-end client services.
- Dividend Increase: The company announced a 17% increase in its quarterly cash dividend, reflecting its robust financial position and commitment to shareholder returns, while also enhancing its attractiveness to future investors.
- Credit Quality Concerns: While management emphasized that most of the loan portfolio is performing well, a $20.4 million downgrade in commercial real estate loans due to issues with a single borrower highlights challenges in credit quality management.
See More
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- Dividend Increase: The company announced a 17% increase in its quarterly cash dividend to $0.34 per share, marking the 14th consecutive annual increase, demonstrating its commitment to shareholder returns amid strong profitability.
- Deposit and Loan Growth: Core deposits grew by $80.9 million, or 12.5% annualized, while total loans increased by $38.6 million, or 4.6% annualized, showcasing the company's competitive position and expansion of client relationships.
- Efficiency Ratio Improvement: The efficiency ratio improved to 56.61% from 57.44% in the prior quarter, indicating ongoing efforts in cost management and operational efficiency, which support future profitability growth.
See More
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- Conference Participation: First Business Bank will participate in the Janney 2026 CEO Forum on February 4-5, 2026, in Scottsdale, AZ, showcasing its leadership in the business banking sector.
- Executive Attendance: CEO Corey A. Chambas, President and COO David R. Seiler, and CFO Brian D. Spielmann will engage with institutional investors and analysts throughout the conference, enhancing investor confidence.
- Business Focus: First Business Bank specializes in business banking, specialty finance, private wealth, and bank consulting services, delivering specialized finance solutions through its subsidiary, First Business Specialty Finance, LLC, thereby strengthening its market competitiveness.
- Transparency Commitment: The company provides detailed information through its website, ensuring that investors and clients can access the latest updates, further enhancing transparency and trust in the financial services industry.
See More
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Validea's P/E/Growth Investor Model: The model, based on Peter Lynch's strategy, evaluates stocks for reasonable pricing relative to earnings growth and strong balance sheets, with ratings for various companies reflecting their underlying fundamentals and valuations.
Company Ratings Overview: Companies like Limbach Holdings, MPLX LP, and American Homes 4 Rent have seen their ratings increase, indicating growing interest based on their financial health and market performance, with American Homes 4 Rent achieving a notable score of 91%.
Diverse Industry Representation: The report highlights a range of companies across different sectors, including healthcare, real estate, and energy, showcasing the model's broad applicability in identifying investment opportunities.
Peter Lynch's Investment Philosophy: Lynch is recognized for his successful investment strategies, emphasizing simplicity and practicality in stock selection, which has influenced the methodologies used by Validea in their stock analysis and recommendations.
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