First Business Financial Services Inc (FBIZ) Stock Price & Chart | Trade Now

First Business Company profile

About First Business Financial Services Inc

First Business Financial Services, Inc. (FBFS) is a bank holding company. The Company engages in the commercial banking business through its bank subsidiaries, which include First Business Bank (the Bank). Its operations are conducted through First Business Bank, First Business Specialty Finance, LLC (FBSF) and First Business Equipment Finance, LLC (FBEF). The Bank operates as a business bank, which is focused on delivering a line of commercial banking products, including commercial loans and commercial real estate loans, and services to meet the needs of small- and medium-sized businesses, business owners, executives, professionals and high net worth individuals. Its business lines include commercial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, Small Business Administration (SBA) lending and servicing, treasury management services and company retirement plans.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Business Financial Services Inc interest income increased 2% to $96M. Net interest income after loan loss provision increased 50% to $90.5M. Net income applicable to common stockholders increased from $16.6M to $34.7M. Net interest income after loan loss provision reflects Net Interest Margin, Total - % increase of 1% to 3.44%, Net Interest Spread, Total - % increase of 3% to 3.27%.