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First Business Financial Q3 revenue rises on core deposit growth

By Reuters News


Overview

  • US business bank's Q3 operating revenue and EPS rose yr/yr


Outlook

  • Company expects expenses to rise as it invests in talent, marketing, and technology

  • First Business Bank anticipates net interest margin to moderate from Q3 but remain above long-term target

  • Company expects full-year 2026 effective tax rate between 13% and 15%


Result Drivers

  • CORE DEPOSIT GROWTH - Co said 14.9% yr/yr growth in core deposits outpaced loan growth and improved funding mix

  • LOAN EXPANSION - Co said loans grew 10.2% yr/yr, driven by CRE and C&I lending across multiple markets

  • NET INTEREST MARGIN - Co said net interest margin rose to 3.80% from 3.68% yr/yr, helped by loan yields and deposit mix


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Operating Revenue

$47.51 mln

Q3 EPS

$1.95

Q3 Net Interest Income

$39.08 mln


Reuters Recommended Reads

  • Oct 29 - First Mid Bancshares Q3 profit tops estimates on deposit growth

  • Oct 27 - UMB Financial Q3 profit rises on record loans

  • Oct 27 - First Community Bankshares Q3 net income rises 26%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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