First Business Bank's Q3 net income rises on loan growth

First Business Financial Services

30/10/2025 20:13

Overview

First Business Q3 net income rises to $14.2 mln, driven by loan and deposit growth

EPS for Q3 increases to $1.70 from $1.24 yr/yr

Outlook

Company did not provide specific guidance for future quarters in press release

Result Drivers

LOAN AND DEPOSIT GROWTH - Co attributes Q3 earnings increase to 10% loan growth and 9% core deposit growth

RECORD FEE INCOME - Co reports record pre-tax, pre-provision earnings driven by record fee income

ASSET QUALITY IMPROVEMENT - Co notes 18% reduction in non-performing assets contributing to improved asset quality

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Operating Revenue
$44.29 mln
Q3 EPS
$1.70
Q3 Net Interest Income
$34.88 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Business Financial Services Inc is $59.00, about 16% above its October 29 closing price of $49.58

Press Release: ID:nBw2skBhZa

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(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.)