First Business Financial Services, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:05 pm EDT
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First Business Financial Services, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 27.75 million compared to USD 23.66 million a year ago. Net income was USD 8.34 million compared to USD 11.2 million a year ago. Basic earnings per share from continuing operations was USD 0.98 compared to USD 1.29 a year ago. Diluted earnings per share from continuing operations was USD 0.98 compared to USD 1.29 a year ago.
For the six months, net interest income was USD 54.45 million compared to USD 45.09 million a year ago. Net income was USD 17.32 million compared to USD 19.88 million a year ago. Basic earnings per share from continuing operations was USD 2.02 compared to USD 2.31 a year ago. Diluted earnings per share from continuing operations was USD 2.02 compared to USD 2.31 a year ago.
First Business Financial Services, Inc. is a bank holding company. The Company 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. 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 (SBA) 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.