First Business Financial Services, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 26, 2023 at 04:17 pm EDT
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First Business Financial Services, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 28.6 million compared to USD 25.88 million a year ago. Net income was USD 9.94 million compared to USD 10.83 million a year ago. Basic earnings per share from continuing operations was USD 1.17 compared to USD 1.25 a year ago. Diluted earnings per share from continuing operations was USD 1.17 compared to USD 1.25 a year ago.
For the nine months, net interest income was USD 83.05 million compared to USD 70.97 million a year ago. Net income was USD 27.26 million compared to USD 30.7 million a year ago. Basic earnings per share from continuing operations was USD 3.19 compared to USD 3.57 a year ago. Diluted earnings per share from continuing operations was USD 3.19 compared to USD 3.57 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.