First Business Financial Q1 net income rises on loan and deposit growth

First Business Financial Services, Inc.

First Business Financial Services, Inc.

FBIZ

0.00


Overview

  • US commercial banking firm's Q1 net income and revenue rose yr/yr on loan and deposit growth

  • Tangible book value per share grew 13.6% yr/yr, reflecting strong earnings


Outlook

  • Company maintains full-year 2026 target of 10% loan growth and above-average shareholder returns

  • Company expects full-year 2026 net interest margin in the 3.60%-3.65% range

  • Company projects 2026 effective tax rate between 16% and 18%


Result Drivers

  • LOAN AND DEPOSIT GROWTH - Co said double-digit increases in loans and core deposits drove Q1 results, with C&I lending portfolios accounting for two-thirds of late-quarter loan growth

  • NON-INTEREST INCOME - Co said growth in non-interest income, including higher service charges on deposits and gains from SBA loan sales, reinforced revenue diversification

  • NON-PERFORMING LOANS - Co said progress in resolving non-performing CRE credits contributed to an 8% decline in non-accrual loans in Q1


Company press release: ID:nBw5vDYGva


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Operating Revenue

$44.29 mln

Q1 EPS

$1.44

Q1 Net Interest Income

$35.52 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 $68.00, about 18.7% above its April 22 closing price of $57.27

  • The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 9 three months ago


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 page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.