• Reported GAAP EPS of $1.58 down -7.60% YoY • Reported revenue of $42.22M up 2.60% YoY • First Business Financial Services expects to report an effective tax rate between 16% and 18% for 2026 and maintains a long-term target for net interest margin in the range of 3.60% - 3.65%.
Bullish
First Business Financial Services achieved robust core deposit and loan growth, improved its efficiency ratio to 56.61%, and delivered strong tangible book value growth and a 17% dividend increase.
Bearish
First Business Financial Services experienced decreased net income and net interest margin, alongside a significant increase in non-performing assets driven by specific CRE loans, and a decline in non-interest income.