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First Business Financial Services
First Business Financial Services (FBIZ) investor relations material
First Business Financial Services Q4 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q4 2025 earnings summary30 Jan, 2026
Executive summary
Achieved 14% year-over-year EPS growth in 2025, surpassing long-term goals, with double-digit annual growth in pre-tax, pre-provision earnings and a 17% increase in the quarterly dividend, marking the 14th consecutive annual raise.
Private wealth business expanded, generating record annuity-like fee income and contributing 46% of year-to-date non-interest income.
Strategic focus on relationship banking, deposit-centric growth, and niche lending businesses supported robust performance.
CEO succession plan announced: Corey Chambas to retire May 2026, David Seiler to succeed as CEO.
Financial highlights
Net interest income grew 10.1% for the full year to $136.7 million, meeting double-digit growth goals.
Core deposits grew 12.5% annualized from the previous quarter and 11.5% year-over-year, improving funding mix to 74.7%.
Loans increased 8.4% year-over-year, with full-year normalized loan growth at 11%.
Efficiency ratio improved to 56.61% for Q4 and 58.78% for the year, reflecting positive operating leverage.
Tangible book value per share rose 13.7% year-over-year to $41.75.
Outlook and guidance
Targeting double-digit annual growth in loans, deposits, and revenue for 2026, with >15% ROATCE and ≥10% annual TBV and revenue growth by 2028.
Net interest margin targeted in the 3.60%-3.65% range, with future performance dependent on interest rate changes and fee activity.
Effective tax rate expected between 16% and 18% for 2026.
Single CRE loan impact on credit risk?
What drives elevated CRE loan payoffs?
Non-interest income volatility management?
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Next First Business Financial Services earnings date
Q1 202624 Apr, 2026
First Business Financial Services
Next First Business Financial Services earnings date
Q1 202624 Apr, 2026
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Frequently asked questions
First Business Financial Services Inc. is a bank holding company that provides a range of financial services primarily for businesses, executives, and high-net-worth individuals through its subsidiary, First Business Bank. The company’s services include business banking, commercial lending, treasury management, and specialty finance products such as asset-based lending and equipment financing. Additionally, First Business Financial Services offers private wealth management and trust services to help clients achieve long-term financial goals. First Business Financial Services Inc. is headquartered in Madison, Wisconsin, and its shares are listed on the NASDAQ.
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