First Business Financial Services, Inc. income statement
In fiscal 2025, First Business Financial Services, Inc. reported revenue of $169m, up 9.9% on the year before and net income of $50.3m, or $5.94 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 39 | 43 | 47 | 51 | 56 | 76 | 81 | 77 | 86 | 93 | 104 | 113 | 128 | 144 | 153 | 169 | 181 |
| General and administrative | — | — | 1 | 1 | 1 | 2 | 2 | 2 | 2 | — | — | — | — | — | — | — | — |
| Interest expense | 25 | 21 | 17 | 12 | 12 | 14 | 15 | 15 | 24 | 32 | 17 | 11 | 23 | 82 | — | — | — |
| Net interest income | 32 | 35 | 38 | 42 | 46 | 59 | 63 | 61 | 67 | 70 | 77 | 85 | 98 | 113 | 124 | 137 | 148 |
| Non-interest income | 7 | 7 | 9 | 8 | 10 | 17 | 18 | 17 | 18 | 23 | 27 | 28 | 29 | 31 | 29 | 32 | 33 |
| Non-interest expense | 28 | 26 | 29 | 30 | 34 | 47 | 56 | 57 | 62 | 67 | 69 | 72 | 79 | 89 | 93 | 100 | 105 |
| Provision for credit losses | 7 | 4 | 4 | −1 | 1 | 3 | 8 | 6 | 5 | 2 | 17 | −6 | −4 | 8 | 9 | 9 | 9 |
| Income before tax | 3 | 12 | 14 | 21 | 21 | 25 | 17 | 14 | 18 | 24 | 18 | 47 | 52 | 47 | 51 | 60 | 67 |
| Income tax | 2 | 3 | 5 | 7 | 7 | 8 | 2 | 2 | 1 | 1 | 1 | 11 | 11 | 10 | 7 | 10 | 9 |
| Net income | 1 | 8 | 9 | 14 | 14 | 17 | 15 | 12 | 16 | 23 | 17 | 36 | 41 | 37 | 44 | 50 | 58 |
| Diluted EPS | $0.12 | $1.08 | $0.55 | $1.74 | $1.75 | $1.90 | $1.71 | $1.36 | $1.86 | $2.68 | $1.97 | $4.17 | $4.75 | $4.33 | $5.20 | $5.94 | $7.03 |
| Diluted shares (average) | — | 8m | 8m | 8m | 8m | 9m | 9m | 9m | 9m | 9m | 8m | 8m | 8m | 8m | 8m | 8m | 8m |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 41 | 41 | 41 | 45 | 42 | 44 | 47 | 48 |
| Net interest income | 33 | 33 | 34 | 35 | 35 | 36 | 38 | 39 |
| Non-interest income | 8 | 8 | 7 | 10 | 7 | 9 | 9 | 8 |
| Non-interest expense | 23 | 25 | 25 | 26 | 24 | 27 | 28 | 26 |
| Provision for credit losses | 3 | 3 | 3 | 1 | 2 | 3 | 2 | 2 |
| Income before tax | 15 | 13 | 13 | 17 | 16 | 14 | 17 | 19 |
| Income tax | 1 | 2 | 2 | 3 | 3 | 2 | 1 | 3 |
| Net income | 14 | 11 | 11 | 14 | 13 | 12 | 16 | 17 |
| Diluted EPS | $1.71 | $1.32 | $1.35 | $1.70 | $1.58 | $1.44 | $1.84 | $1.95 |
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