First Business Financial Services, Inc. has recently released its 10-Q report, providing a comprehensive overview of its financial performance for the three and six months ended June 30, 2025. The company operates as a bank holding company for First Business Bank, offering commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri. Its services include commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, and treasury management solutions, among others.
In the 10-Q report, First Business Financial Services, Inc. reported a net income available to common shareholders of $11.2 million for the three months ended June 30, 2025, compared to $10.2 million for the same period in 2024. For the six months ended June 30, 2025, net income available to common shareholders totaled $22.2 million, compared to $18.9 million for the same period in 2024. The annualized return on average assets (ROAA) for the three months ended June 30, 2025, measured 1.14%, remaining consistent with the same period in 2024. However, the return on average tangible common equity (ROATCE) was 14.17% for the three months ended June 30, 2025, compared to 14.73% for the same period in 2024.
The company's top line revenue, comprising net interest income and non-interest income, increased by $3.1 million, or 8.1%, for the three months ended June 30, 2025, compared to the same period in 2024. This was primarily due to a 10.6% increase in net interest income, partially offset by a 2.3% decrease in non-interest income. For the six months ended June 30, 2025, top line revenue increased by $7.6 million, or 10.3%, driven by an 11.6% increase in net interest income and a 4.6% increase in non-interest income.
The efficiency ratio, a measure of operating expenses relative to operating revenue, improved to 61.0% for the three months ended June 30, 2025, compared to 62.7% for the same period in 2024. Pre-tax, pre-provision (PTPP) adjusted earnings for the three months ended June 30, 2025, increased to $16.0 million, compared to $14.1 million for the same period in 2024.
As a result of these announcements, the company's shares have moved -5.67% on the market, and are now trading at a price of $48.59. For more information, read the company's full 10-Q submission here.
