First Business Financial Services, Inc. has recently released its 10-Q report, providing an insight into the company's 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. Their services include commercial real estate lending, asset-based lending, treasury management solutions, and private wealth management, among others.
According to the 10-Q report, the company's net income available to common shareholders totaled $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 was $22.2 million, compared to $18.9 million for the same period in 2024. The annualized return on average assets (ROAA) for the three and six months ended June 30, 2025, measured 1.14%, compared to 1.14% and 1.06% for the same periods in 2024, respectively. 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, and 14.15% for the six months ended June 30, 2025, compared to 13.77% for the same period in 2024.
The company reported an increase in total assets to $4.003 billion at June 30, 2025, from $3.853 billion at December 31, 2024. Additionally, period-end gross loans and leases receivable increased to $3.252 billion as of June 30, 2025, from $3.114 billion as of December 31, 2024. Non-performing assets were $28.7 million and 0.72% of total assets as of June 30, 2025, compared to $28.4 million and 0.74% of total assets as of December 31, 2024.
Furthermore, the company's top line revenue, which includes net interest income and non-interest income, totaled $41.0 million for the three months ended June 30, 2025, compared to $38.0 million for the same period in 2024. For the six months ended June 30, 2025, top line revenue was $81.9 million, compared to $74.2 million for the same period in 2024.
The efficiency ratio measured 61.0% and 60.6% for the three and six months ended June 30, 2025, compared to 62.7% and 63.2% for the three and six months ended June 30, 2024. Additionally, pre-tax, pre-provision (PTPP) adjusted earnings for the three and six months ended June 30, 2025, were $16.0 million and $32.2 million, compared to $14.1 million and $27.3 million for the three and six months ended June 30, 2024.
These figures provide a detailed insight into the financial performance of First Business Financial Services, Inc. for the stated periods, showcasing its growth and profitability. The market has reacted to these announcements by moving the company's shares -5.67% to a price of $48.59. Check out the company's full 10-Q submission here.
