FIRST BUSINESS FINANCIAL SERVICES, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 TTM
Noninterest income:
Interest Income (Expense), Net $63.3m
$60.6m -4.29%
$67.3m +11.11%
$69.9m +3.73%
$77.1m +10.33%
$84.7m +9.85%
$98.4m +16.25%
$112.6m +14.39%
$124.2m +10.32%
$136.7m +10.05%
$253.4m +85.39%
Marketing and Advertising Expense $2.3m $2.1m $2.1m $2.2m $1.6m $2.0m $2.4m $2.9m $3.5m $3.8m
Labor and Related Expense $31.5m $31.7m $37.4m $42.0m $45.9m $51.7m $57.7m $61.1m $63.1m $67.9m
General and Administrative Expense $1.5m $1.9m $1.9m $74.9m
Operating Lease, Expense $1.6m $1.5m $1.5m $1.5m
Operating Lease, Lease Income $9k $113k $170k
Noninterest expense:
Interest Expense $14.8m $15.2m $23.9m $32.2m $17.1m $11.3m $22.9m $110.1m
Total interest expense $82.3m $108.9m $110.6m
Interest Income, Debt Securities, Operating $8.2m $11.9m $15.4m $253.4m
Income (Loss) from Equity Method Investments $790k $354k $459k
Other Expenses $104k $12k $23k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $47.1m $51.1m $60.5m $64.8m
Current Income Tax Expense (Benefit) $3.3m $579k $1.8m $3.5m $3.3m $10.1m $12.2m $8.0m $10.4m $11.7m $9.3m
Income Tax Expense (Benefit) $2.2m $2.3m $1.4m $1.2m $1.3m $11.3m $11.4m $10.1m $6.9m $10.1m $9.3m
Net Income (Loss) Attributable to Parent $14.9m
$11.9m -20.15%
$16.3m +36.94%
$23.3m +43.07%
$17.0m -27.21%
$35.8m +110.60%
$40.9m +14.27%
$37.0m -9.38%
$44.2m +19.49%
$50.3m +13.73%
$53.7m +6.68%
Net Income (Loss) Available to Common Stockholders, Basic $14.7m
$11.7m -20.06%
$16.1m +36.79%
$22.8m +42.08%
$16.6m -27.46%
$35.8m +115.98%
$40.2m +12.36%
$36.2m -10.01%
$43.4m +19.97%
$49.4m +14.01%
$53.7m +8.56%
Preferred Stock Dividends and Other Adjustments $0 $683k $875k
Preferred Stock Dividends, Income Statement Impact $875k $875k $875k $875k
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $219k $162k $240k $502k $423k $1.1m $1.1m $938k $1.0m $953k
Earnings Per Share, Basic $1.71 $1.36 $1.86 $2.68 $1.97 $4.17 $4.75 $4.33 $5.20 $5.94 $6.56
Earnings Per Share, Diluted $1.71 $1.36 $1.86 $2.68 $1.97 $4.17 $4.75 $4.33 $5.20 $5.94 $6.56
Common Stock, Dividends, Per Share, Declared $0.48 $0.52 $0.56 $0.60 $0.66 $0.72 $0.79 $0.91 $1.00 $1.16
Weighted Average Number of Shares Outstanding, Basic 8.6m 8.6m 8.6m 8.5m 8.4m 8.3m 8.2m 8.1m 8.1m 8.2m 8.2m
Weighted Average Number of Shares Outstanding, Diluted 8.6m 8.6m 8.6m 8.5m 8.4m 8.3m 8.2m 8.1m 8.1m 8.2m 8.2m
Additional Financial Items
Bank Owned Life Insurance Income $974k $1.2m $1.2m $1.2m $1.4m $1.4m $2.2m $1.5m $1.6m $2.8m
Equipment Expense $1.2m $1.2m $1.4m $1.2m $1.2m $990k $1.1m $1.3m $1.3m $1.4m
Goodwill, Impairment Loss $0