First Business Bank Q2 EPS Rises on Loan, Deposit Growth; Reiterates 10% Growth Target
FBIZ sits 47% above its 52-week low of $45.9.
Summary
First Business Bank reported Q2 EPS of $1.84 on operating revenue of $46.71M, driven by strong loan and deposit growth. Net interest income reached $38.14M, supported by higher prepayment and asset-based loan fees. The company maintained its 2026 net interest margin target of 3.60%-3.65% and reiterated its annual goal of 10% growth in loans, core deposits, revenue, and earnings. Management also exited out-of-market SBA 7(a) lending to focus on higher-return areas. The stock trades near its 52-week high, and the results reinforce the positive trajectory following the recent board appointment of a risk management expert.
At the time of this announcement, FBIZ was trading at $67.26 on NASDAQ in the Finance sector, with a market capitalization of approximately $562.4M. The 52-week trading range was $45.90 to $69.83. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Reuters.