May 18, 2024
Finance

First Business Financial Services Inc. Reports Mixed Q1 Results, Misses EPS Estimates

Net Income: Reported at $8.6 million, falling short of the estimated $9.13 million. Earnings Per Share (EPS): Achieved $1.04, below the estimated $1.12. Revenue: Totalled $36.28 million, slightly below the estimated $37.58 million. Loan Growth: Loans increased by $60.6 million or 8.5% annualized, indicating robust expansion across products and geographies. Core Deposit Growth: Average core

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