First Business Financial Services Inc. reports 10% annualized loan growth and 9% increase in core deposits in Q3 2025

Reuters
11/11
First Business Financial Services Inc. reports 10% annualized loan growth and 9% increase in core deposits in Q3 2025

First Business Financial Services Inc. reported total assets of $4.0 billion as of September 30, 2025, and private wealth assets under management and administration of $3.8 billion. The company's market capitalization stood at $406 million as of October 29, 2025. In the third quarter of 2025, loans grew by 10.4% annualized from the previous quarter and 9.4% from the third quarter of 2024. Core deposits increased by 9.3% annualized from the previous quarter and 8.8% year-over-year, with the core deposit funding mix improving to 73.1%. The net interest margin was 3.68%, compared to 3.67% in the prior quarter and 3.64% in the previous year. Private Wealth Management assets under management and administration increased by 12% year-over-year. The five-year strategic plan targets sustainable profitability, core deposit growth, and a strong corporate culture, with goals including a return on average tangible common equity of at least 15% and tangible book value growth of at least 10% per year by 2028.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Business Financial Services Inc. published the original content used to generate this news brief on November 10, 2025, and is solely responsible for the information contained therein.

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