Tiger Brokers

First Business Financial Services Inc. reports Q3 net income of $14.2 million

Reuters
Oct 31
First Business Financial Services Inc. reports Q3 net income of $14.2 million

First Business Financial Services Inc. reported net income available to common shareholders of $14.2 million, or $1.70 per share, for the third quarter of 2025. This compares to $11.2 million, or $1.35 per share, in the second quarter of 2025, and $10.3 million, or $1.24 per share, in the third quarter of 2024. The company recorded $44.3 million in revenue for the third quarter of 2025, up from $41.0 million in the previous quarter and $38.1 million in the third quarter of 2024. Non-interest income increased to $9.6 million, a rise of $2.4 million or 32.9% compared to the prior quarter, largely due to higher returns on investments in Small Business Investment Company funds and nonrecurring fee income from accounts receivable financing. Operating expenses totaled $25.4 million, up from $25.0 million in the previous quarter and $22.6 million in the same quarter last year. The provision for credit losses was $1.4 million, down from $2.7 million in the second quarter of 2025. The company reported a 10% increase in loan growth and 9% growth in core deposits for the quarter. Pre-tax, pre-provision adjusted earnings reached $18.9 million, compared to $16.0 million in the previous quarter and $15.4 million in the third quarter of 2024. Asset quality improved, with an 18% reduction in unspecified metrics.

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 via Business Wire (Ref. ID: 20251030217647) on October 30, 2025, and is solely responsible for the information contained therein.

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