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

Reuters
Nov 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.

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