
FBIZ Stock Forecast & Price Target
FBIZ Analyst Ratings
Bulls say
First Business Financial Services Inc. demonstrated robust loan growth, achieving an 8% increase in end-of-period loans and a 7% rise in average balances, in line with expectations, which underscores the bank's strong position in commercial lending. Additionally, the company's net interest income (NII) increased by 3% quarter-over-quarter, exceeding expectations, while its reported net interest margin (NIM) showed a modest improvement, indicating effective management of interest-earning assets. Furthermore, the growth in assets under management (AUM) by 2%, paired with an increase in tangible book value (TBV) by 3%, reflects the company’s ability to maintain stability and enhance shareholder value amidst a competitive banking landscape.
Bears say
First Business Financial Services Inc exhibited a mixed financial performance, with net interest income (NII) increasing to $33.8 million, reflecting a 2% growth quarter-over-quarter, yet the net interest margin (NIM) saw a decrease of 2 basis points to 3.67%. Additionally, core fee income declined by 4% quarter-over-quarter, which was 8% below expectations, driven largely by reduced SBA revenue and higher deposit costs impacting overall profitability. Despite a decrease in non-performing loans (NPLs), the combination of lower core fee income projections and marginally decreased loan yields signals potential concerns regarding the bank's ability to maintain revenue growth amidst rising costs.
This aggregate rating is based on analysts' research of First Business Financial Services and is not a guaranteed prediction by Public.com or investment advice.
FBIZ Analyst Forecast & Price Prediction
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