First Business Financial Services, Inc. · NASDAQ:FBIZ
First Business Financial Services — Q1 2025 Earnings Presentation
11 slides from First Business Financial Services's earnings presentation, Jul 24, 2025
Slide 1: Earnings Release Supplement First Quarter 2025
Earnings Release Supplement First Quarter 2025
Slide 2: Forward-looking statements
When used in this presentation, and in any other oral statements made with the approval of an authorized executive officer, the words or phrases “may,” “could,” “should,” “hope,” “might,” “believe,” “expect,” “plan,” “assume,” “intend,” “estimate,” “anticipate,” “project,” “likely,” or similar expre
Slide 3: Highlights Q1 2025
Highlights Q1 2025 14% Growth in Tangible Book Value Robust loan and deposit growth and stable asset quality drove 9% annualized growth in TBV compared to the linked quarter and 14% compared to the prior year quarter Private Wealth $3.4 B in AUM&A Private Wealth Management assets under management an
Slide 4: Relationship Banking Key to Success
Relationship Banking Key to Success Deposit‐centric sales strategy led by treasury management sales teams located in all bank markets with direct production and outside calling goals Bankers trained and incented to fund their loan production with deposit growth goals Higher-yielding C&I lending lead
Slide 5: Net Interest Margin Components
Net Interest Margin Components FILOI defined as fees in lieu of interest which includes prepayment fees, asset-based loan fees, non-accrual interest, late fees, and loan fee amortization Wholesale funding defined as brokered CDs and non‐reciprocal interest‐bearing transaction accounts plus FHLB adva
Slide 6: Disciplined Interest Rate Risk Management
Disciplined Interest Rate Risk Management FLOATING RATE PORTFOLIO Floating portfolio is predominantly indexed to SOFR, which aligns with the Bank’s SOFR‐indexed and managed rate non‐maturity deposit portfolio. 56% as of 3/31/25 As of 3/31/25: METHODICAL APPROACH Generally individually match‐fund loa
Slide 7: Operating Revenue Highlights
Operating Revenue Highlights Continued strong revenue supported by: Robust loan and deposit growth Strong and stable net interest margin Diverse sources of non‐interest income, including service fees from our Private Wealth Management business, which comprises 46% of total non‐interest income Strate
Slide 8: Solid Asset Quality
Solid Asset Quality NON-PERFORMING ASSETS/TOTAL ASSETS REMAIN WELL MANAGED 1. For more detailed definitions of credit quality categories, see the Company’s Annual Report on Form 10-K filed with the SEC on February 26, 2025. As of 3/31/25, 94% of the loan portfolio was classified in category I(1) and
Slide 9: Robust Liquidity with Stable Deposit Base
Robust Liquidity with Stable Deposit Base Stable Core Deposit Base As of 3/31/25 Substantial Liquidity Source 3/31/2025 3/31/2024 Short-term investments $136,033 $46,984 Collateral value of unencumbered pledged loans 501,268 340,639 Market value of unencumbered securities 324,365 288,965 Readily acc
Slide 10: Robust Capital Base
Robust Capital Base Strong Capital Ratios (%) +9% LQ +14% YOY STRONG EARNINGS GENERATE CAPITAL FOR GROWTH 1. “Tangible Book Value Per Share" is a non‐GAAP measurement. Refer to the non-GAAP reconciliation schedule section of the Company’s Q1 earnings release.
Slide 11: Strategic Plan 2024-2028 Goals & Progress
Deliver above-average total shareholder return compared to peer median 1Q’25 metrics reflect growth compared to 1Q’24 ROATCE and TBV Growth includes the impact of a $1.7 million benefit from a partial release of a state deferred tax valuation allowance recognized in Q4 2024. Revenue growth muted in
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