First Business Reports Increased First Quarter Profit
02 Mai 2011 - 11:19PM
First Business Financial Services, Inc. (Nasdaq:FBIZ) filed its
Quarterly Report on Form 10-Q on Friday, April 29, 2011 reporting
net income of $1.3 million for the first quarter ending March 31,
2011 as compared to net income of $899,000 reported in the first
quarter of 2010. The $450,000 improvement in net income, or 50.1%,
is primarily due to an increase in net interest income which is the
result of an increase in earning assets combined with an improved
net interest margin. Diluted earnings per common share for the
quarter was $0.52 versus $0.35 for the comparable period of 2010,
an increase of $0.17 or 48.6%.
Corey A. Chambas, President and Chief Executive Officer,
commented, "First Business is off to a good start in 2011. We are
fortunate to have a unique business model and to be in geographic
markets that have relatively stable economies. First Business is
proud to be among the publicly traded banks that remained
profitable in each of the past three years and our first quarter
results are a continuation of that performance."
A complete copy of the Corporation's Quarterly Report on Form
10-Q for the period ending March 31, 2011 and all reports filed by
the Corporation with the SEC may be accessed through the
Corporation's website, www.firstbusiness.com.
About First Business Financial Services,
Inc.
First Business Financial Services (Nasdaq:FBIZ) is a $1.1
billion Wisconsin-based bank holding company that specializes in
focused financial solutions for businesses, key executives, and
high net worth individuals through its operating companies. It is
the 3rd largest Wisconsin-based commercial bank holding company
listed on NASDAQ or NYSE. Its companies include: First Business
Bank - Madison; First Business Bank - Milwaukee; First Business
Bank - Northeast; First Business Trust & Investments; First
Business Equipment Finance, LLC; and First Business Capital Corp.
For additional information, visit www.firstbusiness.com or call
(608) 238-8008.
The First Business Financial Services, Inc. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=2667
This press release includes "forward-looking" statements related
to First Business Financial Services, Inc. (the "Company") that can
generally be identified as describing the Company's future plans,
objectives or goals. Such forward-looking statements are subject to
risks and uncertainties that could cause actual results or outcomes
to differ materially from those currently anticipated. These
forward-looking statements are made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
For further information about the factors that could affect the
Company's future results, please see the Company's filings with the
Securities and Exchange Commission.
CONTACT: Jim Ropella
Senior Vice President and CFO
608-232-5970
jropella@firstbusiness.com
First Business Financial... (NASDAQ:FBIZ)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
First Business Financial... (NASDAQ:FBIZ)
Historical Stock Chart
Von Jul 2023 bis Jul 2024