
FBIZ Stock Forecast & Price Target
FBIZ Analyst Ratings
Bulls say
First Business Financial Services Inc. demonstrated a solid financial performance with a significant 8% growth in end-of-period (EOP) loans, aligning with expectations, while average balances also increased by 7%. Furthermore, the company's net interest income (NII) reached $34.9 million, exceeding expectations by 1%-2%, underpinned by a 12% increase in average earning assets, and the core net interest margin (NIM) rose to 3.47%. Additionally, the company's tangible book value (TBV) improved by 3% and tangible common equity (TCE) rose by 11 basis points, indicating a strong capital position and financial stability.
Bears say
First Business Financial Services Inc. reported a net interest income (NII) of $33.8 million, reflecting a modest growth of 2% quarter-over-quarter, but this came alongside a decline in the net interest margin (NIM) which fell 2 basis points to 3.67%. Core fee income experienced a more concerning decline, decreasing by 4% quarter-over-quarter and falling 8% below expectations, driven by reduced SBA revenue and higher deposit costs. Additionally, while non-performing loans (NPLs) decreased, the overall outlook on core fee income remains slightly weaker following the second quarter, suggesting underlying pressures that could negatively impact profitability moving forward.
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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