First Business Financial Services Reports Record Q3 2026 Earnings Driven by Balance Sheet Growth
First Business Financial Services (FBIZ) reported record quarterly performance for Q3 2026, highlighted by a net income of $16.4 million available to common shareholders. The company saw significant growth in its loan portfolio, with total loans and leases reaching $3.67 billion, driven largely by a 14.3% annualized increase in Commercial Real Estate (CRE) loans within Wisconsin markets. Core deposits also showed strong momentum, growing 14.1% annualized to reach $2.98 billion. Despite the record earnings and an improved efficiency ratio of 55.12%, management issued cautious guidance for the upcoming quarter. CFO Brian Spielmann noted that Net Interest Margin (NIM) is expected to moderate in Q4 due to normalized prepayment fees and rising funding costs. Additionally, CEO Dave Seiler highlighted a delay in resolving a significant $22.7 million non-performing relationship in Southeast Wisconsin, with foreclosure processes now extending into early 2027.
Tickers: $FBIZ
Topics: commercial real estate earnings report loan growth net income net interest margin