First Business Financial ( (FBIZ) ) just unveiled an update.
First Business Bank reported a robust third quarter in 2024, achieving a net income of $10.3 million, driven by consistent loan and deposit growth and a stable net interest margin of 3.64%. The bank’s strategy of strong balance sheet management and revenue diversification supported a 12.5% increase in tangible book value from the previous year. With record growth in private wealth management and positive operating leverage, First Business Bank continues to enhance shareholder value in a competitive financial landscape.
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