First Business Financial reports Q3 EPS $1.24, consensus $1.19

Reports Q3 revenue $38.07M, consensus $38.77M. “First Business Bank again produced strong deposit and loan growth in a highly competitive environment,” said Corey Chambas, Chief Executive Officer. “Our ability to consistently deliver quality growth was supported by our team’s outstanding balance sheet management, resulting in a strong and stable net interest margin that remained within our target range of 3.60%-3.65%. We continue to execute our organic growth strategy with the intention of delivering double-digit loan, deposit, and revenue growth over the long term. We also continue to deliver on our commitment to achieving positive operating leverage, aided by prudent expense management, strong net interest income momentum, and revenue diversification. These successes have contributed to exceptional growth in shareholder value, with tangible book value expanding 12.5% from the prior year.”