First Business Financial Services, Inc. (FBIZ) Earnings Call Transcripts

First Business Financial Services, Inc.'s Latest Earnings Call - Q1 FY2026

First Business Financial Services, Inc. reported a strong Q1 2026, with net income and EPS growing over 9% year-over-year. Revenue growth was driven by a 16% increase in fee income, notably from the private wealth business, which achieved record revenues. The company exceeded expectations with a 15% loan growth, surpassing their annual target. Management maintained their guidance for 10% annual growth in loans and deposits, despite anticipating a lighter Q2. Tangible book value per share grew 14% year-over-year, reflecting disciplined capital deployment.

Reported metrics

Guidance from management

Management maintained guidance for 10% annual growth in loans and deposits, despite anticipating a lighter Q2 due to known payoffs. They expect net interest margin to remain within the 3.60% to 3.65% range for the year.

What management said

Yes, that's a fair statement. I would say we always want to have the first quarter accrual mechanics issue, right? But for us, specifically for this quarter, to me, it was more of a timing difference on when our funding came in versus when we deployed that funding in the quarter. That to me is more of the driver on why the NIM was reported outside of our range. If we would have had the loan growth aligned with that ...

We don't have that, and it would be influenced by the late growth. That's kind of the point behind the late growth commentary is that the reported Q1 margin of 3.59% being impacted -- sorry, by 3.56% being impacted by that. So it's going to be pushing us back into our range based on that March activity.

What analysts pressed on

Analysts expressed concerns about the sustainability of loan growth given the lighter pipeline and known payoffs in Q2. There were also questions about the impact of geopolitical uncertainties on credit quality and provisioning.

Main topics on the call

• Loan Growth — Loans grew by $126 million or 15% in Q1, exceeding the company's annual target of 10%. This growth was driven by markets in Madison, Milwaukee, and Kansas City, as well as asset-based lending. Management expects Q2 growt...
• Fee Income — Fee income increased by 16% year-over-year, with private wealth producing record revenue of $3.9 million, up 11%. Service charges rose 26% year-over-year, highlighting success in expanding business banking relationships.
• Net Interest Margin — Net interest margin increased by 3 basis points to 3.56%, with expectations to operate within the 3.60% to 3.65% range for the year. The margin was impacted by late-quarter loan growth.
• Asset Quality — Progress was made on resolving a $20.4 million nonperforming asset, with $3.4 million of loans sold at par. The remainder is expected to resolve in the second half of 2026.

Read the full First Business Financial Services, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 14 First Business Financial Services, Inc. earnings call transcripts on record, spanning April 24, 2020 to July 31, 2026. Based on this history, First Business Financial Services, Inc. reports semi-annually. The most recent call on file is dated July 31, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

FBIZ

Exchange

NasdaqGS

Country

US

Sector

Financials

Industry

Banks

Calls on record

14

First call

April 24, 2020

Most recent

July 31, 2026

Reporting cadence

semi-annually