
FBIZ Stock Forecast & Price Target
FBIZ Analyst Ratings
Bulls say
First Business Financial Services Inc. demonstrated strong growth potential with an 8% increase in end-of-period loans quarter-over-quarter, along with average balances rising by 7%, indicating robust demand for its commercial banking products. The company's net interest income (NII) reached $34.9 million, reflecting a 3% quarter-over-quarter increase and topping expectations, while its reported net interest margin (NIM) showed a slight improvement, rising to 3.68%. Additionally, the growth in assets under management (AUM), which increased by 2% to $3.8 billion, further highlights the company's stability and effectiveness in wealth management services, underpinning a positive outlook for its financial performance.
Bears say
First Business Financial Services Inc. has experienced a decline in net interest margin (NIM), falling by 2 basis points quarter-over-quarter to 3.67%, which indicates potential challenges in maintaining profitability amidst increasing deposit costs. Core fee income has also underperformed expectations, decreasing by 4% quarter-over-quarter and primarily driven by lower SBA revenue, which is concerning given its composition of 18% of total revenue. Although non-performing loans (NPLs) have declined, the overall outlook remains cautious due to weak fee income growth projections and pressures on loan yields.
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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