MADISON, Wisconsin, October 01, 2021– (COMMERCIAL THREAD) – First Business Financial Services, Inc., (Nasdaq: FBIZ), parent company of First Business Bank, today announced that it has been selected by Piper Sandler for inclusion in its Sm-All Stars class of 2021.
The annual review, which ranks the performance of banks with a market capitalization of less than $ 2.5 billion, involves rigorous selection criteria related to growth, profitability, credit quality and capital strength. As one of 35 small-cap banks nationwide named in the 2021 Sm-All Stars class, the selection places First Business Financial Services, Inc. in the industry’s top 10% on these performance indicators. First Business Financial Services, Inc. was also selected as a Sm-All Star in 2013.
âThis is a tremendous recognition of the hard work of our team and we are delighted to be included in this prestigious group,â said Corey Chambas, CEO and President of First Business Financial Services, Inc. âThe performance of First Business Bank reflects our laser focus on serving the unique needs of entrepreneurs, business executives and high net worth individuals through commercial banking, private wealth management and specialty lending, and credit goes to each of us. our employees who are committed to going above and beyond for our customers and shareholders. “
First Business Financial Services, Inc. was recognized by Piper Sandler for its performance on key metrics during the 12 months ended June 30, 2021, including:
62.4% earnings per share growth
4.2% loan growth (equivalent to 16.5% excluding Paycheck Protection Program loans)
Deposits growth of 26.3%
Return on average equity of 13.61%
Non-performing assets / loans and other real estate held ratio of 0.54%
Ratio of net expenses to average loans of 0.32%
Ratio of tangible capital to tangible fixed assets of 7.4%
About First Business Financial Services, Inc.
First Business Financial Services, Inc., (Nasdaq: FBIZ) is the parent company of First Business Bank. First Business Bank specializes in corporate banking services, including commercial banking and specialist finance, private wealth management and banking advisory services, and through its refined focus, offers expertise, accessibility and unparalleled responsiveness. Specialty finance solutions are provided by First Business Bank’s wholly owned subsidiary, First Business Specialty Finance, LLC. For more information, visit firstbusiness.bank.
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