FIRST BUSINESS FINANCIAL SERVICES, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Noninterest income:
Additional Financial Items
Bank Owned Life Insurance Income $974k $1.2m $1.2m $1.2m $1.4m $1.4m $2.2m $1.5m $1.6m $2.8m
Goodwill, Impairment Loss $0
Income (Loss) from Equity Method Investments $790k $354k $459k
Interest Income, Debt Securities, Operating $8.2m $11.9m $15.4m
Operating Lease, Lease Income $9k $113k $170k
Preferred Stock Dividends and Other Adjustments $0 $683k
Preferred Stock Dividends, Income Statement Impact $875k $875k $875k
Undistributed Earnings (Loss) Allocated to Participating Securities, Basic $219k $162k $240k $502k $423k $1.1m $1.1m $938k $1.0m $953k
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest $47.1m $51.1m $60.5m
Net Income (Loss) Attributable to Parent $14.9m $11.9m $16.3m $23.3m $17.0m $35.8m $40.9m $37.0m $44.2m $50.3m
Net Income (Loss) Available to Common Stockholders, Basic $14.7m $11.7m $16.1m $22.8m $16.6m $35.8m $40.2m $36.2m $43.4m $49.4m
Earnings Per Share, Basic $1.71 $1.36 $1.86 $2.68 $1.97 $4.17 $4.75 $4.33 $5.20 $5.94
Earnings Per Share, Diluted $1.71 $1.36 $1.86 $2.68 $1.97 $4.17 $4.75 $4.33 $5.20 $5.94
Common Stock, Dividends, Per Share, Declared $0.48 $0.52 $0.56 $0.60 $0.66 $0.72 $0.79 $0.91 $1.00 $1.16
Weighted Average Number of Shares Outstanding, Basic 8.6m 8.6m 8.6m 8.5m 8.4m 8.3m 8.2m 8.1m 8.1m 8.2m
Weighted Average Number of Shares Outstanding, Diluted 8.6m 8.6m 8.6m 8.5m 8.4m 8.3m 8.2m 8.1m 8.1m 8.2m
Noninterest expense:
Labor and Related Expense $31.5m $31.7m $37.4m $42.0m $45.9m $51.7m $57.7m $61.1m $63.1m $67.9m
Equipment Expense $1.2m $1.2m $1.4m $1.2m $1.2m $990k $1.1m $1.3m $1.3m $1.4m
Marketing and Advertising Expense $2.3m $2.1m $2.1m $2.2m $1.6m $2.0m $2.4m $2.9m $3.5m $3.8m
Current Income Tax Expense (Benefit) $3.3m $579k $1.8m $3.5m $3.3m $10.1m $12.2m $8.0m $10.4m $11.7m
General and Administrative Expense $1.5m $1.9m $1.9m
Interest Expense $14.8m $15.2m $23.9m $32.2m $17.1m $11.3m $22.9m
Operating Lease, Expense $1.6m $1.5m $1.5m $1.5m
Other Expenses $104k $12k $23k
Income Tax Expense (Benefit) $2.2m $2.3m $1.4m $1.2m $1.3m $11.3m $11.4m $10.1m $6.9m $10.1m
Total interest expense $82.3m $108.9m $110.6m
Interest Income (Expense), Net $63.3m $60.6m $67.3m $69.9m $77.1m $84.7m $98.4m $112.6m $124.2m $136.7m