First Business Financial Services (NASDAQ:FBIZ) First Quarter 2024 Results
Main financial results
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Revenue: USD 33.9 million (up 1.2% from Q1 2023).
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Net profit: USD 8.63 million (up 1.3% from Q1 2023).
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Profit margin: 25% (same as Q1 2023).
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EPS: USD 1.06 (up from USD 1.05 in Q1 2023).
All numbers shown in the chart above are for the trailing 12 month (TTM) period.
Sales and profits of our first business, financial services, fell short of expectations.
Sales were 3.5% lower than analysts expected. Earnings per share (EPS) also fell 6.8% below analyst expectations.
Looking ahead, revenues are expected to increase by an average of 11% over the next two years, compared to a growth forecast of 6.0% for the U.S. banking industry.
performance of American banking industry.
The company's stock price is almost unchanged from a week ago.
balance sheet analysis
While revenue is important, another area to consider is the balance sheet.look Our latest analysis of First Business Financial Services' balance sheet strength.
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