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Home » First Business Financial Services First Quarter 2024 Revenues: Below Expectations
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First Business Financial Services First Quarter 2024 Revenues: Below Expectations

i2wtcBy i2wtcApril 27, 2024No Comments2 Mins Read
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First Business Financial Services (NASDAQ:FBIZ) First Quarter 2024 Results

Main financial results

  • Revenue: USD 33.9 million (up 1.2% from Q1 2023).

  • Net profit: USD 8.63 million (up 1.3% from Q1 2023).

  • Profit margin: 25% (same as Q1 2023).

  • EPS: USD 1.06 (up from USD 1.05 in Q1 2023).

Profit and revenue growthProfit and revenue growth

Profit and revenue growth

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.

Have feedback on this article? Curious about its content? contact Please contact us directly. Alternatively, email our editorial team at Simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary using only unbiased methodologies, based on historical data and analyst forecasts, and articles are not intended to be financial advice. This is not a recommendation to buy or sell any stock, and does not take into account your objectives or financial situation. We aim to provide long-term, focused analysis based on fundamental data. Note that our analysis may not factor in the latest announcements or qualitative material from price-sensitive companies. Simply Wall St has no position in any stocks mentioned.



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