First Business Financial Services (FBIZ) reported growth in net income and earnings per share for the first quarter ended March 2026 [1].
This performance indicates a strengthening of the company's financial position during a period of economic volatility, highlighting the growth of its specialized financial services segments.
Based in Madison, Wisconsin, the company reported first-quarter earnings of $12.2 million [5]. Revenue for the period reached $44.29 million, which represents a year-over-year increase of 8.5% [4].
According to the company's earnings transcript, the Private Wealth business generated record revenue of $3.9 million [2]. This figure represents an 11% increase and accounts for more than 40% of total quarterly fee income [2].
FBIZ delivered earnings and revenue surprises of +1.70% and +2.44%, respectively [3]. Net income and earnings per share grew by more than 9% over the first quarter of the previous year [1].
Regarding the earnings per share, the company reported an EPS of $1.44, compared to $1 for the same period last year [4].
"The Private Wealth business generated record revenue of $3.9 million, representing an 11% increase and over 40% of total quarterly fee income," the company said [2].
“First Business Financial Services (FBIZ) reported growth in net income and earnings per share.”
The growth in revenue and revenue surprises suggests that First Business Financial Services is outperforming market expectations. The record revenue in the Private Wealth segment specifically points to a diversified revenue stream, which reduces the company's reliance on traditional banking services and shifts toward fee-based income, which is generally more stable than interest-based income.
