First Business Reports Record 2015 Net Income 16.5 Million
MADISON, WI, – Jan. 28, 2016 (GLOBE NEWSWIRE) – First Business Financial Services, Inc. (the “Company” or “First Business”) (NASDAQ: FBIZ), the parent company of First Business Bank, First Business Bank – Milwaukee and Alterra Bank (“Alterra”), today reported solid fourth quarter and year-to-date 2015 earnings, driven by the Company’s strong loan and deposit growth, as well as enhanced performance and efficiency from strategic investments in talent and technology.
The results underscore the value and considerable potential of the November 2014 acquisition of Alterra as the entire Company benefited from enhanced execution of Alterra’s relationship-based SBA strategy across First Business’s footprint as a catalyst for client acquisition, as well as a driver of growth in loans, non-interest bearing deposits and non-interest income.
Highlights for the quarter ended December 31, 2015 include:
Read full article: https://www.globenewswire.com/news-release/2016/01/28/805733/0/en/First-Business-Reports-Record-2015-Net-Income-of-16-5-Million.html
Source Article: GlobeNewsire
About First Business
First Business Financial Services is a Wisconsin-based bank holding company, focused on the unique needs of businesses, business executives and high net worth individuals. First Business offers commercial banking, specialty finance and private wealth management solutions, and because of its niche focus, is able to provide its clients with unmatched expertise, accessibility and responsiveness. For additional information, visit www.firstbusiness.com.