print story

First Business Financial Services earnings up 26%

The Capital Times  —  8/05/2008 4:08 pm

Madison-based First Business Financial Services Inc. on Tuesday reported net income of $1.83 million for the first half of 2008, up 26.1 percent over the first half of 2007.

Diluted earnings per share were 76 cents, up from 59 cents a year ago. Total assets reached $981.9 million, up 17 percent more than a year ago. Net loans and leases grew 16.8 percent in the year ended June 30 to total $820.8 million.

"Our strong growth in net income was the result of a growing loan portfolio and solid asset quality," CEO Corey Chambas said in a statement. "We are committed to maintaining our asset quality and further leveraging our team to continue increasing our net income."

First Business Financial Services includes First Business Bank -- Madison, First Business Bank -- Milwaukee, First Business Bank -- Northeast, First Business Trust & Investments, First Business Equipment Finance, and First Business Capital Corp.

The Capital Times  —  8/05/2008 4:08 pm