First Business Financial Services Increases Dividend, Reinforcing Shareholder Commitment and Value

First Business Financial Services Boosts Dividend, Reinforcing Commitment to Shareholders

First Business Financial Services, Inc., the parent company of First Business Bank, announces a significant increase in its quarterly common stock dividend, now set at $0.29 per share. This marks a 16% rise from the previous dividend declared in October 2024, underscoring the company's dedication to shareholder value. The new dividend translates to a robust 22% yield based on the recent market close price of $51.66, further solidifying First Business Bank's reputation as a reliable player in the banking sector. This increase represents the 13th consecutive annual dividend hike, reflecting the company's consistent financial performance and commitment to rewarding its shareholders.

The dividend payout ratio for this quarter stands at a modest 17%, based on the bank's fourth quarter 2024 earnings per share. Shareholders of record as of February 14, 2025, will receive this cash dividend on February 28, 2025, demonstrating First Business Bank's structured approach to returning profits to investors. In addition to the common stock dividend, the bank also declares a dividend of $17.50 per share on its 7% Series A Preferred Stock, payable on March 17, 2025, to shareholders recorded by February 28, 2025. These strategic financial decisions reflect the bank’s robust operational framework and its focus on long-term growth and stability.

First Business Bank distinguishes itself through its comprehensive suite of banking services, which includes Business Banking, Commercial Banking, Specialty Finance, Private Wealth, and Bank Consulting Services. The bank's approach emphasizes exceptional expertise and accessibility, particularly through its subsidiary, First Business Specialty Finance, LLC. This focus on delivering tailored banking solutions ensures that First Business Bank meets the diverse needs of its clientele, positioning itself as a leader in the financial services industry.

In addition to the dividend announcement, the company issues a caution regarding forward-looking statements, highlighting that future plans may be subject to risks and uncertainties that could affect actual outcomes. Stakeholders are encouraged to review the company's filings with the Securities and Exchange Commission to gain a comprehensive understanding of the factors that may influence its future performance. For more detailed information, interested parties can visit the company’s website at firstbusiness.bank.