First Business Financial Services Files 2024 10-K
Ticker: FBIZ · Form: 10-K · Filed: Feb 26, 2025 · CIK: 1521951
| Field | Detail |
|---|---|
| Company | First Business Financial Services, INC. (FBIZ) |
| Form Type | 10-K |
| Filed Date | Feb 26, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, commercial-real-estate, loan-portfolio
TL;DR
FBFS filed its 2024 10-K. Shows 2024 financials. Check CRE and loan delinquencies.
AI Summary
First Business Financial Services, Inc. filed its 2024 10-K on February 26, 2025, reporting on its fiscal year ending December 31, 2024. The company, based in Madison, WI, operates in the commercial banking sector. Key financial data and segment information for 2024 and 2023 are detailed, including various loan portfolio segments and delinquency metrics.
Why It Matters
This filing provides a comprehensive overview of First Business Financial Services' financial performance and operational segments for the fiscal year 2024, crucial for investors and stakeholders to assess the company's health and future prospects.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate elevated risk without further analysis of the financial details.
Key Numbers
- 2024-12-31 — Fiscal Year End (Reporting period for the 10-K)
- 2023-12-31 — Prior Year End (Comparison period for financial data)
Key Players & Entities
- FIRST BUSINESS FINANCIAL SERVICES, INC. (company) — Filer
- 20241231 (date) — Fiscal Year End
- 20250226 (date) — Filing Date
- Madison, WI (location) — Business Address
- 608-238-8008 (phone_number) — Business Phone
FAQ
What were the key segments of First Business Financial Services' commercial real estate portfolio in 2024?
In 2024, key segments included Owner Occupied Loans (Category Four) and Multi Family Loans.
What was the delinquency status for financing receivables in the Commercial Real Estate Portfolio segment as of December 31, 2024?
As of December 31, 2024, the Commercial Real Estate Portfolio segment had financing receivables that were 30-59 days past due and 60-89 days past due.
When was the company's name last changed?
The company's former name was First Business Financial Services, Inc., with a date of name change on 20110527.
What is the Standard Industrial Classification (SIC) code for First Business Financial Services, Inc.?
The SIC code is 6022, State Commercial Banks.
What specific types of loans were highlighted in the 2024 reporting period within the Commercial Real Estate Portfolio?
The filing highlights Owner Occupied Loans and Multi Family Loans within the Commercial Real Estate Portfolio segment for 2024.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 26, 2025 regarding FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ).