First Business Financial Services, Inc 8-K, filed Apr 28, 2025
First Business Financial Services, Inc. (FBIZ)
About this 8-K
First Business Financial Services, Inc filed this 8-K on April 28, 2025, reporting on events of April 25, 2025.
Items reported
- Item 7.01: Regulation FD disclosure
- Item 9.01: Financial statements and exhibits
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
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Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
First Business Financial Services, Inc. (the “Company”) issued a press release today announcing that the Company’s Board of Directors declared a quarterly cash dividend on its common stock of $0.29 per share on April 25, 2025. The quarterly dividend is the same quarterly dividend declared in January 2025 and is payable on May 23, 2025, to shareholders of record on May 9, 2025. The Board of Directors also declared a dividend on its 7% Series A Preferred Stock, of $17.50 per share, payable on June 16, 2025, to shareholders of record on May 30, 2025. A copy of the press release is furnished as Exhibit 99.1 and is incorporated by reference herein.
Item 9.01. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Not applicable
(d) Exhibits. The following exhibit is being furnished herewith:
99.1 |
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Press Release by First Business Financial Services, Inc. dated April 28, 2025. |
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Cover Page Interactive Data File (embedded within the Inline XBRL Document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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April 28, 2025 |
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FIRST BUSINESS FINANCIAL SERVICES, INC. |
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By: |
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/s/ Brian D. Spielmann |
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Name: |
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Brian D. Spielmann |
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Title: |
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Chief Financial Officer |
Press Release
Contact:
Brian D. Spielmann
Chief Financial Officer
First Business Financial Services, Inc.
608-232-5970
bspielmann@firstbusiness.bank
First Business Bank Declares Quarterly Cash Dividends
MADISON, WI – April 28, 2025 – First Business Financial Services, Inc. (the “Company” or “First Business Bank”) (Nasdaq: FBIZ) announced its Board of Directors has declared a quarterly cash dividend on its common stock of $0.29 per share which is equivalent to a dividend yield of 2.42% based on Friday’s market close price of $47.89. The quarterly dividend is the same as the quarterly dividend declared in January 2025, and based on first quarter 2025 earnings per share, represents a dividend payout ratio of 22%. This regular cash dividend is payable on May 23, 2025, to shareholders of record at the close of business on May 9, 2025. The board of directors also declared a dividend on the Company’s 7% Series A Preferred Stock of $17.50 per share, payable on June 16, 2025, to shareholders of record on May 30, 2025.
About First Business Bank
First Business Bank specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting Services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank.
This press release includes “forward-looking” statements related to First Business Financial Services, Inc. that can generally be identified as describing the Company’s future plans, objectives or goals. Such forward-looking statements are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those currently anticipated. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. For further information about the factors that could affect the Company’s future results, please see the Company’s 2024 annual report on Form 10-K, quarterly reports on Form 10-Q and other filings with the Securities and Exchange Commission.
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