First Business Financial Services Declares $0.34 Quarterly Dividend
First Business Financial Services, Inc., a Wisconsin-based community bank holding company, announced a $0.34 per share quarterly cash dividend. The payout matches the January 2026 distribution and yields 2.37% based on the April 22 closing price.
First Business Financial Services, Inc. (NASDAQ: FBIZ), a community bank holding company serving commercial clients in Wisconsin and Kansas City, declared a quarterly cash dividend of $0.34 per share on its common stock. The board approved the distribution on April 23, 2026. Read more dividend announcements.
The dividend matches the quarterly payout declared in January 2026. Based on the company's closing stock price of $57.27 on April 22, 2026, the dividend represents a yield of 2.37%.
The payout ratio stands at 24% based on first quarter 2026 earnings per share. The cash dividend will be paid to shareholders of record as of the close of business on May 6, 2026, with payment scheduled for May 20, 2026.
| Dividend Details | Common Stock |
|---|---|
| Amount | $0.34 per share |
| Record Date | May 6, 2026 |
| Payment Date | May 20, 2026 |
| Yield | 2.37% |
| Payout Ratio | 24% |
Preferred Stock Dividend
The board also declared a dividend of $17.50 per share on the company's 7% Series A Preferred Stock. This distribution is payable on June 15, 2026, to shareholders of record on May 29, 2026.
Credit Quality and Balance Sheet
Non-performing assets increased to $40.5 million, or 0.94% of total assets, from $24.1 million, or 0.61% of total assets in the prior period. The increase primarily reflects a fourth quarter 2025 downgrade of $20.4 million in commercial real estate loans from a single client relationship. The company sold $3.4 million of loans related to that relationship at par during the first quarter of 2026.
The allowance for credit losses, including unfunded commitment reserves, increased $2.0 million to $38.5 million. The increase came from higher general reserves driven by loan growth and quantitative factors, partially offset by lower specific reserves. The allowance for credit losses as a percentage of total gross loans and leases was 1.10%, compared with 1.15% in the prior year.
Period-end wholesale funding increased $6.3 million, or 0.6%, to $1.019 billion. Wholesale deposits decreased $10.4 million, or 1.3%, to $769.9 million, with the average rate paid declining six basis points to 3.97%. Federal Home Loan Bank advances increased $16.9 million, or 7.2%, to $303.5 million.
Leadership Transition
On April 15, 2026, the board appointed David R. Seiler as President and Chief Executive Officer, effective May 3, 2026. Seiler succeeds Corey A. Chambas, whose retirement was announced in May 2025.