First Business Financial Services (FBIZ) Reports Q3 Earnings: What Key Metrics Have to Say

First Business Financial Services (FBIZ) reported $38.07 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.8%. EPS of $1.24 for the same period compares to $1.17 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $38.8 million, representing a surprise of -1.88%. The company delivered an EPS surprise of +3.33%, with the consensus EPS estimate being $1.20.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how First Business Financial Services performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Efficiency ratio: 59.5% compared to the 62.1% average estimate based on three analysts. Net Interest Margin: 3.6% versus 3.6% estimated by three analysts on average. Net Charge-off (% of Average Loans): 0.2% versus the two-analyst average estimate of 0.2%. Total Average Interest-Earning Assets: $3.41 billion versus $3.41 billion estimated by two analysts on average. Total Non-Interest Income: $7.06 million compared to the $7.75 million average estimate based on three analysts. Net Interest Income: $31.01 million versus $31.06 million estimated by three analysts on average. Service charges on deposits: $0.92 million compared to the $0.98 million average estimate based on two analysts. Swap fees: $0.46 million versus $0.65 million estimated by two analysts on average. Private wealth management service fees: $3.26 million versus $3.76 million estimated by two analysts on average. View all Key Company Metrics for First Business Financial Services here>>>Shares of First Business Financial Services have returned +1.1% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.5 Stocks Set to DoubleEach was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2024. While not all picks can be winners, previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Business Financial Services, Inc. (FBIZ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks