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FBIZ on Nasdaq

FIRST BUSINESS FINANCIAL SERVICES, INC.

American state commercial bank that raised $67.5 million in 2024 (SEC Form D)1

In its 2026 annual report the company says: “The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Our products and services are focused on business banking, private wealth, and bank consulting.”4 It is headquartered in Madison, Wisconsin.1 Its shares trade on Nasdaq under the symbol FBIZ.1

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Last updated Oct 21, 2026.

Overview

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  • TickerFBIZ on Nasdaq1
  • IndustryState Commercial Banks1
  • HeadquartersMadison, Wisconsin1
  • Incorporated inWI2
  • Business address401 Charmany Drive, Madison, Wi 537192
  • Filer categoryAccelerated filer2
  • Legal formCorporation

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First Business Financial Services, Inc. (together with all of its subsidiaries, collectively referred to as the “Corporation,” “FBFS,” “we,” “us,” or “our”) is a registered bank holding company originally incorporated in 1986 under the laws of the State of Wisconsin and is engaged in the commercial banking business through its wholly-owned bank subsidiary, First Business Bank (collectively with its subsidiaries “FBB” or the “Bank”), headquartered in Madison, Wisconsin. All of our operations are conducted through FBB and its wholly-owned subsidiary First Business Specialty Finance, LLC (“FBSF”). The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Our products and services are focused on bu…4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Net income56789$50.3M in 2025+116% since 2019
0$20.0M$40.0M$60.0M2019: $23.3M$23.3M20192020: $17.0M$17.0M2020−27%2021: $35.8M$35.8M2021+111%2022: $40.9M$40.9M2022+14%2023: $37.0M$37.0M2023−9%2024: $44.2M$44.2M2024+19%2025: $50.3M$50.3M2025+14%

Every line of the income statement as filed: the last 3 fiscal years (annual) or 8 quarters (quarterly), latest first.9

Period ending2025-12-312024-12-312023-12-31
Loans and leases$227.3M$216.9M$182.7M
Securities$15.4M$11.9M$8.2M
Short-term investments$4.6M$4.3M$4.1M
Total interest income$247.3M$233.1M$194.9M
Deposits$99.2M$97.9M$71.4M
Federal Home Loan Bank advances and other borrowings$11.4M$11.0M$10.9M
Total interest expense$110.6M$108.9M$82.3M
Net interest income$136.7M$124.2M$112.6M
Provision for credit losses$8.7M$8.8M$8.2M
Net interest income after provision for credit losses$128.0M$115.4M$104.4M
Private wealth management service fees$14.7M$13.3M$11.4M
Gain on sale of Small Business Administration loans$1.9M$1.9M$2.1M
Service charges on deposits$4.5M$3.8M$3.1M
Loan fees$1.7M$3.4M$3.4M
Bank-owned life insurance policy income$2.8M$1.6M$1.5M
Net loss on sale of securities$0-$8.0K-$45.0K
Swap fees$2.0M$1.4M$3.0M
Other non-interest income$4.4M$3.8M$6.9M
Total non-interest income$31.9M$29.3M$31.3M
Compensation$67.9M$63.1M$61.1M
Occupancy$2.3M$2.4M$2.4M
Professional fees$5.0M$5.7M$5.3M
Data processing$4.7M$4.9M$3.8M
Marketing$3.8M$3.5M$2.9M
Equipment$1.4M$1.3M$1.3M
Computer software$7.0M$6.2M$5.0M
FDIC insurance$3.2M$2.8M$2.2M
Other non-interest expense$4.1M$3.7M$4.5M
Total non-interest expense$99.5M$93.5M$88.6M
Income before income tax expense$60.5M$51.1M$47.1M
Income tax expense$10.1M$6.9M$10.1M
Net income$50.3M$44.2M$37.0M
Preferred stock dividend$875.0K$875.0K$875.0K
Net income available to common shareholders$49.4M$43.4M$36.2M
Basic$5.94$5.20$4.33
Diluted$5.94$5.20$4.33
Dividends declared per share$1.16$1.00$0.91

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Corporate structure

FIRST BUSINESS FINANCIAL SERVICES, INC. sits at the top of its group. 8 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of FIRST BUSINESS FINANCIAL SERVICES, INC.

  • VANGUARD GROUP INC Filed SCHEDULE 13G/A on FIRST BUSINESS FINANCIAL SERVICES, INC., latest Mar 26, 2026 (2 filings since Apr 30, 2025)
  • BlackRock Portfolio Management LLC Filed SCHEDULE 13G/A on FIRST BUSINESS FINANCIAL SERVICES, INC., latest Oct 17, 2025 (2 filings since Apr 15, 2025)
  • BlackRock Filed SCHEDULE 13G/A on FIRST BUSINESS FINANCIAL SERVICES, INC., latest Apr 24, 2025 (4 filings since Feb 3, 2023)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on FIRST BUSINESS FINANCIAL SERVICES, INC., latest Feb 9, 2024 (3 filings since Feb 8, 2022)
  • BANC FUNDS CO LLC Filed SC 13G/A on FIRST BUSINESS FINANCIAL SERVICES, INC., latest Feb 8, 2024 (3 filings since Feb 7, 2022)
  • FIRST BUSINESS FINANCIAL SERVICES, INC. Madison, Wisconsin
    • ABKC Real Estate, LLC Subsidiary · Kansas, United States
    • FBB Real Estate 2, LLC Subsidiary · Kansas, United States
    • FBB Tax Credit Investment, LLC Subsidiary · Wisconsin, United States
    • First Business Bank Subsidiary · Wisconsin, United States
    • First Business Specialty Finance Subsidiary · Wisconsin, United States
    • First Madison Investment Corp. Subsidiary · Nevada, United States
    • Mitchell Street Apartments Investment, LLC Subsidiary · Wisconsin, United States

Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What FIRST BUSINESS FINANCIAL SERVICES, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Furniture and fixtures$10.1M9 Dec 31, 2025$9.5M9 Dec 31, 2024+6.2%
Leasehold improvements$5.6M9 Dec 31, 2025$5.6M9 Dec 31, 20240%
Property and equipment, before depreciation$15.6M9 Dec 31, 2025$15.1M9 Dec 31, 2024+3.9%
Accumulated depreciation$11.0M9 Dec 31, 2025$9.8M9 Dec 31, 2024+11.7%
Property and equipment, net$4.7M9 Dec 31, 2025$5.2M9 Dec 31, 2024−10.7%
Operating-lease assets (leased space)$5.3M9 Dec 31, 2025$5.7M9 Dec 31, 2024−6.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$39.5M9 Dec 31, 2025$157.7M9 Dec 31, 2024−75.0%
Debt securities available for sale$422.1M9 Dec 31, 2025$341.4M9 Dec 31, 2024+23.6%
Debt securities held to maturity$5.2M9 Dec 31, 2025$6.7M9 Dec 31, 2024−22.7%
Loans, net of allowance$3.3B9 Dec 31, 2025$3.1B9 Dec 31, 2024+8.4%
Deposits held (banks)$3.4B9 Dec 31, 2025$3.1B9 Dec 31, 2024+8.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$10.7M9 Dec 31, 2025$10.7M9 Dec 31, 20240%

Properties, in its own words

The following table provides certain summary information with respect to the principal properties in which we conduct our operations, all of which were leased, as of December 31, 2025:

Location · Function · ExpirationDate

The rest of Item 2

401 Charmany Drive, Madison, WI · Full-service banking location of FBB - South Central Region and office of FBFS · 2028

17335 Golf Parkway, Brookfield, WI · Full-service banking location of FBB - Southeast Region · 2032

11141 Overbrook Road, Leawood, KS · Full-service banking location of FBB - Kansas City Region · 2033

3913 West Prospect Avenue, Appleton, WI · Full-service banking location of FBB - Northeast Region · 2030

For the purpose of generating business development opportunities in our specialized lending and consulting businesses, as of December 31, 2025, office space was also leased in several states nationwide under shorter-term lease agreements.

Item 2 of the 10-K filed Feb 25, 2026.4

Leadership

Who has led FIRST BUSINESS FINANCIAL SERVICES, INC., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Charles H. Batson2011–2018
  2. Corey A. Chambas2011–2014
  3. David J. Vetta2011–2017
  4. Mark J. Meloy2011–2022
  5. Pamela R. Berneking2014–2015
  6. James Edward Hartlieb2023–2026
  7. David R. Seiler2026–now

President

  1. Charles H. Batson2011–2018
  2. Corey A. Chambas2011–2022
  3. Joan A. Burke2013–2018
  4. James Edward Hartlieb2022
  5. David R. Seiler2023–2026
  6. Niamh M. Kristufek2026–now

Chief financial officer

  1. James F. Ropella2011–2016
  2. David R. Papritz2014
  3. Edward G. Sloane Jr.2016–2023
  4. Brian D. Spielmann2023–now

Chief operating officer

  1. Michael J. Losenegger2011
  2. David R. Seiler2016–now
201520202025
Board members and other officers (30)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorCARLA C. CHAVARRIA named Mar 18, 2022 to Sep 25, 202458
  • DirectorJOHN J. HARRIS named Mar 18, 2022 to Sep 25, 202458
  • DirectorW. KENT LORENZ named Mar 18, 2022 to Sep 25, 202458

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ABKC Real Estate, LLC Kansas3
  • FBB Real Estate 2, LLC Kansas3
  • FBB Tax Credit Investment, LLC Wisconsin3
  • First Business Bank Wisconsin3
  • First Business Specialty Finance Wisconsin3
  • First Madison Investment Corp. Nevada3
  • Mitchell Street Apartments Investment, LLC Wisconsin3

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 20, 20268-K Regulation FD disclosure59
  2. Jul 30, 20268-K Results of operations; Regulation FD disclosure60
  3. May 28, 20268-K Executive or director change; Regulation FD disclosure61
  4. May 19, 2026New chief executive David R. Seiler becomes CEO13
  5. May 11, 20268-K Executive or director change62
  6. May 5, 20268-K Regulation FD disclosure63
  7. Apr 29, 20268-K Shareholder vote64
  8. Apr 23, 20268-K Results of operations; Regulation FD disclosure65
  9. Apr 16, 20268-K Executive or director change66
  10. Apr 14, 20268-K Executive or director change67
  11. Mar 12, 20268-K Regulation FD disclosure68
  12. Feb 3, 20268-K Regulation FD disclosure69
  13. Feb 2, 20268-K Executive or director change70
  14. Feb 21, 2023New chief executive James Edward Hartlieb becomes CEO14
  15. Nov 3, 2014New chief executive Pamela R. Berneking becomes CEO15
  16. Aug 17, 2011New chief executive Mark J. Meloy becomes CEO19
  17. Aug 17, 2011New chief executive David J. Vetta becomes CEO18
  18. Aug 17, 2011New chief executive Corey A. Chambas becomes CEO17
  19. Aug 17, 2011New chief executive Charles H. Batson becomes CEO16

Calendar

Coming up

  1. Oct 29, 2026 · After the closeReports results for the quarter ending Sep/2026 A year earlier it reported $1.70 a share, on Oct 30, 2025.71

When it reported results

  1. Jul 30, 2026Reported quarterly or annual results60
  2. Apr 23, 2026Reported quarterly or annual results65
  3. Jan 29, 2026Reported quarterly or annual results72
  4. Oct 30, 2025Reported quarterly or annual results73
  5. Jul 24, 2025Reported quarterly or annual results74
  6. Apr 24, 2025Reported quarterly or annual results75
  7. Jan 30, 2025Reported quarterly or annual results76
  8. Oct 24, 2024Reported quarterly or annual results77

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

402 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 95 major events, 213 insider forms, 14 large holders, 4 private raises, 56 other. The latest 20:

  1. Aug 28, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  2. Aug 21, 2026N-PX EDGAR
  3. Aug 20, 20268-K EDGAR
  4. Aug 18, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  5. Jul 31, 202610-Q EDGAR
  6. Jul 30, 20268-K EDGAR
  7. Jul 28, 202613F-HR EDGAR
  8. Jun 2, 20263 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  9. May 28, 20268-K EDGAR
  10. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  11. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  12. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  13. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  14. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  15. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  16. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  17. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  18. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  19. May 19, 20264 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES EDGAR
  20. May 11, 20268-K/A EDGAR

The 402 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

37 open-market trades by officers, directors and large owners since October 2021: 23 buys and 14 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 27, 2026Chandler Jodi AChief Human Resources OfficerSale675$70.19$47.4KForm 4
Nov 7, 2025Crampton Kevin DChief Accounting OfficerBuy71$51.40$3.6KForm 4
Jul 30, 2025Kauten Ralph R.DirectorBuy10,000$47.80$478.0KForm 4
Jul 30, 2025Graham Jason RDirectorBuy1,000$47.87$47.9KForm 4
Feb 7, 2025Ovokaitys DanielChief Information OfficerSale4,828$54.55$263.4KForm 4
Dec 13, 2024Sanders Carol PDirectorSale8,881$48.83$433.7KForm 4
Nov 19, 2024Lorenz William KentDirectorSale1,000$49.00$49.0KForm 4
Nov 7, 2024CHAMBAS COREY ADirectorSale40,000$48.81$2.0MForm 4
Oct 31, 2024Hartlieb James EdwardPres&CEO First Business BankSale6,344$43.15$273.7KForm 4
Oct 30, 2024Sanders Carol PDirectorBuy134$44.76$6.0KForm 4
Aug 23, 2024Ovokaitys DanielChief Information OfficerSale1,130$42.38$47.9KForm 4
Aug 19, 2024Lorenz William KentDirectorSale1,150$42.79$49.2KForm 4
Aug 12, 2024MELOY MARK JEVPSale5,000$40.05$200.2KForm 4
Jul 30, 2024Sanders Carol PDirectorBuy129$45.85$5.9KForm 4
May 21, 2024Crampton Kevin DChief Accounting OfficerBuy154$34.15$5.3KForm 4
May 13, 2024Lorenz William KentDirectorSale1,345$34.51$46.4KForm 4
May 10, 2024Lorenz William KentDirectorSale80$35.00$2.8KForm 4
May 1, 2024Sanders Carol PDirectorBuy175$34.40$6.0KForm 4
Jan 30, 2024Sanders Carol PDirectorBuy156$38.37$6.0KForm 4
Oct 31, 2023Sanders Carol PDirectorBuy193$31.08$6.0KForm 4

All 37 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Corey A. Chambas$533.0K$1.2M83
2025David R. Seiler$500.0K$1.1M83
2025Brian D. Spielmann$340.0K$688.3K83
2025Bradley A. Quade$341.6K$667.5K83
2025James E. Hartlieb$315.0K$620.5K83
2024Chief Executive Officer$554.7K$1.2M83
2024President & Chief Operating Officer$434.3K$829.3K83
2024Chief Financial Officer$308.3K$576.0K83
2024EVP & Chief Credit Officer$312.5K$562.0K83
2024President & CEO – First Business Bank$300.0K$546.0K83
2023Chief Executive Officer$610.0K$2.0M83
2023President & Chief Operating Officer$375.0K$729.3K83
2023EVP & Chief Credit Officer$276.0K$506.5K83
2023Chief Financial Officer$268.8K$498.9K83

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Sep 13, 2024Raised $20 million in a private offering of debt Form D: 24 investors so far Form D
  2. Sep 29, 2023Raised $15 million in a private offering of debt Form D: 25 investors so far Form D
  3. Mar 4, 2022Raised $20 million in a private offering of debt Form D: 1 investor so far Form D
  4. Mar 4, 2022Raised $12.5 million in a private offering of equity Form D: 4 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.928,380$58.6M0.0%+58,178
Dimensional Fund Advisors LP498,430$31.5M0.0%−1,286
Vanguard Capital Management LLC343,482$21.7M0.0%+2,944
First Business Financial Services, Inc.340,189$21.5M1.7%−21,122
American Century Companies Inc272,788$17.2M0.0%+32,651
Manufacturers Life Insurance Company, The243,005$15.4M0.0%−1,790
Geode Capital Management, LLC214,987$13.6M0.0%+15,215
State Street Corp187,371$11.8M0.0%+13,653
Banc Funds Co LLC163,224$10.3M1.7%−3,000
Cutler Capital Management, LLC154,346$9.8M2.9%−244
Pacific Ridge Capital Partners, LLC139,808$8.8M1.6%−1,084
Aqr Capital Management LLC128,927$8.1M0.0%+34,300
Federated Hermes, Inc.125,563$7.9M0.0%+9,430
Renaissance Technologies LLC120,865$7.6M0.0%−1,600
Vanguard Portfolio Management LLC101,542$6.4M0.0%+9,273
De Lisle Partners LLP98,812$6.3M0.7%No change
Hillsdale Investment Management Inc.91,671$5.8M0.1%+8,600
Northern Trust Corp83,399$5.3M0.0%+3,926
Bridgeway Capital Management, LLC80,557$5.1M0.1%+3,175
Morgan Stanley79,994$5.1M0.0%+4,275
Two Sigma Investments, LP73,566$4.6M0.0%+41,870
Qube Research & Technologies Ltd61,517$3.9M0.0%+1,059
Vanguard Fiduciary Trust Co54,400$3.4M0.0%+2,707
Vista Investment Management52,349$3.3M1.0%−421
Ameriprise Financial Inc48,817$3.1M0.0%+360

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How FIRST BUSINESS FINANCIAL SERVICES, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARFIRST BUSINESS FINANCIAL SERVICES, INC.1
  • CIK0001521951
  • Employer ID (EIN)39-15765704
  • Filer statusAccelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inWisconsin4
  • Fiscal year endsDecember 311
  • Industry code (SIC)6022 State Commercial Banks1
  • SEC reviewing officeOffice of Finance, Division of Corporation Finance1
  • Business address401 Charmany Drive, Madison, WI 537191
  • Mailing address401 Charmany Drive, Po Box 44961, Madison, WI 537441
  • Phone608-238-80081
  • Shares outstanding8,368,320 as of Jul 27, 202611
  • Public float$421.4M as of Jun 30, 20254
  • AuditorCrowe LLP, Oakbrook Terrace, Illinois PCAOB ID 173; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceJul 29, 20111
  • Filings1,267 in all: 4 (641), 8-K (316), 13F-HR (53), 10-Q (46), SC 13G/A (30), 3 (24), DEFA14A (20), 4/A (16)1
    All 37 form types

    10-K (15), DEF 14A (15), CORRESP (10), SC 13G (10), UPLOAD (9), D (8), 144 (6), EFFECT (6), S-8 (6), 425 (5), S-3 (4), 8-K/A (3), N-PX (3), SCHEDULE 13G/A (3), 3/A (2), S-1/A (2), SCHEDULE 13G (2), 13F-HR/A (1), 424B3 (1), 424B4 (1), 5 (1), 8-A12B/A (1), D/A (1), FWP (1), S-1 (1), S-1MEF (1), S-3/A (1), S-4 (1), S-4/A (1)

  • Latest filingsAnnual report (10-K) Feb 25, 2026
    Quarterly report (10-Q) Jul 31, 2026
    Proxy statement (DEF 14A) Mar 5, 2026
    Latest 8-K (8-K) Aug 20, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valueFBIZThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 25, 2026 (Section 12(b) of the Exchange Act).4

Risk factors and legal proceedings

The risks FIRST BUSINESS FINANCIAL SERVICES, INC. names in Item 1A of its 10-K filed Feb 25, 2026: 44 risks under these headings, as written.4

  • Credit Risks
  • Liquidity and Interest Rate Risks
  • Operational Risks
  • Strategic and External Risks
  • Regulatory, Compliance, Legal and Reputational Risks
  • Risks Related to Investing in Our Common Stock
  • General Risk Factors
  • If we do not effectively manage our credit risk, we may experience increased levels of delinquencies, non-accrual loans, and charge-offs, which would require increases in our provision for credit losses.
  • Our allowance for credit losses may not be adequate to cover actual losses.
  • A significant portion of our loan and lease portfolio is comprised of commercial real estate loans, which involve risks specific to real estate values and the real estate markets in general.
  • Real estate construction and land development loans are based upon estimates of costs and values associated with the completed project. These estimates may be inaccurate and we may be exposed to significant losses on loans for these projects.
  • The success of our SBA lending program is dependent upon the continued availability of SBA loan programs, our status as a Preferred Lender under the SBA loan programs, our ability to effectively compete and originate new SBA loans, and our ability to comply with applicable SBA lending requirements.
The other 39 risks
  • Non-performing assets take time to resolve, adversely affect our results of operations and financial condition, and could result in losses.
  • Liquidity risks could affect operations and jeopardize our business, financial condition, and results of operations.
  • The Corporation is a bank holding company and its sources of funds necessary to meet its obligations are limited.
  • Interest rate shifts may reduce net interest income and otherwise negatively impact our financial condition and results of operations.
  • The proportion of the Corporation’s deposit account balances that exceed FDIC insurance limits may expose the Bank to enhanced liquidity risk.
  • We are dependent upon third party service providers for certain information systems, data management and processing services, and key components of our business infrastructure, which are subject to operational, security, and other risks.
  • The nature of our operations is such that we are exposed to risks associated with potential fraudulent activities, errors, breaches and the like.
  • The adoption of artificial intelligence tools by us and our third-party vendors and service providers may increase the risk of errors, omissions, unfair treatment, or fraudulent behavior by our employees, clients, or counterparties, or other third parties.
  • Our business continuity plans could prove to be inadequate, resulting in a material interruption in or disruption to our business and a negative impact on our results of operations.
  • New lines of business, products, and services are essential to our ability to compete but may subject us to additional risks.
  • Our framework for managing risks may not be effective in mitigating risk and loss to us.
  • We are subject to changes in accounting principles, policies, or guidelines.
  • Our internal controls may be ineffective.
  • Our business may be adversely affected by conditions in the financial markets and economic conditions generally.
  • Changes in U.S. trade policies, including the imposition of tariffs, may adversely affect our business, results of operations and financial condition.
  • The Corporation’s business and financial results could be materially and adversely affected by widespread public health events.
  • Our business is concentrated in, and largely dependent upon, the continued growth and welfare of the general geographical markets in which we operate.
  • Our financial condition and results of operations could be negatively affected if we fail to effectively execute our strategic plan or manage the growth called for in our strategic plan.
  • We could recognize impairment losses on securities held in our securities portfolio, goodwill, or other long-lived assets.
  • The failure or perceived weakness of any of our significant counterparties could expose us to loss.
  • We could be required to establish a deferred tax asset valuation allowance and a corresponding charge against earnings if we experience a decrease in earnings.
  • Competition from other financial services providers could adversely affect our profitability.
  • Consumers and businesses are increasingly using non-banks to complete their financial transactions, which could adversely affect our business and results of operations.
  • If we are unable to keep pace with technological advances in our industry, our ability to attract and retain clients could be adversely affected.
  • Our Private Wealth management results of operations may be negatively impacted by changes in economic and market conditions.
  • Potential acquisitions may disrupt our business and dilute shareholder value.
  • The investments we make in certain tax-advantaged projects may not generate returns as anticipated and may have an adverse impact on the Corporation’s financial results.
  • A prolonged U.S. government shutdown or default by the U.S. on government obligations would harm our results of operations.
  • We operate in multiple states and in a highly regulated industry and the federal and state laws and regulations that govern our operations, corporate governance, executive compensation, and accounting principles. Changes in applicable laws or regulations, or our failure to comply with them, may adversely affect us.
  • We face a risk of noncompliance and enforcement action with various statutes and regulations.
  • We are periodically subject to examination and scrutiny by a number of banking agencies and, depending upon the findings and determinations of these agencies, we may be required to make adjustments to our business that could adversely affect us.
  • We are subject to claims and litigation pertaining to our fiduciary responsibilities.
  • Our stock is thinly traded and our stock price can fluctuate.
  • To maintain adequate capital levels, we may be required to raise additional capital in the future, but that capital may not be available when it is needed and/or could be dilutive to our existing shareholders.
  • If equity research analysts publish research or reports about our business with unfavorable commentary or downgrade our common stock, the price and trading volume of our common stock could decline.
  • Volatility or events impacting a subset of the banking industry can impact the entire sector, including the Corporation, which could affect the confidence of our clients and investors and result in a material adverse effect on our performance and a decline in our stock price for reasons outside of our control.
  • Our ability to attract and retain talented employees is critical to our success.
  • We rely on our management and the loss of one or more of those managers may harm our business.
  • Negative publicity could damage our reputation and adversely impact our business and financial results.

Legal proceedings

We believe no litigation is threatened or pending in which we face potential loss or exposure which could materially affect our consolidated financial position, consolidated results of operations, or consolidated cash flows. Since our subsidiaries act as depositories of funds, lenders, and fiduciaries, they are occasionally named as defendants in lawsuits involving a variety of claims. This and other litigation is ordinary, routine litigation incidental to our business.

The opening of Item 3, Legal Proceedings.4

Sources

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