First Business Financial Services, Inc. (FBIZ) Q2 2026 Earnings Call Transcript

First Business Financial Services, Inc. ( FBIZ ) Q2 2026 Earnings Call July 31, 2026 9:00 AM EDT Company Participants David Seiler - President, CEO & Director Brian Spielmann - CFO & Treasurer Conference Call Participants Timothy DeLacey - Raymond James & Associates, Inc., Research Division Jeff Rulis - D.A. Davidson & Co., Research Division Damon Del Monte - Keefe, Bruyette, & Woods, Inc., Research Division Nathan Race - Piper Sandler & Co., Research Division Presentation Operator Hello, and welcome to the First Business Financial Services Second Quarter 2026 Earnings Conference Call. [Operator Instructions] Please note this event is being recorded. And today's comments may contain forward-looking statements that are subject to risks and uncertainties. Actual results may differ materially from those discussed. Please refer to the company's earnings release, investor presentation and SEC filings for additional information, including risk factors and reconciliations of any non-GAAP financial measures. I would now like to turn the conference over to First Business Financial Services CEO, Dave Seiler. Please go ahead. David Seiler President, CEO & Director Good morning, everyone, and thank you for joining us. We appreciate your time and your interest in First Business Bank. Joining me today is our CFO, Brian Spielmann. We encourage you to review our earnings release and supplemental earnings call slides, which are available through our website at ir.firstbusiness.bank, along with our other investor materials. Our team's outstanding execution drove our exceptional performance in the second quarter. We reported earnings per share of $1.84, which included a net benefit of $0.14 related to 2 one-time events. Excluding this benefit, EPS grew 18% from the first quarter and 26% from last year's second quarter. Pretax pre-provision earnings grew to a record $19.8 million for the quarter and were up 15% for the first 6 months of 2026, reflecting strong contributions across the bank. We are very pleased with this performance.