First Business Bank Declares Quarterly Cash Dividends

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Apr 28, 2023

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 $0.2275 per share which is equivalent to a dividend yield of 3.16% based on Thursday’s market close price of $28.78. The quarterly dividend is the same as the quarterly dividend declared in January 2023, and based on first quarter 2023 earnings per share, represents a dividend payout ratio of 22%. This regular cash dividend is payable on May 18 2023, to shareholders of record at the close of business on May 8, 2023. 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 15, 2023, to shareholders of record on May 31, 2023.