First Business Bank produced outstanding second quarter results that differentiated us from our peers. While the industry settled down from the extreme volatility of the first quarter, banks generally struggled to grow loans and deposits and net interest margins suffered as well. In comparison, First Business Bank's stable margin and revenue growth momentum contributed to strong pre-tax, pre-provision (“PTPP”) earnings. Robust loan and deposit growth compared favorably to our peers while credit losses remained negligible, helping drive solid bottom-line profitability.1
1. Defined as publicly-traded banks with total assets between $1.5 billion and $5.5 billion.