The second quarter demonstrated the value of executing our strategic plan through our team's ability to drive strong results across our business. Consistent double-digit annual growth in loans, deposits, and assets under management in Private Wealth over the past several years propelled us to record total revenue, up 22% from the second quarter of 2021 excluding the impact of the Paycheck Protection Program ("PPP"). This sustained growth, combined with our exceptional commitment to asset quality, resulted in record quarterly earnings of $11.0 million, up 26% from the first quarter and up 33% from the second quarter of last year.
CEO Report - Second Quarter 2022
Written by Corey Chambas, President & CEO, Parent Company Board Member, and First Business Bank Board Member
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