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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 36M | 6.8% |
| Gross Profit | 11M | 28.8% |
| Cost of Revenue | 26M | 0.3% |
| Operating expense | 4.1M | 67% |
| Net Income | 10M | 18.2% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 3.62B | 2.4% |
| Total Liabilities | 3.31B | 2.4% |
| Total Equity | 305M | 2.5% |
| Shares Outstanding | 8.3M | 0.1% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 13M | 50.3% |
| Cash from investing | -77M | 6.9% |
| Cash from financing | 73M | 1010% |
EPS
Financial Highlights for First Business Bank in Q2 '24
First Business Bank reported a revenue of 36M, which is a 6.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 11M, marking a 28.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 26M, a -0.3% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 4.1M, showing a 67% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 10M, showing a 18.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
It was a positive quarter for First Business Bank with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
