First Business Financial Services Inc., parent of First Business Bank and Alterra Bank, its newly acquired entity, posted fourth-quarter net income of $3.7 million (89 cents/share), compared to net income of $3.8 million (95 cents/share) a year earlier. The company’s fourth-quarter results included $566,000 in pre-tax, merger-related costs.
For all of 2014, the company’s net income reached a record $14.1 million ($3.51/diluted share), compared to $13.7 million ($3.49/diluted share) for all of 2013.
