Symbols / FBIZ Stock $58.42 +0.50% First Business Financial Services, Inc.

Financial Services • Banks - Regional • United States • NMS
FBIZ (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Banks - Regional
CEO Mr. David R. Seiler
Exch · Country NMS · United States
Market Cap 488.52M
Enterprise Value 772.70M
Income 49.54M
Sales 163.13M
FCF (ttm) —
Book/sh 44.12
Cash/sh 8.58
Employees 378
Insider 10d —
IPO Nov 09, 2005
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 19.97%
P/E 9.64
Forward P/E 8.71
PEG 1.24
P/S 2.99
P/B 1.32
P/C —
EV/EBITDA —
EV/Sales 4.74
Quick Ratio —
Current Ratio —
Debt/Eq —
LT Debt/Eq —
EPS (ttm) 6.06
EPS next Y 6.70
EPS Growth 9.00%
Revenue Growth 8.30%
EPS Gr Q/Q 9.20%
Rev Gr Q/Q —
Earnings (next) 2026-07-23
Earnings (prior) 2026-04-23
ROA 1.24%
ROE 14.34%
ROIC —
Gross Margin 0.00%
Oper. Margin 36.99%
Profit Margin 31.48%
Shs Outstand 8.36M
Shs Float 7.82M
Insider Own 5.51%
Instit Own 71.45%
Short Float 0.95%
Short Ratio 1.91
Short Interest 75.86K
52W High 60.54
vs 52W High -3.50%
52W Low 45.90
vs 52W Low 27.28%
Beta 0.68
Impl. Vol. 31.53%
Rel Volume 0.38
Avg Volume 40.10K
Volume 15.43K
Target (mean) $65.60
Tgt Median $65.00
Tgt Low $64.00
Tgt High $70.00
# Analysts 5
Recom None
Prev Close $58.13
Price $58.42
Change 0.50%
About

First Business Financial Services, Inc. operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri. The company offers commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, small business administration lending and servicing, treasury management solutions, and company retirement services. It also provides private wealth management for individuals, including creating and executing asset allocation strategies, trust and estate administration, financial planning, investment management, and access to brokerage and custody-only services, as well as private banking to private wealth clients. In addition, the company offers bank consulting services consisting of balance sheet, investment portfolio, and asset liability management services. Further, it provides commercial deposit accounts. The company was founded in 1909 and is headquartered in Madison, Wisconsin.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$65.60
Mean price target
2. Current target
$58.42
Latest analyst target
3. DCF / Fair value
$90.90
Fallback: EPS × 15 (assumed fair P/E). No FCF data; use with …
Ratings
Current target
$58.42
Low
$64.00
High
$70.00
Mean
$65.60

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-27 main DA Davidson Buy → Buy $65
2026-02-03 main Piper Sandler Overweight → Overweight $70
2026-02-02 main DA Davidson Buy → Buy $68
2026-02-02 main Keefe, Bruyette & Woods Outperform → Outperform $63
2025-11-04 main Piper Sandler Overweight → Overweight $61
2025-07-29 main Piper Sandler Overweight → Overweight $58
2025-04-28 main Raymond James Outperform → Outperform $59
2025-04-28 main Piper Sandler Overweight → Overweight $58
2025-04-28 main Keefe, Bruyette & Woods Outperform → Outperform $59
2025-02-04 main Piper Sandler Overweight → Overweight $63
2025-02-03 main Raymond James Outperform → Outperform $62
2025-02-03 main Keefe, Bruyette & Woods Outperform → Outperform $60
2024-12-04 main Keefe, Bruyette & Woods Outperform → Outperform $58
2024-10-29 main Piper Sandler Overweight → Overweight $53
2024-08-05 up DA Davidson Neutral → Buy $50
2024-07-29 reit Keefe, Bruyette & Woods Outperform → Outperform $51
2024-07-29 main Piper Sandler Overweight → Overweight $56
2024-01-29 main Raymond James Outperform → Outperform $46
2023-08-17 init Piper Sandler — → Overweight $37
2023-07-31 main Raymond James Outperform → Outperform $40
News
RSS: Latest FBIZ news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-05-15 CHAMBAS COREY A Director — 710 $0.00 $0
2026-05-15 KILCOYNE GERALD L Director — 710 $0.00 $0
2026-05-15 GRAHAM JASON R Director — 710 $0.00 $0
2026-05-15 CHAVARRIA CARLA C Director — 710 $0.00 $0
2026-05-15 SEILER DAVID R Chief Executive Officer — 3,815 $0.00 $0
2026-05-15 LORENZ WILLIAM KENT Director — 710 $0.00 $0
2026-05-15 OLSZEWSKI DANIEL P. Director — 710 $0.00 $0
2026-05-15 BENSON LAURIE S. Director — 710 $0.00 $0
2026-04-10 CHAMBAS COREY A Chief Executive Officer — 10,370 $0.00 $0
2026-04-10 CHANDLER JODI A Officer — 2,080 $0.00 $0
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
168.63
+9.89%
153.46
+6.64%
143.90
+12.55%
127.85
Operating Revenue
168.63
+9.89%
153.46
+6.64%
143.90
+12.55%
127.85
Selling General And Administration
74.95
+8.02%
69.38
+4.83%
66.19
+8.26%
61.14
Selling And Marketing Expense
3.84
+9.27%
3.52
+21.77%
2.89
+22.73%
2.35
General And Administrative Expense
71.11
+7.96%
65.86
+4.06%
63.30
+7.68%
58.78
Salaries And Wages
67.87
+7.56%
63.10
+3.35%
61.06
+5.74%
57.74
Other Gand A
—
—
—
—
Reconciled Depreciation
3.77
+0.96%
3.74
+2.81%
3.64
-10.58%
4.07
Total Unusual Items
—
—
—
—
Total Unusual Items Excluding Goodwill
—
—
—
—
Special Income Charges
—
—
—
—
Net Income
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Pretax Income
60.45
+18.19%
51.15
+8.51%
47.14
-9.77%
52.24
Net Interest Income
136.69
+10.05%
124.21
+10.32%
112.59
+14.39%
98.42
Interest Expense
110.62
+1.56%
108.92
+32.29%
82.34
+258.80%
22.95
Interest Income
247.31
+6.08%
233.13
+19.60%
194.93
+60.61%
121.37
Gain On Sale Of Security
0.00
+100.00%
-0.01
+82.22%
-0.04
0.00
Tax Provision
10.13
+46.76%
6.91
-31.71%
10.11
-11.19%
11.39
Tax Rate For Calcs
0.00
+24.18%
0.00
-37.07%
0.00
-1.56%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Net Income From Continuing Operation Net Minority Interest
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Net Income From Continuing And Discontinued Operation
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Net Income Continuous Operations
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Normalized Income
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Net Income Common Stockholders
48.49
+14.54%
42.34
+20.23%
35.21
-9.87%
39.07
Otherunder Preferred Stock Dividend
0.95
-7.74%
1.03
+10.13%
0.94
-15.19%
1.11
Diluted EPS
5.94
+14.23%
5.20
+20.09%
4.33
-8.84%
4.75
Basic EPS
5.94
+14.23%
5.20
+20.09%
4.33
-8.84%
4.75
Basic Average Shares
8.16
+0.12%
8.15
+0.21%
8.13
-1.16%
8.23
Diluted Average Shares
8.16
+0.12%
8.15
+0.21%
8.13
-1.16%
8.23
Diluted NI Availto Com Stockholders
48.49
+14.54%
42.34
+20.23%
35.21
-9.87%
39.07
Insurance And Claims
3.23
+17.07%
2.76
+23.32%
2.24
+114.78%
1.04
Occupancy And Equipment
3.68
-0.08%
3.69
-0.91%
3.72
+7.89%
3.45
Other Non Interest Expense
15.87
+7.66%
14.74
+10.46%
13.34
+33.35%
10.01
Preferred Stock Dividends
0.88
+0.00%
0.88
+0.00%
0.88
+28.11%
0.68
Professional Expense And Contract Services Expense
5.02
-11.51%
5.67
+6.50%
5.33
+9.10%
4.88
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
4,081.89
+5.93%
3,853.22
+9.85%
3,507.85
+17.85%
2,976.61
Cash And Cash Equivalents
39.48
-74.96%
157.70
+13.04%
139.51
+35.87%
102.68
Cash Equivalents
8.71
-93.20%
128.21
+19.64%
107.16
+39.40%
76.87
Cash Financial
30.77
+4.33%
29.50
-8.82%
32.35
+25.33%
25.81
Other Short Term Investments
377.56
+10.59%
341.39
+14.94%
297.01
+40.08%
212.02
Receivables
13.10
+1.72%
12.88
-2.98%
13.28
+41.18%
9.40
Accounts Receivable
13.10
+1.72%
12.88
-2.98%
13.28
+41.18%
9.40
Other Receivables
—
—
—
12.15
Prepaid Assets
4.79
+13.50%
4.22
-1.12%
4.27
+11.72%
3.82
Net PPE
9.99
-8.63%
10.93
-14.28%
12.75
+5.98%
12.03
Gross PPE
20.96
+0.98%
20.75
-3.37%
21.48
+4.95%
20.46
Accumulated Depreciation
-10.97
-11.66%
-9.82
-12.57%
-8.73
-3.47%
-8.44
Machinery Furniture Equipment
10.07
+6.20%
9.48
+1.27%
9.36
+13.47%
8.25
Other Properties
5.32
-6.75%
5.70
-13.07%
6.56
-14.71%
7.69
Leases
5.57
+0.00%
5.57
+0.27%
5.56
+22.81%
4.53
Goodwill And Other Intangible Assets
11.98
+0.61%
11.91
-0.92%
12.02
-1.12%
12.16
Goodwill
10.69
-0.14%
10.70
+0.00%
10.70
+0.00%
10.70
Other Intangible Assets
1.30
+7.26%
1.21
-8.39%
1.32
-9.32%
1.46
Investments And Advances
495.66
+21.72%
407.20
+14.31%
356.23
+40.28%
253.95
Long Term Equity Investment
68.37
+15.74%
59.07
+293.11%
15.03
+10.50%
13.60
Total Liabilities Net Minority Interest
3,710.30
+5.27%
3,524.63
+9.52%
3,218.26
+18.49%
2,715.97
Payables And Accrued Expenses
—
—
—
19.36
Payables
—
—
—
19.36
Accounts Payable
—
—
—
19.36
Current Debt And Capital Lease Obligation
0.00
0.00
0.00
0.00
Current Debt
0.00
0.00
0.00
0.00
Long Term Debt And Capital Lease Obligation
259.41
-20.90%
327.98
-3.50%
339.87
-27.22%
466.98
Long Term Debt
252.05
-21.25%
320.05
-3.28%
330.92
-27.56%
456.81
Long Term Capital Lease Obligation
7.36
-7.13%
7.93
-11.48%
8.95
-12.00%
10.18
Stockholders Equity
371.58
+13.09%
328.59
+13.47%
289.59
+11.11%
260.64
Common Stock Equity
359.59
+13.58%
316.60
+14.05%
277.60
+11.64%
248.65
Capital Stock
12.09
+0.01%
12.09
+0.00%
12.09
+0.01%
12.09
Common Stock
0.10
+1.05%
0.10
+0.00%
0.10
+1.06%
0.09
Preferred Stock
11.99
+0.00%
11.99
+0.00%
11.99
+0.00%
11.99
Share Issued
9.49
+0.63%
9.43
+0.16%
9.42
+0.51%
9.37
Ordinary Shares Number
8.33
+0.38%
8.29
-0.25%
8.31
-0.57%
8.36
Treasury Shares Number
1.17
+2.47%
1.14
+3.26%
1.10
+9.38%
1.01
Additional Paid In Capital
96.49
+3.15%
93.55
+3.23%
90.62
+3.55%
87.51
Retained Earnings
305.54
+14.96%
265.78
+15.19%
230.73
+13.38%
203.51
Gains Losses Not Affecting Retained Earnings
-9.74
+14.75%
-11.43
+16.71%
-13.72
+10.40%
-15.31
Treasury Stock
32.79
+4.43%
31.40
+4.22%
30.13
+10.94%
27.16
Other Equity Adjustments
-9.74
+14.75%
-11.43
+16.71%
-13.72
+10.40%
-15.31
Total Equity Gross Minority Interest
371.58
+13.09%
328.59
+13.47%
289.59
+11.11%
260.64
Total Capitalization
623.64
-3.85%
648.64
+4.53%
620.50
-13.51%
717.45
Invested Capital
611.64
-3.93%
636.65
+4.62%
608.51
-13.74%
705.46
Total Debt
259.41
-20.90%
327.98
-3.50%
339.87
-27.22%
466.98
Net Debt
212.57
+30.93%
162.35
-15.18%
191.41
-45.95%
354.13
Capital Lease Obligations
7.36
-7.13%
7.93
-11.48%
8.95
-12.00%
10.18
Net Tangible Assets
359.60
+13.55%
316.68
+14.09%
277.56
+11.70%
248.48
Tangible Book Value
347.61
+14.09%
304.69
+14.73%
265.57
+12.30%
236.49
Available For Sale Securities
45.27
+1.99%
44.39
+24.36%
35.70
+127.51%
15.69
Cash Cash Equivalents And Federal Funds Sold
39.48
-74.96%
157.70
+13.04%
139.51
+35.87%
102.68
Derivative Product Liabilities
36.93
-35.29%
57.07
+9.85%
51.95
-15.42%
61.42
Held To Maturity Securities
4.46
-33.76%
6.74
-20.72%
8.50
-32.70%
12.63
Line Of Credit
0.00
0.00
0.00
0.00
Preferred Stock Equity
11.99
+0.00%
11.99
+0.00%
11.99
+0.00%
11.99
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
61.70
+7.31%
57.49
+9.94%
52.29
+35.31%
38.65
Cash Flow From Continuing Operating Activities
61.70
+7.31%
57.49
+9.94%
52.29
+35.31%
38.65
Net Income From Continuing Operations
50.32
+13.73%
44.24
+19.49%
37.03
-9.38%
40.86
Depreciation Amortization Depletion
3.77
+0.96%
3.74
+2.81%
3.64
-10.58%
4.07
Depreciation
3.77
+0.96%
3.74
+2.81%
3.64
-10.58%
4.07
Depreciation And Amortization
3.77
+0.96%
3.74
+2.81%
3.64
-10.58%
4.07
Other Non Cash Items
-5.03
+39.08%
-8.25
-528.01%
-1.31
-183.32%
1.58
Stock Based Compensation
2.80
+0.54%
2.79
-6.45%
2.98
+15.21%
2.58
Asset Impairment Charge
0.29
-27.93%
0.40
0.00
—
Deferred Tax
-1.56
+55.68%
-3.51
-265.71%
2.12
+373.55%
-0.78
Deferred Income Tax
-1.56
+55.68%
-3.51
-265.71%
2.12
+373.55%
-0.78
Operating Gains Losses
-0.32
-123.01%
1.37
-52.25%
2.87
+232.30%
-2.17
Gain Loss On Investment Securities
—
0.18
0.00
0.00
Gain Loss On Sale Of PPE
—
0.01
-86.30%
0.07
0.00
Change In Working Capital
-3.15
-283.77%
1.71
+122.99%
-7.45
-51.15%
-4.93
Change In Receivables
20.80
+233.55%
6.24
+129.17%
-21.38
-176.64%
-7.73
Changes In Account Receivables
20.80
+233.55%
6.24
+129.17%
-21.38
-176.64%
-7.73
Change In Payables And Accrued Expense
-21.19
-637.40%
-2.87
-118.63%
15.42
+206.86%
5.03
Change In Payable
-21.19
-637.40%
-2.87
-118.63%
15.42
+206.86%
5.03
Change In Account Payable
-21.19
-637.40%
-2.87
-118.63%
15.42
+206.86%
5.03
Change In Other Working Capital
-2.75
-67.07%
-1.65
-10.37%
-1.49
+32.91%
-2.23
Investing Cash Flow
-373.38
-13.67%
-328.47
+35.19%
-506.85
-106.65%
-245.27
Cash Flow From Continuing Investing Activities
-373.38
-13.67%
-328.47
+35.19%
-506.85
-106.65%
-245.27
Net PPE Purchase And Sale
-0.59
-208.29%
-0.19
+93.31%
-2.88
+10.52%
-3.22
Purchase Of PPE
-0.59
-166.82%
-0.22
+92.27%
-2.88
+10.52%
-3.22
Sale Of PPE
0.00
-100.00%
0.03
0.00
0.00
Capital Expenditure
-0.59
-166.82%
-0.22
+92.27%
-2.88
+10.52%
-3.22
Net Investment Purchase And Sale
-83.16
-35.31%
-61.46
+39.28%
-101.22
-148.27%
-40.77
Purchase Of Investment
-153.71
+6.97%
-165.23
-24.66%
-132.54
-49.42%
-88.70
Sale Of Investment
70.55
-32.01%
103.77
+231.30%
31.32
-34.66%
47.93
Net Business Purchase And Sale
—
0.00
0.00
-100.00%
0.32
Net Other Investing Changes
-21.33
-5190.45%
0.42
-92.74%
5.77
+322.30%
-2.60
Financing Cash Flow
193.47
-33.10%
289.17
-41.15%
491.38
+94.84%
252.19
Cash Flow From Continuing Financing Activities
193.47
-33.10%
289.17
-41.15%
491.38
+94.84%
252.19
Net Issuance Payments Of Debt
-68.00
-525.73%
-10.87
+91.37%
-125.89
-390.86%
43.28
Issuance Of Debt
1,047.15
-9.14%
1,152.51
-27.00%
1,578.85
-35.36%
2,442.43
Repayment Of Debt
-1,115.15
+4.15%
-1,163.38
+31.76%
-1,704.74
+28.94%
-2,399.15
Long Term Debt Issuance
1,047.15
-9.14%
1,152.51
-27.00%
1,578.85
-35.36%
2,442.43
Long Term Debt Payments
-1,115.15
+4.15%
-1,163.38
+31.76%
-1,704.74
+28.94%
-2,399.15
Net Long Term Debt Issuance
-68.00
-525.73%
-10.87
+91.37%
-125.89
-390.86%
43.28
Net Short Term Debt Issuance
—
—
-6.01
-17.17%
-5.13
Net Common Stock Issuance
-1.39
-9.45%
-1.27
+57.25%
-2.97
+51.50%
-6.13
Common Stock Payments
-1.39
-9.45%
-1.27
+57.25%
-2.97
+51.50%
-6.13
Common Stock Dividend Paid
-9.69
-16.42%
-8.32
-9.79%
-7.58
-13.31%
-6.69
Cash Dividends Paid
-10.56
-14.86%
-9.20
-8.78%
-8.45
-14.68%
-7.37
Repurchase Of Capital Stock
-1.39
-9.45%
-1.27
+57.25%
-2.97
+51.50%
-6.13
Proceeds From Stock Option Exercised
0.14
-0.69%
0.14
+12.50%
0.13
-4.48%
0.13
Changes In Cash
-118.22
-749.83%
18.19
-50.60%
36.83
-19.19%
45.57
Beginning Cash Position
157.70
+13.04%
139.51
+35.87%
102.68
+79.80%
57.11
End Cash Position
39.48
-74.96%
157.70
+13.04%
139.51
+35.87%
102.68
Free Cash Flow
61.10
+6.69%
57.27
+15.91%
49.41
+39.48%
35.42
Interest Paid Supplemental Data
111.38
+1.61%
109.61
+45.12%
75.53
+275.60%
20.11
Income Tax Paid Supplemental Data
3.31
+1993.04%
0.16
-97.88%
7.46
-7.24%
8.04
Amortization Of Securities
5.67
-5.39%
5.99
+47.84%
4.05
+291.59%
1.03
Dividends Received CFI
0.04
-74.14%
0.17
+72.28%
0.10
-78.69%
0.47
Excess Tax Benefit From Stock Based Compensation
0.24
+27.42%
0.19
-4.12%
0.19
-26.52%
0.26
Issuance Of Capital Stock
—
0.00
0.00
-100.00%
11.99
Net Preferred Stock Issuance
—
0.00
0.00
-100.00%
11.99
Preferred Stock Dividend Paid
-0.88
+0.00%
-0.88
+0.00%
-0.88
-28.11%
-0.68
Preferred Stock Issuance
—
0.00
0.00
-100.00%
11.99
Sale Of Business
—
0.00
0.00
-100.00%
0.32
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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