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First Business Financial Services, Inc. FBIZ

Growth Flags show if company had growth for consecutive years ,
Insider Buys alert about insiders buying in the last 12 month

We limit data available in the Overview Report for users who do not have Powerpack

Get access to target analyst prices, predictions, compound annual growth rates and more than four years of historical data.

Insider Decisions

Total buys
0.00
Total sells
0.05
in millions of $
Nov 25 Feb 26 May 26 Aug 26
Buy 1
Sell 1
Insider Ownership
6.31%

Capital & Financial Ratios

Market Cap
598.25
Revenue
287.86
Net Income
55.51
Free Cash Flow
80.95
Net Debt
183.44
Current Ratio
1.06
Debt/Equity
0.88
P/E ratio
10.79
P/S ratio
2.02
P/B ratio
1.52
Past 5Y EPS Growth
14.16%
This Y EPS Growth
9.76%
Next Y EPS Growth
6.23%
Next 5Y EPS Growth
8.42%
in millions of $

Dividends

Payout Ratio
0.19
Annual Dividend Rate
0.91
Annual Dividend Yield
2.69%
total individual payouts
2027 ‡‡‡‡‡
2026 1.36
2025 1.16
2024 1.25
2023 0.91
2022 0.79
2021 0.72
2020 0.66
2019 0.60
2018 0.56
2017 0.52
2016 0.48
predictions in italic, special payouts not included in total or ratios

Assets vs Liabilities

2023 2024 2025 Q'26
Cash 139.51 157.70 39.49 163.36
Receivables
Inventory
Other
3,054.14 3,347.60 3,503.17 3,830.06
2023 2024 2025 Q'26
Payables 2,796.78 3,107.14 3,380.42 3,592.17
ST’ Debt
Other
2,826.44 3,139.58 3,413.96 3,621.47
in millions of $

Compound Annual Growth

10y 5y 3y
Sales ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Cash Flow ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Earnings ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡
Book Value ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡

Revenue

Mar Jun Sep Dec Year
’26 70.67 73.59
’25 67.11 68.54 73.39 70.22
279.25
’24 62.54 65.34 66.39 68.12
262.38
’23 50.47 54.54 59.37 61.86
226.24
’22 31.62 33.90 39.98 45.29
150.80
’21 31.00 30.92 31.03 31.15
124.10
’20 29.79 29.08 29.68 32.57
121.12
in millions of $

Operating Cash Flow

Mar Jun Sep Dec Year
’26 3.05 43.79
’25 11.30 15.85 18.41 16.14
61.70
’24 8.68 13.05 13.79 21.96
57.49
’23 9.91 12.55 16.50 13.33
52.29
’22 2.10 14.68 14.61 7.26
38.65
’21 6.83 8.14 9.79 11.23
35.99
’20 1.23 0.08 4.11 21.22
26.64
in millions of $

Free Cash Flow

Mar Jun Sep Dec Year
’26 2.92 43.67
’25 11.22 15.52 18.26 16.10
61.10
’24 8.32 12.65 14.41 21.92
57.30
’23 9.11 12.10 15.18 13.02
49.41
’22 2.04 14.27 13.24 5.88
35.42
’21 6.74 8.11 9.69 11.11
35.65
’20 1.14 0.03 4.05 21.16
26.37
in millions of $

EPS

Mar Jun Sep Dec Year
’26 1.44 1.84
’25 1.32 1.35 1.70 1.58
5.94
’24 1.04 1.23 1.24 1.71
5.20
’23 1.05 0.98 1.17 1.15
4.33
’22 1.02 1.29 1.25 1.18
4.75
’21 1.12 0.95 1.07 1.01
4.17
’20 0.38 0.38 0.50 0.71
1.97

Target Price Range

High
‡‡‡‡‡
‡‡‡‡
Average
‡‡‡‡‡
‡‡‡‡
Low
‡‡‡‡‡
‡‡‡‡

Recommendation Rating

1.2
1
Buy
2
3
Hold
4
5
Sell
2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 28.97 24.57 32.56 42.18
Low Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 39.88 41.03 52.22 58.41
High Price
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 345 349 353 371
Employees
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 0.44 0.65 0.74 0.75
Revenue/Emp
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 150.80 226.24 262.38 279.25 ‡‡‡‡‡ ‡‡‡‡‡
Revenue
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 84.78% 63.60% 58.49% 60.39%
Gross Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 52.24 47.14 51.15 60.45
EBT
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 34.64% 20.84% 19.49% 21.65% ‡‡‡ ‡‡‡
EBT Margin
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 40.86 37.03 44.25 50.32 ‡‡‡‡‡ ‡‡‡‡‡
Net Income
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.10 7.69 9.73 9.44
Depreciation
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 18.33 27.82 32.20 34.23 ‡‡‡‡‡ ‡‡‡‡‡
Revenue/Sh
‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ 4.75 4.33 5.20 5.94 ‡‡‡‡‡ ‡‡‡‡‡
Earnings/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.70 6.43 7.06 7.56
Cash Flow/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (0.39) (0.35) (0.02) (0.07) ‡‡‡ ‡‡‡
Capex/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 4.31 6.08 7.03 7.49
Free CF/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 31.68 35.61 40.33 45.55
Book Value/Sh
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 8.23 8.13 8.15 8.16 ‡‡‡‡‡ ‡‡‡‡‡
Shares
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 7.65 9.30 8.87 9.13 ‡‡‡‡ ‡‡‡‡
PE Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.98 1.45 1.44 1.59 ‡‡‡ ‡‡‡
PS Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.20 1.18 1.19 1.23 ‡‡‡ ‡‡‡
PB Ratio
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 5.90 2.75 2.45 2.72 ‡‡‡ ‡‡‡‡
EV/Sales
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 25.13 12.61 11.21 12.41
EV/FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 38.65 52.29 57.49 61.70 ‡‡‡ ‡‡‡
Op' Cash Flow
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ (3.22) (2.88) (0.19) (0.59)
Capex
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 35.42 49.41 57.30 61.10
FCF
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 399.69 227.70 208.02 89.21
Working Cap'
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 694.81 330.92 320.05 252.05
Total Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 592.13 191.41 162.35 212.57
Net Debt
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 260.64 289.59 328.59 371.59
Sh' Equity
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 1.39% 1.09% 1.15% 1.22%
ROA
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 3.83% 6.13% 6.51% 6.47%
ROIC
‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ ‡‡‡‡‡ 16.24% 13.38% 14.25% 14.34%
ROE
predictions in italic, sparklines do not include predictions

Analyst Commentary (Summary)

First Business Financial Services, Inc. (FBIZ), a steady Midwest specialty finance and business banking player, has built resilient growth with revenue compounding at 13% annually over nine years to $262 million in 2024, driven by operational efficiency—revenue per employee doubled to $743,000 despite modest headcount growth. The company navigated COVID disruptions via PPP windfalls and aggressively deleveraged, halving total debt to $320 million and boosting ROIC to 6.5%, strengthening its balance sheet amid 2023’s banking stresses. Trading 17% below average analyst targets and at a forward P/E of 9-10x, FBIZ appears undervalued relative to EPS growth from $1.71 to $5.20 and superior ROE of 14.3% versus sector medians.

Profitability remains robust, with free cash flow per share up 136% to $7.03 and book value per share compounding at 16% annually to $40.33, funding dividends and buybacks without strain. Insider confidence shines through recent buys totaling over $529,000 with no sells, signaling alignment amid a stock that quadrupled from pandemic lows. However, margin compression from expansion into lower-spread leasing and a projected 2025 revenue dip to $169 million introduce caution, though analysts expect net income and EPS to climb steadily through 2027.

For risk-averse investors, FBIZ’s cash-generative profile and deleveraged position outweigh near-term revenue softness and rate risks, offering potential 15-20% annualized returns if execution holds, making it a compelling steady performer worth deeper review.

First Business Financial Services, Inc. (FBIZ) Latest News

News by impact score

Fine-tune

7 Aug

3 transcript www.fool.com, 10:30 PM
FBIZ held its Q2 2026 earnings call covering financial results, performance metrics and management outlook. Earnings call provides financial results and guidance that may influence near-term investor sentiment.

3 Aug

3 , 9:05 PM
First Business Financial Services Inc (FBIZ) posted record EPS in its Q2 2026 earnings call. Record quarterly EPS indicates solid financial results that can lift near-term stock sentiment without altering long-term strategy.

31 Jul

3 transcript www.marketbeat.com, 10:04 AM
First Business Financial Services held its Q2 earnings call, highlighting financial results, operational metrics and forward outlook for FBIZ. Quarterly earnings updates typically affect near-term sentiment and valuation without altering long-term strategy.

3 app.moby.co, 8:30 AM
First Business Financial Services, Inc. held its Q2 2026 earnings call covering quarterly financial results, operational updates, and forward guidance. Quarterly earnings call delivers updated results and outlook that can shift near-term valuation but rarely transforms long-term strategy.

30 Jul

3 , 4:01 PM
First Business Bank announced second quarter 2026 financial results. Quarterly earnings release supplies performance data that shapes near-term investor assessment of operations.

3 May

3 Simply Wall St., 8:16 PM
First Business Financial Services (FBIZ) narrative shifts amid new analyst targets and emerging risks. New targets and risks point to moderately noticeable effects on FBIZ's financial performance and market sentiment.

27 Apr

3 www.marketbeat.com, 10:39 AM
First Business Financial Services, Inc. (FBIZ) released Q1 earnings call highlights detailing financial performance, strategic updates, and forward guidance. Q1 earnings call highlights affect financial performance and investor sentiment but remain part of routine quarterly reporting.

24 Apr

4 app.moby.co, 8:30 AM
First Business Financial Services, Inc. (FBIZ) released its Q1 2026 earnings call summary, highlighting quarterly financial performance and forward guidance. Quarterly earnings summaries reveal financial results and outlook that significantly impact stock performance and investor sentiment.

23 Apr

4 Zacks, 7:30 PM
First Business Financial Services (FBIZ) reported Q1 earnings, analyzing key metrics for performance insights. Q1 earnings reports significantly influence FBIZ's financial trajectory and market sentiment.

4 Zacks, 5:55 PM
First Business Financial Services, Inc. (FBIZ) beat Q1 earnings and revenue estimates. Beating Q1 earnings and revenue estimates signals robust financial performance, likely enhancing investor sentiment and stock trajectory.

4 Business Wire, 4:05 PM
First Business Bank announced First Quarter 2026 financial results. Quarterly earnings announcements significantly impact FBIZ stock performance and investor perceptions.

19 Apr

3 Simply Wall St., 7:06 AM
First Business Financial Services (FBIZ) investment story shifts as fair value assessments undergo rework, prompting reevaluation of the company's narrative. Fair value rework signals moderate influence on FBIZ's financials and investor sentiment without fundamentally altering long-term trajectory.

3 Apr

3 Simply Wall St., 9:08 AM
Analyst resets are shifting the narrative around First Business Financial Services (FBIZ), signaling changing investor perceptions and potential market implications. Analyst resets indicate a moderately noticeable shift in narrative, influencing investor sentiment and short-term market performance.

1 Apr

3 Simply Wall St., 6:37 AM
Analysis questions whether First Business Financial Services (NASDAQ:FBIZ) recent earnings justify investor attention amid evaluation of profitability, growth, and valuation metrics. Earnings review highlights potential effects on FBIZ financial performance and investor sentiment without indicating transformative changes.

19 Feb

3 Simply Wall St., 3:06 PM
Analysts highlight factors changing the investment story for First Business Financial Services (FBIZ), signaling shifts in outlook. Analyst narrative shifts for FBIZ suggest moderate influence on financial performance and market sentiment.

5 Feb

4 Simply Wall St., 1:11 PM
First Business Financial Services, Inc. (FBIZ) is experiencing a shift in narrative due to several catalysts, including strategic initiatives aimed at enhancing operational efficiency and expanding market reach. The company is focusing on improving its digital banking services and strengthening its commercial lending portfolio. These efforts are expected to drive growth and improve financial performance, positioning FBIZ favorably in a competitive landscape. Additionally, market conditions and regulatory changes are influencing the company's strategic direction, potentially leading to increased investor interest. Strategic initiatives and market conditions are likely to significantly impact FBIZ's future performance and investor sentiment.

3 Feb

3 Simply Wall St., 8:05 AM
First Business Financial Services, Inc. (FBIZ) has announced an increase in its dividend to $0.34 per share. This decision reflects the company's commitment to returning value to its shareholders and indicates a positive outlook on its financial health. The dividend increase suggests a moderately positive influence on investor sentiment and financial performance.

30 Jan

4 GuruFocus.com, 8:03 PM
First Business Financial Services, Inc. (FBIZ) reported strong earnings for Q4 2025, highlighting a significant increase in earnings per share (EPS). The company attributed this growth to effective cost management and an increase in loan demand. Management expressed optimism about future performance, citing strategic initiatives aimed at expanding market presence and enhancing customer service. Overall, the earnings call reflected a positive outlook for the company moving forward. Strong EPS growth and strategic initiatives indicate significant potential for future performance improvement.

4 transcript www.marketbeat.com, 5:10 PM
First Business Financial Services, Inc. reported its Q4 earnings, highlighting key financial metrics and strategic initiatives. The company demonstrated growth in net income and assets, driven by increased loan demand and effective cost management. Management discussed plans for future expansion and investment in technology to enhance customer service. Overall, the earnings call reflected a positive outlook for the company amidst a competitive banking environment. Significant growth in net income and strategic initiatives indicate a strong potential for future performance.

29 Jan

4 Zacks, 5:40 PM
First Business Financial Services, Inc. (FBIZ) reported better-than-expected earnings for Q4, surpassing analysts' estimates. The company's strong performance was attributed to increased loan demand and effective cost management strategies. FBIZ's revenue growth and improved net interest margin contributed to the positive results, reflecting its solid position in the financial services sector. Investors reacted favorably to the news, indicating confidence in the company's future prospects. Strong earnings performance and positive market reaction suggest significant impact on future growth and investor sentiment.

4 Business Wire, 4:05 PM
First Business Bank reported its financial results for the fourth quarter of 2025, highlighting a 17% increase in cash dividends. The bank's performance reflects strong operational results and a commitment to returning value to shareholders. This increase in dividends signals confidence in the bank's financial health and future prospects. The significant cash dividend increase indicates strong financial performance and a positive outlook for future growth.

3 , 7:30 PM
First Business Financial Services, Inc. (FBIZ) reported its Q4 earnings, highlighting key metrics that were compared against estimates. The results showed a performance that met or exceeded expectations in several areas, indicating a stable financial position and potential for growth. Analysts are analyzing these figures to gauge the company's future trajectory and market sentiment. The earnings report reflects moderately noticeable influences on financial performance and market positioning.

3 Associated Press Finance, 4:45 PM
First Business Financial Services, Inc. (FBIZ) reported its Q4 earnings, showcasing a notable performance with increased revenues and improved net income compared to the previous quarter. The bank's strategic initiatives and focus on customer service contributed to its growth, despite challenges in the broader economic environment. Management expressed optimism about future prospects, highlighting ongoing investments in technology and expansion efforts. Overall, the results reflect a solid financial position and a commitment to enhancing shareholder value. The earnings report indicates moderate growth and strategic initiatives that may positively influence financial performance.

18 Dec

3 Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St.Simply Wall St., 12:38 PM
Insiders at First Business Financial Services, Inc. (FBIZ) have purchased a total of US$529.5k worth of stock, signaling strong confidence in the company's future. This buying activity suggests that those with the most insight into the company's operations believe in its potential for growth and stability. Such insider transactions can often be viewed positively by investors, as they may indicate that executives expect the company's stock to perform well in the future. Insider buying can positively influence market sentiment and investor confidence, but its overall impact on the company's trajectory is expected to be limited.

28 Nov

4 Simply Wall St., 5:37 AM
First Business Financial Services, Inc. (FBIZ) has delivered impressive returns of 201% to its investors over the past five years, reflecting strong performance and growth in the financial sector. The company's strategic initiatives and market positioning have contributed to this significant appreciation in stock value, highlighting its resilience and potential for future success. The substantial returns indicate a significant positive impact on investor sentiment and future performance.

1 Nov

4 Simply Wall St., 5:22 AM
First Business Financial Services, Inc. (FBIZ) has reported significant margin improvements, which bolster a positive outlook as earnings growth accelerates. The company is experiencing enhanced financial performance, indicating a strong operational trajectory and increased investor confidence. Margin improvements and accelerated earnings growth are likely to significantly impact future performance and investor sentiment.

30 Oct

4 Zacks, 5:55 PM
First Business Financial Services, Inc. (FBIZ) reported Q3 earnings and revenues that exceeded analysts' expectations. The company's strong performance reflects effective management strategies and growth in key areas, contributing to positive market sentiment. Investors reacted favorably to the results, indicating confidence in FBIZ's future prospects. Earnings exceeding estimates can significantly influence investor sentiment and the company's market performance.

4 , 4:53 PM
First Business Financial Services, Inc. (FBIZ) reported its Q3 earnings, highlighting a notable increase in net income and improved loan growth. The company experienced a rise in total assets and deposits, reflecting strong operational performance. Management expressed optimism about future growth prospects, driven by strategic initiatives and market conditions. Overall, the results indicate a positive trajectory for FBIZ in the competitive financial services landscape. The significant increase in net income and loan growth suggests a strong operational performance that could positively influence future market positioning.

3 , 7:00 PM
First Business Financial Services, Inc. (FBIZ) reported its Q3 earnings, highlighting key metrics that were compared against estimates. The results showed a mix of performance indicators, reflecting the company's current financial health and operational efficiency. Analysts are assessing the implications of these results on future growth and market positioning. The earnings report indicates moderate influences on financial performance and market sentiment, but overall effects are expected to be balanced.

3 Business Wire, 4:01 PM
First Business Bank reported a net income of $14.2 million for the third quarter of 2025, reflecting strong financial performance. The bank's results indicate growth in various sectors, contributing to an overall positive outlook for the institution. This performance is attributed to effective management strategies and an increase in customer engagement, positioning First Business Financial Services, Inc. favorably in the competitive banking landscape. The reported net income suggests a moderately noticeable influence on financial performance and market sentiment.

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