FBIZ · First Business Financial Services, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - | - | - | - | - |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | - | - | - | - | - | - | - | - | - | - |
| Operating Income | $14.38M | - | $17.39M | $13.37M | $13.46M | - | $12.88M | $12.37M | $10.60M | - |
| Interest Expense | - | - | - | - | - | - | - | $27.37M | $26.27M | - |
| Income Tax | $2.18M | - | $2.99M | $1.95M | $2.29M | - | $2.35M | $1.92M | $1.75M | - |
| Net Income | $12.20M | - | $14.39M | $11.42M | $11.17M | - | $10.53M | $10.46M | $8.85M | - |
| EPS - Basic | $1.44 | - | $1.70 | $1.35 | $1.32 | - | $1.24 | $1.23 | $1.04 | - |
| EPS - Diluted | $1.44 | - | $1.70 | $1.35 | $1.32 | - | $1.24 | $1.23 | $1.04 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $137.13M | $39.48M | $44.35M | $123.21M | $170.62M | $157.70M | $131.97M | $81.08M | $72.04M | $139.51M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $4.32B | $4.08B | $4.03B | $4.00B | $3.94B | $3.85B | $3.72B | $3.62B | $3.53B | $3.51B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | - | - | - | - | - | - | - | - | - | - |
| Total Liabilities | $3.94B | $3.71B | $3.68B | $3.66B | $3.61B | $3.52B | $3.40B | $3.31B | $3.23B | $3.22B |
| Stockholders' Equity | $380.08M | $371.58M | $358.32M | $344.80M | $336.06M | $328.59M | $311.98M | $305.17M | $297.79M | $289.59M |
| Retained Earnings | $314.62M | $305.54M | $294.84M | $283.08M | $274.29M | $265.78M | $253.66M | $245.43M | $237.27M | $230.73M |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $3.05M | - | - | - | $11.30M | - | - | - | $8.68M | - |
| Investing Cash Flow | ($138.50M) | - | - | - | ($97.43M) | - | - | - | ($82.73M) | - |
| Financing Cash Flow | $233.09M | - | - | - | $99.04M | - | - | - | $6.58M | - |
| CapEx | $135.0K | - | - | - | $397.0K | - | - | - | $397.0K | - |
| Free Cash Flow | $2.92M | - | - | - | $10.90M | - | - | - | $8.29M | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | - | - | - | - | - | - | - | - | - | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | 0.24 | - | - | - | 0.98 | - | - | - | 0.94 | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - | - | - | - | - |
| Effective tax rate | 15.2% | - | 17.2% | 14.6% | 17.0% | - | 18.3% | 15.5% | 16.5% | - |
| Return on assets | 0.3% | - | 0.4% | 0.3% | 0.3% | - | 0.3% | 0.3% | 0.3% | - |
| Return on equity | 3.2% | - | 4.0% | 3.3% | 3.3% | - | 3.4% | 3.4% | 3.0% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | - | - | - | - | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | 0.5x | 0.4x | - |
| Equity multiplier | 11.37 | 10.99 | 11.26 | 11.61 | 11.74 | 11.73 | 11.91 | 11.85 | 11.86 | 12.11 |
| Liabilities / Assets | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.91 | 0.92 | 0.92 | 0.92 | 0.92 |
| Efficiency | ||||||||||
| Asset turnover | - | - | - | - | - | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 37.5x | - | 30.2x | 37.5x | 35.7x | - | 36.8x | 30.1x | 36.1x | - |
| P / B | 1.2x | - | 1.2x | 1.2x | 1.1x | - | 1.2x | 1.0x | 1.0x | - |
| P / S | - | - | - | - | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| Revenue CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | 6.8% | - | 35.0% | 8.1% | 27.0% | - | 7.1% | 13.9% | -10.1% | - |
| Net income growth (YoY) | 9.2% | - | 36.7% | 9.2% | 26.3% | - | 5.9% | 25.4% | -1.5% | - |
| EPS growth (YoY) | 9.1% | - | 37.1% | 9.8% | 26.9% | - | 6.0% | 25.5% | -1.0% | - |
| EPS CAGR (3y) | 11.1% | - | 10.8% | 1.5% | 9.0% | - | 5.0% | 9.0% | -2.4% | - |
| EPS CAGR (5y) | 5.2% | - | 27.7% | 28.9% | 28.3% | - | 16.0% | 10.4% | 9.2% | - |
| FCF growth (YoY) | -73.3% | - | - | - | 31.6% | - | - | - | -9.1% | - |
| FCF CAGR (5y) | -15.4% | - | - | - | 57.1% | - | - | - | -4.9% | - |
| Book value growth (YoY) | 13.1% | 13.1% | 14.9% | 13.0% | 12.9% | 13.5% | 11.1% | 11.9% | 11.7% | 11.1% |
Peer comparison
Same SIC group: State Commercial Banks
Comparing FIRST BUSINESS FINANCIAL SERVICES against the 5 most active filers in the same SIC group.
Dividends
$1.26/share trailing 12 months · +16.7% YoY
| Ex-date | Per share |
|---|---|
| May 6, 2026 | $0.3400 |
| Feb 13, 2026 | $0.3400 |
| Nov 19, 2025 | $0.2900 |
| Aug 11, 2025 | $0.2900 |
| May 9, 2025 | $0.2900 |
| Feb 14, 2025 | $0.2900 |
| Nov 7, 2024 | $0.2500 |
| Aug 8, 2024 | $0.2500 |
| May 8, 2024 | $0.2500 |
| Feb 7, 2024 | $0.2500 |
| Nov 3, 2023 | $0.2280 |
| Aug 4, 2023 | $0.2280 |
| May 5, 2023 | $0.2280 |
| Feb 3, 2023 | $0.2280 |
| Nov 4, 2022 | $0.1980 |
| Aug 5, 2022 | $0.1980 |
| May 6, 2022 | $0.1980 |
| Feb 4, 2022 | $0.1980 |
| Nov 5, 2021 | $0.1800 |
| Aug 6, 2021 | $0.1800 |
| May 7, 2021 | $0.1800 |
| Feb 5, 2021 | $0.1800 |
| Oct 30, 2020 | $0.1650 |
| Jul 31, 2020 | $0.1650 |