YOLFTbeta
First Business Financial Services

First Business Financial Services

FBIZ · NASDAQ · Financial Services / Banks - Regional

75.31USD+0.24 (+0.32%)

Price History

Full chart

Market Stats

Previous Close75.07
Open75.06
Day Range74.29 – 75.47
52-Week Range45.05 – 73.74
Volume31.70K
Market Cap590.22M
P/E (TTM)10.75
Forward P/E8.96
EPS6.56
Dividend Yield1.94%
Beta0.65
50-Day Avg70.09
200-Day Avg60.37

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.

Company Details

  • SectorFinancial Services
  • IndustryBanks - Regional
  • CEOMr. David R. Seiler
  • Employees355
  • Headquarters401 Charmany Drive, Madison, WI, United States, 53719, USA
  • Websitehttps://www.firstbusiness.bank

Leadership

  • Mr. David R. SeilerPresident, CEO & Director · b. 1965
  • Mr. Brian S. Spielmann CPA, M.B.A.CFO & Treasurer · b. 1983
  • Mr. Bradley A. QuadeExecutive VP & Chief Credit Officer · b. 1966
  • Mr. Kevin D. Crampton CPAChief Accounting Officer · b. 1986
  • Mr. Daniel S. OvokaitysChief Information Officer · b. 1974
  • Ms. Jodie JohnsonSenior Director of Marketing & Communications
  • Ms. Jodi A. ChandlerChief Human Resources Officer & Assistant Corporate Secretary · b. 1965
  • Mr. Bill ElliottPresident of Accounts Receivable Financing at First Business Specialty Finance, LLC
  • Mr. Chris DoeringSenior VP & Director of Commercial Banking
  • Mr. Josh HoeschPresident of Greater Dane County Market

Financials

Income Statement

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue11.48M3.61M14.08M31.40M40.75M51.33M63.90M64.88M62.81M63.37M63.28M63.47M62.25M67.80M89.48M92.41M89.69M107.36M121.37M118.72M124.09M150.80M89.23M262.38M279.25M
Growth (%)--68.54%+289.76%+123.01%+29.75%+25.98%+24.49%+1.52%-3.19%+0.90%-0.15%+0.30%-1.91%+8.92%+31.97%+3.28%-2.95%+19.70%+13.05%-2.18%+4.52%+21.52%-40.83%+194.06%+6.43%
Cost of Revenue17.16M18.58M11.88M10.73M19.13M30.21M39.18M37.81M36.55M31.72M25.01M21.13M10.75M12.81M17.22M24.68M23.61M31.34M34.46M33.92M5.53M19.08M-8.18M117.75M119.28M
Gross Profit11.48M3.61M2.21M20.67M21.61M21.13M24.72M27.06M26.26M31.65M38.27M42.34M51.51M55.00M72.27M67.74M66.08M76.02M86.91M84.81M118.56M131.72M89.23M144.63M159.97M
Gross Margin100.00%100.00%15.66%65.82%53.05%41.15%38.68%41.72%41.81%49.95%60.48%66.71%82.74%81.11%80.76%73.30%73.67%70.81%71.61%71.43%95.54%87.35%100.00%55.12%57.29%
Operating Expense-6.16M-10.64M-5.06M13.16M14.40M15.70M19.66M21.88M24.50M28.36M26.40M28.66M30.37M33.77M47.37M50.67M51.85M58.37M62.41M66.50M71.53M79.47M66.58M93.48M99.52M
Operating Income17.65M14.25M7.26M7.51M7.21M5.43M5.06M5.18M1.76M3.29M11.87M13.68M21.14M21.22M24.89M17.07M14.23M17.65M24.50M18.30M47.03M52.24M22.65M51.15M60.45M
Operating Margin153.64%394.44%51.57%23.93%17.70%10.57%7.92%7.98%2.80%5.19%18.77%21.55%33.95%31.30%27.82%18.47%15.87%16.44%20.19%15.42%37.90%34.64%25.38%19.49%21.65%
EBITDA17.65M14.25M8.28M8.70M8.17M6.03M5.54M5.72M2.60M4.88M14.28M16.73M23.46M23.09M24.80M18.58M15.79M19.13M27.55M21.77M50.58M56.31M22.65M54.89M64.23M
EBITDA Margin153.64%394.44%58.76%27.69%20.05%11.75%8.67%8.81%4.15%7.71%22.56%26.36%37.68%34.06%27.72%20.11%17.61%17.82%22.70%18.34%40.76%37.34%25.38%20.92%23.00%
Net Income2.43M-187.00K5.65M4.26M4.76M3.75M3.26M3.12M1.04M941.00K8.43M8.93M13.75M14.14M16.51M14.91M11.90M16.30M23.32M16.98M35.76M40.86M17.32M44.24M50.32M
Net Income Margin21.12%-5.18%40.11%13.56%11.67%7.30%5.10%4.82%1.66%1.48%13.31%14.06%22.08%20.85%18.46%16.13%13.27%15.19%19.22%14.30%28.81%27.09%19.41%16.86%18.02%
R&D----------00000000-------
R&D as % of Total Revenue----------0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%-------
Interest Expense15.22M14.97M11.68M11.27M18.73M28.69M36.28M33.52M28.32M24.68M20.76M16.89M11.71M11.57M13.83M14.79M15.20M23.93M32.18M17.11M11.33M22.95M34.77M108.92M110.62M
Interest Expense % of Total Revenue132.52%414.23%82.92%35.90%45.97%55.89%56.77%51.66%45.09%38.94%32.80%26.61%18.80%17.07%15.46%16.00%16.95%22.29%26.52%14.41%9.13%15.22%38.97%41.51%39.61%

Balance Sheet

Currency: USD2001-12-312002-12-312003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets410.22M480.06M518.47M562.95M669.25M788.32M918.44M1.01B1.12B1.11B1.18B1.23B1.27B1.63B1.78B1.78B1.79B1.97B2.10B2.57B2.65B2.98B3.51B3.85B4.08B
Total Liabilities388.84M459.24M492.48M524.77M627.41M742.57M869.89M957.78M1.06B1.05B1.11B1.13B1.16B1.49B1.63B1.62B1.62B1.79B1.90B2.36B2.42B2.72B3.22B3.52B3.71B
Total Equity21.38M20.82M25.99M38.18M41.84M45.76M48.55M53.01M54.39M55.34M64.21M99.54M109.28M137.75M150.83M161.65M169.28M180.71M194.16M206.16M232.42M260.64M289.59M328.59M371.58M
Cash--12.46M8.67M16.57M19.21M17.42M19.22M8.57M9.45M130.09M85.59M81.29M103.24M113.56M77.52M52.54M86.55M67.10M56.91M57.11M102.68M139.51M157.70M30.77M
Total Debt--30.12M40.29M50.07M92.97M81.99M104.84M67.83M51.82M50.61M22.72M22.25M44.31M55.60M80.04M217.92M308.98M336.97M435.62M418.93M466.98M339.87M327.98M259.41M
Net Debt--17.66M31.62M33.50M73.75M64.56M85.63M59.26M42.37M-79.49M-62.87M-59.03M-58.93M-68.02M-7.84M165.38M222.43M269.87M378.71M361.82M364.30M200.36M170.27M228.64M

Cash Flow

Currency: USD2003-12-312004-12-312005-12-312006-12-312007-12-312008-12-312009-12-312010-12-312011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow7.15M4.25M2.64M4.54M7.74M8.37M967.00K11.81M17.58M16.00M15.90M11.87M23.22M26.16M22.41M25.28M28.98M26.64M35.99M38.65M54.45M57.49M61.70M
Investing Cash Flow-42.17M-44.78M-96.96M-115.63M-132.94M-87.24M-19.63M-60.88M716.00K-99.81M-54.92M-332.75M-149.59M-44.31M-46.35M-137.85M-131.50M-454.51M-111.01M-245.27M-506.85M-328.47M-373.38M
Financing Cash Flow33.64M36.71M102.30M113.84M123.36M84.92M107.71M-12.85M60.98M39.30M34.71M342.83M136.69M-17.90M-1.03M146.58M83.07M417.68M75.22M252.19M-438.00K289.17M193.47M
Capital Expenditure0304.00K327.00K283.00K856.00K496.00K188.00K131.00K411.00K561.00K531.00K3.19M789.00K584.00K1.24M969.00K225.00K264.00K391.00K3.22M3.95M223.00K595.00K
Free Cash Flow7.15M3.95M2.31M4.26M6.88M7.88M779.00K11.68M17.17M15.44M15.37M8.68M22.43M25.58M21.17M24.31M28.76M26.37M35.60M35.42M54.45M57.27M61.10M
Dividends Paid504.00K507.00K424.00K595.00K644.00K693.00K711.00K711.00K729.00K738.00K2.48M3.40M3.82M4.18M4.54M4.92M5.22M5.65M6.17M7.37M438.00K9.20M10.56M
FCF to OCF100.00%92.85%87.62%93.77%88.94%94.08%80.56%98.89%97.66%96.49%96.66%73.13%96.60%97.77%94.46%96.17%99.22%99.01%98.91%91.66%100.00%99.61%99.04%
Dividend Paid to FCF7.05%12.84%18.32%13.96%9.35%8.80%91.27%6.09%4.25%4.78%16.10%39.11%17.01%16.33%21.44%20.22%18.14%21.43%17.32%20.81%0.80%16.06%17.28%

Earnings

Report DateDec 31, 2005Mar 31, 2006Jun 30, 2006Sep 30, 2006Dec 31, 2006Mar 31, 2007Jul 31, 2007Nov 28, 2007Mar 20, 2008Apr 30, 2008Aug 5, 2008Oct 28, 2008Mar 19, 2009Apr 29, 2009Jul 30, 2009Nov 2, 2009May 3, 2010Aug 13, 2010Oct 29, 2010Mar 11, 2011Apr 29, 2011Jul 29, 2011Oct 28, 2011Mar 9, 2012Apr 27, 2012Jul 27, 2012Oct 26, 2012Jan 31, 2013Apr 25, 2013Jul 25, 2013Oct 24, 2013Jan 30, 2014Apr 24, 2014Jul 24, 2014Oct 23, 2014Jan 29, 2015Apr 24, 2015Jul 23, 2015Oct 22, 2015Jan 28, 2016Apr 28, 2016Jul 28, 2016Oct 27, 2016Jan 26, 2017Apr 27, 2017Jul 27, 2017Oct 26, 2017Jan 25, 2018Apr 26, 2018Jul 26, 2018Oct 25, 2018Jan 24, 2019Apr 25, 2019Jul 25, 2019Oct 24, 2019Jan 23, 2020Apr 23, 2020Jul 23, 2020Oct 22, 2020Jan 28, 2021Apr 29, 2021Jul 29, 2021Oct 28, 2021Jan 27, 2022Apr 28, 2022Jul 28, 2022Oct 27, 2022Jan 26, 2023Apr 27, 2023Jul 27, 2023Oct 26, 2023Jan 25, 2024Apr 25, 2024Jul 25, 2024Oct 24, 2024Jan 30, 2025Apr 24, 2025Jul 24, 2025Oct 30, 2025Jan 29, 2026Apr 23, 2026Jul 30, 2026Oct 29, 2026
EPS Estimate-----------------0.150.220.150.230.260.28-0.380.400.450.440.350.410.410.440.450.450.470.490.470.500.470.500.460.510.470.410.380.410.450.390.410.470.500.480.460.470.520.550.450.300.480.590.760.820.880.930.910.901.001.141.070.991.171.131.121.091.191.261.271.331.391.391.421.541.68
EPS Actual0.220.170.220.170.180.120.170.180.180.160.220.240.02-0.040.050.270.18-0.300.190.200.260.490.420.440.420.300.500.430.420.400.460.480.420.460.470.500.500.460.500.470.520.440.240.540.390.220.300.460.420.380.620.370.460.750.590.690.380.480.500.711.120.951.071.011.021.291.251.181.050.981.171.151.041.231.241.711.321.351.701.581.441.70-
Surprise------------------300.00%-13.64%33.33%13.04%88.46%50.00%-10.53%-25.00%11.11%-2.27%20.00%-2.44%12.20%9.09%-6.67%2.22%0.00%2.04%6.38%-8.00%6.38%-6.00%13.04%-13.73%-48.94%31.71%2.63%-46.34%-33.33%17.95%2.44%-19.15%24.00%-22.92%0.00%59.57%13.46%25.45%-15.56%60.00%4.17%20.34%47.37%15.85%21.59%8.60%12.09%43.33%25.00%3.51%-1.87%-1.01%0.00%1.77%-7.14%12.84%4.20%35.71%3.94%1.50%22.30%13.67%1.41%10.39%-
Timing-------------------After-hours-After-hoursPre-market-Pre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursPre-marketAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap590.22M
Enterprise Value916.35M
Trailing P/E10.75
Forward P/E8.96
PEG Ratio1.24
Price / Sales3.48
Price / Book1.56
EPS6.56
Book Value45.81
Revenue (TTM)169.43M
Gross Profit (TTM)169.43M
Profit Margin32.76%
Operating Margin39.46%
Return on Equity15.00%
Return on Assets1.32%
Shares Outstanding8.37M
Shares Float7.83M
Beta0.65
Dividend Yield1.94%
Dividend Rate1.36
Payout Ratio20.40%

Analyst Ratings

Buy
Based on 5 analystsTarget 79.20
  • Strong Buy
    2
  • Buy
    3

Ownership Breakdown

Institutions
74.06%
Insiders
4.84%
Retail / Other
21.10%

Top Institutional Holders

  • BlackRock Inc
    870.20K10.40%
  • Dimensional Fund Advisors, Inc.
    498.43K5.96%
  • Vanguard Capital Management, LLC
    340.54K4.07%
  • First Business Financial Services Inc
    340.19K4.07%
  • American Century Companies Inc
    272.79K3.26%
  • Manufacturers Life Insurance Co
    244.79K2.93%
  • Geode Capital Management, LLC
    199.77K2.39%
  • State Street Corp
    173.72K2.08%
  • Banc Funds Co LLC
    166.22K1.99%
  • Cutler Capital Management
    154.59K1.85%
  • LSV Asset Management
    141.03K1.69%
  • Pacific Ridge Capital Partners, LLC
    139.81K1.67%
  • Federated Hermes Inc
    125.56K1.50%
  • Renaissance Technologies Corp
    122.47K1.46%

Top Fund Holders

  • Avantis US Small Cap Value ETF
    245.41K2.93%
  • Vanguard MStar Total Stk Mkt Idx Invest
    237.42K2.84%
  • iShares Russell 2000 ETF
    216.62K2.59%
  • JHancock Regional Bank A
    133.32K1.59%
  • BlackRock Advantage Small Cap Core Instl
    132.53K1.58%
  • DFA US Small Cap Value I
    100.75K1.20%

Dividends

20264×
0.34Nov 12, 20260.34Aug 12, 20260.34May 6, 20260.34Feb 13, 2026
20254×
0.29Nov 19, 20250.29Aug 11, 20250.29May 9, 20250.29Feb 14, 2025
20245×
0.25Nov 7, 20240.25Aug 30, 20240.25Aug 8, 20240.25May 8, 20240.25Feb 7, 2024
20234×
0.23Nov 3, 20230.23Aug 4, 20230.23May 5, 20230.23Feb 3, 2023
20224×
0.20Nov 4, 20220.20Aug 5, 20220.20May 6, 20220.20Feb 4, 2022
20213×
0.18Nov 5, 20210.18Aug 6, 20210.18May 7, 2021

Stock Splits

  • Aug 31, 20152:1