FBIZ First Business Financial Services, Inc. - Common Stock

NASDAQ · Banking · View on SEC EDGAR ↗
$55.99
Price · May 20, 2026
Fundamentals as of Apr 24, 2026

FBIZ Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range

Price
$55.99
Market Cap
$452M
P/E (TTM)
9.1
EPS (TTM)
$5.94
Revenue (TTM)
Div Yield
2.1%
ROE
14.1%
Debt/Equity
52W Range
$46 – $61

FBIZ Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view

10-Year Performance Revenue, net income, margins and EPS trends

Revenue & Net Income
EPS $5.94
6-point trend, +201.5%
2020-12-31 2025-12-31
Free Cash Flow $61M
6-point trend, +131.7%
2020-12-31 2025-12-31
Margins 29.8%

Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?

Metric
5Y trend
FBIZ
Peer Median
P/E (TTM)
5-point trend, +30.7%
9.1
10.3
P/S (TTM)
5-point trend, +22.5%
2.7
1.9
P/B
5-point trend, +14.6%
1.2
1.0
Price / FCF
5-point trend, +6.8%
7.4

Profitability Gross, operating and net margins; ROE, ROA, ROIC

Metric
5Y trend
FBIZ
Peer Median
Net Profit Margin
5-point trend, -5.9%
29.8%
26.9%
ROA
5-point trend, -7.3%
1.3%
1.1%
ROE
5-point trend, -10.1%
14.1%
10.9%

Financial Health Debt, liquidity, solvency — balance sheet strength

Metric
5Y trend
FBIZ
Peer Median

Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR

Metric
5Y trend
FBIZ
Peer Median
Revenue YoY
9.9%
Revenue CAGR 3Y
9.7%
Revenue CAGR 5Y
10.2%
EPS YoY
5-point trend, +42.4%
14.2%
Net Income YoY
5-point trend, +40.7%
13.7%

Per Share Metrics EPS, book value per share, cash flow per share, dividend per share

Metric
5Y trend
FBIZ
Peer Median
EPS (Diluted)
5-point trend, +42.4%
$5.94

Capital Efficiency Asset turnover, inventory turnover, receivables turnover

Metric
5Y trend
FBIZ
Peer Median
Payout Ratio
5-point trend, +11.6%
19.2%

Dividends Yield, payout ratio, dividend history, 5Y CAGR

Dividend Yield
2.1%
Payout Ratio
19.2%
5Y Div CAGR
Ex-dateAmount
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

FBIZ Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside

BUY 11 analysts
  • Strong Buy 2 18.2%
  • Buy 8 72.7%
  • Hold 1 9.1%
  • Sell 0 0.0%
  • Strong Sell 0 0.0%

12-Month Price Target

5 analysts · 2026-05-20
Median target $65.00 +16.1%
Mean target $65.60 +17.2%

Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date

Avg Surprise
0.09%
Period EPS Actual EPS Est Surprise
March 31, 2026 $1.44 $1.44 -0.00%
Dec. 31, 2025 $1.58 $1.42 0.16%
Sept. 30, 2025 $1.70 $1.41 0.29%
June 30, 2025 $1.35 $1.36 -0.01%
March 31, 2025 $1.32 $1.30 0.02%

Peer Comparison Key metrics vs sector peers

Ticker Market Cap P/E Rev YoY Net Margin ROE Gross Margin
FBIZ $452M 9.1 9.9% 29.8% 14.1%
BSRR $434M 10.5 2.5% 27.3% 11.8%
COFS $443M 14.7 63.6% 12.4% 6.3%
OBT $382M 8.6 18.1% 32.7% 15.5%
PDLB $395M 13.6 30.5% 26.3% 5.4%
TFC $62.13B 12.9 53.0% 26.1% 8.2%

Full Fundamentals All metrics by year — income statement, balance sheet, cash flow

Income Statement 11
Annual Income Statement data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
SG&A Expense 5-point trend, +83.3% · · · · · · · $2M $2M $2M $2M $1M
Interest Expense 10-point trend, +611.6% · · $82M $23M $11M $17M $32M $24M $15M $15M $14M $12M
Interest Income 12-point trend, +328.6% $247M $233M $195M $121M $96M $94M $102M $91M $76M $78M $72M $58M
Pretax Income 12-point trend, +184.9% $60M $51M $47M $52M $47M $18M $24M $18M $14M $17M $25M $21M
Income Tax 12-point trend, +43.1% $10M $7M $10M $11M $11M $1M $1M $1M $2M $2M $8M $7M
Net Income 12-point trend, +255.9% $50M $44M $37M $41M $36M $17M $23M $16M $12M $15M $17M $14M
EPS (Basic) 12-point trend, +237.5% $5.94 $5.20 $4.33 $4.75 $4.17 $1.97 $2.68 $1.86 $1.36 $1.71 $1.90 $1.76
EPS (Diluted) 12-point trend, +239.4% $5.94 $5.20 $4.33 $4.75 $4.17 $1.97 $2.68 $1.86 $1.36 $1.71 $1.90 $1.75
Shares (Basic) 12-point trend, +3.7% 8,158,208 8,148,259 8,131,251 8,226,943 8,314,921 8,384,464 8,515,375 8,640,198 8,612,770 8,573,722 8,549,176 7,869,956
Shares (Diluted) 12-point trend, +3.2% 8,158,208 8,148,259 8,131,251 8,226,943 8,314,921 8,384,464 8,515,375 8,640,198 8,612,770 8,573,722 8,550,322 7,906,767
EBITDA 12-point trend, +101.8% $4M $4M $4M $4M $4M $3M $3M $1M $2M $2M $-90.0K $2M
Balance Sheet 16
Annual Balance Sheet data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
Cash & Equivalents 12-point trend, -61.8% $39M $158M $140M $103M $57M $57M $67M $87M $53M $78M $114M $103M
PP&E (Net) 12-point trend, +18.4% $5M $5M $6M $4M $2M $2M $3M $3M $3M $4M $4M $4M
PP&E (Gross) 12-point trend, +100.1% $16M $15M $15M $13M $10M $10M $9M $10M $9M $9M $8M $8M
Accum. Depreciation 12-point trend, +183.2% $11M $10M $9M $8M $8M $8M $7M $6M $6M $5M $4M $4M
Goodwill Flat — no change across 12 periods $11M $11M $11M $11M $11M $11M $11M $11M $11M $11M $11M $11M
Intangibles 3-point trend, -39.7% · · · · · · · · · $202.0K $264.0K $335.0K
Total Assets 12-point trend, +150.5% $4.08B $3.85B $3.51B $2.98B $2.65B $2.57B $2.10B $1.97B $1.79B $1.78B $1.78B $1.63B
Total Liabilities 12-point trend, +148.7% $3.71B $3.52B $3.22B $2.72B $2.42B $2.36B $1.90B $1.79B $1.62B $1.62B $1.63B $1.49B
Common Stock 12-point trend, +113.3% $96.0K $95.0K $95.0K $94.0K $93.0K $92.0K $92.0K $91.0K $90.0K $90.0K $89.0K $45.0K
Paid-in Capital 3-point trend, +6.5% $96M $94M $91M · · · · · · · · ·
Retained Earnings 12-point trend, +350.1% $306M $266M $231M $204M $170M $140M $129M $110M $99M $91M $81M $68M
Treasury Stock 12-point trend, +511.2% $33M $31M $30M $27M $22M $17M $15M $8M $7M $7M $6M $5M
AOCI 8-point trend, -478.4% $-10M $-11M $-14M $-15M $-1M $-933.0K $-1M $-2M · · · ·
Stockholders' Equity 12-point trend, +169.8% $372M $329M $290M $261M $232M $206M $194M $181M $169M $162M $151M $138M
Liabilities + Equity 12-point trend, +150.5% $4.08B $3.85B $3.51B $2.98B $2.65B $2.57B $2.10B $1.97B $1.79B $1.78B $1.78B $1.63B
Shares Outstanding 12-point trend, -4.0% 8,325,376 8,293,928 8,314,778 8,362,085 8,457,564 8,566,960 8,566,044 8,785,480 8,763,539 8,715,856 8,699,410 8,671,854
Cash Flow 16
Annual Cash Flow data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
D&A 12-point trend, +101.8% $4M $4M $4M $4M $4M $3M $3M $1M $2M $2M $-90.0K $2M
Stock-based Comp 12-point trend, +215.7% $3M $3M $3M $3M $3M $2M $2M $1M $1M $994.0K $1M $887.0K
Deferred Tax 12-point trend, -212.1% $-2M $-4M $2M $-775.0K $1M $-2M $-2M $-432.0K $2M $-1M $1M $1M
Other Non-cash 12-point trend, +199.2% $6M $10M $7M $-8M $-7M $6M $3M $7M $6M $10M $5M $-6M
Operating Cash Flow 12-point trend, +419.6% $62M $57M $52M $39M $36M $27M $29M $25M $22M $26M $23M $12M
CapEx 12-point trend, -81.3% $595.0K $223.0K $3M $3M $391.0K $264.0K $225.0K $969.0K $1M $584.0K $789.0K $3M
Investing Cash Flow 12-point trend, -12.2% $-373M $-328M $-507M $-245M $-111M $-455M $-131M $-138M $-46M $-44M $-150M $-333M
Stock Issued 3-point trend, -100.0% · · · · · · · · · $0 $0 $17M
Stock Repurchased 12-point trend, -22.6% $1M $1M $3M $6M $5M $2M $7M $533.0K $323.0K $467.0K $946.0K $2M
Net Stock Activity 12-point trend, -109.4% $-1M $-1M $-3M $-6M $-5M $-2M $-7M $-533.0K $-323.0K $-467.0K $-946.0K $15M
Dividends Paid 12-point trend, +185.2% $10M $8M $8M $7M $6M $6M $5M $5M $5M $4M $4M $3M
Financing Cash Flow 12-point trend, -43.6% $193M $289M $491M $252M $75M $418M $83M $147M $-1M $-18M $137M $343M
Net Change in Cash 6-point trend, -188.6% · · · · · · $-19M $34M $-25M $-36M $10M $22M
Taxes Paid 7-point trend, +155.6% $3M $158.0K $7M $8M $15M $3M $1M · · · · ·
Free Cash Flow 12-point trend, +603.6% $61M $57M $49M $35M $36M $26M $29M $25M $21M $26M $22M $9M
Levered FCF 10-point trend, -1666.2% · · $-15M $17M $27M $11M $-2M $3M $8M $13M $13M $974.9K
Profitability 5
Annual Profitability data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
Net Margin 12-point trend, +18.7% 29.8% 28.8% 25.7% 32.0% 31.7% 16.3% 25.0% 19.1% 15.4% 18.3% 21.8% 25.1%
Pretax Margin 12-point trend, -5.0% 35.9% 33.3% 32.8% 40.9% 41.7% 17.6% 26.3% 20.6% 18.4% 21.0% 32.9% 37.7%
EBITDA Margin 12-point trend, -32.7% 2.2% 2.4% 2.5% 3.2% 3.1% 3.3% 3.3% 1.7% 2.0% 1.9% -0.12% 3.3%
ROA 12-point trend, +29.6% 1.3% 1.2% 1.1% 1.5% 1.4% 0.73% 1.1% 0.87% 0.67% 0.84% 0.97% 0.98%
ROE 12-point trend, +27.1% 14.1% 13.8% 13.0% 15.9% 15.6% 8.3% 12.1% 9.1% 7.1% 9.3% 11.1% 11.1%
Efficiency 1
Annual Efficiency data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
Asset Turnover 12-point trend, +9.5% 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0
Per Share 6
Annual Per Share data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
Book Value / Share 12-point trend, +40.5% $44.63 $39.62 $34.83 $31.17 $27.48 $24.06 $22.67 $20.57 $19.32 $18.55 $17.34 $31.77
Revenue / Share 12-point trend, +45.1% $20.67 $18.83 $17.70 $15.54 $13.56 $12.41 $10.95 $9.90 $8.97 $9.48 $8.85 $14.24
Cash Flow / Share 12-point trend, +151.5% $7.56 $7.06 $6.43 $4.70 $4.33 $3.18 $3.40 $2.97 $2.60 $3.05 $2.72 $3.01
Cash / Share 12-point trend, -80.1% $4.74 $19.01 $16.78 $12.28 $6.75 $6.64 $7.83 $9.85 $6.00 $8.89 $13.05 $23.81
Dividend / Share 12-point trend, +176.2% $1 $1 $1 $1 $1 $1 $1 $1 $1 $0 $0 $0
EPS (TTM) 12-point trend, +239.4% $5.94 $5.20 $4.33 $4.75 $4.17 $1.97 $2.68 $1.86 $1.36 $1.71 $1.90 $1.75
Growth Rates 10
Annual Growth Rates data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
Revenue YoY 5-point trend, +17.6% 9.9% 6.6% 12.6% 13.4% 8.4% · · · · · · ·
Revenue CAGR 3Y 3-point trend, -15.4% 9.7% 10.8% 11.4% · · · · · · · · ·
Revenue CAGR 5Y 10.2% · · · · · · · · · · ·
EPS YoY 5-point trend, -87.3% 14.2% 20.1% -8.8% 13.9% 111.7% · · · · · · ·
EPS CAGR 3Y 3-point trend, -74.2% 7.7% 7.6% 30.0% · · · · · · · · ·
EPS CAGR 5Y 24.7% · · · · · · · · · · ·
Net Income YoY 5-point trend, -87.6% 13.7% 19.5% -9.4% 14.3% 110.6% · · · · · · ·
Net Income CAGR 3Y 3-point trend, -75.8% 7.2% 7.4% 29.7% · · · · · · · · ·
Net Income CAGR 5Y 24.3% · · · · · · · · · · ·
Dividend CAGR 5Y 11.4% · · · · · · · · · · ·
Valuation (TTM) 13
Annual Valuation (TTM) data for FBIZ
Metric Trend 202520242023202220212020201920182017201620152014
Revenue TTM 12-point trend, +199.9% $169M $153M $144M $128M $113M $104M $93M $86M $77M $81M $76M $56M
Net Income TTM 12-point trend, +255.9% $50M $44M $37M $41M $36M $17M $23M $16M $12M $15M $17M $14M
Market Cap 12-point trend, +335.2% $452M $384M $333M $306M $247M $158M $226M $171M $194M $207M $218M $104M
P/E 12-point trend, -33.2% 9.1 8.9 9.3 7.7 7.0 9.3 9.8 10.5 16.3 13.9 13.2 13.7
P/S 12-point trend, +45.1% 2.7 2.5 2.3 2.4 2.2 1.5 2.4 2.0 2.5 2.5 2.9 1.8
P/B 12-point trend, +61.4% 1.2 1.2 1.2 1.2 1.1 0.8 1.2 0.9 1.1 1.3 1.4 0.8
P / Tangible Book 6-point trend, +55.2% 1.3 1.2 1.2 1.2 1.1 0.8 · · · · · ·
P / Cash Flow 12-point trend, -16.2% 7.3 6.7 6.4 7.9 6.9 5.9 7.8 6.7 8.7 7.9 9.4 8.7
P / FCF 12-point trend, -38.1% 7.4 6.7 6.7 8.6 6.9 6.0 7.8 6.9 9.2 8.1 9.7 12.0
Dividend Yield 12-point trend, -34.6% 2.1% 2.2% 2.3% 2.2% 2.5% 3.6% 2.3% 2.9% 2.3% 2.0% 1.8% 3.3%
Earnings Yield 12-point trend, +49.7% 10.9% 11.2% 10.8% 13.0% 14.3% 10.7% 10.2% 9.5% 6.2% 7.2% 7.6% 7.3%
Payout Ratio 12-point trend, -19.9% 19.2% 18.8% 20.5% 16.4% 17.2% 33.3% 22.4% 30.1% 38.1% 28.0% 23.1% 24.0%
Annual Payout 12-point trend, +185.2% $10M $8M $8M $7M $6M $6M $5M $5M $5M $4M $4M $3M

Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years

Income Statement
2025-12-312025-03-312024-12-312024-09-302024-06-30
Net Income $50M$44M
Diluted EPS $5.94$5.20
Cash Flow
2025-12-312025-03-312024-12-312024-09-302024-06-30
Free Cash Flow $61M$57M

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