First Business Financial Services, Inc.
NASDAQ•FBIZ
CEO: Mr. Corey A. Chambas
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2005-11-09
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 real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing loans and leases, 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. In addition, the company offers bank consulting consisting of investment portfolio administrative and asset liability management services, and commercial deposit accounts. The company was founded in 1909 and is headquartered in Madison, Wisconsin.
Contact Information
Market Cap
$482.47M
P/E (TTM)
9.4
15
Dividend Yield
2.1%
52W High
$60.54
52W Low
$43.61
52W Range
Rank42Top 47.5%
3.9
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Weak • 3.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025
Financial Dashboard
Q4 2025 Data
Revenue
$70.21M+3.08%
4-Quarter Trend
EPS
$1.60-6.43%
4-Quarter Trend
FCF
$16.10M+0.00%
4-Quarter Trend
2025 Annual Earnings Highlights
Key Highlights
Strong Net Income Growth Net income available to common shareholders reached $50.3M, up 13.7% year-over-year; diluted EPS improved to $5.94.
Loan Portfolio Expansion Total gross loans and leases grew 8.4% to $3.375B by year-end 2025, supported by strong commercial lending activity.
Improved Operational Efficiency Efficiency ratio improved to 58.78% in 2025 from 60.61% in 2024, reflecting better cost control relative to revenue growth.
Robust Capital Position Consolidated CET1 ratio stood at 9.48% as of December 31, 2025, significantly exceeding regulatory minimum requirements.
Risk Factors
Deteriorating Asset Quality Non-accrual loans rose to $43.9M (1.30% of loans) driven by a $20.4M downgrade in CRE loans from one client.
Commercial Real Estate Concentration CRE loans represent 61.0% of the total loan portfolio, exposing the bank to real estate market valuation uncertainty.
Net Interest Margin Compression NIM slightly compressed to 3.64% in 2025 from 3.66% in 2024, indicating sensitivity to rising liability costs.
Cybersecurity and Third-Party Risk Increased reliance on technology and third-party vendors heightens exposure to cyber-attacks, data breaches, and operational failures.
Outlook
Core Deposit Growth Target Strategic plan targets core deposits to reach ≥ 75% of total funding by 2028, up from 74.7% in 2025.
Managing CRE and SBA Risks Management continues proactive monitoring of CRE portfolio and relies on SBA guaranty structure while managing credit risk.
Expected Effective Tax Rate The Corporation expects the effective tax rate for 2026 to be between 16% and 18%, following a 16.8% rate in 2025.
AI Adoption and Technology Future success depends partly on successfully addressing client needs by using technology, including AI tools, to enhance efficiency.
Peer Comparison
Revenue (TTM)
$441.36M
$343.87M
$303.63M
Gross Margin (Latest Quarter)
314.9%
79.3%
74.7%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| PGC | $663.99M | 17.8 | 5.9% | 3.5% |
| RRBI | $616.81M | 14.4 | 12.3% | 0.0% |
| AROW | $592.11M | 13.4 | 10.6% | 0.7% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.5%
Moderate Growth
4Q Net Income CAGR
6.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow
Deep Research
Next earnings:Apr 22, 2026
EPS:-
|Revenue:-
Financials
Earnings Calls
Reports
News
Income Statement
Balance Sheet
Cash Flow Statement
Ratios
% Chg.
Income Statement | LTM |
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No Data