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First Business Financial Services, Inc. logo

First Business Financial Services, Inc.

FBIZ

NASDAQFinancial ServicesBanks - Regional

Open in GoAI

Previous close

$68.69

−$0.12 · -0.17%

Aug 21, 4:00 PM ET

Pre-market

$68.43

−$0.26 · -0.38%

Aug 24, 4:30 AM ET

FBIZ company overview

Historical prices · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Buy

Favorable setup — positive multi-factor alignment

Valuation

82

Deep Value

Momentum

63

Gaining

Sentiment

69

Bullish

Risk resilience

77

Moderate Risk

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Company profile

Company website

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.

Industry
Banks - Regional
Sector
Financial Services
Headquarters
US
CEO
David R. Seiler
Listed since
Nov 9, 2005
Employees
355

Market position

Day range

Current $68.69

52-week range

Current $68.69

Open
$68.74
Previous close
$68.81
Volume
52.81K
1.04× average
Average volume
50.81K
Average daily volume
Market cap
574.4M USD
Beta
0.65
Market reference 1
50-day average
$66.0312
+4.03% above average
200-day average
$58.1674
+18.09% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
671.63M USD
P/E (TTM)
10.36×
P/B (TTM)
1.43×
P/S (TTM)
2×
EV / EBITDA
10.46×
Earnings yield
11.36%
Free cash flow yield
13.79%
Dividend yield
1.91%

Profitability & efficiency

Gross margin
58.86%
Operating margin
22.51%
Net margin
19.28%
Return on equity
13.54%
Return on assets
1.23%
Return on invested capital
1.23%

Financial health

Debt / equity
1.51×
Current ratio
0.31×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends103%72%40%8%Gross margin, FY2021: 95.54%Gross margin, FY2022: 87.35%Gross margin, FY2023: 59.99%Gross margin, FY2024: 55.12%Gross margin, FY2025: 57.29%Operating margin, FY2021: 37.90%Operating margin, FY2022: 34.64%Operating margin, FY2023: 20.84%Operating margin, FY2024: 19.49%Operating margin, FY2025: 21.65%Net margin, FY2021: 28.81%Net margin, FY2022: 27.09%Net margin, FY2023: 16.37%Net margin, FY2024: 16.86%Net margin, FY2025: 18.02%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 95.54%. Gross margin FY2022 87.35%. Gross margin FY2023 59.99%. Gross margin FY2024 55.12%. Gross margin FY2025 57.29%. Operating margin FY2021 37.90%. Operating margin FY2022 34.64%. Operating margin FY2023 20.84%. Operating margin FY2024 19.49%. Operating margin FY2025 21.65%. Net margin FY2021 28.81%. Net margin FY2022 27.09%. Net margin FY2023 16.37%. Net margin FY2024 16.86%. Net margin FY2025 18.02%.

Income trends

Revenue

279.25M USD+6.43%

Operating income

60.45M USD+18.19%

Net income

50.32M USD+13.73%
Income trends across reported periods303.6M USD206.2M USD108.8M USD11.41M USDRevenue, FY2021: 124.1M USDRevenue, FY2022: 150.8M USDRevenue, FY2023: 226.24M USDRevenue, FY2024: 262.38M USDRevenue, FY2025: 279.25M USDOperating income, FY2021: 47.03M USDOperating income, FY2022: 52.24M USDOperating income, FY2023: 47.14M USDOperating income, FY2024: 51.15M USDOperating income, FY2025: 60.45M USDNet income, FY2021: 35.76M USDNet income, FY2022: 40.86M USDNet income, FY2023: 37.03M USDNet income, FY2024: 44.25M USDNet income, FY2025: 50.32M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 124.1M USD. Revenue FY2022 150.8M USD. Revenue FY2023 226.24M USD. Revenue FY2024 262.38M USD. Revenue FY2025 279.25M USD. Operating income FY2021 47.03M USD. Operating income FY2022 52.24M USD. Operating income FY2023 47.14M USD. Operating income FY2024 51.15M USD. Operating income FY2025 60.45M USD. Net income FY2021 35.76M USD. Net income FY2022 40.86M USD. Net income FY2023 37.03M USD. Net income FY2024 44.25M USD. Net income FY2025 50.32M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue279.25M USD262.38M USD226.24M USD150.8M USD124.1M USD
Cost of goods sold119.28M USD117.75M USD90.52M USD19.08M USD5.53M USD
Gross profit159.97M USD144.63M USD135.71M USD131.72M USD118.57M USD
Selling, general, and administrative76.74M USD72.29M USD66.19M USD61.14M USD54.88M USD
Operating expenses99.52M USD93.48M USD88.58M USD79.47M USD71.54M USD
Interest income247.31M USD233.13M USD194.93M USD121.37M USD96M USD
Interest expense110.62M USD108.92M USD82.34M USD22.95M USD11.33M USD
Depreciation and amortization3.77M USD3.74M USD3.64M USD4.07M USD3.55M USD
Operating income60.45M USD51.15M USD47.14M USD52.24M USD47.03M USD
Net income50.32M USD44.25M USD37.03M USD40.86M USD35.76M USD

Company facts updated Aug 24, 2026.

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ETFs holding FBIZ

Funds reporting this stock among their holdings, ordered by reported position size.

Avantis U.S. Small Cap Value ETF logoAvantis U.S. Small Cap Value ETFAVUV
Market value
16.78M
Weight
0.05%
AUM
31.27B USD
Expense ratio
0.25%
Price / 1D
$126.45+0.66%
Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
16.67M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
iShares Russell 2000 ETF logoiShares Russell 2000 ETFIWM
Market value
14.9M
Weight
0.02%
AUM
81.62B USD
Expense ratio
0.19%
Price / 1D
$299.96+0.77%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
6.93M
Weight
0.01%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Russell 2000 Value ETF logoiShares Russell 2000 Value ETFIWN
Market value
5.24M
Weight
0.04%
AUM
14.66B USD
Expense ratio
0.24%
Price / 1D
$224.81+0.45%
Dimensional - US Targeted Value ETF logoDimensional - US Targeted Value ETFDFAT
Market value
3.35M
Weight
0.02%
AUM
14.66B USD
Expense ratio
0.28%
Price / 1D
$71.67+0.67%
Vanguard Dividend Appreciation ETF logoVanguard Dividend Appreciation ETFVIG
Market value
3.32M
Weight
0.00%
AUM
130.9B USD
Expense ratio
0.04%
Price / 1D
$243.91+0.69%
Vanguard Russell 2000 ETF logoVanguard Russell 2000 ETFVTWO
Market value
3.18M
Weight
0.02%
AUM
17.4B USD
Expense ratio
0.06%
Price / 1D
$121.25+0.74%

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