FIRST BUSINESS FINANCIAL SERVICES, INC.

FBIZ

FIRST BUSINESS FINANCIAL SERVICES, INC.

FBIZ

Insider Sentiment (TTM):

Last Purchase:2025-11-07Last Sale:2025-02-07Shares Purchased (TTM):71Shares Sold (TTM):0

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:5,499,376Shares Outstanding:8,186,174Institutional Ownership Pct.:67.18%

Earnings Market Reaction:

Filing Date:2026-07-31Price on Filing Date:N/APrevious Close:N/A% Change:N/A

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Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Cash And Due From Banks	32	33	31	36	51	35	29	45	26	25	32	23
Interest Bearing Deposits In Banks	131	105	9	8	73	136	128	87	55	47	107	110
Cash And Cash Equivalents At Carrying Value	163	137	39	44	123	171	158	132	81	72	140	133
Available For Sale Securities Debt Securities	410	420	422	411	382	359	341	313	309	314	297	272
Held To Maturity Securities	5	5	5	6	6	7	7	7	7	8	9	9
Loans Receivable Held For Sale Amount	0	24	19	13	12	11	13	8	7	5	5	4
Loans And Leases Receivable Net Reported Amount	-	-	-	-	-	-	-	-	-	2,878	2,819	2,735
Financing Receivable Excluding Accrued Interest Af…	3,548	3,462	3,337	3,298	3,214	3,149	3,077	3,016	2,952	-	2,819	-
Assets
Assets	4,410	4,321	4,082	4,035	4,003	3,945	3,853	3,716	3,853	3,853	3,508	3,419
Property Plant And Equipment Net	4	5	5	5	5	5	5	5	6	6	6	6
Foreclosed Assets	-	-	0	0	0	0	0	0	0	0	0	0
Operating Lease Right Of Use Asset	5	5	5	6	6	5	6	6	6	6	7	7
Bank Owned Life Insurance	86	85	84	83	83	58	57	57	56	56	56	55
Federal Home Loan Bank Stock	13	11	9	10	10	10	12	13	12	13	12	14
Intangible Assets Net Including Goodwill	12	12	12	12	12	12	12	12	12	12	12	12
Derivative Assets	46	38	37	38	41	48	66	43	71	70	56	94
Interest Receivable And Other Assets	118	117	107	109	109	110	99	104	98	90	91	79
Deposits	3,592	3,566	3,380	3,333	3,305	3,243	3,107	2,970	2,885	2,755	2,797	2,657
Operating Lease Liability	7	7	7	8	8	8	8	8	8	9	9	9
Derivative Liabilities	40	36	37	39	41	46	57	45	62	61	52	79
Accrued Liabilities And Other Liabilities	29	28	34	30	27	26	32	31	29	27	30	29
Liabilities	4,015	3,941	3,710	3,677	3,658	3,609	3,525	3,404	3,312	3,234	3,218	3,138
Liabilities And Stockhold…
Liabilities And Stockholders Equity	4,410	4,321	4,082	4,035	4,003	3,945	3,853	3,716	3,617	3,531	3,508	3,419
Preferred Stock Value	12	12	12	12	12	12	12	12	12	12	12	12
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	98	97	96	96	95	94	94	93	92	91	91	90
Stockholders Equity
Retained Earnings Accumulated Deficit	327	315	306	295	283	274	266	254	245	237	231	223
Stockholders Equity	395	380	372	358	345	336	329	312	305	298	290	281
Accumulated Other Comprehensive Income Loss Net Of…	-7	-10	-10	-12	-13	-12	-11	-15	-13	-12	-14	-14
Treasury Stock Value	-34	-34	-33	-33	-33	-32	-31	-31	-31	-31	-30	-30
Loans And Leases Receivable Allowance	-	-	-	-	-	-	-	-	-	33	31	29
Financing Receivable Allowance For Credit Loss Exc…	37	37	36	37	37	35	36	34	33	33	31	29
Preferred Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Preferred Stock Shares Authorized	3	3	3	3	3	3	3	3	3	3	3	3
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Dividend Rate Percentage	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	25	25	25	25	25	25	25	25	25	25	25	25
Common Stock Shares Issued	10	10	9	9	9	9	9	9	9	9	9	9
Shares Outstanding	8	8	8	8	8	8	8	8	8	8	8	8
Treasury Stock Common Shares	1	1	1	1	1	1	1	1	1	1	1	1

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Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-3.38%	8.85%	14.38%	-	-	-	-	-	-	-	-	-
2025	3.73%	-0.01%	11.00%	2.58%	7.24%	0.89%	2.43%	13.00%	12.13%	-8.64%	4.86%	-4.32%
2024	0.75%	-1.40%	13.64%	-5.40%	-4.78%	-3.79%	16.74%	14.82%	0.24%	-8.92%	-9.17%	-4.73%
2023	-	-	-	-	-	-	19.39%	31.51%	24.12%	2.44%	0.88%	1.46%
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Performance and Valuation Metrics

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Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Leverage & Debt
Interest Coverage TTM	-0.55	-0.56	-0.56	-0.57	-0.59	-0.13	0.34	0.87	1.46	1.48	1.56	1.69
Efficiency & Turnover
Days Sales Outstanding TTM	-	-	-	-	-	-	-	-	-	4,715.67	4,903.87	5,154.64
Receivables Turnover TTM	-	-	-	-	-	-	-	-	-	0.08	0.07	0.07
Per Share Metrics
Diluted EPS TTM	6.76	6.27	6.17	6.16	5.71	5.65	5.32	4.80	4.73	4.43	4.45	4.56
Free Cash Flow Per Share TTM	9.86	6.45	7.49	8.19	7.60	7.25	6.88	5.81	6.06	5.88	5.98	5.11
Dividend Per Share TTM	1.30	1.24	1.19	1.14	1.11	1.07	1.02	1.00	0.98	0.95	0.93	0.91
Margin Metrics
Gross Profit Margin TTM	56.55%	55.65%	55.27%	55.21%	54.61%	54.02%	53.28%	27.87%	27.84%	27.93%	28.46%	61.91%
Operating Profit Margin TTM	25.57%	24.58%	24.44%	24.32%	22.90%	22.80%	21.94%	36.43%	37.44%	38.64%	41.97%	48.69%
Net Profit Margin TTM	21.89%	20.57%	20.35%	20.57%	19.33%	19.38%	18.60%	17.10%	17.48%	17.26%	18.55%	20.73%
Growth Metrics
Net Revenue Growth (1Y)	5.48%	5.40%	6.08%	7.41%	9.50%	13.53%	19.60%	27.62%	37.70%	49.89%	60.61%	67.39%
Net Income Growth (1Y)	19.44%	11.84%	16.02%	29.21%	21.10%	27.46%	19.97%	5.25%	0.66%	-12.03%	-11.52%	-5.23%
EPS Growth (1Y)	18.46%	11.08%	15.88%	28.26%	20.68%	27.37%	19.72%	5.20%	0.03%	-11.78%	-10.48%	-3.79%
Valuation Metrics
P/E TTM	9.30	8.51	8.66	8.14	8.63	8.07	8.36	9.08	7.43	7.98	8.45	6.11
P/B TTM	1.31	1.15	1.17	1.14	1.16	1.10	1.10	1.13	0.93	0.97	1.05	0.81
P/S TTM	2.04	1.75	1.76	1.67	1.67	1.56	1.55	1.55	1.30	1.38	1.57	1.27
Market Cap	516.03M	436.73M	435.69M	409.59M	400.82M	370.35M	362.40M	353.53M	285.16M	287.45M	305.35M	226.23M
Enterprise Value	352.67M	299.61M	396.20M	365.24M	277.61M	199.73M	204.70M	221.56M	204.08M	215.41M	165.84M	93.32M
Calculated Values
Free Cash Flow TTM	80.91M	52.80M	61.10M	66.92M	61.84M	58.97M	56.04M	47.14M	49.14M	47.79M	48.61M	41.47M
Net Debt	-163.36M	-137.13M	-39.49M	-44.35M	-123.21M	-170.62M	-157.70M	-131.97M	-81.08M	-72.04M	-139.51M	-132.92M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

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Insider Transactions

2025-11-07Purchase

Owner: Crampton, Kevin D

Title: Chief Accounting Officer

Shares: 71

Price/Share: $51.40

Value: $3,649.40

Shares Owned: 1,892

Relationship: Officer

Ownership: Direct

2025-07-30Purchase

Owner: Graham, Jason R

Title: -

Shares: 1,000

Price/Share: $47.87

Value: $47,870.00

Shares Owned: 3,220

Relationship: Director

Ownership: Direct

2025-07-30Purchase

Owner: Kauten, Ralph R.

Title: -

Shares: 10,000

Price/Share: $47.80

Value: $478,000.00

Shares Owned: 29,756

Relationship: Director

Ownership: Direct

2025-02-07Sale

Owner: Ovokaitys, Daniel

Title: Chief Information Officer

Shares: 4,828

Price/Share: $54.55

Value: $263,367.40

Shares Owned: 7,718

Relationship: Officer

Ownership: Direct

2024-12-13Sale

Owner: Sanders, Carol P

Title: -

Shares: 8,211

Price/Share: $48.83

Value: $400,943.13

Shares Owned: 2,925

Relationship: Director

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2025-11-07	Crampton, Kevin D	Officer	Chief Accounting Officer	Direct	Purchase	71	51.40	$3,649.40	1,892	4
2025-07-30	Graham, Jason R	Director	-	Direct	Purchase	1,000	47.87	$47,870.00	3,220	4
2025-07-30	Kauten, Ralph R.	Director	-	Direct	Purchase	10,000	47.80	$478,000.00	29,756	4
2025-02-07	Ovokaitys, Daniel	Officer	Chief Information Officer	Direct	Sale	4,828	54.55	$263,367.40	7,718	4
2024-12-13	Sanders, Carol P	Director	-	Direct	Sale	8,211	48.83	$400,943.13	2,925	4
2024-11-19	Lorenz, William Kent	Director	-	Direct	Sale	1,000	49.00	$49,000.00	8,341	4
2024-11-07	Chambas, Corey A	Director,Officer	CEO	Direct	Sale	40,000	48.81	$1,952,400.00	112,750	4
2024-10-31	Hartlieb, James Edward	Officer	Pres&CEO First Business Bank	Indirect	Sale	6,344	43.15	$273,743.60	0	4
2024-10-30	Sanders, Carol P	Director	-	Direct	Purchase	134	44.84	$6,008.56	11,136	4
2024-08-23	Ovokaitys, Daniel	Officer	Chief Information Officer	Direct	Sale	1,130	42.38	$47,889.40	12,546	4
2024-08-19	Lorenz, William Kent	Director	-	Direct	Sale	1,150	42.79	$49,208.50	9,341	4
2024-08-12	Meloy, Mark J	Officer	EVP	Direct	Sale	5,000	40.05	$200,250.00	53,605	4
2024-07-30	Sanders, Carol P	Director	-	Direct	Purchase	129	45.85	$5,914.65	11,002	4
2024-05-21	Crampton, Kevin D	Officer	Chief Accounting Officer	Direct	Purchase	154	34.15	$5,259.10	1,257	4
2024-05-13	Lorenz, William Kent	Director	-	Direct	Sale	1,345	34.51	$46,415.95	9,836	4
2024-05-01	Sanders, Carol P	Director	-	Direct	Purchase	175	34.40	$6,020.00	10,218	4
2024-01-30	Sanders, Carol P	Director	-	Direct	Purchase	156	38.42	$5,993.52	10,043	4
2023-10-31	Sanders, Carol P	Director	-	Direct	Purchase	193	30.92	$5,967.56	9,887	4
2023-08-30	Chandler, Jodi A	Officer	Chief Human Resources Officer	Direct	Sale	1,596	31.41	$50,130.36	17,854	4
2023-08-01	Sanders, Carol P	Director	-	Direct	Purchase	177	33.90	$6,000.30	9,694	4
2023-06-15	Kilcoyne, Gerald L	Director	-	Direct	Purchase	6,000	30.55	$183,300.00	64,706	4
2023-05-05	Chavarria, Carla C	Director	-	Direct	Purchase	1,000	26.01	$26,010.00	5,631	4
2023-03-23	Harris, John J	Director	-	Direct	Purchase	1,000	30.73	$30,730.00	12,440	4
2022-12-12	Conley, Barbara Mccarty	Officer	General Counsel	Direct	Sale	3,005	37.50	$112,687.50	27,002	4
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Institutional Ownership

No data available for chart

2026-03-31

67.18%

Inst. Shares: 5,499,376

Shares Outstanding: 8,186,174

2025-12-31

66.99%

Inst. Shares: 5,464,896

Shares Outstanding: 8,158,208

2025-09-30

66.55%

Inst. Shares: 5,438,398

Shares Outstanding: 8,171,404

2025-06-30

65.51%

Inst. Shares: 5,333,024

Shares Outstanding: 8,141,159

2025-03-31

65.32%

Inst. Shares: 5,310,811

Shares Outstanding: 8,130,743

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	5,499,376	8,186,174	67.18%
2025-12-31	5,464,896	8,158,208	66.99%
2025-09-30	5,438,398	8,171,404	66.55%
2025-06-30	5,333,024	8,141,159	65.51%
2025-03-31	5,310,811	8,130,743	65.32%
2024-12-31	5,241,917	8,148,259	64.33%
2024-09-30	4,924,985	8,111,215	60.72%
2024-06-30	4,778,645	8,113,246	58.90%
2024-03-31	4,144,349	8,125,319	51.01%
2023-12-31	4,106,583	8,131,251	50.50%
2023-09-30	4,130,724	8,107,641	50.95%
2023-06-30	4,162,434	8,061,841	51.63%
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FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) — SEC Financial Statements & Analysis

FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) is a state commercial banks company, incorporated in WI. FIRST BUSINESS FINANCIAL SERVICES, INC. trades on Nasdaq as: FBIZ. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), FIRST BUSINESS FINANCIAL SERVICES, INC. reported a 5.48% year-over-year revenue growth, a Gross Profit Margin of 56.55% (TTM), a Price-to-Sales (P/S) ratio of 2.04x (TTM), a Price-to-Book (P/B) ratio of 1.31x (TTM), at a market cap of $516.03M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: 5.48%
Gross Profit Margin TTM: 56.55%
P/S TTM: 2.04x
P/B TTM: 1.31x
Market Cap: $516.03M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is FIRST BUSINESS FINANCIAL SERVICES, INC. in?

FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) operates in the State Commercial Banks industry.

What is FBIZ's market cap?

FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) has a market capitalization of $516.03M as of 2026-06-30.

What is FBIZ's P/E ratio?

FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)'s trailing twelve month P/E ratio is 9.30x as of 2026-06-30.

What exchange does FBIZ trade on?

FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) trades on the Nasdaq.

Where is FIRST BUSINESS FINANCIAL SERVICES, INC. incorporated?

FIRST BUSINESS FINANCIAL SERVICES, INC. is incorporated in WI.