What is First Business Financial Services, Inc.'s earnings per share (EPS)?

First Business Financial Services, Inc. (FBIZ) reported diluted earnings per share of $5.94 for fiscal year 2025. This represents a 14.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

First Business Financial Services, Inc. (FBIZ) Financials

FBIZ

Trailing 12 months to June 30, 2026

Revenue $177.8M +10.3% YoY

Net Income $55.5M +16.8% YoY

EPS (Diluted) $6.56 +16.7% YoY

Free Cash Flow $80.9M +30.8% YoY

Market Cap $587.0M as of Oct 12, 2026

Price / Sales 3.3x on $177.8M revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.6x on $55.5M net income, trailing 12 months to June 30, 2026

Price / Book 1.5x on $395.3M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 12, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 31, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 31, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the FBIZ SEC filings page.

First Business Financial Services, Inc. (FBIZ) reported $177.8M in revenue over the twelve months to Jun 30, 2026, up 10.3% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI FBIZ FY2025 2026-10-04

Balance-sheet growth is outrunning earnings: this business is expanding its asset base without improving asset productivity.

Across FY2021-FY2025, total assets expanded faster than net income, and ROA moved from 1.4% to 1.2%. That combination says scale increased without a matching improvement in asset productivity; in FY2025, operating cash flow exceeded net income, so earnings-to-cash conversion remained intact despite the lower ROA.

Leverage eased modestly: debt-to-equity fell from 11.1x in FY2023 to 10.0x in FY2025. Because liabilities still represented roughly nine-tenths of assets, the improvement reflects equity accumulation more than a fundamentally unlevered funding model.

Capital intensity is low: free cash flow rose materially while annual capital expenditures stayed below $4M across the reported period. In FY2025, investing outflows of $373.4M were paired with $193.5M of financing inflows, showing expansion relies on balance-sheet funding rather than operating cash alone.

Financial Health Signals

Financial Health Score 48/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of First Business Financial Services, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

First Business Financial Services, Inc. earned a return on assets of 1.2% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is up from 1.1% the prior year. Earnings ranks banks on that return over three years, and First Business Financial Services, Inc. scores 72/100 among other banks.

Growth

First Business Financial Services, Inc. reported revenue of $168.6M in fiscal year 2025, against $153.5M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and First Business Financial Services, Inc. scores 52/100 among other banks.

Capital

First Business Financial Services, Inc. funded 9.1% of its assets with shareholders' equity at the end of fiscal year 2025, holding $371.6M of equity against $4.1B of assets. Capital ranks banks on that cushion, and First Business Financial Services, Inc. scores 19/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. First Business Financial Services, Inc. scores 64/100 on it among other banks.

Credit Quality

Not available for First Business Financial Services, Inc., and counted as zero in the overall score.

Stability

First Business Financial Services, Inc. reported net income of $50.3M in fiscal year 2025, against $44.2M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and First Business Financial Services, Inc. scores 81/100 among other banks.

Piotroski F-Score Partial

5/6

First Business Financial Services, Inc. passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.23x

For every $1 of reported earnings, First Business Financial Services, Inc. generates $1.23 in operating cash flow ($61.7M OCF vs $50.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$46.7M

YoY+13.8%

QoQ+5.5%

5Y CAGR+10.8%

10Y CAGR+8.0%

First Business Financial Services, Inc. generated $46.7M in revenue in Q2 2026. This represents an increase of 13.8% from the same quarter a year earlier. Against the prior quarter it is up 5.5%.

Net Income

$15.6M

YoY+36.4%

QoQ+27.7%

5Y CAGR+13.6%

10Y CAGR+15.4%

First Business Financial Services, Inc. reported $15.6M in net income in Q2 2026. This represents an increase of 36.4% from the same quarter a year earlier. Against the prior quarter it is up 27.7%.

EPS (Diluted)

$1.84

YoY+36.3%

QoQ+27.8%

5Y CAGR+14.1%

10Y CAGR+15.6%

First Business Financial Services, Inc. earned $1.84 per diluted share (EPS) in Q2 2026. This represents an increase of 36.3% from the same quarter a year earlier. Against the prior quarter it is up 27.8%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$43.6M

YoY+181.2%

QoQ+1396.2%

5Y CAGR+40.1%

10Y CAGR+22.5%

First Business Financial Services, Inc. generated $43.6M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 181.2% from the same quarter a year earlier. Against the prior quarter it is up 1396.2%.

Cash & Debt

$163.4M

YoY+32.6%

QoQ+19.1%

5Y CAGR-16.0%

10Y CAGR+2.2%

First Business Financial Services, Inc. held $163.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.34

YoY+17.2%

QoQ0.0%

5Y CAGR+13.6%

10Y CAGR+11.0%

First Business Financial Services, Inc. paid $0.34 per share in dividends in Q2 2026. This represents an increase of 17.2% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

YoY+0.5%

QoQ+0.1%

5Y CAGR-0.4%

10Y CAGR-0.4%

First Business Financial Services, Inc. had 8M shares outstanding in Q2 2026. This represents an increase of 0.5% from the same quarter a year earlier. Against the prior quarter it is up 0.1%.

Margins & Returns

Net Margin

33.4%

YoY+5.5pp

QoQ+5.8pp

5Y change+3.9pp

10Y change+16.1pp

First Business Financial Services, Inc.'s net profit margin was 33.4% in Q2 2026, showing the share of revenue converted to profit. This is up 5.5 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.8 percentage points.

Return on Equity

3.9%

YoY+0.6pp

QoQ+0.7pp

5Y change+0.2pp

10Y change+1.6pp

First Business Financial Services, Inc.'s ROE was 3.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.7 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

$878K

YoY+49.8%

QoQ+8.3%

5Y CAGR+6.5%

First Business Financial Services, Inc. spent $878K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 49.8% from the same quarter a year earlier. Against the prior quarter it is up 8.3%.

Capital Expenditures

$164K

YoY-50.3%

QoQ+21.5%

5Y CAGR+28.9%

10Y CAGR-5.4%

First Business Financial Services, Inc. invested $164K in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 50.3% from the same quarter a year earlier. Against the prior quarter it is up 21.5%.

R&D Spending

Not reported for Q2 2026.

FBIZ Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FBIZ quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$177.8M	$168.6M+9.9%	$153.5M+6.6%	$143.9M+12.6%	$127.8M+13.4%	$112.8M+8.4%	$104.0M+11.5%	$93.3M+9.1%	$85.5M+10.7%	$77.3M-5.0%	$81.3M+7.5%	$75.7M+34.5%	$56.2M+11.2%	$50.5M+8.5%	$46.6M+9.5%	$42.5M
SG&A Expenses	$78.6M	$67.9M+7.6%	$63.1M+3.4%	$61.1M+5.7%	$57.7M+11.7%	$51.7M+12.8%	$45.9M+9.1%	$42.0M+2138.7%	$1.9M-1.5%	$1.9M+23.3%	$1.5M-12.2%	$1.8M+71.8%	$1.0M+9.2%	$938K+2.9%	$912K-93.9%	$14.9M
Interest Expense	$110.1M	$110.6M+1.6%	$108.9M+32.3%	$82.3M+258.8%	$22.9M+102.5%	$11.3M-33.8%	$17.1M-46.8%	$32.2M+34.5%	$23.9M+57.4%	$15.2M+2.8%	$14.8M+6.9%	$13.8M+19.5%	$11.6M-1.1%	$11.7M-30.7%	$16.9M-18.7%	$20.8M
Income Tax	$9.3M	$10.1M+46.8%	$6.9M-31.7%	$10.1M-11.2%	$11.4M+1.0%	$11.3M+749.7%	$1.3M+12.9%	$1.2M-13.0%	$1.4M-41.9%	$2.3M+7.9%	$2.2M-74.3%	$8.4M+18.3%	$7.1M-4.1%	$7.4M+55.6%	$4.8M+37.7%	$3.4M
Net Income	$55.5M	$50.3M+13.7%	$44.2M+19.5%	$37.0M-9.4%	$40.9M+14.3%	$35.8M+110.6%	$17.0M-27.2%	$23.3M+43.1%	$16.3M+36.9%	$11.9M-20.1%	$14.9M-9.7%	$16.5M+16.8%	$14.1M+2.9%	$13.7M+54.0%	$8.9M+5.9%	$8.4M
EPS (Basic)	N/A	$5.94+14.2%	$5.20+20.1%	$4.33-8.8%	$4.75+13.9%	$4.17+111.7%	$1.97-26.5%	$2.68+44.1%	$1.86+36.8%	$1.36-20.5%	$1.71-10.0%	$1.90+8.0%	$1.76+0.6%	$1.75-47.0%	$3.30+2.2%	$3.23
EPS (Diluted)	$6.56	$5.94+14.2%	$5.20+20.1%	$4.33-8.8%	$4.75+13.9%	$4.17+111.7%	$1.97-26.5%	$2.68+44.1%	$1.86+36.8%	$1.36-20.5%	$1.71-10.0%	$1.90	$1.75+0.6%	$1.74	$3.29+1.9%	$3.23
Diluted Shares (Avg)	N/A	8M+0.1%	8M+0.2%	8M-1.2%	8M-1.1%	8M-0.8%	8M-1.5%	9M-1.4%	9M+0.3%	9M+0.5%	9M+0.3%	9M	8M+2.8%	8M	3M+4.1%	3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$46.7M+13.8%	$44.3M+8.5%	$42.2M+2.6%	$44.5M+17.0%	$41.0M+8.1%	$40.8M+12.6%	$41.2M+12.3%	$38.1M+2.8%
SG&A Expenses	$18.5M+11.7%	$18.5M+10.7%	$24.1M+4.2%	$17.4M+14.8%	$16.5M+2.0%	$16.7M+3.7%	$23.2M+7.2%	$15.2M-2.4%
Interest Expense	$26.9M-2.3%	$26.4M+0.4%	$28.0M+3.8%	$28.9M+1.9%	$27.5M+0.5%	$26.3M0.0%	$27.0M+6.9%	$28.3M+26.7%
Income Tax	$1.2M-37.6%	$2.2M-4.7%	$2.9M+228.2%	$3.0M+27.3%	$1.9M+1.6%	$2.3M+30.6%	$885K-67.3%	$2.4M+13.1%
Net Income	$15.6M+36.4%	$12.2M+9.2%	$13.3M-7.5%	$14.4M+36.7%	$11.4M+9.2%	$11.2M+26.3%	$14.4M+47.5%	$10.5M+5.9%
EPS (Basic)	$1.84+36.3%	$1.44+9.1%	$1.58-7.6%	$1.70+37.1%	$1.35+9.8%	$1.32+26.9%	$1.71+48.7%	$1.24+6.0%
EPS (Diluted)	$1.84+36.3%	$1.44+9.1%	$1.58-7.6%	$1.70+37.1%	$1.35+9.8%	$1.32+26.9%	$1.71+48.7%	$1.24+6.0%
Diluted Shares (Avg)	8M+0.8%	8M+0.7%	N/A	8M+0.7%	8M+0.3%	8M+0.1%	N/A	8M0.0%

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

FBIZ Balance Sheet

FBIZ quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$4.1B+5.9%	$3.9B+9.8%	$3.5B+17.8%	$3.0B+12.2%	$2.7B+3.3%	$2.6B+22.5%	$2.1B+6.6%	$2.0B+9.6%	$1.8B+0.8%	$1.8B-0.1%	$1.8B+9.4%	$1.6B+28.4%	$1.3B+3.5%	$1.2B+4.2%	$1.2B
Cash & Equivalents	$39.5M-75.0%	$157.7M+13.0%	$139.5M+35.9%	$102.7M+79.8%	$57.1M+0.4%	$56.9M-15.2%	$67.1M-22.5%	$86.5M+64.7%	$52.5M-32.2%	$77.5M-31.7%	$113.6M+10.0%	$103.2M0.0%	$103.2M+20.6%	$85.6M-34.2%	$130.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M	$0	N/A	N/A
Total Liabilities	$3.7B+5.3%	$3.5B+9.5%	$3.2B+18.5%	$2.7B+12.2%	$2.4B+2.5%	$2.4B+24.1%	$1.9B+6.5%	$1.8B+9.9%	$1.6B+0.4%	$1.6B-0.7%	$1.6B+9.4%	$1.5B+28.7%	$1.2B+2.9%	$1.1B+1.2%	$1.1B
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	$22.2M-55.3%	$49.8M
Total Equity	$371.6M+13.1%	$328.6M+13.5%	$289.6M+11.1%	$260.6M+12.1%	$232.4M+12.7%	$206.2M+6.2%	$194.2M+7.4%	$180.7M+6.8%	$169.3M+4.7%	$161.7M+7.2%	$150.8M+9.5%	$137.7M+26.1%	$109.3M+9.8%	$99.5M+55.0%	$64.2M
Retained Earnings	$305.5M+15.0%	$265.8M+15.2%	$230.7M+13.4%	$203.5M+19.7%	$170.0M+21.1%	$140.4M+8.8%	$129.1M+17.0%	$110.3M+11.5%	$98.9M+8.3%	$91.3M+13.3%	$80.6M+18.7%	$67.9M+18.8%	$57.1M+25.3%	$45.6M+21.6%	$37.5M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$4.4B+10.2%	$4.3B+9.5%	$4.1B+5.9%	$4.0B+8.6%	$4.0B+3.9%	$3.9B+2.4%	$3.9B+9.8%	$3.7B+8.7%
Cash & Equivalents	$163.4M+32.6%	$137.1M-19.6%	$39.5M-75.0%	$44.3M-66.4%	$123.2M+52.0%	$170.6M+136.8%	$157.7M+13.0%	$132.0M-0.7%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	N/A	N/A	$10.7M0.0%	N/A	N/A	N/A	$10.7M0.0%	N/A
Total Liabilities	$4.0B+9.8%	$3.9B+9.2%	$3.7B+5.3%	$3.7B+8.0%	$3.7B+10.4%	$3.6B+11.6%	$3.5B+9.5%	$3.4B+8.5%
Total Equity	$395.3M+14.6%	$380.1M+13.1%	$371.6M+13.1%	$358.3M+14.9%	$344.8M+13.0%	$336.1M+12.9%	$328.6M+13.5%	$312.0M+11.1%
Retained Earnings	$327.0M+15.5%	$314.6M+14.7%	$305.5M+15.0%	$294.8M+16.2%	$283.1M+15.3%	$274.3M+15.6%	$265.8M+15.2%	$253.7M+13.7%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

FBIZ Cash Flow Statement

FBIZ quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$81.4M	$61.7M+7.3%	$57.5M+9.9%	$52.3M+35.3%	$38.6M+7.4%	$36.0M+35.1%	$26.6M-8.1%	$29.0M+14.7%	$25.3M+12.8%	$22.4M-14.3%	$26.2M+12.7%	$23.2M+95.6%	$11.9M-25.3%	$15.9M-0.6%	$16.0M-9.0%	$17.6M
Depreciation & Amortization	N/A	$3.8M+1.0%	$3.7M+2.8%	$3.6M-10.6%	$4.1M+14.4%	$3.6M+2.6%	$3.5M+13.6%	$3.0M+106.4%	$1.5M-5.4%	$1.6M+3.1%	$1.5M+1783.3%	-$90K-104.8%	$1.9M-19.5%	$2.3M-24.0%	$3.1M+27.0%	$2.4M
Stock-Based Compensation	N/A	$2.8M+0.5%	$2.8M-6.4%	$3.0M+15.2%	$2.6M+2.8%	$2.5M+34.3%	$1.9M+19.5%	$1.6M+56.0%	$1.0M-6.9%	$1.1M+8.5%	$994K-6.5%	$1.1M+19.8%	$887K+34.4%	$660K+20.4%	$548K-5.4%	$579K
Capital Expenditures	$484K	$595K+166.8%	$223K-92.3%	$2.9M-10.5%	$3.2M+724.3%	$391K+48.1%	$264K+17.3%	$225K-76.8%	$969K-22.0%	$1.2M+112.7%	$584K-26.0%	$789K-75.3%	$3.2M+500.8%	$531K-5.3%	$561K+36.5%	$411K
Free Cash Flow	$80.9M	$61.1M+6.7%	$57.3M+15.9%	$49.4M+39.5%	$35.4M-0.5%	$35.6M+35.0%	$26.4M-8.3%	$28.8M+18.3%	$24.3M+14.9%	$21.2M-17.2%	$25.6M+14.0%	$22.4M+158.3%	$8.7M-43.5%	$15.4M-0.4%	$15.4M-10.1%	$17.2M
Investing Cash Flow	-$385.7M	-$373.4M-13.7%	-$328.5M+35.2%	-$506.8M-106.7%	-$245.3M-120.9%	-$111.0M+75.6%	-$454.5M-245.6%	-$131.5M+4.6%	-$137.9M-197.4%	-$46.4M-4.6%	-$44.3M+70.4%	-$149.6M+55.0%	-$332.7M-505.9%	-$54.9M+45.0%	-$99.8M-14039.8%	$716K
Financing Cash Flow	$344.5M	$193.5M-33.1%	$289.2M-41.2%	$491.4M+94.8%	$252.2M+235.3%	$75.2M-82.0%	$417.7M+402.8%	$83.1M-43.3%	$146.6M+14289.6%	-$1.0M+94.2%	-$17.9M-113.1%	$136.7M-60.1%	$342.8M+887.6%	$34.7M-11.7%	$39.3M-35.5%	$61.0M
Dividends Paid	$10.7M	$9.7M+16.4%	$8.3M+9.8%	$7.6M+13.3%	$6.7M+8.5%	$6.2M+9.1%	$5.7M+8.4%	$5.2M+6.1%	$4.9M+8.3%	$4.5M+8.7%	$4.2M+9.4%	$3.8M+12.4%	$3.4M+37.2%	$2.5M+235.4%	$738K+1.2%	$729K
Share Buybacks	$1.7M	$1.4M+9.4%	$1.3M-57.3%	$3.0M-51.5%	$6.1M+11.8%	$5.5M+227.6%	$1.7M-76.9%	$7.2M+1259.8%	$533K+65.0%	$323K-30.8%	$467K-50.6%	$946K-47.3%	$1.8M+0.7%	$1.8M+725.0%	$216K+109.7%	$103K

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$43.8M+176.4%	$3.1M-73.0%	$16.1M-26.5%	$18.4M+33.4%	$15.8M+21.4%	$11.3M+30.2%	$22.0M+64.7%	$13.8M-16.4%
Depreciation & Amortization	$968K+1.9%	$929K+6.7%	$950K-6.4%	$1.0M+5.2%	$950K-3.0%	$871K+10.1%	$1.0M+27.2%	$953K-1.3%
Stock-Based Compensation	$912K-1.5%	$647K-0.6%	N/A	$585K-9.9%	$926K+48.4%	$651K-2.1%	N/A	$649K+0.9%
Capital Expenditures	$164K-50.3%	$135K+68.8%	$39K-7.1%	$146K-76.3%	$330K-17.3%	$80K-79.8%	$42K-86.5%	-$615K-53.4%
Free Cash Flow	$43.6M+181.2%	$2.9M-74.0%	$16.1M-26.5%	$18.3M+38.6%	$15.5M+22.6%	$11.2M+35.4%	$21.9M+68.3%	$13.2M-13.2%
Investing Cash Flow	-$83.1M+25.7%	-$138.5M-42.2%	-$51.1M+49.9%	-$113.1M-69.6%	-$111.8M-45.2%	-$97.4M-17.8%	-$102.1M+8.4%	-$66.6M+42.7%
Financing Cash Flow	$65.5M+34.9%	$233.1M+135.3%	$30.1M-71.6%	$15.8M-84.8%	$48.5M-33.5%	$99.0M+1406.3%	$105.9M+1.1%	$103.7M-13.4%
Dividends Paid	$3.0M+22.2%	$2.9M+18.7%	$2.4M+16.2%	$2.4M+16.2%	$2.4M+16.3%	$2.4M+17.0%	$2.1M+9.9%	$2.1M+9.9%
Share Buybacks	$878K+49.8%	$811K+4.4%	$16K+23.1%	$11K-8.3%	$586K-12.0%	$777K+34.2%	$13K-18.8%	$12K-47.8%

FBIZ Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

FBIZ quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	29.8%+1.0pp	28.8%+3.1pp	25.7%-6.2pp	32.0%+0.3pp	31.7%+15.4pp	16.3%-8.7pp	25.0%+5.9pp	19.1%+3.7pp	15.4%-2.9pp	18.3%-3.5pp	21.8%-3.3pp	25.1%-2.0pp	27.2%+8.0pp	19.2%-0.7pp	19.8%
Return on Equity	13.5%+0.1pp	13.5%+0.7pp	12.8%-2.9pp	15.7%+0.3pp	15.4%+7.1pp	8.2%-3.8pp	12.0%+3.0pp	9.0%+2.0pp	7.0%-2.2pp	9.2%-1.7pp	10.9%+0.7pp	10.3%-2.3pp	12.6%+3.6pp	9.0%-4.2pp	13.1%
Return on Assets	1.2%+0.1pp	1.1%+0.1pp	1.1%-0.3pp	1.4%0.0pp	1.4%+0.7pp	0.7%-0.5pp	1.1%+0.3pp	0.8%+0.2pp	0.7%-0.2pp	0.8%-0.1pp	0.9%+0.1pp	0.9%-0.2pp	1.1%+0.4pp	0.7%0.0pp	0.7%
Debt-to-Equity	9.99-0.7x	10.73-0.4x	11.11+0.7x	10.420.0x	10.41-1.0x	11.46+1.7x	9.80-0.1x	9.88+0.3x	9.60-0.4x	10.02-0.8x	10.810.0x	10.83+0.2x	10.61+10.4x	0.22-0.6x	0.78
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.040.0x	0.030.0x	0.040.0x	0.040.0x	0.04
FCF Margin	36.2%-1.1pp	37.3%+3.0pp	34.3%+6.6pp	27.7%-3.9pp	31.6%+6.2pp	25.4%-5.5pp	30.8%+2.4pp	28.4%+1.0pp	27.4%-4.1pp	31.5%+1.8pp	29.6%+14.2pp	15.4%-15.0pp	30.4%-2.7pp	33.1%-7.2pp	40.4%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Net Margin	33.4%+5.5pp	27.5%+0.2pp	31.6%-3.4pp	32.3%+4.7pp	27.8%+0.3pp	27.4%+3.0pp	35.0%+8.4pp	27.7%+0.8pp
Return on Equity	3.9%+0.6pp	3.2%-0.1pp	3.6%-0.8pp	4.0%+0.6pp	3.3%-0.1pp	3.3%+0.3pp	4.4%+1.0pp	3.4%-0.2pp
Return on Assets	0.4%+0.1pp	0.3%0.0pp	0.3%0.0pp	0.4%+0.1pp	0.3%0.0pp	0.3%+0.1pp	0.4%+0.1pp	0.3%0.0pp
Debt-to-Equity	10.16-0.5x	10.37-0.4x	9.99-0.7x	10.26-0.6x	10.61-0.2x	10.74-0.1x	10.73-0.4x	10.91-0.3x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	93.4%+55.6pp	6.6%-20.9pp	38.1%-15.1pp	41.0%+6.4pp	37.8%+4.5pp	27.5%+4.6pp	53.3%+17.7pp	34.6%-6.4pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
First Business Financial Services, Inc. FBIZ	FY2025	$168.6M	$50.3M	29.8%	$587.0M	48/100
ACNB Corp ACNB	FY2025	$191.8M	$37.1M	19.3%	$633.5M	67/100
Red River Bancshares, Inc. RRBI	FY2025	$125.5M	$42.8M	34.1%	$660.2M	55/100
Arrow Financial Corp AROW	FY2025	$139.5M	$44.0M	31.5%	$673.9M	29/100
Bridgewater Bancshares, Inc. BWB	FY2025	$143.4M	$46.1M	32.1%	$564.6M	59/100
Home Bancorp, Inc. HBCP	FY2025	$148.7M	$46.1M	31.0%	$516.9M	52/100

Where First Business Financial Services, Inc. Ranks

Frequently Asked Questions

What is First Business Financial Services, Inc.'s annual revenue?

First Business Financial Services, Inc. (FBIZ) reported $168.6M in total revenue for fiscal year 2025. This represents a 9.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Business Financial Services, Inc.'s revenue growing?

First Business Financial Services, Inc. (FBIZ) revenue grew by 9.9% year-over-year, from $153.5M to $168.6M in fiscal year 2025.

Is First Business Financial Services, Inc. profitable?

Yes, First Business Financial Services, Inc. (FBIZ) reported a net income of $50.3M in fiscal year 2025, with a net profit margin of 29.8%.

What is First Business Financial Services, Inc.'s net profit margin?

First Business Financial Services, Inc. (FBIZ) had a net profit margin of 29.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Business Financial Services, Inc. pay dividends?

Yes, First Business Financial Services, Inc. (FBIZ) paid $1.16 per share in dividends during fiscal year 2025.

What is First Business Financial Services, Inc.'s return on equity (ROE)?

First Business Financial Services, Inc. (FBIZ) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Business Financial Services, Inc.'s free cash flow?

First Business Financial Services, Inc. (FBIZ) generated $61.1M in free cash flow during fiscal year 2025. This represents a 6.7% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is First Business Financial Services, Inc.'s operating cash flow?

First Business Financial Services, Inc. (FBIZ) generated $61.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Business Financial Services, Inc.'s total assets?

First Business Financial Services, Inc. (FBIZ) had $4.1B in total assets as of fiscal year 2025, including both current and long-term assets.

What are First Business Financial Services, Inc.'s capital expenditures?

First Business Financial Services, Inc. (FBIZ) invested $595K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does First Business Financial Services, Inc. buy back shares?

Yes, First Business Financial Services, Inc. (FBIZ) spent $1.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does First Business Financial Services, Inc. have outstanding?

First Business Financial Services, Inc. (FBIZ) had 8M shares outstanding as of fiscal year 2025.

What is First Business Financial Services, Inc.'s debt-to-equity ratio?

First Business Financial Services, Inc. (FBIZ) had a debt-to-equity ratio of 9.99 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Business Financial Services, Inc.'s return on assets (ROA)?

First Business Financial Services, Inc. (FBIZ) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Business Financial Services, Inc.'s P/E ratio?

First Business Financial Services, Inc. (FBIZ) trades at 10.6x earnings, its market capitalization divided by net income of $55.5M net income, trailing 12 months to June 30, 2026. The market capitalization is $587.0M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is First Business Financial Services, Inc.'s price-to-sales ratio?

First Business Financial Services, Inc. (FBIZ) trades at 3.3x sales, its market capitalization divided by revenue of $177.8M revenue, trailing 12 months to June 30, 2026. The market capitalization is $587.0M as of Oct 12, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is First Business Financial Services, Inc.'s Piotroski F-Score?

First Business Financial Services, Inc. (FBIZ) has a Piotroski F-Score of 5 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Business Financial Services, Inc.'s earnings high quality?

First Business Financial Services, Inc. (FBIZ) has an earnings quality ratio of 1.23x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Business Financial Services, Inc.?

First Business Financial Services, Inc. (FBIZ) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.