What is First Business Finl Svcs Inc W's earnings per share (EPS)?

First Business Finl Svcs Inc W (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 Finl Svcs Inc W Financials

FBIZ

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows First Business Finl Svcs Inc W (FBIZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 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 2026-04-24

Leverage turns modest asset returns into strong equity returns, while capital needs stay unusually light for this balance-sheet-driven business.

Across the recent period, return on assets improved from 1.1% to 1.2%. At the same time, debt-to-equity eased to 10.0x while return on equity still held near 13.5%, showing that slightly better asset-level earnings offset lower leverage rather than relying on extra balance-sheet stretch.

Because capital spending was only $595K in FY2025, free cash flow at $61.1M stayed almost identical to operating cash flow. That means cash generation is not being absorbed by heavy physical reinvestment; the economic engine is the balance sheet itself, not a large equipment or branch buildout.

Recent expansion has come from adding assets and matching them with funding flows, not from stockpiling cash. Even with total assets at $4.1B, cash fell to $39.5M, which suggests management is actively redeploying liquidity into the business rather than leaving much of it idle at year-end.

Financial Health Signals

Financial Profile 30/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of First Business Finl Svcs Inc W'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.

Growth

First Business Finl Svcs Inc W's revenue grew 6.1% year-over-year to $247.3M, a solid pace of expansion. This earns a growth score of 54/100.

Leverage

First Business Finl Svcs Inc W has elevated debt relative to equity (D/E of 9.99), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

First Business Finl Svcs Inc W converts 24.7% of revenue into free cash flow ($61.1M). This strong cash generation earns a score of 87/100.

Returns

First Business Finl Svcs Inc W's ROE of 13.5% shows moderate profitability relative to equity, earning a score of 41/100. This is up from 13.5% the prior year.

Piotroski F-Score Neutral

5/9

First Business Finl Svcs Inc W passes 5 of 9 financial strength tests. 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 Finl Svcs Inc W 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

Export CSV

Earnings & Revenue

Revenue

$247.3M

YoY+6.1%

5Y CAGR+21.3%

10Y CAGR+13.1%

First Business Finl Svcs Inc W generated $247.3M in revenue in fiscal year 2025. This represents an increase of 6.1% from the prior year.

EBITDA

N/A

Net Income

$50.3M

YoY+13.7%

5Y CAGR+24.3%

10Y CAGR+11.8%

First Business Finl Svcs Inc W reported $50.3M in net income in fiscal year 2025. This represents an increase of 13.7% from the prior year.

EPS (Diluted)

$5.94

YoY+14.2%

5Y CAGR+24.7%

10Y CAGR+12.1%

First Business Finl Svcs Inc W earned $5.94 per diluted share (EPS) in fiscal year 2025. This represents an increase of 14.2% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$61.1M

YoY+6.7%

5Y CAGR+18.3%

10Y CAGR+10.5%

First Business Finl Svcs Inc W generated $61.1M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 6.7% from the prior year.

Cash & Debt

$39.5M

YoY-75.0%

5Y CAGR-7.0%

10Y CAGR-10.0%

First Business Finl Svcs Inc W held $39.5M in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.16

YoY+16.0%

5Y CAGR+11.9%

10Y CAGR+10.2%

First Business Finl Svcs Inc W paid $1.16 per share in dividends in fiscal year 2025. This represents an increase of 16.0% from the prior year.

Shares Outstanding

YoY+0.4%

5Y CAGR-0.6%

10Y CAGR-0.4%

First Business Finl Svcs Inc W had 8M shares outstanding in fiscal year 2025. This represents an increase of 0.4% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

20.3%

YoY+1.4pp

5Y CAGR+2.3pp

10Y CAGR-2.4pp

First Business Finl Svcs Inc W's net profit margin was 20.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.4 percentage points from the prior year.

Return on Equity

13.5%

YoY+0.1pp

5Y CAGR+5.3pp

10Y CAGR+2.6pp

First Business Finl Svcs Inc W's ROE was 13.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$1.4M

YoY+9.4%

5Y CAGR-3.6%

10Y CAGR+3.9%

First Business Finl Svcs Inc W spent $1.4M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 9.4% from the prior year.

Capital Expenditures

$595K

YoY+166.8%

5Y CAGR+17.6%

10Y CAGR-2.8%

First Business Finl Svcs Inc W invested $595K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 166.8% from the prior year.

FBIZ Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$247.3M+6.1%	$233.1M+19.6%	$194.9M+60.6%	$121.4M+26.4%	$96.0M+1.9%	$94.2M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$67.9M+7.6%	$63.1M+3.4%	$61.1M+5.7%	$57.7M+11.7%	$51.7M+12.8%	$45.9M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$110.6M+1.6%	$108.9M+32.3%	$82.3M+258.8%	$22.9M+102.5%	$11.3M-33.8%	$17.1M
Income Tax	$10.1M+46.8%	$6.9M-31.7%	$10.1M-11.2%	$11.4M+1.0%	$11.3M+749.7%	$1.3M
Net Income	$50.3M+13.7%	$44.2M+19.5%	$37.0M-9.4%	$40.9M+14.3%	$35.8M+110.6%	$17.0M
EPS (Diluted)	$5.94+14.2%	$5.20+20.1%	$4.33-8.8%	$4.75+13.9%	$4.17+111.7%	$1.97

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$61.9M-1.4%	$62.8M-1.6%	$63.7M+4.0%	$61.3M+2.9%	$59.5M-1.0%	$60.1M+1.3%	$59.3M+2.4%	$57.9M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$18.5M-23.2%	$24.1M+38.3%	$17.4M+5.5%	$16.5M-1.3%	$16.7M-27.7%	$23.2M+52.3%	$15.2M-6.3%	$16.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$26.4M-5.8%	$28.0M-3.0%	$28.9M+5.0%	$27.5M+4.7%	$26.3M-2.6%	$27.0M-4.8%	$28.3M+3.5%	$27.4M
Income Tax	$2.2M-25.0%	$2.9M-2.9%	$3.0M+53.6%	$1.9M-14.9%	$2.3M+158.5%	$885K-62.4%	$2.4M+22.6%	$1.9M
Net Income	$12.2M-8.5%	$13.3M-7.4%	$14.4M+26.0%	$11.4M+2.2%	$11.2M-22.5%	$14.4M+36.9%	$10.5M+0.7%	$10.5M
EPS (Diluted)	$1.44-8.9%	$1.58-7.1%	$1.70+25.9%	$1.35+2.3%	$1.32-22.8%	$1.71+37.9%	$1.24+0.8%	$1.23

FBIZ Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$4.1B+5.9%	$3.9B+9.8%	$3.5B+17.8%	$3.0B+12.2%	$2.7B+3.3%	$2.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$39.5M-75.0%	$157.7M+13.0%	$139.5M+35.9%	$102.7M+79.8%	$57.1M+0.4%	$56.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M0.0%	$10.7M
Total Liabilities	$3.7B+5.3%	$3.5B+9.5%	$3.2B+18.5%	$2.7B+12.2%	$2.4B+2.5%	$2.4B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$371.6M+13.1%	$328.6M+13.5%	$289.6M+11.1%	$260.6M+12.1%	$232.4M+12.7%	$206.2M
Retained Earnings	$305.5M+15.0%	$265.8M+15.2%	$230.7M+13.4%	$203.5M+19.7%	$170.0M+21.1%	$140.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$4.3B+5.9%	$4.1B+1.2%	$4.0B+0.8%	$4.0B+1.5%	$3.9B+2.4%	$3.9B+3.7%	$3.7B-3.6%	$3.9B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$137.1M+247.3%	$39.5M-11.0%	$44.3M-64.0%	$123.2M-27.8%	$170.6M+8.2%	$157.7M+19.5%	$132.0M+62.8%	$81.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	$10.7M	N/A	N/A	N/A	$10.7M	N/A	N/A
Total Liabilities	$3.9B+6.2%	$3.7B+0.9%	$3.7B+0.5%	$3.7B+1.4%	$3.6B+2.4%	$3.5B+3.6%	$3.4B+2.8%	$3.3B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$380.1M+2.3%	$371.6M+3.7%	$358.3M+3.9%	$344.8M+2.6%	$336.1M+2.3%	$328.6M+5.3%	$312.0M+2.2%	$305.2M
Retained Earnings	$314.6M+3.0%	$305.5M+3.6%	$294.8M+4.2%	$283.1M+3.2%	$274.3M+3.2%	$265.8M+4.8%	$253.7M+3.4%	$245.4M

FBIZ Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$61.7M+7.3%	$57.5M+9.9%	$52.3M+35.3%	$38.6M+7.4%	$36.0M+35.1%	$26.6M
Capital Expenditures	$595K+166.8%	$223K-92.3%	$2.9M-10.5%	$3.2M+724.3%	$391K+48.1%	$264K
Free Cash Flow	$61.1M+6.7%	$57.3M+15.9%	$49.4M+39.5%	$35.4M-0.5%	$35.6M+35.0%	$26.4M
Investing Cash Flow	-$373.4M-13.7%	-$328.5M+35.2%	-$506.8M-106.7%	-$245.3M-120.9%	-$111.0M+75.6%	-$454.5M
Financing Cash Flow	$193.5M-33.1%	$289.2M-41.2%	$491.4M+94.8%	$252.2M+235.3%	$75.2M-82.0%	$417.7M
Dividends Paid	$9.7M+16.4%	$8.3M+9.8%	$7.6M+13.3%	$6.7M+8.5%	$6.2M+9.1%	$5.7M
Share Buybacks	$1.4M+9.4%	$1.3M-57.3%	$3.0M-51.5%	$6.1M+11.8%	$5.5M+227.6%	$1.7M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$3.1M-81.1%	$16.1M-12.3%	$18.4M+16.2%	$15.8M+40.2%	$11.3M-48.5%	$22.0M+59.2%	$13.8M+5.7%	$13.1M
Capital Expenditures	$135K+246.2%	$39K-73.3%	$146K-55.8%	$330K+312.5%	$80K+90.5%	$42K+106.8%	-$615K-254.1%	$399K
Free Cash Flow	$2.9M-81.9%	$16.1M-11.8%	$18.3M+17.7%	$15.5M+38.3%	$11.2M-48.8%	$21.9M+66.3%	$13.2M+4.2%	$12.7M
Investing Cash Flow	-$138.5M-171.0%	-$51.1M+54.8%	-$113.1M-1.1%	-$111.8M-14.7%	-$97.4M+4.6%	-$102.1M-53.2%	-$66.6M+13.4%	-$77.0M
Financing Cash Flow	$233.1M+674.3%	$30.1M+90.7%	$15.8M-67.5%	$48.5M-51.0%	$99.0M-6.5%	$105.9M+2.1%	$103.7M+42.1%	$73.0M
Dividends Paid	$2.9M+20.0%	$2.4M0.0%	$2.4M0.0%	$2.4M-1.1%	$2.4M+17.5%	$2.1M0.0%	$2.1M+0.1%	$2.1M
Share Buybacks	$811K+4968.8%	$16K+45.5%	$11K-98.1%	$586K-24.6%	$777K+5876.9%	$13K+8.3%	$12K-98.2%	$666K

FBIZ Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	20.3%+1.4pp	19.0%-0.0pp	19.0%-14.7pp	33.7%-3.6pp	37.3%+19.2pp	18.0%
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%
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%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	9.99-0.7	10.73-0.4	11.11+0.7	10.420.0	10.41-1.0	11.46
FCF Margin	24.7%+0.1pp	24.6%-0.8pp	25.4%-3.8pp	29.2%-7.9pp	37.1%+9.1pp	28.0%

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	19.7%-1.5pp	21.3%-1.3pp	22.6%+3.9pp	18.6%-0.1pp	18.8%-5.2pp	24.0%+6.2pp	17.7%-0.3pp	18.1%
Return on Equity	3.2%-0.4pp	3.6%-0.4pp	4.0%+0.7pp	3.3%-0.0pp	3.3%-1.1pp	4.4%+1.0pp	3.4%-0.1pp	3.4%
Return on Assets	0.3%-0.1pp	0.3%-0.0pp	0.4%+0.1pp	0.3%0.0pp	0.3%-0.1pp	0.4%+0.1pp	0.3%0.0pp	0.3%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	10.37+0.4	9.99-0.3	10.26-0.3	10.61-0.1	10.74+0.0	10.73-0.2	10.91+0.1	10.85
FCF Margin	4.7%-20.9pp	25.7%-3.0pp	28.6%+3.3pp	25.3%+6.5pp	18.9%-17.6pp	36.5%+14.3pp	22.2%+0.4pp	21.9%

Similar Companies

Acnb Corp ACNB

$553.3M

Red River Bancshares RRBI

$588.5M

Arrow Finl Corp AROW

$603.8M

Bridgewater Bancshares Inc BWB

$520.3M

Home Bancorp Inc HBCP

$506.4M

Frequently Asked Questions

What is First Business Finl Svcs Inc W's annual revenue?

First Business Finl Svcs Inc W (FBIZ) reported $247.3M in total revenue for fiscal year 2025. This represents a 6.1% 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 Finl Svcs Inc W's revenue growing?

First Business Finl Svcs Inc W (FBIZ) revenue grew by 6.1% year-over-year, from $233.1M to $247.3M in fiscal year 2025.

Is First Business Finl Svcs Inc W profitable?

Yes, First Business Finl Svcs Inc W (FBIZ) reported a net income of $50.3M in fiscal year 2025, with a net profit margin of 20.3%.

What is First Business Finl Svcs Inc W's net profit margin?

First Business Finl Svcs Inc W (FBIZ) had a net profit margin of 20.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Business Finl Svcs Inc W pay dividends?

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

What is First Business Finl Svcs Inc W's return on equity (ROE)?

First Business Finl Svcs Inc W (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 Finl Svcs Inc W's free cash flow?

First Business Finl Svcs Inc W (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 Finl Svcs Inc W's operating cash flow?

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

What are First Business Finl Svcs Inc W's total assets?

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

What are First Business Finl Svcs Inc W's capital expenditures?

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

Does First Business Finl Svcs Inc W buy back shares?

Yes, First Business Finl Svcs Inc W (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 Finl Svcs Inc W have outstanding?

First Business Finl Svcs Inc W (FBIZ) had 8M shares outstanding as of fiscal year 2025.

What is First Business Finl Svcs Inc W's debt-to-equity ratio?

First Business Finl Svcs Inc W (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 Finl Svcs Inc W's return on assets (ROA)?

First Business Finl Svcs Inc W (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 Finl Svcs Inc W's Piotroski F-Score?

First Business Finl Svcs Inc W (FBIZ) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. 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 Finl Svcs Inc W's earnings high quality?

First Business Finl Svcs Inc W (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 Finl Svcs Inc W?

First Business Finl Svcs Inc W (FBIZ) scores 30 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.