20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.
First Business Financial Services (FBIZ) operates in the BANKS - REGIONAL industry and is headquartered in Madison, United States with about 349 employees. Its market capitalization is roughly $639 million. In the fiscal year ended 2025-12-31, FBIZ reported $279M in revenue and $50M in net income.
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.
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| Income statement | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $288M | $279M | $262M | $89M | $151M | $124M | $119M | $121M | $107M | $90M | $92M | $89M | $68M | $62M | $63M | $63M | $63M | $63M | $65M | $64M | $51M |
| Gross Profit | $169M | $160M | $145M | $89M | $132M | $119M | $85M | $87M | $76M | $66M | $68M | $72M | $55M | $52M | $42M | $38M | $32M | $26M | $27M | $25M | $21M |
| Gross Margin % | 58.9% | 57.3% | 55.1% | 100.0% | 87.4% | 95.5% | 71.4% | 71.6% | 70.8% | 73.7% | 73.3% | 80.8% | 81.1% | 82.7% | 66.7% | 60.5% | 50.0% | 41.8% | 41.7% | 38.7% | 41.1% |
| Operating Income (EBIT) | $65M | $60M | $51M | $23M | $52M | $47M | $18M | $24M | $18M | $14M | $17M | $25M | $21M | $21M | $14M | $12M | $3M | $2M | $5M | $5M | $5M |
| Operating Margin % | 22.5% | 21.6% | 19.5% | 25.4% | 34.6% | 37.9% | 15.4% | 20.2% | 16.4% | 15.9% | 18.5% | 27.8% | 31.3% | 34.0% | 21.6% | 18.8% | 5.2% | 2.8% | 8.0% | 7.9% | 10.6% |
| Net Income | $56M | $50M | $44M | $17M | $41M | $36M | $17M | $23M | $16M | $12M | $15M | $17M | $14M | $14M | $9M | $8M | $1M | $1M | $3M | $3M | $4M |
| Net Margin % | 19.3% | 18.0% | 16.9% | 19.4% | 27.1% | 28.8% | 14.3% | 19.2% | 15.2% | 13.3% | 16.1% | 18.5% | 20.8% | 22.1% | 14.1% | 13.3% | 1.5% | 1.7% | 4.8% | 5.1% | 7.3% |
| EBITDA | $69M | $64M | $55M | $23M | $56M | $51M | $22M | $28M | $19M | $16M | $19M | $25M | $23M | $23M | $17M | $14M | $5M | $3M | $6M | $6M | $6M |
| Earnings Per Share (EPS) | $6.79 | $6.17 | $5.43 | $2.13 | $4.97 | $4.30 | $2.03 | $2.74 | $1.89 | $1.38 | $1.74 | $1.93 | $1.79 | $1.75 | $1.14 | $1.68 | $0.19 | $0.21 | $0.64 | $0.66 | $0.75 |
| Shares Outstanding (M) | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 9M | 9M | 9M | 9M | 9M | 8M | 8M | 8M | 5M | 5M | 5M | 5M | 5M | 5M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly income statement | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | $74M | $71M | $70M | $73M | $69M | $67M | $68M | $66M |
| Gross Profit | $45M | $41M | $40M | $43M | $38M | $38M | $38M | $36M |
| Gross Margin % | 60.7% | 58.5% | 57.5% | 58.7% | 55.9% | 56.9% | 56.5% | 54.2% |
| Operating Income (EBIT) | $17M | $14M | $16M | $17M | $13M | $13M | $15M | $13M |
| Operating Margin % | 22.8% | 20.3% | 23.1% | 23.7% | 19.5% | 20.1% | 22.5% | 19.4% |
| Net Income | $16M | $12M | $13M | $14M | $11M | $11M | $14M | $11M |
| Net Margin % | 21.2% | 17.3% | 19.0% | 19.6% | 16.7% | 16.7% | 21.2% | 15.8% |
| EBITDA | $18M | $15M | $17M | $18M | $14M | $14M | $16M | $14M |
| Earnings Per Share (EPS) | $1.90 | $1.49 | $1.63 | $1.77 | $1.40 | $1.37 | $1.78 | $1.30 |
| Shares Outstanding (M) | 8M | 8M | 8M | 8M | 8M | 8M | 8M | 8M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Cash flow | TTM → 2026-06-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $81M | $62M | $57M | $54M | $39M | $36M | $27M | $29M | $25M | $22M | $26M | $23M | $12M | $16M | $16M | $18M | $12M | $1M | $8M | $8M | $5M |
| Capital Expenditures (CapEx) | $0M | $1M | $0M | $4M | $3M | $0M | $0M | $0M | $1M | $1M | $1M | $1M | $3M | $1M | $1M | $0M | $0M | $0M | $0M | $1M | $0M |
| Free Cash Flow (FCF) | $81M | $61M | $57M | $51M | $35M | $36M | $26M | $29M | $24M | $21M | $26M | $22M | $9M | $15M | $15M | $17M | $12M | $1M | $8M | $7M | $4M |
| FCF Margin % | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Dividends Paid | $12M | $11M | $9M | $0M | $7M | $6M | $6M | $5M | $5M | $5M | $4M | $4M | $3M | $2M | $1M | $1M | $1M | $1M | $1M | $1M | $1M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Quarterly cash flow | 2026-09-30 | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations (CFO) | $6M | $44M | $3M | $16M | $18M | $16M | $11M | $22M | $14M |
| Capital Expenditures (CapEx) | $0M | $0M | $0M | $0M | $0M | $0M | $0M | $0M | $1M |
| Free Cash Flow (FCF) | $5M | $44M | $3M | $16M | $18M | $16M | $11M | $22M | $13M |
| FCF Margin % | — | — | — | — | — | — | — | — | — |
| Dividends Paid | — | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $2M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
| Balance sheet | 2026-09-30 | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 | 2010-12-31 | 2009-12-31 | 2008-12-31 | 2007-12-31 | 2006-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $4.4B | $4.1B | $3.9B | $3.5B | $3.0B | $2.7B | $2.6B | $2.1B | $2.0B | $1.8B | $1.8B | $1.8B | $1.6B | $1.3B | $1.2B | $1.2B | $1.1B | $1.1B | $1.0B | $918M | $788M |
| Cash & Cash Equivalents | $92M | $31M | $158M | $140M | $103M | $57M | $57M | $67M | $87M | $53M | $78M | $114M | $103M | $81M | $86M | $130M | $9M | $9M | $19M | $17M | $19M |
| Total Liabilities | $4.0B | $3.7B | $3.5B | $3.2B | $2.7B | $2.4B | $2.4B | $1.9B | $1.8B | $1.6B | $1.6B | $1.6B | $1.5B | $1.2B | $1.1B | $1.1B | $1.1B | $1.1B | $958M | $870M | $743M |
| Total Debt (Short + Long-Term) | — | $379M | $438M | $453M | $300M | $589M | $276M | $10M | $147M | $47M | $80M | $56M | $11M | $10M | $10M | $10M | $50M | $52M | $68M | $50M | $41M |
| Total Shareholders' Equity | $405M | $372M | $329M | $290M | $261M | $232M | $206M | $194M | $181M | $169M | $162M | $151M | $138M | $109M | $100M | $64M | $55M | $54M | $53M | $49M | $46M |
USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).
Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive FBIZ viewer.
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