FBIZ Stock Overview

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. More details

FBIZ fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	2/6
Past Performance	5/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 57.3% below our estimate of its fair value

Earnings are forecast to grow 7.45% per year

Earnings grew by 23.2% over the past year

Pays a reliable dividend of 1.94%

Trading at good value compared to peers and industry

Risk Analysis

Significant insider selling over the past 3 months

Community Narratives

Create a narrative

Narratives bring a range of perspectives from our community.

Analyst Price Target

Consensus Narrative from 5 Analysts

Expansion Into Wealth Management And Technology Will Strengthen Future Prospects

Key Takeaways Strategic expansion into new markets and emphasis on Wealth Management could drive fee income growth and strengthen geographic presence. Investment in technology and niche lending aims to boost productivity, diversify revenue, and sustain earnings amidst competitive deposit rate pressures.

View narrative

US$55.25

6.5% undervalued

11.14%

Revenue growth p.a.

4 days ago

My Notes

Capture your thoughts, links and company narrative

First Business Financial Services, Inc. Competitors

American Business Bank

OTCPK:AMBZ

US$418.8m

Home Bancorp

NasdaqGS:HBCP

US$406.2m

Sierra Bancorp

NasdaqGS:BSRR

US$422.1m

Farmers & Merchants Bancorp

NasdaqCM:FMAO

US$368.1m

Price History & Performance

Summary of share price highs, lows and changes for First Business Financial Services
Historical stock prices
Current Share Price	US$51.66
52 Week High	US$52.98
52 Week Low	US$32.56
Beta	0.87
1 Month Change	14.47%
3 Month Change	20.50%
1 Year Change	46.72%
3 Year Change	54.19%
5 Year Change	101.64%
Change since IPO	297.38%

Recent updates

Analysts Have Made A Financial Statement On First Business Financial Services, Inc.'s (NASDAQ:FBIZ) Third-Quarter Report

Oct 31

First Business Financial Services' (NASDAQ:FBIZ) Shareholders Will Receive A Bigger Dividend Than Last Year

May 04

First Business Financial Services GAAP EPS of $1.29 beats by $0.39, revenue of $30.53M beats by $1.2M

Jul 28

First Business Financial: Outlook On Top-Line Growth Remains Positive

Mar 23

First Business Financial Services (NASDAQ:FBIZ) Is Paying Out A Larger Dividend Than Last Year

Feb 03

First Business Financial Services declares $0.18 dividend

Apr 30

Increases to First Business Financial Services, Inc.'s (NASDAQ:FBIZ) CEO Compensation Might Cool off for now

Apr 24

Have Insiders Been Buying First Business Financial Services, Inc. (NASDAQ:FBIZ) Shares This Year?

Mar 14

Shareholder Returns

	FBIZ	US Banks	US Market
7D	8.8%	0.9%	-0.8%
1Y	46.7%	41.1%	22.7%

Return vs Industry: FBIZ exceeded the US Banks industry which returned 41.1% over the past year.

Return vs Market: FBIZ exceeded the US Market which returned 22.7% over the past year.

Price Volatility

Is FBIZ's price volatile compared to industry and market?
FBIZ volatility
FBIZ Average Weekly Movement	5.6%
Banks Industry Average Movement	5.1%
Market Average Movement	6.4%
10% most volatile stocks in US Market	18.7%
10% least volatile stocks in US Market	3.2%

Stable Share Price: FBIZ has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: FBIZ's weekly volatility (6%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1909	353	Corey Chambas	www.firstbusiness.bank

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 real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing loans and leases, 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.

First Business Financial Services, Inc. Fundamentals Summary

How do First Business Financial Services's earnings and revenue compare to its market cap?
FBIZ fundamental statistics
Market cap	US$428.46m
Earnings (TTM)	US$43.37m
Revenue (TTM)	US$144.63m

9.9x

P/E Ratio

1.3x

P/B Ratio

Is FBIZ overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
FBIZ income statement (TTM)
Revenue	US$144.63m
Cost of Revenue	US$0
Gross Profit	US$144.63m
Other Expenses	US$101.26m
Earnings	US$43.37m

Last Reported Earnings

Dec 31, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	5.23
Gross Margin	100.00%
Net Profit Margin	29.99%
Debt/Equity Ratio	114.8%

How did FBIZ perform over the long term?

See historical performance and comparison

Dividends

1.9%

Current Dividend Yield

19%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/02/02 12:04
End of Day Share Price	2025/01/31 00:00
Earnings	2024/12/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Business Financial Services, Inc. is covered by 5 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Jeffrey Rulis	D.A. Davidson & Co.
Brian Martin	Janney Montgomery Scott LLC
Damon DelMonte	Keefe, Bruyette, & Woods

FBIZ Stock Overview

Rewards

Risk Analysis

Expansion Into Wealth Management And Technology Will Strengthen Future Prospects

First Business Financial Services, Inc. Competitors

OTCPK:AMBZ

US$418.8m

NasdaqGS:HBCP

US$406.2m

NasdaqGS:BSRR

US$422.1m

NasdaqCM:FMAO

US$368.1m

Price History & Performance

Recent News & Updates

Price target increased by 8.9% to US$58.60

Full year 2024 earnings: EPS and revenues exceed analyst expectations

First Business Financial Services, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024

Insufficient new directors

First Business Financial Services, Inc. to Report Q4, 2024 Results on Jan 31, 2025

Independent Director recently sold US$434k worth of stock

Recent updates

Price target increased by 8.9% to US$58.60

Full year 2024 earnings: EPS and revenues exceed analyst expectations

First Business Financial Services, Inc. Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2024

Insufficient new directors

First Business Financial Services, Inc. to Report Q4, 2024 Results on Jan 31, 2025

Independent Director recently sold US$434k worth of stock

Independent Director notifies of intention to sell stock

Investor sentiment improves as stock rises 18%

President recently sold US$274k worth of stock

Third quarter dividend of US$0.25 announced

First Business Financial Services, Inc. Declares Quarterly Cash Dividend on its Common Stock, Payable on November 20, 2024

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First Business Financial Services, Inc. to Report Q3, 2024 Results on Oct 24, 2024

New minor risk - Insider selling

Executive Vice President recently sold US$200k worth of stock

Executive Vice President notifies of intention to sell stock

Second quarter dividend of US$0.25 announced

Price target increased by 11% to US$47.60

First Business Financial Services, Inc. Declares Quarterly Cash Dividend on its Common Stock, Payable on August 21, 2024

Second quarter 2024 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 16%

High number of new directors

First quarter dividend of US$0.25 announced

First Business Financial Services, Inc. (NasdaqGS:FBIZ) announces an Equity Buyback for $5 million worth of its shares.

First Business Bank Declares Quarterly Cash Dividends, Payable on May 22, 2024

Mark Bugher to Retire from the Board of First Business Financial Services, Inc. at the Conclusion of AGM

First quarter 2024 earnings: EPS and revenues miss analyst expectations

First Business Financial Services, Inc., Annual General Meeting, Apr 26, 2024

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Fourth quarter dividend increased to US$0.25

First Business Financial Services, Inc. Announces the Resignation of Mark D. Bugher from the Board of Directors, Effective on or About April 26, 2024

First Business Financial Services, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on February 21, 2024

Price target increased by 8.5% to US$44.50

Full year 2023 earnings: Revenues and EPS in line with analyst expectations

Price target increased by 10% to US$42.75

First Business Financial Services, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on November 16, 2023

Analysts Have Made A Financial Statement On First Business Financial Services, Inc.'s (NASDAQ:FBIZ) Third-Quarter Report

First Business Financial Services, Inc. Declares Quarterly Cash Dividend on Its Common Stock, Payable on November 16 2023

Third quarter 2023 earnings: Revenues and EPS in line with analyst expectations

Chief Human Resources Officer recently sold US$260k worth of stock

Chief Human Resources Officer notifies of intention to sell stock

Price target increased by 8.5% to US$38.50

First Business Financial Services, Inc. Declares Quarterly Cash Dividend on Common Stock, Payable on August 17 2023

Second quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Independent Chair of the Board recently bought US$183k worth of stock

Investor sentiment improves as stock rises 16%

First Business Financial Services' (NASDAQ:FBIZ) Shareholders Will Receive A Bigger Dividend Than Last Year

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

First Business Financial Services, Inc. (NasdaqGS:FBIZ) announces an Equity Buyback for $5 million worth of its shares.

First Business Financial Services, Inc. Increases Quarterly Common Stock Dividend, Payable on February 16, 2023

Full year 2022 earnings: EPS exceeds analyst expectations

First Business Financial Services, Inc. Reports Unaudited Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

First Business Financial Services, Inc. Announces Executive Changes

General Counsel recently sold US$113k worth of stock

General Counsel recently sold US$113k worth of stock

Insufficient new directors

First Business Financial Services, Inc. Declares Quarterly Cash Dividend, Payable on November 17, 2022

Third quarter 2022 earnings: EPS and revenues exceed analyst expectations