First Business Financial Services Past Earnings Performance
Past criteria checks 4/6
First Business Financial Services has been growing earnings at an average annual rate of 10.2%, while the Banks industry saw earnings growing at 3.1% annually. Revenues have been growing at an average rate of 8.2% per year. First Business Financial Services's return on equity is 13.5%, and it has net margins of 30.4%.
Key information
10.21%
Earnings growth rate
10.72%
EPS growth rate
| Banks Industry Growth | 11.18% |
| Revenue growth rate | 8.20% |
| Return on equity | 13.51% |
| Net Margin | 30.37% |
| Last Earnings Update | 31 Mar 2026 |
Recent past performance updates
Recent updates
FBIZ: Cleaner Credit Costs And Earnings Visibility Will Support Future Rerating
Analysts have made only small tweaks to their models, with recent mixed price target revisions on First Business Financial Services that net to a modest change in the Street's view. This reflects updated assumptions around discount rate, growth, margins, and future P/E.FBIZ: Dividend Momentum And Cleaner Credit Costs Will Support Future Rerating
Analysts have trimmed the fair value estimate for First Business Financial Services by $1 to $65.60, reflecting updated assumptions on discount rates, revenue growth, profit margins, and future P/E multiples, informed by the mixed pattern of recent price target changes across the Street. Analyst Commentary Recent Street research on First Business Financial Services shows both upward and downward price target moves, which provides a useful snapshot of how opinions differ on valuation and execution risk.FBIZ: Dividend Momentum And Reset Expectations Will Support Future Rerating
Analysts have adjusted the price target on First Business Financial Services slightly lower to $66.60, with the move tied to refreshed assumptions around fair value, discount rate, revenue growth, profit margin, and forward P/E following recent Street research updates from major firms. Analyst Commentary Recent Street research on First Business Financial Services has focused on refining fair value estimates using updated assumptions around discount rates, revenue growth, profitability, and forward P/E.FBIZ: Dividend Track Record And Reset Expectations Will Support Future Re Rating
Analysts have raised their consolidated price target for First Business Financial Services by a mid single digit dollar amount, citing recent research that includes a $9 increase from Piper Sandler and a $4 increase from Keefe Bruyette. Underlying fair value estimates and key model inputs such as discount rate, revenue growth, profit margin and future P/E remain broadly unchanged.FBIZ: Dividend Discipline And Solid Execution Will Support Future Re Rating
Analysts have revised their price targets on First Business Financial Services higher by a combined $13 to reflect updated views on the bank's valuation, supported by recent research from multiple firms. Analyst Commentary Recent research points to a higher assessed value for First Business Financial Services, with analysts updating their price targets as they refresh models and assumptions for the bank.FBIZ: Dividend Momentum And Margin Execution Will Support Future Re Rating
Analysts have moved their price target for First Business Financial Services slightly lower to align with a fair value revision from about $67.25 to roughly $67.20. They point to modest tweaks in their discount rate, P/E assumptions, and margin outlook as the key drivers.FBIZ: Dividend Momentum And Earnings Assumptions Will Support Higher Future Re Rating
Analysts have lifted their price targets on First Business Financial Services by $4 to $9, citing adjusted assumptions around the discount rate, profit margin, and forward P/E, which together support an updated fair value of $67.25 per share. Analyst Commentary Bullish Takeaways Bullish analysts link the higher price targets to updated assumptions around the discount rate, suggesting they see the risk profile as adequately reflected in the new fair value of $67.25 per share.First Business Financial Services' (NASDAQ:FBIZ) Upcoming Dividend Will Be Larger Than Last Year's
First Business Financial Services, Inc.'s ( NASDAQ:FBIZ ) dividend will be increasing from last year's payment of the...FBIZ: Higher Earnings Quality And Dividend Increases Will Support Re Rating
The analyst price target for First Business Financial Services has increased from about $58.20 to roughly $67.25, with analysts attributing the change to updated assumptions around fair value, earnings quality, and P/E expectations as reflected in recent Street research. Analyst Commentary Bullish analysts lifting their price targets toward about $67.25 are generally basing their views on updated assumptions around fair value, earnings quality, and the P/E they believe the shares can support.Is Now The Time To Put First Business Financial Services (NASDAQ:FBIZ) On Your Watchlist?
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...
Digital Transformation And Critical Expansion Pave Path For Thriving Revenue Growth And Profitability
Strategic market expansions and niche lending focus are expected to drive organic revenue growth and diversification with potentially higher margins.Analysts Have Made A Financial Statement On First Business Financial Services, Inc.'s (NASDAQ:FBIZ) Third-Quarter Report
Investors in First Business Financial Services, Inc. ( NASDAQ:FBIZ ) had a good week, as its shares rose 3.9% to close...First Business Financial Services' (NASDAQ:FBIZ) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of First Business Financial Services, Inc. ( NASDAQ:FBIZ ) has announced that it will be paying its dividend...Revenue & Expenses Breakdown
How First Business Financial Services makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 26 | 163 | 50 | 94 | 0 |
| 31 Dec 25 | 160 | 48 | 92 | 0 |
| 30 Sep 25 | 158 | 49 | 91 | 0 |
| 30 Jun 25 | 151 | 46 | 89 | 0 |
| 31 Mar 25 | 149 | 45 | 88 | 0 |
| 31 Dec 24 | 145 | 42 | 87 | 0 |
| 30 Sep 24 | 140 | 38 | 85 | 0 |
| 30 Jun 24 | 139 | 37 | 85 | 0 |
| 31 Mar 24 | 136 | 35 | 83 | 0 |
| 31 Dec 23 | 136 | 35 | 82 | 0 |
| 30 Sep 23 | 135 | 36 | 82 | 0 |
| 30 Jun 23 | 134 | 36 | 80 | 0 |
| 31 Mar 23 | 136 | 39 | 79 | 0 |
| 31 Dec 22 | 132 | 39 | 76 | 0 |
| 30 Sep 22 | 127 | 38 | 72 | 0 |
| 30 Jun 22 | 123 | 36 | 71 | 0 |
| 31 Mar 22 | 118 | 34 | 69 | 0 |
| 31 Dec 21 | 119 | 35 | 68 | 0 |
| 30 Sep 21 | 114 | 32 | 68 | 0 |
| 30 Jun 21 | 106 | 28 | 66 | 0 |
| 31 Mar 21 | 95 | 23 | 63 | 0 |
| 31 Dec 20 | 85 | 17 | 61 | 0 |
| 30 Sep 20 | 84 | 16 | 60 | 0 |
| 30 Jun 20 | 83 | 17 | 58 | 0 |
| 31 Mar 20 | 87 | 20 | 58 | 0 |
| 31 Dec 19 | 87 | 23 | 57 | 0 |
| 30 Sep 19 | 82 | 21 | 56 | 0 |
| 30 Jun 19 | 83 | 21 | 55 | 0 |
| 31 Mar 19 | 80 | 18 | 54 | 0 |
| 31 Dec 18 | 78 | 16 | 52 | 0 |
| 30 Sep 18 | 75 | 16 | 50 | 0 |
| 30 Jun 18 | 70 | 13 | 48 | 0 |
| 31 Mar 18 | 68 | 12 | 47 | 0 |
| 31 Dec 17 | 68 | 12 | 47 | 0 |
| 30 Sep 17 | 76 | 12 | 46 | 0 |
| 30 Jun 17 | 70 | 12 | 46 | 0 |
| 31 Mar 17 | 72 | 14 | 46 | 0 |
| 31 Dec 16 | 70 | 15 | 46 | 0 |
| 30 Sep 16 | 68 | 15 | 45 | 0 |
| 30 Jun 16 | 75 | 16 | 45 | 0 |
| 31 Mar 16 | 74 | 17 | 43 | 0 |
| 31 Dec 15 | 72 | 16 | 43 | 0 |
| 30 Sep 15 | 70 | 16 | 40 | 0 |
| 30 Jun 15 | 65 | 15 | 36 | 0 |
Quality Earnings: FBIZ has high quality earnings.
Growing Profit Margin: FBIZ's current net profit margins (30.4%) are higher than last year (30%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: FBIZ's earnings have grown by 10.2% per year over the past 5 years.
Accelerating Growth: FBIZ's earnings growth over the past year (11%) exceeds its 5-year average (10.2% per year).
Earnings vs Industry: FBIZ earnings growth over the past year (11%) did not outperform the Banks industry 23%.
Return on Equity
High ROE: FBIZ's Return on Equity (13.5%) is considered low.
Return on Assets
Return on Capital Employed
Discover strong past performing companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/11 13:13 |
| End of Day Share Price | 2026/06/11 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
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 |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* 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.
Analysis Model and Snowflake
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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 Github.
Analyst Sources
First Business Financial Services, Inc. is covered by 5 analysts. 5 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. |
| null null | D.A. Davidson & Co. |
| Damon DelMonte | Keefe, Bruyette, & Woods |