First Business Financial Services, Inc.

First Business Financial Services, Inc.

FBIZยทNASDAQ

$55.79

-2.8%
Financial ServicesBanks - Regional

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. The company offers deposit products, such as non-interest-bearing transaction accounts, interest-bearing transaction accounts, money market accounts, time deposits, and certificates of deposit, as well as credit cards. It also provides loan products, including commercial real estate loans, commercial and industrial loans, small business administration loans, and direct financing leases, as well as consumer and other loans comprising home equity, first and second mortgage, and other personal loans for professional and executive clients. The company offers commercial lending, asset-based lending, equipment financing, accounts receivable financing, vendor financing, floorplan financing, treasury management services, and company retirement plans; trust and estate administration, financial planning, investment management, and private banking services; and investment portfolio administrative, asset-liability management, and asset-liability management process validation services for other financial institutions. First Business Financial Services, Inc. was founded in 1909 and is headquartered in Madison, Wisconsin.

At a Glance

Live Snapshot
Market Cap$466.53M
EPS6.0600
P/E Ratio9.21
Earnings Date07/23/2026
First Business Financial Services, Inc.

First Business Financial Services, Inc. Fair Value Envelope

FBIZ ยท NASDAQ

Our analysis suggests that FBIZ has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $55.79, this represents a potential HIDDEN relative to our calculated worth for First Business Financial Services, Inc..

Intrinsic Value
Current Price: $55.79

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.5B
+ Cash & Equivalents$30.8M
Firm Value$1.5B
- Debt$259.4M
Equity Value$1.3B
/ Shares Outstanding8,324,045B
DCF Value$153
UNDERVALUED BY 174%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$65.8M
$70.2M
$74.9M
$79.9M
$85.3M
$91.0M
$97.1M
$103.6M
$110.5M
$117.9M
Maintenance CapEx
-$127.0K
-$135.5K
-$144.5K
-$154.2K
-$164.5K
-$175.5K
-$187.3K
-$199.8K
-$213.2K
-$227.5K
Owner Earnings
$65.7M
$70.1M
$74.8M
$79.8M
$85.1M
$90.8M
$96.9M
$103.4M
$110.3M
$117.7M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$60.8M
$60.1M
$59.4M
$58.7M
$57.9M
$57.2M
$56.5M
$55.9M
$55.2M
$54.5M
Terminal Value represents 61.7% of Enterprise Value