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
3Y+60.0%
5Y+132.0%
10Y+136.0%
3Y+52.0%
5Y-18.0%
10Y+743.0%
3Y-23.0%
5Y-54.0%
10Y-1181.0%
FBIZ

First Business Financial Services, Inc. Cash Conversion Engine

FBIZ ยท NASDAQ
Net Income50.32M
Depreciation & Amortization0.00
Stock-Based Compensation0.00
Change in Working Capital-3.15M
Others14.53M
Capital Expenditures-595.00K
Free Cash Flow61.10M

Cash Flow Quality Analysis

FCF Conversion Rate

121.4%

Excellent cash generation. The company converts earnings to cash at or above 100%, indicating high-quality earnings.

CapEx Intensity

1.0%

Asset-light business model. Low capital requirements leave more cash available for shareholders and growth investments.

FCF Growth Trend

+6.7%

Steady FCF growth indicates consistent cash generation improvement. On a positive trajectory.

Working Capital Impact

-$3.15M

Minimal working capital impact on FCF. Changes in operating assets and liabilities well-managed.

Cash Flow Quality Insight

Asset-light with strong cash conversion: Low capital requirements combined with efficient cash generation creates significant shareholder value through dividends, buybacks, or strategic investments.

First Business Financial Services, Inc. Cash Flow Statement

FBIZ โ€ข NASDAQ

First Business Financial Services, Inc. Cash Flow StatementDec 2025Dec 2024Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019Dec 2018Dec 2017Dec 2016Dec 2015Dec 2014Dec 2013Dec 2012Dec 2011Dec 2010Dec 2009Dec 2008Dec 2007Dec 2006
OPERATING ACTIVITIES
50.3M
44.2M
37M
40.9M
35.8M
17M
23.3M
16.3M
11.9M
14.9M
16.5M
14.1M
13.7M
8.9M
8.4M
941K
1M
3.1M
3.3M
3.7M
0.0
3.7M
3.6M
4.1M
3.6M
3.5M
3M
1.5M
1.6M
1.5M
-90K
1.9M
2.3M
3.1M
2.4M
1.6M
847K
538K
475K
602K
0.0
-3.5M
2.1M
-775K
1.2M
-2M
-2.7M
-432K
1.5M
-1.1M
1.2M
1.4M
2.4M
-1.9M
2M
-2.4M
-570K
-446K
-392K
-836K
0.0
2.8M
3M
2.6M
2.5M
1.9M
1.6M
1M
1.1M
994K
1.1M
887K
660K
548K
579K
523K
643K
626K
0.0
0.0
14.5M
8.5M
14.1M
-3.2M
-1.6M
14.3M
5.4M
6.8M
8.5M
13.3M
5.6M
-1.9M
-1.4M
4.7M
4.7M
9.3M
7.9M
4.6M
2.6M
2M
(3.3M)
(158K)
(7.5M)
(8M)
(14.5M)
(3.5M)
(1.3M)
(1.1M)
(2.2M)
(5.6M)
(5.7M)
(7.2M)
(6.1M)
(5.7M)
(3.1M)
(5M)
(967K)
(1.9M)
(0.0)
(0.0)
-3.1M
1.7M
-7.5M
-4.9M
-5.5M
-8M
-1.7M
140K
-2.2M
-3.5M
-991K
-4.5M
-1.8M
655K
-445K
1.9M
-8.9M
-103K
1.8M
-952K
61.7M
57.5M
52.3M
38.6M
36M
26.6M
29M
25.3M
22.4M
26.2M
23.2M
11.9M
15.9M
16M
17.6M
11.8M
967K
8.4M
7.7M
4.5M
INVESTING ACTIVITIES
(0.0)
-223K
-2.9M
-3.2M
-391K
-264K
-225K
-969K
-1.2M
-584K
-789K
-3.2M
-531K
-561K
-411K
-131K
-188K
-496K
-856K
-283K
(0.0)
(0.0)
(0.0)
(315K)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
(0.0)
-12M
(0.0)
(0.0)
-210K
-450K
-300K
(0.0)
(0.0)
(0.0)
(0.0)
-165.2M
-132.5M
-88.7M
-97M
-72.1M
-94.1M
-58.7M
-69.2M
-65.8M
-41.3M
-61.4M
-49.3M
-90.4M
-62.2M
-74.3M
-60M
-38.4M
-18.9M
-30.8M
0.0
103.8M
31.3M
47.9M
72.7M
68.1M
64M
45M
85.1M
53.4M
47.7M
47.1M
62.5M
57M
44.2M
42.4M
47.7M
28.3M
22M
24.1M
-373.4M
-266.8M
-402.7M
-201.6M
-86.3M
-450.3M
-101.2M
-123.2M
-60.9M
-31.4M
-155.2M
-303.2M
-67.6M
-65.8M
19.4M
-28.5M
-6.8M
-76.6M
-135.3M
-108.7M
-373.4M
-328.5M
-506.8M
-245.3M
-111M
-454.5M
-131.5M
-137.9M
-46.4M
-44.3M
-149.6M
-332.7M
-54.9M
-99.8M
(716K)
-60.9M
-19.6M
-87.2M
-132.9M
-115.6M
FINANCING ACTIVITIES
-1.2M
-1.3M
-3M
-6.1M
-5.5M
-1.7M
-7.2M
-533K
-323K
-467K
-946K
14.8M
-1.8M
26.9M
-103K
-55K
-65K
-52K
-806K
115K
-68M
-10.9M
-125.9M
43.3M
-15.7M
99.8M
20.5M
91.1M
148.3M
25M
1.4M
21.5M
-469K
-27.9M
-1.2M
-16M
-37M
22.9M
-11M
42.9M
-10.6M
-9.2M
-8.5M
-7.4M
-6.2M
-5.7M
-5.2M
-4.9M
-4.5M
-4.2M
-3.8M
-3.4M
-2.5M
-738K
-729K
-711K
-711K
-693K
-644K
-595K
-1.4M
-1.3M
-3M
-6.1M
-5.5M
-1.7M
-7.2M
-533K
-323K
-467K
-946K
-1.8M
-1.8M
-216K
-103K
-55K
-65K
-52K
(0.0)
(0.0)
273.3M
310.5M
628.7M
210.4M
102.6M
325.2M
75.1M
61M
-144.5M
-38.3M
140M
309.9M
39.4M
41.1M
63M
3.9M
145.5M
62.8M
135.8M
71.4M
193.5M
289.2M
491.4M
252.2M
75.2M
417.7M
83.1M
146.6M
-1M
-17.9M
136.7M
342.8M
34.7M
39.3M
61M
-12.9M
107.7M
84.9M
123.4M
113.8M
CASH FLOW SUMMARY
-118.2M
18.2M
36.8M
45.6M
201K
-10.2M
-19.4M
34M
-25M
-36M
10.3M
22M
-4.3M
-44.5M
79.3M
-61.9M
89.1M
6.1M
-1.8M
2.8M
157.7M
139.5M
102.7M
57.1M
56.9M
67.1M
86.5M
52.5M
77.5M
113.6M
103.2M
81.3M
85.6M
130.1M
50.8M
112.7M
23.7M
17.6M
19.5M
16.7M
39.5M
157.7M
139.5M
102.7M
57.1M
56.9M
67.1M
86.5M
52.5M
77.5M
113.6M
103.2M
81.3M
85.6M
130.1M
50.8M
112.7M
23.7M
17.6M
19.5M
61.1M
57.3M
49.4M
35.4M
35.6M
26.4M
28.8M
24.3M
21.2M
25.6M
22.4M
8.7M
15.4M
15.4M
17.2M
11.7M
779K
7.9M
6.9M
4.3M

SEC Filings

FBIZ - Filing history and reports

Filing TypeFiling DatePeriod EndingFiscal YearActions
8-K

8-K 2026

N/A

May 28, 2026
May 22, 2026
2026
8-K/A

8-K/A 2026 (Amended)

N/A

May 11, 2026
April 15, 2026
2026
8-K

8-K 2026

N/A

May 05, 2026
May 05, 2026
2026
8-K

8-K 2026

N/A

April 29, 2026
April 24, 2026
2026
10-Q

10-Q 2026 Q1

Q1

April 24, 2026
March 31, 2026
2026
8-K

8-K 2026

N/A

April 23, 2026
April 23, 2026
2026
8-K

8-K 2026

N/A

April 16, 2026
April 15, 2026
2026
8-K

8-K 2026

N/A

April 14, 2026
April 09, 2026
2026
8-K

8-K 2026

N/A

March 12, 2026
March 12, 2026
2026
DEF 14A

DEF 14A 2026

N/A

March 05, 2026
March 05, 2026
2026
Showing 1 to 10 of 402 filings