First Business Financial Services, Inc. (FBIZ)

FBIZ Financials Overview

Financials in millions USD. Fiscal year is January - December.

Revenue & Profits

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue Revenue Growth	169.43	159.97	144.63	135.71	131.72	118.57
Revenue Growth	12.24%	10.61%	6.57%	3.03%	11.09%	39.80%
Net Income Net Income Growth	53.66	48.49	42.34	35.21	39.07	34.7
Earnings Per Share EPS Growth	6.56	5.94	5.20	4.33	4.75	4.17
EPS Growth	17.11%	14.32%	20.00%	-8.82%	13.88%	111.67%

Cash & Debt

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash & Investments Cash & Investments Growth	79.09	68.3	95.66	88.31	94.76	36.45
Total Debt Total Debt Growth	393.23	296.34	385.04	391.82	528.4	447.22
Net Cash (Debt) Net Cash Growth	-314.14	-228.04	-289.38	-303.51	-433.64	-410.76
Net Cash Growth	-	-	-	-	-	-
Net Cash Per Share Net Cash Per Share Growth	-38.38	-27.95	-35.51	-37.33	-52.71	-49.40

Cash Flow & CapEx

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating Cash Flow Operating Cash Flow Growth	81.4	61.7	57.49	52.29	38.65	35.99
Capital Expenditures CapEx Growth	-0.48	-0.6	-0.22	-2.88	-3.22	-0.39
Free Cash Flow Free Cash Flow Growth	80.91	61.1	57.27	49.41	35.42	35.6
Free Cash Flow Growth	28.29%	6.69%	15.91%	39.48%	-0.50%	35.00%

Margins

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Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Profit Margin	31.67%	30.31%	29.27%	25.95%	29.66%	29.27%
FCF Margin	47.75%	38.20%	39.60%	36.41%	26.89%	30.03%

Dividends

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Dividend Per Share Dividend Per Share Growth	1.360	1.160	1.000	0.910	0.790	0.720
Dividend Per Share Growth	16.96%	16.00%	9.89%	15.19%	9.72%	9.09%
Dividend Yield	1.92%	2.17%	2.25%	2.42%	2.38%	2.77%

Valuation

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Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 20, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
PE Ratio	10.80	9.32	9.07	9.47	7.89	7.05
Forward PE	10.68	9.41	9.11	8.65	8.36	8.62
P/FCF Ratio	7.32	7.40	6.71	6.75	8.70	6.88
PS Ratio	3.50	2.83	2.66	2.46	2.34	2.06

Data Source: S&P Global Market Intelligence Last updated: Jun 30, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 20, 2026

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