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FIRST BUSINESS FINANCIAL SERVICES, INC.

FBIZ

$71.09 ▼ -0.82 (-1.14%) at close

17 Visible periods

36 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Excellent

Bullish

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Analytical Summary

FIRST BUSINESS FINANCIAL SERVICES, INC. shows strong fundamentals with top-quartile Return on Common Equity (%) and Profit Margin (%). The company's metrics support a bullish outlook for growth-oriented investors.

Market Cap $580.0M

Dividend Yield 1.63%

Revenue Growth 9.9% ↗

Op. Margin 35.9% ↗

ROIC None

FCF / Share None

Trailing P/E 12.0x

Price / Book 1.6x

FCF Yield —

Debt / Equity —

info Valuation on last close. End-of-day price, Aug 7, 2026.

17-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$168.63M

↑ +9.9% —

Net Income Profit after all expenses

$50.32M

↑ +13.7% —

Operating Margin Operating profit as % of sales

35.9%

↑ +7.6% 91th

Long-Term Debt Long-term obligations

$22.24M

↓ -55.3% —

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Bullish Indicators

Operating Margin (%)Operating Margin (%) is in the top quartile
Profit Margin (%)Profit Margin (%) is in the top quartile
Return on Common Equity (%)Return on Common Equity (%) is in the top quartile

warning

Bearish Risks

No bearish risks detected.

Health Breakdown

Profitability →

Returns ↓

Dividend History

Dividend / share · sourced from SEC filings

$1.16 Latest / share

+16.0% YoY

+9.7% 12-yr CAGR

$0.42

FY 2014

$0.44

FY 2015

$0.48

FY 2016

$0.52

FY 2017

$0.56

FY 2018

$0.60

FY 2019

$0.66

FY 2020

$0.72

FY 2021

$0.79

FY 2022

$0.91

FY 2023

$1.00

FY 2024

$1.16

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue Growth YoY (%)	9.9% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+65%)	6.6% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+11%)	12.6% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+109%)	13.4% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+123%)	8.4% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+40%)	11.5% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+92%)	9.1% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+51%)	10.7% Good ↓ Good Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+78%)	-5.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-183%)	7.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+25%)	34.5% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+476%)	11.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+87%)	8.5% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+42%)	9.5% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+59%)	9.9% Fair Fair Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+65%)	—	—
EPS Growth YoY (%)	14.2% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	20.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	-8.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	13.9% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	111.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-26.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	44.1% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	36.8% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-20.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-10.0% Weak ↑ Weak Improving Year-over-year change in earnings per share Optimal: > 10%	8.0% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-49.7% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	6.1% Fair ↓ Fair Declining Year-over-year change in earnings per share Optimal: > 10%	2.2% Caution Caution Year-over-year change in earnings per share Optimal: > 10%	773.0% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	—	—
Net Income Growth YoY (%)	13.7% Fair ↑ Fair Improving Year-over-year change in net income	19.5% Good ↓ Good Declining Year-over-year change in net income	-9.4% Weak ↓ Weak Declining Year-over-year change in net income	14.3% Fair ↓ Fair Declining Year-over-year change in net income	110.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-27.2% Weak ↓ Weak Declining Year-over-year change in net income	43.1% Excellent ↑ Excellent Improving Year-over-year change in net income	36.9% Excellent ↑ Excellent Improving Year-over-year change in net income	-20.1% Weak ↓ Weak Declining Year-over-year change in net income	-9.7% Weak ↓ Weak Declining Year-over-year change in net income	16.8% Good ↓ Good Declining Year-over-year change in net income	2.9% Caution ↓ Caution Declining Year-over-year change in net income	54.0% Excellent ↓ Excellent Declining Year-over-year change in net income	5.9% Fair Fair Year-over-year change in net income	795.3% Excellent Excellent Year-over-year change in net income	—	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	9.7% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	10.8% Good → Good Stable Compound annual revenue growth over 3 years	11.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	11.1% Good ↑ Good Improving Compound annual revenue growth over 3 years	9.7% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	10.4% Good ↑ Good Improving Compound annual revenue growth over 3 years	4.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	4.2% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	11.2% Good ↓ Good Declining Compound annual revenue growth over 3 years	17.2% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	17.5% Excellent ↑ Excellent Improving Compound annual revenue growth over 3 years	9.8% Fair Fair Compound annual revenue growth over 3 years	9.3% Fair Fair Compound annual revenue growth over 3 years	—	—	—	—
Revenue CAGR 5Y (%)	10.1% Good → Good Stable Compound annual revenue growth over 5 years	10.5% Good ↑ Good Improving Compound annual revenue growth over 5 years	11.0% Good ↑ Good Improving Compound annual revenue growth over 5 years	10.6% Good ↑ Good Improving Compound annual revenue growth over 5 years	6.8% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	6.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	10.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	11.1% Good ↓ Good Declining Compound annual revenue growth over 5 years	10.7% Good ↓ Good Declining Compound annual revenue growth over 5 years	13.8% Excellent Excellent Compound annual revenue growth over 5 years	14.3% Excellent Excellent Compound annual revenue growth over 5 years	—	—	—	—	—	—
EPS CAGR 3Y (%)	7.7% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	7.6% Fair ↓ Fair Declining Compound annual EPS growth over 3 years	30.0% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	21.0% Excellent → Excellent Stable Compound annual EPS growth over 3 years	30.9% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	13.1% Good ↑ Good Improving Compound annual EPS growth over 3 years	16.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	-0.7% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-8.2% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-21.2% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-16.8% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-18.3% Weak Weak Compound annual EPS growth over 3 years	111.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Operating Margin (%) (%)	35.9% Excellent ↑ Excellent Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+43%)	33.3% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+33%)	32.8% Excellent Excellent Operating income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	16.8% Good → Good Stable Actual taxes paid relative to pre-tax income Optimal: 15-25%	13.5% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	21.5% Fair Fair Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	29.8% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+36%)	28.8% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+31%)	25.7% Excellent → Excellent Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+17%)	32.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+45%)	31.7% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+44%)	16.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-26%)	25.0% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	19.1% Good → Good Stable Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	15.4% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-30%)	18.3% Good ↓ Good Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-17%)	21.8% Excellent ↓ Excellent Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: At sector avg	25.1% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+14%)	27.2% Excellent ↑ Excellent Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Above avg (+24%)	19.2% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	19.8% Good Good Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-10%)	2.4% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-89%)	—
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	1.2% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	1.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.8% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.9% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	0.9% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	1.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.7% Weak Weak Operating profit relative to total assets Optimal: > 10%	0.1% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	13.5% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+13%)	13.5% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+12%)	12.8% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+7%)	15.7% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+31%)	15.4% Good ↑ Good Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+28%)	8.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	12.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.0% Caution → Caution Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	7.0% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-41%)	9.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	10.9% Fair → Fair Stable Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-9%)	10.3% Fair ↓ Fair Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)	12.6% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	9.0% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-25%)	13.1% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+9%)	1.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-86%)	—

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Debt to Equity (x)	—	—	—	—	—	—	—	—	—	—	—	—	—	0.23x Excellent Excellent Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-81%)	0.79x Fair Fair Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-34%)	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Revenue per Share (USD)	$20.67	$18.83	$17.70	$15.54	$13.56	$12.41	$10.95	$9.90	$8.97	$9.48	$8.85	$7.15	$13.19	$17.85	$16.96	—	—
Basic EPS, GAAP (USD)	$5.94	$5.20	$4.33	$4.75	$4.17	$1.97	$2.68	$1.86	$1.36	$1.71	$1.90	$1.76	$3.50	$3.30	$3.23	$0.37	—
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$1.16	$1.00	$0.91	$0.79	$0.72	$0.66	$0.60	$0.56	$0.52	$0.48	$0.44	$0.42	$0.56	$0.28	$0.28	$0.28	—
Book Value per Share (USD)	$44.63	$39.62	$34.83	$31.17	$27.48	$24.06	$22.67	$20.57	$19.32	$18.55	$17.34	$15.88	$27.71	$25.41	$24.46	$21.30	—
Tangible Book Value per Share (USD)	$43.35	$38.33	$33.54	$29.89	$26.22	$22.82	$21.42	$19.35	$18.10	$17.32	$16.11	$14.65	$27.71	$25.41	$24.46	$21.30	—
Basic Weighted Avg Shares (shares)	8.16M	8.15M	8.13M	8.23M	8.31M	8.38M	8.52M	8.64M	8.61M	8.57M	8.55M	7.87M	3.83M	2.61M	2.51M	—	—
Dividend Payout Ratio (%)	19.5% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	19.2% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	21.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	16.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	17.3% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	33.5% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	22.4% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	30.1% Good → Good Stable Dividends paid as a percentage of earnings Optimal: 30-60%	38.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	28.1% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	23.2% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	23.9% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	16.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	8.5% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	8.7% Excellent Excellent Dividends paid as a percentage of earnings Optimal: 30-60%	75.7% Caution Caution Dividends paid as a percentage of earnings Optimal: 30-60%	—

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Working Capital (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LT Debt (USD)	—	—	—	—	—	—	—	—	—	—	—	—	—	$22.24M	$49.80M	—	—
Total Equity (USD)	$371.58M	$328.59M	$289.59M	$260.64M	$232.42M	$206.16M	$194.16M	$180.71M	$169.28M	$161.65M	$150.83M	$137.75M	$109.28M	$99.54M	$64.21M	$55.34M	$54.39M

📋 What is driving earnings? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Sales/Revenue/Turnover (USD)	$168.63M	$153.46M	$143.90M	$127.85M	$112.76M	$104.01M	$93.28M	$85.51M	$77.27M	$81.32M	$75.65M	$56.23M	$50.55M	$46.58M	$42.52M	$38.69M	—
Depreciation Expense (USD)	$1.20M	$1.10M	$961.00K	$578.00K	$585.00K	$822.00K	$877.00K	$835.00K	$744.00K	$767.00K	$746.00K	$385.00K	$313.00K	—	—	—	—
Net Income, GAAP (USD)	$50.32M	$44.24M	$37.03M	$40.86M	$35.76M	$16.98M	$23.32M	$16.30M	$11.90M	$14.91M	$16.51M	$14.14M	$13.75M	$8.93M	$8.43M	$941.00K	—
Operating Cash Flow (USD)	$61.70M	$57.49M	$52.29M	$38.65M	$35.99M	$26.64M	$28.98M	$25.28M	$22.41M	$26.16M	$23.22M	$11.87M	$15.90M	$16.00M	$17.58M	$11.81M	—

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗
Net Interest Margin (approx.) (%)	3.3%	3.2%	3.2%	3.3%	3.2%	3.0%	3.3%	3.4%	3.4%	3.6%	3.3%	2.8%	3.3%	3.1%	3.0%	2.9%	—
Efficiency Ratio (%) (%)	59.0%	60.9%	61.6%	62.2%	63.4%	66.2%	71.5%	72.9%	73.6%	69.4%	62.6%	60.1%	60.1%	61.5%	62.1%	73.3%	—

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 17 years · 67 quarters

FIRST BUSINESS FINANCIAL SERVICES, INC.

Analytical Summary

17-Year Financial Trajectory

Bullish Indicators

Bearish Risks

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