First Business Financial Services, Inc. logo FBIZ - First Business Financial Services, Inc.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 8
HOLD 2
SELL 0
STRONG
SELL
0
| PRICE TARGET: $67.00 DETAILS
HIGH: $70.00
LOW: $64.00
MEDIAN: $67.00
CONSENSUS: $67.00
UPSIDE: 17.38%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Revenue
Revenue 279.2 262.4 226.2 150.8 124.1 118.7 121.4 107.4 89.7 92.4 89.5 67.8 62.3 63.5 63.3 63.4 62.8 64.9 63.9 51.3 40.7 31.4 14.1 18.6 26.7
Cost of Revenue 119.3 117.8 90.5 19.1 5.5 33.9 34.5 31.3 23.6 24.7 17.2 12.8 10.7 21.1 25.0 31.7 36.5 37.8 39.2 30.2 19.1 10.7 11.9 18.6 17.2
Gross Profit 160.0 144.6 135.7 131.7 118.6 84.8 86.9 76.0 66.1 67.7 72.3 55.0 51.5 42.3 38.3 31.6 26.3 27.1 24.7 21.1 21.6 20.7 2.2 (0.0) 9.5
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 76.7 72.3 66.2 61.1 54.9 48.7 50.9 46.4 43.8 42.9 38.6 26.9 24.1 22.4 19.6 19.5 17.6 15.0 13.2 10.2 9.3 8.6 6.9 0 0
Other Expenses 22.8 21.2 22.4 18.3 16.7 17.8 11.6 11.9 8.1 7.8 8.7 6.8 6.2 6.2 6.8 8.8 6.9 6.9 6.5 5.5 5.1 4.5 (12.0) 0 9.5
Operating Expenses 99.5 93.5 88.6 79.5 71.5 66.5 62.4 58.4 51.8 50.7 47.4 33.8 30.4 28.7 26.4 28.4 24.5 21.9 19.7 15.7 14.4 13.2 (5.1) 1.5 9.5
Operating Income
Operating Income 60.5 51.1 47.1 52.2 47.0 18.3 24.5 17.7 14.2 17.1 24.9 21.2 21.1 13.7 11.9 3.3 1.8 5.2 5.1 5.4 7.2 7.5 7.3 (1.5) 0
Interest Expense 110.6 108.9 82.3 22.9 11.3 17.1 32.2 23.9 15.2 14.8 13.8 11.6 11.7 16.9 20.8 24.7 28.3 33.5 36.3 28.7 18.7 11.3 11.7 15.0 15.2
Interest Income 247.3 233.1 194.9 121.4 96.0 94.2 102.0 91.3 75.8 78.1 72.5 57.7 53.8 54.8 56.2 56.6 56.4 59.8 59.5 47.7 36.5 28.1 27.0 27.6 26.7
Profitability
EBITDA 60.5 54.9 50.8 56.3 50.6 21.8 27.5 19.1 15.8 18.6 24.8 23.1 23.5 16.7 14.3 4.9 2.6 5.7 5.5 6.0 8.2 8.7 8.3 (1.5) 0
EBIT 60.5 51.1 47.1 52.2 47.0 18.3 24.5 17.7 14.2 17.1 24.9 21.2 21.1 13.7 11.9 3.3 1.8 5.2 5.1 5.4 7.2 7.5 7.3 (1.5) 0
Income Before Tax 60.5 51.1 47.1 52.2 47.0 18.3 24.5 17.7 14.2 17.1 24.9 21.2 21.1 13.7 11.9 3.3 1.8 5.2 5.1 5.4 7.2 7.5 7.3 (1.5) 0
Income Tax Expense 10.1 6.9 10.1 11.4 11.3 1.3 1.2 1.4 2.3 2.2 8.4 7.1 7.4 4.8 3.4 2.3 0.7 2.1 1.8 1.7 2.5 3.3 0.9 (0.5) 0
Net Income 50.3 44.2 37.0 40.9 35.8 17.0 23.3 16.3 11.9 14.9 16.5 14.1 13.7 8.9 8.4 0.9 1.0 3.1 3.3 3.7 4.8 4.3 5.6 (0.2) 2.4
Per Share Data
EPS (Basic) 6.06 5.20 4.33 4.75 4.17 1.97 2.68 1.86 1.36 1.71 1.90 1.76 1.75 1.65 1.62 0.19 0.21 0.62 0.67 0.76 0.98 0.95 1.41 -0.04 0.62
EPS (Diluted) 6.06 5.20 4.33 4.75 4.17 1.97 2.68 1.86 1.36 1.71 1.90 1.76 1.75 1.65 1.62 0.19 0.21 0.62 0.66 0.75 0.97 0.92 1.01 -0.04 0.59
Shares Outstanding 8.2 8.1 8.1 8.2 8.3 8.4 8.5 8.6 8.6 8.6 8.5 7.9 7.9 7.8 5.0 5.0 4.9 4.9 4.9 5.0 4.9 4.5 4.0 4.2 3.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001
Current Assets
Cash & Cash Equivalents 30.8 157.7 139.5 102.7 57.1 56.9 67.1 86.5 52.5 77.5 8.6 19.2 8.7 12.5 0 0
Short-Term Investments 8.7 341.4 297.0 212.0 205.7 183.9 173.1 138.4 126.0 145.9 104.2 4.5 0 0 0 0
Net Receivables 3,337.4 12.9 13.3 9.4 21.2 30.9 33.9 38.9 35.8 35.6 18.4 12.2 5.6 5.1 0 0
Inventory 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Assets (3,342.2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Total Current Assets 39.5 516.2 454.1 327.9 286.7 273.9 276.4 266.7 217.4 262.1 131.1 35.9 14.3 17.5 0 0
Non-Current Assets
Property, Plant & Equipment 10.0 10.9 12.7 12.0 6.6 7.8 9.5 3.3 3.2 3.8 1.2 1.5 1.2 0 0 0
Goodwill 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 10.7 2.7 2.7 2.9 0 0 0
Intangible Assets 1.3 1.2 1.3 1.5 1.6 1.3 1.2 1.3 2.0 2.1 0.1 0.1 0 0 0 0
Long-Term Investments 3,829.0 3,222.4 2,938.4 2,532.0 2,264.4 2,194.2 1,735.9 1,623.9 1,505.3 1,451.0 962.1 949.7 536.4 496.7 409.2 351.6
Other Non-Current Assets 191.5 79.2 81.1 80.8 76.7 72.7 57.8 57.4 52.9 47.0 20.3 20.9 8.1 4.3 70.8 58.6
Total Non-Current Assets 4,042.4 3,337.0 3,053.8 2,648.7 2,366.2 2,293.9 1,820.4 1,699.8 1,576.6 1,518.6 986.3 974.9 548.6 500.9 480.1 410.2
Total Assets 4,081.9 3,853.2 3,507.8 2,976.6 2,652.9 2,567.8 2,096.8 1,966.5 1,794.1 1,780.7 1,117.4 1,010.8 563.0 518.5 480.1 410.2
Current Liabilities
Account Payables 0 0 0 19.4 15.3 15.6 14.4 21.5 12.5 10.5 0 14.1 0 0 0 0
Short-Term Debt 126.9 0 0 0 0 0 0 0 0 0 0 0 12.2 5.3 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Current Liabilities (33.5) 3,107.1 2,796.8 2,168.2 1,957.9 1,855.5 1,530.4 1,455.3 1,394.3 1,538.9 984.4 838.9 474.7 436.9 414.4 345.5
Total Current Liabilities 126.9 3,107.1 2,796.8 2,187.6 1,973.3 1,871.1 1,544.8 1,476.8 1,406.9 1,549.4 984.4 852.9 486.9 442.2 414.4 345.5
Non-Current Liabilities
Long-Term Debt 126.8 320.0 330.9 456.8 413.5 429.2 329.4 309.0 217.9 69.7 67.8 104.8 28.1 24.8 0 0
Deferred Tax Liabilities 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 3,458.3 89.5 81.6 61.4 28.3 54.9 20.9 0 0 0 10.8 0 9.8 25.5 44.8 43.4
Total Non-Current Liabilities 3,589.1 417.5 421.5 528.4 447.2 490.5 357.9 309.0 217.9 69.7 78.7 104.8 37.9 50.3 44.8 43.4
Total Liabilities 3,710.3 3,524.6 3,218.3 2,716.0 2,420.5 2,361.7 1,902.6 1,785.8 1,624.8 1,619.0 1,063.0 957.8 524.8 492.5 459.2 388.8
Stockholders' Equity
Common Stock 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.1 0.0 0.0 0.0 0.0 0 0
Retained Earnings 305.5 265.8 230.7 203.5 170.0 140.4 129.1 110.3 98.9 91.3 29.6 29.3 17.2 14.5 0 0
Accumulated Other Comprehensive Income (9.7) (11.4) (13.7) (15.3) (1.5) (0.9) (1.3) (1.7) (1.2) (0.5) 1.5 1.1 (1.1) (2.0) 0 0
Total Stockholders' Equity 371.6 328.6 289.6 260.6 232.4 206.2 194.2 180.7 169.3 161.7 54.4 53.0 38.2 26.0 20.8 21.4
Total Liabilities & Equity 4,081.9 3,853.2 3,507.8 2,976.6 2,652.9 2,567.8 2,096.8 1,966.5 1,794.1 1,780.7 1,117.4 1,010.8 563.0 522.8 480.1 410.2
Debt Metrics
Total Debt 259.4 328.0 339.9 467.0 418.9 435.6 337.0 309.0 217.9 69.7 67.8 104.8 40.3 30.1 0 0
Net Debt 228.6 170.3 200.4 364.3 361.8 378.7 269.9 222.4 165.4 (7.8) 59.3 85.6 31.6 17.7 0 0
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003
Operating Activities
Net Income 50.3 44.2 37.0 40.9 35.8 17.0 23.3 16.3 11.9 14.9 4.8 4.3 4.1
Depreciation & Amortization 3.8 3.7 3.6 4.1 3.6 3.5 3.0 1.5 1.6 1.5 1.0 1.2 1.0
Stock-Based Compensation 2.8 2.8 3.0 2.6 2.5 1.9 1.6 1.0 1.1 1.0 0 0 0
Change in Working Capital (3.1) 1.7 (7.5) (4.9) (5.5) (8.0) (1.7) 0.1 (2.2) (3.5) 1.3 (2.3) 0
Other Non-Cash Items 9.5 8.5 14.1 (3.2) (1.6) 14.3 5.4 6.8 8.5 13.3 (0.6) (1.5) 0.8
Operating Cash Flow 61.7 57.5 52.3 38.6 36.0 26.6 29.0 25.3 22.4 26.2 2.6 4.3 7.2
Investing Activities
Capital Expenditure (0.6) (0.2) (2.9) (3.2) (0.4) (0.3) (0.2) (1.0) (1.2) (0.6) (0.3) (0.3) 0
Acquisitions 0 0 0 0.3 0 0 0 0 0 0 0 0 0
Purchases of Investments (153.7) (165.2) (132.5) (88.7) (97.0) (72.1) (94.1) (58.7) (69.2) (65.8) (56.9) (18.8) (94.7)
Sales/Maturities of Investments 70.5 103.8 31.3 47.9 72.7 68.1 64.0 45.0 85.1 53.4 28.6 15.5 52.6
Other Investing Activities (289.6) (266.8) (402.7) (201.6) (86.3) (450.3) (101.2) (123.2) (60.9) (31.4) (68.3) (41.2) (0.1)
Investing Cash Flow (373.4) (328.5) (506.8) (245.3) (111.0) (454.5) (131.5) (137.9) (46.4) (44.3) (97.0) (44.8) (42.2)
Financing Activities
Net Debt Issuance (68.0) (10.9) (125.9) 43.3 (15.7) 99.8 20.5 91.1 148.3 25.0 9.8 (0.8) 27.9
Stock Repurchased (1.4) (1.3) (3.0) (6.1) (5.5) (1.7) (7.2) (0.5) (0.3) (0.5) 0 0 (0.0)
Dividends Paid (10.6) (9.2) (8.5) (7.4) (6.2) (5.7) (5.2) (4.9) (4.5) (4.2) (0.4) (0.5) (0.5)
Other Financing Activities 273.3 310.5 628.7 210.4 102.6 325.2 75.1 61.0 (144.5) (38.3) 92.8 37.8 6.0
Financing Cash Flow 193.5 289.2 491.4 252.2 75.2 417.7 83.1 146.6 (1.0) (17.9) 102.3 36.7 33.6
Cash Position
Net Change in Cash (118.2) 18.2 36.8 45.6 0.2 (10.2) (19.4) 34.0 (25.0) (36.0) 8.0 (3.8) (1.4)
Cash at Beginning 157.7 139.5 102.7 57.1 56.9 67.1 86.5 52.5 77.5 113.6 8.7 12.5 13.8
Cash at End 39.5 157.7 139.5 102.7 57.1 56.9 67.1 86.5 52.5 77.5 16.7 8.7 12.5
Free Cash Flow 61.1 57.3 49.4 35.4 35.6 26.4 28.8 24.3 21.2 25.6 2.3 4.0 7.2
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001
Income Statement
Revenue 279.2 262.4 226.2 150.8 124.1 118.7 121.4 107.4 89.7 92.4 89.5 67.8 62.3 63.5 63.3 63.4 62.8 64.9 63.9 51.3 40.7 31.4 14.1 18.6 26.7
Gross Profit 160.0 144.6 135.7 131.7 118.6 84.8 86.9 76.0 66.1 67.7 72.3 55.0 51.5 42.3 38.3 31.6 26.3 27.1 24.7 21.1 21.6 20.7 2.2 (0.0) 9.5
Operating Income 60.5 51.1 47.1 52.2 47.0 18.3 24.5 17.7 14.2 17.1 24.9 21.2 21.1 13.7 11.9 3.3 1.8 5.2 5.1 5.4 7.2 7.5 7.3 (1.5) 0
Net Income 50.3 44.2 37.0 40.9 35.8 17.0 23.3 16.3 11.9 14.9 16.5 14.1 13.7 8.9 8.4 0.9 1.0 3.1 3.3 3.7 4.8 4.3 5.6 (0.2) 2.4
EPS (Diluted) 6.06 5.20 4.33 4.75 4.17 1.97 2.68 1.86 1.36 1.71 1.90 1.76 1.75 1.65 1.62 0.19 0.21 0.62 0.66 0.75 0.97 0.92 1.01 -0.04 0.59
Balance Sheet
Cash & Equivalents 30.8 157.7 139.5 102.7 57.1 56.9 67.1 86.5 52.5 77.5 8.6 19.2 8.7 12.5 0 0
Total Assets 4,081.9 3,853.2 3,507.8 2,976.6 2,652.9 2,567.8 2,096.8 1,966.5 1,794.1 1,780.7 1,117.4 1,010.8 563.0 518.5 480.1 410.2
Total Debt 259.4 328.0 339.9 467.0 418.9 435.6 337.0 309.0 217.9 69.7 67.8 104.8 40.3 30.1 0 0
Stockholders' Equity 371.6 328.6 289.6 260.6 232.4 206.2 194.2 180.7 169.3 161.7 54.4 53.0 38.2 26.0 20.8 21.4
Cash Flow
Operating Cash Flow 61.7 57.5 52.3 38.6 36.0 26.6 29.0 25.3 22.4 26.2 2.6 4.3 7.2
Capital Expenditure (0.6) (0.2) (2.9) (3.2) (0.4) (0.3) (0.2) (1.0) (1.2) (0.6) (0.3) (0.3) 0
Free Cash Flow 61.1 57.3 49.4 35.4 35.6 26.4 28.8 24.3 21.2 25.6 2.3 4.0 7.2