SequelSEC

FIRST BUSINESS FINANCIAL SERVICES, INC. FBIZ

State Commercial Banks · CIK 0001521951 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
Unavailable
Fiscal year ended 2025-12-31
Net income
$50.32M
Fiscal year ended 2025-12-31
Total assets
$4.08B
Fiscal year ended 2025-12-31

FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ) reported net income of $50.32M for the fiscal year ended 2025-12-31. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FIRST BUSINESS FINANCIAL SERVICES, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

FIRST BUSINESS FINANCIAL SERVICES, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
RevenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$50.32M$44.24M$37.03M$40.86M$35.76M$16.98M$23.32M$16.30M$11.90M$14.91M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 8.16Mshares 8.15Mshares 8.13Mshares 8.23Mshares 8.31Mshares 8.38Mshares 8.52Mshares 8.64Mshares 8.61Mshares 8.57M
Pretax income$60.45M$51.15M$47.14M$52.24M$47.03M$18.30M$24.50M$17.65M$14.23M$17.06M
Income tax expense$10.13M$6.90M$10.11M$11.39M$11.28M$1.33M$1.18M$1.35M$2.33M$2.16M
Diluted EPS$5.94$5.20$4.33$4.75$4.17$1.97$2.68$1.86$1.36$1.71
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$1.88M$1.90M$1.54M
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FIRST BUSINESS FINANCIAL SERVICES, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Cash & equivalents$39.48M$157.70M$139.51M$102.68M$57.11M$56.91M$67.10M$86.55M$52.54M$77.52M
Total assets$4.08B$3.85B$3.51B$2.98B$2.65B$2.57B$2.10B$1.97B$1.79B$1.78B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$3.71B$3.52B$3.22B$2.72B$2.42B$2.36B$1.90B$1.79B$1.62B$1.62B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$371.58M$328.59M$289.59M$260.64M$232.42M$206.16M$194.16M$180.71M$169.28M$161.65M
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$10.70M$10.70M$10.70M$10.70M$10.70M$10.70M$10.70M$10.70M$10.70M$10.70M
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

FIRST BUSINESS FINANCIAL SERVICES, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Operating cash flow$61.70M$57.49M$52.29M$38.64M$35.99M$26.64M$28.98M$25.28M$22.41M$26.16M
Capital expenditures$595.00K$223.00K$2.88M$3.22MUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$373.38M-$328.47M-$506.85M-$245.27M-$111.01M-$454.51M-$131.50M-$137.85M-$46.35M-$44.31M
Financing cash flow$193.47M$289.17M$491.38M$252.19M$75.22M$417.68M$83.07M$146.58M-$1.03M-$17.90M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable-$19.44M$34.01M-$24.98M-$36.05M
Stock-based compensation$2.80M$2.78M$2.98M$2.58M$2.51M$1.87M$1.57M$1.00M$1.08M$994.00K
Common dividends paid$9.69M$8.32M$7.58M$6.69M$6.17M$5.65M$5.22M$4.92M$4.54M$4.18M
Common share repurchases$1.39M$1.27M$2.97M$6.13M$5.48M$1.67M$7.25M$533.00K$323.00K$467.00K
Depreciation & amortization$3.77M$3.74M$3.64M$4.07M$3.55M$3.46M$3.05M$1.48M$1.56M$1.52M

Derived

FIRST BUSINESS FINANCIAL SERVICES, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-31
Free cash flow$61.10M$57.27M$49.41M$35.42MUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growthUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate16.8%13.5%21.5%21.8%24.0%7.2%4.8%7.7%16.3%12.6%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FBIZ in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-07-31View SEC filing
10-Q · Filed 2026-04-24View SEC filing
10-K · Filed 2026-02-25View SEC filing
10-Q · Filed 2025-10-31View SEC filing
10-Q · Filed 2025-07-25View SEC filing
10-Q · Filed 2025-04-25View SEC filing

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.