First Business Financial Services, Inc. (FBIZ) is a Financials stock trading at $68.70 (as of 2026-08-21), with a market capitalization of $574.90M and a trailing P/E of 10.6. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.
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.
First Business Financial Services operates as the bank holding company for First Business Bank, providing commercial banking products like deposits and loans (including commercial real estate and commercial and industrial loans) to small and medium-sized businesses, then generates operating revenue from its banking activities.
The profit model is structurally driven by the commercial loan book (size and credit quality), funded largely by core deposits (core deposit funding mix), which together determine how much operating revenue the bank can generate on its balance sheet.
| Operating | $0.0B |
| PrivateW | $0.0B |
| SBAGain | $0.0B |
| Other | $0.1B |
Business quality (Solid): Bank investors typically want to see stable funding (core deposits) and contained credit risk (non-performing assets), because those factors shape the reliability of operating revenue.
Valuation: At 10× earnings, FBIZ trades 21% below the Banking average (13×). Note: one-time items can distort reported P/E.
| Price | $68.70 |
| Market Cap | $574.90M |
| P/E Ratio | 10.6 |
| EV / EBITDA | 5.9 |
| Price / Book | 1.45 |
| Price / Sales | 2.28 |
| Dividend Yield | 1.9% |
| FCF Yield | 16.9% |
| DCF Value (model) | $130.11 |
| DCF Upside vs Price | 89.4% |
| Revenue (TTM) | $247.31M |
| Net Margin | 20.3% |
| Return on Equity | 14.0% |
| Revenue Growth (YoY) | 6.1% |
| EPS Growth (YoY) | 14.2% |
| FCF Growth (YoY) | 6.7% |
| Stock P/E | 10.6 |
| Sector P/E (Financials) | 15.1 |
| Industry P/E (Banking) | 13.0 |
| vs Sector | -30.0% |
| vs Industry | -18.5% |
| Top Institutional Holder | BlackRock, Inc. ($46.93M) |
| Institutional Holders Tracked | 10 |
| Sector | Financials |
| Industry | Banking |
| CEO | Corey A. Chambas |
| Employees | 354 |
| Country | US |
| IPO Date | 2005-11-09 |
Data as of 2026-08-21.
Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.