(FBIZ) First Business Financial - Ratings and Ratios
Commercial Lending, Commercial Deposits, Treasury Management, Private Wealth, Retirement Services
Dividends
| Dividend Yield | 2.19% |
| Yield on Cost 5y | 6.87% |
| Yield CAGR 5y | 17.31% |
| Payout Consistency | 96.3% |
| Payout Ratio | 19.1% |
| Risk via 10d forecast | |
|---|---|
| Volatility | 33.1% |
| Value at Risk 5%th | 48.5% |
| Relative Tail Risk | -10.99% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.25 |
| Alpha | -6.19 |
| CAGR/Max DD | 0.47 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.521 |
| Beta | 0.811 |
| Beta Downside | 0.799 |
| Drawdowns 3y | |
|---|---|
| Max DD | 32.42% |
| Mean DD | 11.13% |
| Median DD | 11.00% |
Description: FBIZ First Business Financial October 25, 2025
First Business Financial Services, Inc. (NASDAQ: FBIZ) is a bank holding company that operates First Business Bank, delivering a suite of commercial banking products to small- and medium-sized enterprises, professionals, and high-net-worth individuals across Wisconsin, Kansas, and Missouri. Its offerings span commercial real-estate, industrial, and asset-based lending; accounts-receivable, equipment, floor-plan, and vendor financing; SBA loan origination and servicing; treasury management; and corporate retirement solutions. The firm also provides private-wealth services-including asset-allocation, trust and estate administration, financial planning, investment management, brokerage, and custody-as well as bank-consulting services focused on balance-sheet, portfolio, and asset-liability management, plus standard commercial deposit accounts.
Key operating metrics that investors typically monitor in this regional-bank segment include: (1) **Net interest margin (NIM)**, which for FBIZ averaged ~3.6% in the most recent quarter-slightly above the regional-bank median of 3.4%, reflecting a relatively favorable loan-to-deposit mix; (2) **Loan-to-deposit ratio (LDR)**, currently around 78%, indicating moderate leverage and room for deposit growth; and (3) **Commercial loan growth**, which has been roughly 5% YoY, driven largely by demand for CRE and SBA financing in the Midwest. Economic drivers such as the Federal Reserve’s policy stance, regional employment trends, and construction activity in the three states are material to FBIZ’s earnings outlook. A higher Fed funds rate can compress NIM but also improve net interest income if loan rates adjust faster than deposit rates, while a strong local labor market sustains demand for SME credit.
For a deeper quantitative view, the ValueRay platform offers granular metrics on FBIZ’s loan-to-deposit ratio and earnings trends, which can help you assess the bank’s risk-adjusted return potential.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income (51.4m TTM) > 0 and > 6% of Revenue (6% = 16.6m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 0.36pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue -1179 % (prev -978.6%; Δ -200.5pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp) |
| CFO/TA 0.02 (>3.0%) and CFO 67.5m > Net Income 51.4m (YES >=105%, WARN >=100%) |
| Net Debt (230.0m) to EBITDA (63.4m) ratio: 3.63 <= 3.0 (WARN <= 3.5) |
| Current Ratio 0.02 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active) |
| Outstanding Shares last Quarter (8.15m) change vs 12m ago 0.52% (target <= -2.0% for YES) |
| Gross Margin 57.03% (prev 54.75%; Δ 2.27pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 7.15% (prev 6.89%; Δ 0.26pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.54 (EBITDA TTM 63.4m / Interest Expense TTM 109.6m) >= 6 (WARN >= 3) |
Altman Z'' -4.89
| (A) -0.81 = (Total Current Assets 65.3m - Total Current Liabilities 3.33b) / Total Assets 4.03b |
| (B) 0.07 = Retained Earnings (Balance) 294.8m / Total Assets 4.03b |
| (C) 0.02 = EBIT TTM 59.5m / Avg Total Assets 3.88b |
| (D) 0.08 = Book Value of Equity 283.3m / Total Liabilities 3.68b |
| Total Rating: -4.89 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 69.36
| 1. Piotroski 3.0pt |
| 2. FCF Yield 10.24% |
| 3. FCF Margin 24.15% |
| 4. Debt/Equity 0.77 |
| 5. Debt/Ebitda 3.63 |
| 6. ROIC - WACC (= -0.91)% |
| 7. RoE 15.03% |
| 8. Rev. Trend 94.06% |
| 9. EPS Trend 66.68% |
What is the price of FBIZ shares?
Over the past week, the price has changed by +3.78%, over one month by +4.85%, over three months by +2.87% and over the past year by +8.07%.
Is FBIZ a buy, sell or hold?
- Strong Buy: 2
- Buy: 3
- Hold: 0
- Sell: 0
- Strong Sell: 0
What are the forecasts/targets for the FBIZ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 60 | 13.3% |
| Analysts Target Price | 60 | 13.3% |
| ValueRay Target Price | 60.6 | 14.4% |
FBIZ Fundamental Data Overview November 26, 2025
P/E Trailing = 8.4102
P/E Forward = 8.9606
P/S = 2.6887
P/B = 1.2388
P/EG = 1.89
Beta = 0.735
Revenue TTM = 277.1m USD
EBIT TTM = 59.5m USD
EBITDA TTM = 63.4m USD
Long Term Debt = 266.7m USD (from longTermDebt, last quarter)
Short Term Debt = 117.9m USD (from shortTermDebt, last fiscal year)
Debt = 274.4m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 230.0m USD (from netDebt column, last quarter)
Enterprise Value = 653.5m USD (425.0m + Debt 274.4m - CCE 45.8m)
Interest Coverage Ratio = 0.54 (Ebit TTM 59.5m / Interest Expense TTM 109.6m)
FCF Yield = 10.24% (FCF TTM 66.9m / Enterprise Value 653.5m)
FCF Margin = 24.15% (FCF TTM 66.9m / Revenue TTM 277.1m)
Net Margin = 18.55% (Net Income TTM 51.4m / Revenue TTM 277.1m)
Gross Margin = 57.03% ((Revenue TTM 277.1m - Cost of Revenue TTM 119.1m) / Revenue TTM)
Gross Margin QoQ = 58.71% (prev 55.94%)
Tobins Q-Ratio = 0.16 (Enterprise Value 653.5m / Total Assets 4.03b)
Interest Expense / Debt = 10.52% (Interest Expense 28.9m / Debt 274.4m)
Taxrate = 17.22% (2.99m / 17.4m)
NOPAT = 49.3m (EBIT 59.5m * (1 - 17.22%))
Current Ratio = 0.02 (Total Current Assets 65.3m / Total Current Liabilities 3.33b)
Debt / Equity = 0.77 (Debt 274.4m / totalStockholderEquity, last quarter 358.3m)
Debt / EBITDA = 3.63 (Net Debt 230.0m / EBITDA 63.4m)
Debt / FCF = 3.44 (Net Debt 230.0m / FCF TTM 66.9m)
Total Stockholder Equity = 341.9m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.27% (Net Income 51.4m / Total Assets 4.03b)
RoE = 15.03% (Net Income TTM 51.4m / Total Stockholder Equity 341.9m)
RoCE = 9.78% (EBIT 59.5m / Capital Employed (Equity 341.9m + L.T.Debt 266.7m))
RoIC = 7.98% (NOPAT 49.3m / Invested Capital 617.3m)
WACC = 8.89% (E(425.0m)/V(699.3m) * Re(9.01%) + D(274.4m)/V(699.3m) * Rd(10.52%) * (1-Tc(0.17)))
Discount Rate = 9.01% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.26%
[DCF Debug] Terminal Value 78.13% ; FCFE base≈59.5m ; Y1≈72.3m ; Y5≈119.0m
Fair Price DCF = 203.7 (DCF Value 1.70b / Shares Outstanding 8.32m; 5y FCF grow 22.94% → 3.0% )
EPS Correlation: 66.68 | EPS CAGR: 14.89% | SUE: 1.93 | # QB: 1
Revenue Correlation: 94.06 | Revenue CAGR: 25.68% | SUE: 0.70 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.37 | Chg30d=-0.002 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=5.98 | Chg30d=+0.020 | Revisions Net=+0 | Growth EPS=+4.5% | Growth Revenue=+7.3%
Additional Sources for FBIZ Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle