(FBIZ) First Business Financial - Overview
Stock: Commercial Lending, Treasury Management, Wealth Management, Deposit Accounts
| Risk 5d forecast | |
|---|---|
| Volatility | 32.1% |
| Relative Tail Risk | -12.5% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.40 |
| Alpha | -0.62 |
| Character TTM | |
|---|---|
| Beta | 0.744 |
| Beta Downside | 0.732 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.29% |
| CAGR/Max DD | 0.63 |
EPS (Earnings per Share)
Revenue
Description: FBIZ First Business Financial December 28, 2025
First Business Financial Services, Inc. (NASDAQ: FBIZ) is the holding company for First Business Bank, a community-focused lender serving small- and medium-size enterprises, professionals, and high-net-worth individuals across Wisconsin, Kansas, and Missouri. Founded in 1909 and headquartered in Madison, Wisconsin, the bank positions itself as a full-service regional institution.
The bank’s product lineup spans commercial real-estate, industrial, and asset-based lending, as well as specialized financing such as accounts-receivable, equipment, floor-plan, vendor, and SBA loans. Complementary services include treasury management, corporate retirement solutions, and a private-wealth platform that offers asset allocation, trust and estate administration, financial planning, and brokerage custody. Additionally, FBIZ provides balance-sheet consulting, asset-liability management, and standard commercial deposit accounts.
As of the most recent filing, FBIZ reported total assets of roughly $2.2 billion, a loan-to-deposit ratio near 88 %, and a net interest margin of about 3.2 %. The bank’s return on equity hovered around 9 %, reflecting modest profitability in a sector still adjusting to the post-pandemic rate-hike environment. Regional banks like FBIZ are especially sensitive to Federal Reserve policy, which drives net interest income, while small-business loan demand remains linked to U.S. GDP growth and local employment trends.
For a deeper, data-driven valuation framework, you might explore the FBIZ profile on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income: 50.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.38 > 1.0 |
| NWC/Revenue: -443.3% < 20% (prev -987.5%; Δ 544.2% < -1%) |
| CFO/TA 0.01 > 3% & CFO 45.6m > Net Income 50.3m |
| Net Debt (212.6m) to EBITDA (63.3m): 3.36 < 3 |
| Current Ratio: 0.04 > 1.5 & < 3 |
| Outstanding Shares: last quarter (8.17m) vs 12m ago 0.77% < -2% |
| Gross Margin: 57.29% > 18% (prev 0.55%; Δ 5674 % > 0.5%) |
| Asset Turnover: 7.04% > 50% (prev 6.81%; Δ 0.23% > 0%) |
| Interest Coverage Ratio: 0.40 > 6 (EBITDA TTM 63.3m / Interest Expense TTM 110.6m) |
Altman Z'' -1.56
| A: -0.30 (Total Current Assets 46.7m - Total Current Liabilities 1.28b) / Total Assets 4.08b |
| B: 0.07 (Retained Earnings 294.8m / Total Assets 4.08b) |
| C: 0.01 (EBIT TTM 44.2m / Avg Total Assets 3.97b) |
| D: 0.12 (Book Value of Equity 371.6m / Total Liabilities 3.15b) |
| Altman-Z'' Score: -1.56 = D |
What is the price of FBIZ shares?
Over the past week, the price has changed by -1.92%, over one month by +6.53%, over three months by +11.95% and over the past year by +12.04%.
Is FBIZ a buy, sell or hold?
- StrongBuy: 2
- Buy: 3
- Hold: 0
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the FBIZ price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 67.3 | 15.2% |
| Analysts Target Price | 67.3 | 15.2% |
| ValueRay Target Price | 69.1 | 18.4% |
FBIZ Fundamental Data Overview February 13, 2026
P/E Forward = 8.9606
P/S = 3.0393
P/B = 1.3286
P/EG = 1.89
Revenue TTM = 279.2m USD
EBIT TTM = 44.2m USD
EBITDA TTM = 63.3m USD
Long Term Debt = 266.7m USD (from longTermDebt, two quarters ago)
Short Term Debt = 74.8m USD (from shortTermDebt, two quarters ago)
Debt = 252.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 212.6m USD (from netDebt column, last quarter)
Enterprise Value = 691.6m USD (486.2m + Debt 252.1m - CCE 46.7m)
Interest Coverage Ratio = 0.40 (Ebit TTM 44.2m / Interest Expense TTM 110.6m)
EV/FCF = 15.37x (Enterprise Value 691.6m / FCF TTM 45.0m)
FCF Yield = 6.51% (FCF TTM 45.0m / Enterprise Value 691.6m)
FCF Margin = 16.11% (FCF TTM 45.0m / Revenue TTM 279.2m)
Net Margin = 18.02% (Net Income TTM 50.3m / Revenue TTM 279.2m)
Gross Margin = 57.29% ((Revenue TTM 279.2m - Cost of Revenue TTM 119.3m) / Revenue TTM)
Gross Margin QoQ = 57.49% (prev 58.71%)
Tobins Q-Ratio = 0.17 (Enterprise Value 691.6m / Total Assets 4.08b)
Interest Expense / Debt = 11.10% (Interest Expense 28.0m / Debt 252.1m)
Taxrate = 17.89% (2.90m / 16.2m)
NOPAT = 36.3m (EBIT 44.2m * (1 - 17.89%))
Current Ratio = 0.04 (Total Current Assets 46.7m / Total Current Liabilities 1.28b)
Debt / Equity = 0.30 (Debt 252.1m / totalStockholderEquity, last quarter 849.3m)
Debt / EBITDA = 3.36 (Net Debt 212.6m / EBITDA 63.3m)
Debt / FCF = 4.72 (Net Debt 212.6m / FCF TTM 45.0m)
Total Stockholder Equity = 472.1m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.27% (Net Income 50.3m / Total Assets 4.08b)
RoE = 10.66% (Net Income TTM 50.3m / Total Stockholder Equity 472.1m)
RoCE = 5.98% (EBIT 44.2m / Capital Employed (Equity 472.1m + L.T.Debt 266.7m))
RoIC = 5.94% (NOPAT 36.3m / Invested Capital 610.9m)
WACC = 8.82% (E(486.2m)/V(738.3m) * Re(8.66%) + D(252.1m)/V(738.3m) * Rd(11.10%) * (1-Tc(0.18)))
Discount Rate = 8.66% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.39%
[DCF Debug] Terminal Value 78.42% ; FCFF base≈49.9m ; Y1≈60.6m ; Y5≈99.6m
Fair Price DCF = 148.4 (EV 1.45b - Net Debt 212.6m = Equity 1.24b / Shares 8.33m; r=8.82% [WACC]; 5y FCF grow 22.94% → 2.90% )
EPS Correlation: 68.27 | EPS CAGR: 12.38% | SUE: 1.08 | # QB: 2
Revenue Correlation: 90.77 | Revenue CAGR: 23.70% | SUE: 2.48 | # QB: 1
EPS next Quarter (2026-03-31): EPS=1.42 | Chg30d=+0.052 | Revisions Net=+2 | Analysts=4
EPS current Year (2026-12-31): EPS=6.03 | Chg30d=+0.043 | Revisions Net=+2 | Growth EPS=+1.4% | Growth Revenue=+7.8%
EPS next Year (2027-12-31): EPS=6.67 | Chg30d=+0.047 | Revisions Net=+2 | Growth EPS=+10.8% | Growth Revenue=+8.5%