(FBIZ) First Business Financial - Ratings and Ratios
Commercial Lending, Treasury Management, Wealth Management, Deposit Accounts
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 2.35% |
| Yield on Cost 5y | 6.69% |
| Yield CAGR 5y | 12.66% |
| Payout Consistency | 98.7% |
| Payout Ratio | 19.1% |
| Risk via 5d forecast | |
|---|---|
| Volatility | 33.3% |
| Value at Risk 5%th | 48.0% |
| Relative Tail Risk | -12.46% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.72 |
| Alpha | 12.28 |
| CAGR/Max DD | 0.69 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.608 |
| Beta | 0.748 |
| Beta Downside | 0.747 |
| Drawdowns 3y | |
|---|---|
| Max DD | 31.29% |
| Mean DD | 10.58% |
| Median DD | 10.67% |
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) 3.0
| Net Income: 51.4m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.36 > 1.0 |
| NWC/Revenue: -1179 % < 20% (prev -978.6%; Δ -200.5% < -1%) |
| CFO/TA 0.02 > 3% & CFO 67.5m > Net Income 51.4m |
| Net Debt (230.0m) to EBITDA (63.4m): 3.63 < 3 |
| Current Ratio: 0.02 > 1.5 & < 3 |
| Outstanding Shares: last quarter (8.15m) vs 12m ago 0.52% < -2% |
| Gross Margin: 57.03% > 18% (prev 0.55%; Δ 5648 % > 0.5%) |
| Asset Turnover: 7.15% > 50% (prev 6.89%; Δ 0.26% > 0%) |
| Interest Coverage Ratio: 0.54 > 6 (EBITDA TTM 63.4m / Interest Expense TTM 109.6m) |
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 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) |
| Altman-Z'' Score: -4.89= D |
Beneish M -2.95
| DSRI: 0.98 (Receivables 13.7m/12.9m, Revenue 277.1m/256.1m) |
| GMI: 0.96 (GM 57.03% / 54.75%) |
| AQI: 1.12 (AQ_t 0.98 / AQ_t-1 0.87) |
| SGI: 1.08 (Revenue 277.1m / 256.1m) |
| TATA: -0.00 (NI 51.4m - CFO 67.5m) / TA 4.03b) |
| Beneish M-Score: -2.95 = A |
ValueRay F-Score (Strict, 0-100) 65.37
| 1. Piotroski: 3.0pt |
| 2. FCF Yield: 9.58% |
| 3. FCF Margin: 24.15% |
| 4. Debt/Equity: 0.77 |
| 5. Debt/Ebitda: 3.63 |
| 6. ROIC - WACC: -0.70% |
| 7. RoE: 15.03% |
| 8. Revenue Trend: 93.33% |
| 9. EPS Trend: -13.02% |
What is the price of FBIZ shares?
Over the past week, the price has changed by +0.46%, over one month by +1.65%, over three months by +14.59% and over the past year by +23.05%.
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 | 61.4 | 8.3% |
| Analysts Target Price | 61.4 | 8.3% |
| ValueRay Target Price | 68.3 | 20.5% |
FBIZ Fundamental Data Overview January 19, 2026
P/E Forward = 8.9606
P/S = 2.9715
P/B = 1.3561
P/EG = 1.89
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 = 698.2m USD (469.7m + Debt 274.4m - CCE 45.8m)
Interest Coverage Ratio = 0.54 (Ebit TTM 59.5m / Interest Expense TTM 109.6m)
EV/FCF = 10.43x (Enterprise Value 698.2m / FCF TTM 66.9m)
FCF Yield = 9.58% (FCF TTM 66.9m / Enterprise Value 698.2m)
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 = 0.17 (Enterprise Value 698.2m / 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 = 1.33% (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 = 8.68% (E(469.7m)/V(744.0m) * Re(8.67%) + D(274.4m)/V(744.0m) * Rd(10.52%) * (1-Tc(0.17)))
Discount Rate = 8.67% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.26%
[DCF Debug] Terminal Value 78.84% ; FCFF base≈59.5m ; Y1≈72.3m ; Y5≈118.8m
Fair Price DCF = 184.7 (EV 1.77b - Net Debt 230.0m = Equity 1.54b / Shares 8.32m; r=8.68% [WACC]; 5y FCF grow 22.94% → 2.90% )
EPS Correlation: -13.02 | EPS CAGR: -45.08% | SUE: -4.0 | # QB: 0
Revenue Correlation: 93.33 | Revenue CAGR: 25.68% | SUE: 0.70 | # QB: 0
EPS next Quarter (2026-03-31): EPS=1.37 | Chg30d=+0.000 | Revisions Net=-2 | Analysts=5
EPS next Year (2026-12-31): EPS=5.98 | Chg30d=+0.000 | Revisions Net=+0 | Growth EPS=+4.5% | Growth Revenue=+7.3%
Additional Sources for FBIZ Stock
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Fund Manager Positions: Dataroma | Stockcircle