(FBIZ) First Business Financial - Ratings and Ratios
Commercial Lending, Commercial Deposits, Treasury Management, Private Wealth, Retirement Services
EPS (Earnings per Share)
Revenue
| Risk via 10d forecast | |
|---|---|
| Volatility | 32.8% |
| Value at Risk 5%th | 48.2% |
| Relative Tail Risk | -10.59% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.08 |
| Alpha | -6.74 |
| Character TTM | |
|---|---|
| Hurst Exponent | 0.632 |
| Beta | 0.814 |
| Beta Downside | 0.792 |
| Drawdowns 3y | |
|---|---|
| Max DD | 34.54% |
| Mean DD | 12.03% |
| Median DD | 11.55% |
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.
FBIZ Stock Overview
| Market Cap in USD | 440m |
| Sub-Industry | Regional Banks |
| IPO / Inception | 2005-10-07 |
| Return 12m vs S&P 500 | -8.34% |
| Analyst Rating | 4.40 of 5 |
FBIZ Dividends
| Metric | Value |
|---|---|
| Dividend Yield | 2.33% |
| Yield on Cost 5y | 6.82% |
| Yield CAGR 5y | 17.31% |
| Payout Consistency | 99.0% |
| Payout Ratio | 19.1% |
FBIZ Growth Ratios
| Metric | Value |
|---|---|
| CAGR 3y | 11.58% |
| CAGR/Max DD Calmar Ratio | 0.34 |
| CAGR/Mean DD Pain Ratio | 0.96 |
| Current Volume | 15.1k |
| Average Volume | 18.6k |
Piotroski VR‑10 (Strict, 0-10) 2.5
| Net Income (51.4m TTM) > 0 and > 6% of Revenue (6% = 15.2m TTM) |
| FCFTA 0.02 (>2.0%) and ΔFCFTA 0.36pp (YES ≥ +1.0pp, WARN ≥ +0.5pp) |
| NWC/Revenue 255.9% (prev -978.6%; Δ 1234 pp) (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 (-44.3m) to EBITDA (92.2m) ratio: -0.48 <= 3.0 (WARN <= 3.5) |
| Current Ratio 1.21 (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 41.46% (prev 54.75%; Δ -13.30pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0) |
| Asset Turnover 6.52% (prev 6.89%; Δ -0.37pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0) |
| Interest Coverage Ratio 0.81 (EBITDA TTM 92.2m / Interest Expense TTM 109.6m) >= 6 (WARN >= 3) |
Altman Z'' 1.52
| (A) 0.16 = (Total Current Assets 3.75b - Total Current Liabilities 3.11b) / Total Assets 4.03b |
| (B) 0.07 = Retained Earnings (Balance) 294.8m / Total Assets 4.03b |
| (C) 0.02 = EBIT TTM 88.4m / Avg Total Assets 3.88b |
| (D) 0.08 = Book Value of Equity 283.3m / Total Liabilities 3.68b |
| Total Rating: 1.52 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D) |
ValueRay F-Score (Strict, 0-100) 77.22
| 1. Piotroski 2.50pt |
| 2. FCF Yield 21.41% |
| 3. FCF Margin 26.48% |
| 4. Debt/Equity 0.92 |
| 5. Debt/Ebitda -0.48 |
| 6. ROIC - WACC (= 3.57)% |
| 7. RoE 15.03% |
| 8. Rev. Trend 52.85% |
| 9. EPS Trend 76.45% |
What is the price of FBIZ shares?
Over the past week, the price has changed by -4.89%, over one month by +0.66%, over three months by +0.74% and over the past year by +2.52%.
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 | 20.3% |
| Analysts Target Price | 60 | 20.3% |
| ValueRay Target Price | 55.5 | 11.3% |
FBIZ Fundamental Data Overview November 17, 2025
P/E Trailing = 8.6112
P/E Forward = 8.9606
P/S = 2.7846
P/B = 1.2532
P/EG = 1.89
Beta = 0.735
Revenue TTM = 252.7m USD
EBIT TTM = 88.4m USD
EBITDA TTM = 92.2m USD
Long Term Debt = 266.7m USD (from longTermDebt, last quarter)
Short Term Debt = 117.9m USD (from shortTermDebt, last fiscal year)
Debt = 328.0m USD (from shortLongTermDebtTotal, last fiscal year)
Net Debt = -44.3m USD (from netDebt column, last quarter)
Enterprise Value = 312.6m USD (440.1m + Debt 328.0m - CCE 455.5m)
Interest Coverage Ratio = 0.81 (Ebit TTM 88.4m / Interest Expense TTM 109.6m)
FCF Yield = 21.41% (FCF TTM 66.9m / Enterprise Value 312.6m)
FCF Margin = 26.48% (FCF TTM 66.9m / Revenue TTM 252.7m)
Net Margin = 20.34% (Net Income TTM 51.4m / Revenue TTM 252.7m)
Gross Margin = 41.46% ((Revenue TTM 252.7m - Cost of Revenue TTM 147.9m) / Revenue TTM)
Gross Margin QoQ = -20.89% (prev 55.94%)
Tobins Q-Ratio = 0.08 (Enterprise Value 312.6m / Total Assets 4.03b)
Interest Expense / Debt = 8.80% (Interest Expense 28.9m / Debt 328.0m)
Taxrate = 17.22% (2.99m / 17.4m)
NOPAT = 73.2m (EBIT 88.4m * (1 - 17.22%))
Current Ratio = 1.21 (Total Current Assets 3.75b / Total Current Liabilities 3.11b)
Debt / Equity = 0.92 (Debt 328.0m / totalStockholderEquity, last quarter 358.3m)
Debt / EBITDA = -0.48 (Net Debt -44.3m / EBITDA 92.2m)
Debt / FCF = -0.66 (Net Debt -44.3m / 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 = 14.52% (EBIT 88.4m / Capital Employed (Equity 341.9m + L.T.Debt 266.7m))
RoIC = 11.85% (NOPAT 73.2m / Invested Capital 617.3m)
WACC = 8.28% (E(440.1m)/V(768.1m) * Re(9.02%) + D(328.0m)/V(768.1m) * Rd(8.80%) * (1-Tc(0.17)))
Discount Rate = 9.02% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.26%
[DCF Debug] Terminal Value 78.10% ; FCFE base≈59.5m ; Y1≈72.3m ; Y5≈119.0m
Fair Price DCF = 203.3 (DCF Value 1.69b / Shares Outstanding 8.32m; 5y FCF grow 22.94% → 3.0% )
EPS Correlation: 76.45 | EPS CAGR: 14.20% | SUE: 1.93 | # QB: 1
Revenue Correlation: 52.85 | Revenue CAGR: 2.84% | SUE: 0.15 | # QB: 0
Additional Sources for FBIZ Stock
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle