First Business Financial Services, Inc. (FBIZ) Income Statement Analysis

See more : NameSilo Technologies Corp. (URLOF) Income Statement Analysis – Financial Results

Complete financial analysis of First Business Financial Services, Inc. (FBIZ) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Business Financial Services, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

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First Business Financial Services, Inc. (FBIZ)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.firstbusiness.com

About First Business Financial Services, Inc.

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.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	143.90M	127.85M	112.76M	101.62M	89.19M	83.43M	74.49M	77.63M	75.65M	56.23M	50.55M	46.58M	42.52M	38.69M	34.48M	31.40M	27.62M	22.65M	22.02M	19.51M	2.77M	3.61M	11.49M
Cost of Revenue	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	143.90M	127.85M	112.76M	101.62M	89.19M	83.43M	74.49M	77.63M	75.65M	56.23M	50.55M	46.58M	42.52M	38.69M	34.48M	31.40M	27.62M	22.65M	22.02M	19.51M	2.77M	3.61M	11.49M
Gross Profit Ratio	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	66.38M	58.78M	60.20M	53.72M	48.64M	44.29M	38.48M	36.32M	31.84M	21.48M	19.02M	18.75M	19.42M	18.77M	16.99M	12.42M	12.12M	9.29M	8.50M	7.94M	6.95M	0.00	0.00
Selling & Marketing	2.89M	2.35M	2.02M	1.58M	2.22M	2.14M	2.11M	2.34M	2.59M	1.66M	1.36M	1.22M	994.00K	749.00K	634.00K	970.00K	1.08M	936.00K	797.00K	688.00K	0.00	0.00	0.00
SG&A	66.19M	61.14M	62.22M	55.30M	50.86M	46.43M	40.58M	38.65M	34.43M	21.48M	19.02M	18.75M	20.42M	19.52M	17.62M	13.39M	13.20M	10.23M	9.30M	8.62M	6.95M	0.00	0.00
Other Expenses	77.71M	0.00	-127.95M	-138.61M	-115.55M	-91.68M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-30.25M	-22.03M	-6.09M	522.00K	1.25M	-5.37M	-9.51M	7.63M	10.64M	6.16M
Operating Expenses	143.90M	64.98M	-65.73M	-83.31M	-64.69M	-41.84M	37.84M	37.91M	36.02M	26.54M	21.60M	19.88M	15.50M	-10.73M	-4.40M	7.30M	13.72M	11.47M	3.93M	-890.00K	14.58M	10.64M	6.16M
Cost & Expenses	143.90M	64.98M	-65.73M	-83.31M	-64.69M	-41.84M	37.84M	37.91M	36.02M	26.54M	21.60M	19.88M	15.50M	-10.73M	-4.40M	7.30M	13.72M	11.47M	3.93M	-890.00K	14.58M	10.64M	6.16M
Interest Income	194.93M	121.37M	96.00M	94.18M	102.04M	91.28M	75.81M	78.12M	72.47M	57.70M	53.81M	54.77M	56.22M	56.63M	56.36M	59.77M	59.49M	47.66M	36.51M	28.14M	27.15M	27.64M	26.71M
Interest Expense	82.34M	22.95M	11.33M	17.11M	32.18M	23.93M	15.20M	14.79M	13.83M	11.57M	11.71M	16.89M	20.76M	24.68M	28.32M	33.52M	36.28M	28.69M	18.73M	11.73M	12.48M	14.97M	15.22M
Depreciation & Amortization	3.64M	4.07M	3.55M	3.47M	3.05M	1.48M	1.56M	1.52M	-90.00K	1.87M	2.32M	3.05M	2.40M	1.59M	847.00K	538.00K	475.00K	602.00K	959.00K	830.00K	1.01M	0.00	0.00
EBITDA	0.00	56.31M	50.58M	21.77M	27.55M	0.00	0.00	0.00	0.00	23.09M	23.46M	16.73M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	14.25M	17.65M
EBITDA Ratio	0.00%	61.99%	44.86%	21.42%	30.89%	51.62%	41.61%	42.99%	51.07%	61.64%	69.56%	72.17%	82.39%	76.39%	89.69%	124.97%	151.38%	153.32%	122.21%	99.69%	662.45%	394.44%	153.64%
Operating Income	0.00	75.19M	47.03M	18.31M	24.50M	41.59M	29.43M	31.85M	38.72M	32.79M	32.84M	30.56M	32.63M	27.97M	30.08M	38.70M	41.34M	34.12M	25.95M	18.62M	17.35M	14.25M	17.65M
Operating Income Ratio	0.00%	58.81%	41.71%	18.01%	27.47%	49.85%	39.51%	41.04%	51.19%	58.32%	64.97%	65.61%	76.74%	72.27%	87.23%	123.25%	149.66%	150.66%	117.85%	95.44%	625.90%	394.44%	153.64%
Total Other Income/Expenses	47.14M	-3.43M	-3.55M	-5.46M	-5.16M	-7.83M	-7.53M	-6.96M	-4.12M	-3.48M	-5.47M	-1.64M	-23.16M	-2.69M	-29.17M	-34.05M	-36.76M	-29.29M	973.00K	-11.72M	-12.48M	5.52M	0.00
Income Before Tax	47.14M	52.24M	47.03M	18.31M	24.50M	17.65M	14.23M	17.07M	24.89M	21.22M	21.14M	13.68M	11.87M	3.29M	1.76M	5.18M	5.06M	5.43M	7.21M	6.89M	4.88M	-1.50M	0.00
Income Before Tax Ratio	32.76%	40.86%	41.71%	18.01%	27.47%	21.16%	19.10%	21.98%	32.90%	37.74%	41.81%	29.36%	27.93%	8.50%	5.10%	16.50%	18.33%	23.97%	32.76%	35.32%	175.87%	-41.57%	0.00%
Income Tax Expense	10.11M	11.39M	11.28M	1.33M	1.18M	1.35M	2.33M	2.16M	8.38M	7.08M	7.39M	4.75M	3.45M	2.35M	717.00K	2.06M	1.81M	1.68M	2.46M	3.01M	761.00K	-528.00K	-2.43M
Net Income	37.03M	40.86M	35.76M	16.98M	23.32M	16.30M	11.91M	14.91M	16.51M	14.14M	13.75M	8.93M	8.43M	941.00K	1.04M	3.12M	3.26M	3.75M	4.76M	3.88M	4.11M	-187.00K	2.43M
Net Income Ratio	25.73%	31.96%	31.71%	16.71%	26.15%	19.54%	15.98%	19.21%	21.83%	25.14%	27.19%	19.16%	19.81%	2.43%	3.02%	9.95%	11.79%	16.55%	21.61%	19.87%	148.41%	-5.18%	21.12%
EPS	4.33	4.90	4.17	1.97	2.68	1.89	1.36	1.71	1.90	1.76	1.75	1.65	1.62	0.19	0.21	0.62	0.67	0.76	0.98	0.95	1.41	-0.05	0.62
EPS Diluted	4.33	4.90	4.17	1.97	2.68	1.89	1.36	1.71	1.90	1.76	1.75	1.65	1.62	0.19	0.21	0.62	0.66	0.75	0.97	0.92	1.01	-0.05	0.59
Weighted Avg Shares Out	8.13M	8.23M	8.31M	8.38M	8.52M	8.64M	8.61M	8.57M	8.55M	7.86M	7.85M	7.83M	5.02M	4.97M	4.91M	4.86M	4.90M	4.96M	4.85M	4.51M	4.02M	4.16M	3.94M
Weighted Avg Shares Out (Dil)	8.13M	8.34M	8.31M	8.38M	8.52M	8.64M	8.61M	8.57M	8.55M	7.90M	7.88M	7.83M	5.02M	4.97M	4.91M	4.86M	4.93M	5.00M	4.93M	4.65M	5.59M	4.16M	4.11M

First Business Financial Services (FBIZ) Q3 Earnings Lag Estimates

October 26, 2023zacks.com

First Business Financial Services (FBIZ) came out with quarterly earnings of $1.17 per share, missing the Zacks Consensus Estimate of $1.19 per share. This compares to earnings of $1.25 per share a year ago.

First Business Bank Reports Third Quarter 2023 Net Income of $9.7 Million

October 26, 2023businesswire.com

MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $9.7 million, or earnings per share of $1.17 on a diluted basis. This compares to...

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October 12, 2023businesswire.com

MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc., (Nasdaq: FBIZ), parent company of First Business Bank, today announces it was selected by Piper Sandler for inclusion among its Sm-All Stars Class of 2023. The annual analysis, which ranks performance of banks...

First Business Financial Services, Inc. Completes $15.0 Million Subordinated Debt Offering

October 4, 2023businesswire.com

MADISON, Wis.--(BUSINESS WIRE)--First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq: FBIZ) announced the completion of a private placement of $15.0 million in aggregate principal amount of 8.0% Subordinated Debentures due September 29, 2033 (the...

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Are Investors Undervaluing First Business Financial Services (FBIZ) Right Now?

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