First Business Financial Services, Inc.

FBIZ

NASDAQ · Regional Banks

$70.24

At close - Sep 22, 4:00 PM EDT - USD

Market Cap$587M

P/E11.6x

52W High$73.50

Volume50.44K

VCP Research Verdict2026Q2

Accelerating Earnings Growth Amidst Concentrated Securities Risk

First Business Financial Services demonstrates accelerating earnings power, with diluted EPS growing 36.3% year-over-year in 2026Q2 and a 12.9% increase in net interest income, driven by consistent loan volume expansion and stable net interest margins. The ban...

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MARKET ACTION

FBIZ price & volume

Price trend, volume and key moving averages

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Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return

FBIZ+33.00%

S&P 500 (^GSPC)+13.20%

1-Year Return

FBIZ+38.99%

S&P 500 (^GSPC)+15.98%

3-Year Return

FBIZ+147.55%

S&P 500 (^GSPC)+79.63%

5-Year Return

FBIZ+175.62%

S&P 500 (^GSPC)+71.63%

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis

Trailing P/E5Y High

11.4x

Forward P/EExpansion

10.6x

EV/EBITDA100th %ile

12.6x

FCF YieldCash Flow

10.5%

Valuation vs 5-Year History

Multiple Range

Metric

Current

5Y Median

Historical Range

Percentile

P/E

11.4x

8.9x

100th· High

EV/EBITDA

12.6x

10.5x

100th· High

Price/FCF

9.5x

6.8x

100th· High

Current Multiple

5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection

No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend

Revenue

$169M+9.9% YoY

Net income

$50M+13.7% YoY

Free cash flow

$61M+6.7% YoY

Operating margin

21.6%+2.2 pts YoY

ROIC (TTM)7%

Avg ROIC 5Y-

ROE (TTM)14.4%

Piotroski Score8 / 9

Financial Statements →

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History

EPS Beat Rate9/12 (75%)

Revenue Beat Rate7/12 (58%)

Quarter	EPS (Act vs Est)	Revenue (Act vs Est)
Q3 2026Latest Jul 30, 2026	$1.84+17.9% vs $1.56	$47M+2.8% vs $45M
Q2 2026 Apr 23, 2026	$1.44+1.4% vs $1.42	$44M+2.1% vs $43M
Q1 2026 Jan 29, 2026	$1.58+14.5% vs $1.38	$42M-1.3% vs $43M
Q4 2025 Oct 30, 2025	$1.70+22.3% vs $1.39	$45M+3.5% vs $43M

Historical baseline: 12 quarters analyzedGAAP / Adjusted

MARKET COVERAGE

Latest News

5 Stories

Defense World·Sep 1, 2026

12,193 Shares in First Business Financial Services, Inc. $FBIZ Acquired by Connor Clark & Lunn Investment Management Ltd.

Connor Clark and Lunn Investment Management Ltd. bought a new position in First Business Financial Services, Inc. (NASDAQ: FBIZ) in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 12,193 shares of the financial services provider's stock, valued at

24/7 Wall Street·Aug 6, 2026

Get Paid by September 1st with These 4 Dividend Stocks. But There's a Catch.

First Business Financial Services (NASDAQ:FBIZ) declared a quarterly common dividend of $0.34 per share on July 30, 2026, payable August 26.

Zacks Investment Research·Aug 4, 2026

All You Need to Know About First Business Financial Services (FBIZ) Rating Upgrade to Buy

First Business Financial Services (FBIZ) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Seeking Alpha·Jul 31, 2026

First Business Financial Services, Inc. (FBIZ) Q2 2026 Earnings Call Transcript

Filtered for First Business Financial Services, Inc.More Headlines

Compare before deciding

Benchmark FBIZ against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for First Business Financial Services, Inc. (FBIZ)

Full Screener →

Company	Price	Market Cap	P/E Ratio	Rev Growth (1Y)	Net Margin	ROE	Div Yield
FBIZFirst Business Financial Services, Inc.Current	$70.24	$587.36M	11.59	9.89%	18.02%	14.37%	1.69%
TCBKTriCo Bancshares	$52.32	$1.68B	14.10	6.38%	24.83%	10.22%	—
NBTBNBT Bancorp Inc.	$50.85	$2.64B	15.27	14.54%	22.65%	11.26%	—
SBCFSeacoast Banking Corporation of Florida	$32.83	$3.19B	20.78	13.82%	17.06%	5.61%	—
FFINFirst Financial Bankshares, Inc.	$32.31	$4.63B	18.25	16.23%	31.14%	14.2%	—
BANFBancFirst Corporation	$108.24	$3.64B	15.20	-18.53%	32.25%	13.44%	—

Compare FBIZ vs Peers

First Business Financial Services, Inc. (FBIZ) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs TCBK

Most directly comparable listed peer for FBIZ.

Scale Benchmark

vs FIS

Larger-name benchmark to compare FBIZ against a more recognizable public peer.

Peer Set

Compare Top 5

vs TCBK, NBTB, SBCF, FFIN

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FBIZ SEC Filings & Documents

First Business Financial Services, Inc. (FBIZ) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

Material company update

Aug 20, 2026·SEC

Material company update

Jul 30, 2026·SEC

Material company update

May 28, 2026·SEC

10-K Annual Reports

FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

FY 2026

Jul 31, 2026·SEC

FY 2026

Apr 24, 2026·SEC

FY 2025

Oct 31, 2025·SEC

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FBIZ Frequently Asked Questions

First Business Financial Services, Inc. (FBIZ) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

How fast is First Business Financial Services, Inc. growing?

First Business Financial Services, Inc. (FBIZ) grew revenue by 9.9% over the past year. This is steady growth.

Is FBIZ profitable?

Yes, First Business Financial Services, Inc. (FBIZ) is profitable, generating $55.5M in net income for fiscal year 2025 (18.0% net margin).

Dividend & Returns

Does FBIZ pay dividends?

Yes, First Business Financial Services, Inc. (FBIZ) pays a dividend with a yield of 1.69%. This makes it attractive for income-focused investors.

What is FBIZ's return on equity?

First Business Financial Services, Inc. (FBIZ) has a return on equity (ROE) of 14.4%. This is reasonable for most industries.

Industry Metrics

What is First Business Financial Services, Inc.'s net interest margin?

First Business Financial Services, Inc. (FBIZ) has a net interest margin (NIM) of 3.3%. This indicates healthy earnings from lending activities.

What is First Business Financial Services, Inc.'s efficiency ratio?

First Business Financial Services, Inc. (FBIZ) has an efficiency ratio of 35.6%. This is excellent, indicating strong cost control.

What if you invested $1,000 in FBIZ back in 2003?

Total return calculator · dividends reinvested · 23+ years of data

See returns →

Quarter

EPS (Act vs Est)

Revenue (Act vs Est)

Q3 2026Latest

Jul 30, 2026

$1.84+17.9%

vs $1.56

$47M+2.8%

vs $45M

Q2 2026

Apr 23, 2026

$1.44+1.4%

vs $1.42

$44M+2.1%

vs $43M

Q1 2026

Jan 29, 2026

$1.58+14.5%

vs $1.38

$42M-1.3%

vs $43M

Q4 2025

Oct 30, 2025

$1.70+22.3%

vs $1.39

$45M+3.5%

vs $43M

Company

Price

Market Cap

P/E Ratio

Rev Growth (1Y)

Net Margin

ROE

Div Yield

FBIZFirst Business Financial Services, Inc.Current

$70.24

$587.36M

11.59

9.89%

18.02%

14.37%

1.69%

TCBKTriCo Bancshares

$52.32

$1.68B

14.10

6.38%

24.83%

10.22%

—

NBTBNBT Bancorp Inc.

$50.85

$2.64B

15.27

14.54%

22.65%

11.26%

—

SBCFSeacoast Banking Corporation of Florida

$32.83

$3.19B

20.78

13.82%

17.06%

5.61%

—

FFINFirst Financial Bankshares, Inc.

$32.31

$4.63B

18.25

16.23%

31.14%

14.2%

—

BANFBancFirst Corporation

$108.24

$3.64B

15.20

-18.53%

32.25%

13.44%

—