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FBIZFirst Business Financial Services, Inc.
$74.18$620M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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FBIZ logo

First Business Financial Services, Inc.

FBIZ
NASDAQ · Regional Banks
$74.18
At close - Nov 6, 4:00 PM EST - USD
Market Cap$620M
P/E10.6x
52W High$79.53
Volume67.08K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q3

Earnings Momentum Strong, Credit Cost Watch Continues

FBIZ's net interest income rose from $30.5M in 2Q24 to $39.1M in 3Q26, roughly a 28 percent gain, while the efficiency ratio improved from 62.9 percent to 54.9 percent, suggesting revenue is scaling faster than expenses.

GrowthExpanding
ProfitabilityStrong
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

FBIZ price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-14% Peers

P/E is 14% below peer median

03

Market leadership

RS 86 · Leader

High momentum (Outperforming 86% of market)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystEstimated earnings · Jan 29

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FBIZ+40.35%
S&P 500 (^GSPC)+7.63%
1-Year Return
FBIZ+46.87%
S&P 500 (^GSPC)+9.69%
3-Year Return
FBIZ+140.25%
S&P 500 (^GSPC)+67.08%
5-Year Return
FBIZ+153.40%
S&P 500 (^GSPC)+55.31%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
10.6x
Forward P/E
10.9x
EV/EBITDA100th %ile
12.2x
FCF YieldCash Flow
10.9%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
10.6x
8.9x
100th· High
EV/EBITDA
12.2x
10.5x
100th· High
Price/FCF
9.1x
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 FY25
$169M+9.9% YoY
Net income FY25
$50M+13.7% YoY
Free cash flow FY25
$61M+6.7% YoY
Operating margin FY25
35.9%+2.5 pts YoY
ROIC (FY25)7%
Avg ROIC 5Y5.9%
ROE (TTM)14.9%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

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

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate7/12 (58%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Oct 29, 2026
$1.95+16.8%
vs $1.67
$48M+1.3%
vs $47M
Q3 2026
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
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Zacks Investment Research·Oct 22, 2026
First Business Financial Services (FBIZ) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

First Business Financial Services (FBIZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Zacks Investment Research·Oct 15, 2026
Why First Business Financial Services (FBIZ) is Poised to Beat Earnings Estimates Again

First Business Financial Services (FBIZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Defense World·Oct 13, 2026
First Business Financial Services (NASDAQ:FBIZ) versus Oak Valley Bancorp (NASDAQ:OVLY) Head to Head Comparison

Oak Valley Bancorp (NASDAQ: OVLY - Get Free Report) and First Business Financial Services (NASDAQ: FBIZ - Get Free Report) are both small-cap finance companies, but which is the superior investment? We will contrast the two businesses based on the strength of their profitability, institutional ownership, valuation, earnings, dividends, risk and analyst recommendations. Institutional and Insider Ownership

Defense World·Oct 11, 2026
First Business Financial Services (NASDAQ:FBIZ) Sees Unusually-High Trading Volume – Should You Buy?

First Business Financial Services, Inc. (NASDAQ: FBIZ - Get Free Report) saw unusually-strong trading volume on Friday. Approximately 45,062 shares traded hands during mid-day trading, a decline of 3% from the previous session's volume of 46,594 shares. The stock last traded at $70.0250 and had previously closed at $70.61. Analysts Set New Price Targets Several equities

Filtered for First Business Financial Services, Inc.More Headlines
04

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 →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FBIZ logoFBIZFirst Business Financial Services, Inc.Current
$74.18$620.31M10.609.89%31.92%14.87%1.6%
TCBK logoTCBKTriCo Bancshares
$52.17$1.68B12.026.38%31.92%10.47%2.65%
NBTB logoNBTBNBT Bancorp Inc.
$52.83$2.75B12.6814.54%28.98%11.31%2.7%
SBCF logoSBCFSeacoast Banking Corporation of Florida
$33.54$3.26B17.5813.82%26.2%6.12%2.2%
FFIN logoFFINFirst Financial Bankshares, Inc.
$30.41$4.36B15.0216.23%42.9%15.14%2.43%
BANF logoBANFBancFirst Corporation
$115.20$3.87B15.31-18.53%41.17%13.3%1.59%

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

05

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

6
Material company update

Nov 5, 2026·SEC

Material company update

Oct 29, 2026·SEC

Material company update

Aug 20, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 25, 2026·SEC

FY 2025

Feb 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Oct 30, 2026·SEC

FY 2026

Jul 31, 2026·SEC

FY 2026

Apr 24, 2026·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 7.9% over the trailing twelve months, compared with the twelve months before.

Is FBIZ profitable?

Yes. First Business Financial Services, Inc. (FBIZ) earned $57.7M in net income over the trailing twelve months (a 31.9% net margin).

Dividend & Returns
Does FBIZ pay dividends?

Yes. First Business Financial Services, Inc. (FBIZ) pays a dividend that yields 1.60% at the current price, a moderate yield.

What is FBIZ's return on equity?

First Business Financial Services, Inc. (FBIZ) had a return on equity (ROE) of 14.9% over the trailing twelve months. That is in line with the market's typical 10-15%.

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 59.0%. This is reasonable for a bank.

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

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

See returns →