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Stocks · Financials · State Commercial Banks

FIRST BUSINESS FINANCIAL SERVICES, INC.

FBIZ Clue Score62
United States Fiscal year ends December CIK 0001521951
$69.36 -1.77% Close, 9 Oct 2026
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Price $69.36 +140.92% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income14.9EPS, diluted1.71Fiscal year 2017Net income11.9 −20.1%EPS, diluted1.36 −20.5%Fiscal year 2018Net income16.3 +36.9%EPS, diluted1.86 +36.8%Fiscal year 2019Net income23.3 +43.1%EPS, diluted2.68 +44.1%Fiscal year 2020Net income17.0 −27.2%EPS, diluted1.97 −26.5%Fiscal year 2021Net income35.8 +110.6%EPS, diluted4.17 +111.7%Fiscal year 2022Net income40.9 +14.3%EPS, diluted4.75 +13.9%Fiscal year 2023Net income37.0 −9.4%EPS, diluted4.33 −8.8%Fiscal year 2024Net income44.2 +19.5%EPS, diluted5.20 +20.1%Fiscal year 2025Net income50.3 +13.7%EPS, diluted5.94 +14.2%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 14.9 11.9 16.3 23.3 17.0 35.8 40.9 37.0 44.2 50.3
Growth −20.1% +36.9% +43.1% −27.2% +110.6% +14.3% −9.4% +19.5% +13.7%
EPS, diluted 1.71 1.36 1.86 2.68 1.97 4.17 4.75 4.33 5.20 5.94
Growth −20.5% +36.8% +44.1% −26.5% +111.7% +13.9% −8.8% +20.1% +14.2%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow26.2Capital expenditure−0.6Free cash flow25.6Buybacks−0.5Dividends paid−4.2Fiscal year 2017Operating cash flow22.4Capital expenditure−1.2Free cash flow21.2 −17.2%Buybacks−0.3Dividends paid−4.5Fiscal year 2018Operating cash flow25.3Capital expenditure−1.0Free cash flow24.3 +14.9%Buybacks−0.5Dividends paid−4.9Fiscal year 2019Operating cash flow29.0Capital expenditure−0.2Free cash flow28.8 +18.3%Buybacks−7.2Dividends paid−5.2Fiscal year 2020Operating cash flow26.6Capital expenditure−0.3Free cash flow26.4 −8.3%Buybacks−1.7Dividends paid−5.7Fiscal year 2021Operating cash flow36.0Capital expenditure−0.4Free cash flow35.6 +35.0%Buybacks−5.5Dividends paid−6.2Fiscal year 2022Operating cash flow38.6Capital expenditure−3.2Free cash flow35.4 −0.5%Buybacks−6.1Dividends paid−6.7Fiscal year 2023Operating cash flow52.3Capital expenditure−2.9Free cash flow49.4 +39.5%Buybacks−3.0Dividends paid−7.6Fiscal year 2024Operating cash flow57.5Capital expenditure−0.2Free cash flow57.3 +15.9%Buybacks−1.3Dividends paid−8.3Fiscal year 2025Operating cash flow61.7Capital expenditure−0.6Free cash flow61.1 +6.7%Buybacks−1.4Dividends paid−9.7
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 26.2 22.4 25.3 29.0 26.6 36.0 38.6 52.3 57.5 61.7
Capital expenditure −0.6 −1.2 −1.0 −0.2 −0.3 −0.4 −3.2 −2.9 −0.2 −0.6
Free cash flow 25.6 21.2 24.3 28.8 26.4 35.6 35.4 49.4 57.3 61.1
Growth −17.2% +14.9% +18.3% −8.3% +35.0% −0.5% +39.5% +15.9% +6.7%
Buybacks −0.5 −0.3 −0.5 −7.2 −1.7 −5.5 −6.1 −3.0 −1.3 −1.4
Dividends paid −4.2 −4.5 −4.9 −5.2 −5.7 −6.2 −6.7 −7.6 −8.3 −9.7

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2016Cash77.5Shareholders’ equity161.7Fiscal year 2017Cash52.5Shareholders’ equity169.3Fiscal year 2018Cash86.5Shareholders’ equity180.7Fiscal year 2019Cash67.1Shareholders’ equity194.2Fiscal year 2020Cash56.9Shareholders’ equity206.2Fiscal year 2021Cash57.1Shareholders’ equity232.4Fiscal year 2022Cash102.7Shareholders’ equity260.6Fiscal year 2023Cash139.5Shareholders’ equity289.6Fiscal year 2024Cash157.7Shareholders’ equity328.6Fiscal year 2025Cash39.5Shareholders’ equity371.6
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 77.5 52.5 86.5 67.1 56.9 57.1 102.7 139.5 157.7 39.5
Shareholders’ equity 161.7 169.3 180.7 194.2 206.2 232.4 260.6 289.6 328.6 371.6

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
1.5 1.9 1.9 n/a n/a n/a n/a n/a n/a n/a
17.1 14.2 17.7 24.5 18.3 47.0 52.2 47.1 51.2 60.5
2.2 2.3 1.4 1.2 1.3 11.3 11.4 10.1 6.9 10.1
14.9 11.9 16.3 23.3 17.0 35.8 40.9 37.0 44.2 50.3
Growth −20.1% +36.9% +43.1% −27.2% +110.6% +14.3% −9.4% +19.5% +13.7%
Per share
1.71 1.36 1.86 2.68 1.97 4.17 4.75 4.33 5.20 5.94
1.71 1.36 1.86 2.68 1.97 4.17 4.75 4.33 5.20 5.94
Growth −20.5% +36.8% +44.1% −26.5% +111.7% +13.9% −8.8% +20.1% +14.2%
8.6 8.6 8.6 8.5 8.4 8.3 8.2 8.1 8.1 8.2
8.6 8.6 8.6 8.5 8.4 8.3 8.2 8.1 8.1 8.2
Growth +0.5% +0.3% −1.4% −1.5% −0.8% −1.1% −1.2% +0.2% +0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • The diluted share count fell 2.7% in five years, so buybacks did some of the work per share.
  • Profitable in every one of the 10 years on file.