Stocks · Financial Services · Banks - Regional
First Business Financial Services, Inc. FBIZ
$70.93 +2.07% Close, Oct 2, 2026 · NASDAQ · Market cap $593.1M
Strong trend
Next earnings report: Oct 29, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 10.7× trailing earnings, the shares trade at the highest P/E of the company's past five years.
- Net debt is 6.3× EBITDA, a high level of leverage.
- The stock is in an uptrend: above its 200-day average for 135 trading days, with the 50-day average above the 200-day.
PromtFinance scores
Each score is a percentile within the Financial Services sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
Growth69Positive
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Top 50%
- EPS growth (TTM, YoY)Bottom 48%
- FCF growth (TTM, YoY)Top 41%
- Revenue growth, 3-year CAGRTop 24%
- Revenue growth accelerationTop 40%
Quality41Weak
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 49%
- Gross marginBottom 35%
- Operating marginTop 49%
- Cash conversion (OCF / net income)Top 31%
- Accruals (lower is better)Top 40%
- Net debt / EBITDA (lower is better)Bottom 20%
- Interest coverBottom 31%
Value53Neutral
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 21%
- Free-cash-flow yieldTop 21%
- EBITDA / enterprise valueTop 50%
- Sales / enterprise valueBottom 42%
- P/E vs own 5-year history (lower is better)Bottom 2%
Momentum95Exceptional
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthTop 10%
- 6-month returnTop 11%
- 1-year return vs S&P 500Top 11%
- Distance from 52-week highTop 18%
- Trend checklist (0–4)Top 27%
Revisions86Strong
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 19%
- Consecutive EPS beatsTop 29%
- Share of analysts rating BuyTop 12%
- Upside to consensus price targetBottom 39%
Stability42Weak
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Bottom 47%
- Maximum drawdown, 3 yearsTop 28%
- Beta vs S&P 500 (lower is better)Bottom 43%
- Net debt / EBITDA (lower is better)Bottom 20%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.9% | 6.6% | ↑ |
| EPS growth (YoY) | 11.6% | 18.0% | ↑ |
| Gross margin | 55.9% | 58.9% | ↑ |
| Operating margin | 20.4% | 22.5% | ↑ |
| FCF margin | 23.3% | 28.1% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.6% | 5.9% | ↑ | Top 50% |
| EPS growth (TTM, YoY) | 18.0% | 11.6% | ↑ | Bottom 48% |
| Gross margin | 58.9% | 55.9% | ↑ | Bottom 35% |
| Operating margin | 22.5% | 20.4% | ↑ | Top 49% |
| Net margin | 19.3% | 17.6% | ↑ | — |
| Free-cash-flow margin | 28.1% | 23.3% | ↑ | — |
| Return on invested capital | 1.3% | — | Top 49% | |
| Revenue growth, 3-year CAGR | 22.8% | — | Top 24% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.47×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -0.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- -9.0 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 6.29×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 0.6×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 1.80%
- Net buyback yield (TTM)
- 0.27%
- Shareholder yield
- 2.07%
- Share count change, 1 year
- +0.7%
- Share count change, 3-year CAGR
- +0.6%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 31, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 4
- Beats in the last 8 reports
- 7 of 8
- Average EPS surprise, last 4
- +14.0%
- Average 2-day reaction, last 8
- +0.4%
- Positive 20 days after report
- 5 of 8
Analysts
- Consensus price target
- $79.67
- Target vs current price
- +12.3%
- Analysts with a rating
- 10
- Share rating Buy or Strong Buy
- 80%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 30, 2026 | +17.9% | -0.5% | +6.3% | +3.4% | — |
| Apr 23, 2026 | +1.4% | +0.0% | -1.4% | -1.5% | +14.8% |
| Jan 29, 2026 | +14.5% | +3.0% | +7.2% | +1.3% | +1.1% |
| Oct 30, 2025 | +22.3% | -0.9% | +4.7% | +5.9% | +14.1% |
| Jul 24, 2025 | +0.0% | -3.7% | -10.9% | -6.9% | -10.9% |
| Apr 24, 2025 | +2.3% | +2.6% | -1.1% | -1.4% | +10.6% |
| Jan 30, 2025 | +12.6% | +1.6% | +12.4% | +7.4% | -1.8% |
| Oct 24, 2024 | +4.2% | +1.0% | -1.1% | +12.2% | +5.0% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 30, 2026 | $1.84 | $1.56 | +17.9% | $46.7M |
| Apr 23, 2026 | $1.44 | $1.42 | +1.4% | $44.3M |
| Jan 29, 2026 | $1.58 | $1.38 | +14.5% | $42.2M |
| Oct 30, 2025 | $1.70 | $1.39 | +22.3% | $44.5M |
| Jul 24, 2025 | $1.35 | $1.35 | +0.0% | $41.0M |
| Apr 24, 2025 | $1.32 | $1.29 | +2.3% | $40.8M |
| Jan 30, 2025 | $1.43 | $1.27 | +12.6% | $41.2M |
| Oct 24, 2024 | $1.24 | $1.19 | +4.2% | $38.1M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 10.7× | 8.3× | 100th | Top 21% |
| P/E (forward) | 10.8× | — | — | — |
| EV / EBITDA | 14.9× | — | — | Top 50% |
| EV / Sales | 3.56× | — | — | Bottom 42% |
| Free-cash-flow yield | 13.64% | — | — | Top 21% |
| Earnings yield | 9.35% | — | — | Top 21% |
P/E over the past five years
Range 6.0× – 10.6× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- +41.8%
- Earnings per share growth (TTM)
- +18.0%
- Change in P/E multiple
- +22.4%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✓ Price above 50-day average
- ✓ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 1
- Days above the 200-day average
- 135
- 50-day average slope (20 days)
- +3.9%
- 200-day average slope (20 days)
- +3.0%
- Distance from 50-day average
- +0.6%
- Distance from 200-day average
- +16.7%
- RSI (14)
- 53.3
- Relative volume
- 0.79×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 21.2%
- Volatility vs own 5-year history
- 8th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.76
- Correlation with S&P 500
- 0.42
- Current drawdown from 1-year high
- -2.6%
- Maximum drawdown, 3 years
- -21.2%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Nov 22, 2022 | May 11, 2023 | -36.3% | 116 days | 152 days (Dec 18, 2023) |
| Feb 6, 2025 | Apr 7, 2025 | -21.2% | 41 days | 171 days (Dec 10, 2025) |
| Dec 28, 2023 | Apr 17, 2024 | -19.9% | 75 days | 62 days (Jul 17, 2024) |
| Nov 25, 2024 | Jan 10, 2025 | -16.9% | 30 days | 14 days (Jan 31, 2025) |
| Jun 3, 2022 | Jul 14, 2022 | -14.9% | 27 days | 21 days (Aug 12, 2022) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $593.1M
- P/E (TTM)
- 10.7
- EPS, diluted (TTM)
- $6.63
- Revenue (TTM)
- $287.9M
- Dividend yield
- 1.85%
- 52-week range
- $46.07 – $73.74
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $124.1M | $150.8M | $226.2M | $262.4M | $279.2M |
| Gross profit | $118.6M | $131.7M | $135.7M | $144.6M | $160.0M |
| Operating income | $47.0M | $52.2M | $47.1M | $51.1M | $60.5M |
| Net income | $35.8M | $40.9M | $37.0M | $44.2M | $50.3M |
| EPS (diluted) | $4.17 | $4.75 | $4.33 | $5.20 | $6.06 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $66.4M | $68.1M | $67.1M | $68.5M | $73.4M | $70.2M | $70.7M | $73.6M |
| Net income | $10.5M | $14.4M | $11.2M | $11.4M | $14.4M | $13.3M | $12.2M | $15.6M |
| EPS (diluted) | $1.24 | $1.71 | $1.32 | $1.35 | $1.70 | $1.60 | $1.49 | $1.84 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $36.0M | $38.6M | $52.3M | $57.5M | $61.7M |
| Capital expenditure | -$391,000 | -$3.2M | -$2.9M | -$223,000 | -$595,000 |
| Free cash flow | $35.6M | $35.4M | $49.4M | $57.3M | $61.1M |
| Dividends paid | -$6.2M | -$6.7M | -$7.6M | -$8.3M | -$9.7M |
| Net share buybacks | -$5.3M | -$6.1M | -$3.0M | -$1.3M | -$1.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $531.1M
- Total assets
- $4.41B
- Total liabilities
- $4.01B
- Total debt
- $595.2M
- Net debt
- $431.9M
- Shareholders’ equity
- $395.3M
As of Jun 30, 2026 (filed Jul 31, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Aug 12, 2026 | $0.34 | Aug 26, 2026 |
| May 6, 2026 | $0.34 | May 20, 2026 |
| Feb 13, 2026 | $0.34 | Feb 28, 2026 |
| Nov 19, 2025 | $0.29 | Dec 3, 2025 |
| Aug 11, 2025 | $0.29 | Aug 25, 2025 |
| May 9, 2025 | $0.29 | May 23, 2025 |
| Feb 14, 2025 | $0.29 | Feb 28, 2025 |
| Nov 7, 2024 | $0.25 | Nov 20, 2024 |
Short interest
- Shares sold short
- 308,415
- Days to cover
- 6.49
- Change vs previous report
- +17.1%
FINRA short interest, settlement date Sep 15, 2026.
Stock splits
- Aug 31, 2015
- 2-for-1