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FIRST BUSINESS FINANCIAL SERVICES, INC. FBIZ

Nasdaq · stock · State Commercial Banks · website · IPO 2005-10-07 · LEI

FIRST BUSINESS FINANCIAL SERVICES, INC. statistics & valuation

Market cap$533.6M
P / E10.6×
P / B1.4×
P / FCF8.7×
Dividend yield1.82%
Return on equity13.5%
Graham number +9%$77.23

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($77.23); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
9.20% 7.00% 9.00% 12.00% 8.20% 15.40% 15.70% 12.80% 13.50% 13.50% 2016201720182019202020212022202320242025
Shares outstanding
8.7M 8.8M 8.8M 8.6M 8.6M 8.5M 8.4M 8.3M 8.3M 8.3M 2016201720182019202020212022202320242025
Net debt ($)
2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.80% 0.70% 0.80% 1.10% 0.70% 1.30% 1.40% 1.10% 1.10% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
2016201720182019202020212022202320242025
EPS ($)
$1.71 $1.36 $1.86 $2.68 $1.97 $4.17 $4.75 $4.33 $5.20 $5.94 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FIRST BUSINESS FINANCIAL SERVICES, INC. trades at about 11.9× earnings — above its 10-year norm (10-year range 7.5×–18×, median 9.8×).

7.5× 18×

Shaded band = 10-year range (7.5×–18×); dot = today's 11.9×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.2%1.1%1.1%1.4%1.3%0.7%1.1%0.8%0.7%0.8%
Return on equity13.5%13.5%12.8%15.7%15.4%8.2%12.0%9.0%7.0%9.2%

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.