# First Business Financial Services, Inc.: overview

FBIZ · Nasdaq · CIK 1521951 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/fbiz.md) · [Financials](/companies/fbiz/financials.md) · [Filings](/companies/fbiz/filings.md) · [Insiders](/companies/fbiz/insiders.md)

Revenue is not reported in this company’s XBRL financial statements.

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [1.24](/filings/0001193125-26-071523.md) | [1.71](/filings/0001193125-26-071523.md) | [1.32](/filings/0001193125-26-177139.md) | [1.35](/filings/0001193125-26-328468.md) | [1.70](/filings/0001193125-26-071523.md) | [1.58](/filings/0001193125-26-071523.md) | [1.44](/filings/0001193125-26-177139.md) | [1.84](/filings/0001193125-26-328468.md) |
| Free cash flow | $m | [13.2 d](/filings/0001193125-25-260778.md) | [21.9 d](/filings/0001193125-26-071523.md) | [11.2](/filings/0001193125-26-177139.md) | [15.5 d](/filings/0001193125-26-328468.md) | [18.3 d](/filings/0001193125-25-260778.md) | [16.1 d](/filings/0001193125-26-071523.md) | [2.9](/filings/0001193125-26-177139.md) | [43.6 d](/filings/0001193125-26-328468.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | not reported | not reported | not reported | not reported | not reported |
| Gross margin | % | not reported | not reported | not reported | not reported | not reported |
| Operating margin | % | not reported | not reported | not reported | not reported | not reported |
| Net margin | % | not reported | not reported | not reported | not reported | not reported |
| Diluted EPS | $ per share | [4.17](/filings/0001521951-24-000020.md) | [4.75](/filings/0000950170-25-027715.md) | [4.33](/filings/0001193125-26-071523.md) | [5.20](/filings/0001193125-26-071523.md) | [5.94](/filings/0001193125-26-071523.md) |
| Free cash flow | $m | [35.6](/filings/0001521951-24-000020.md) | [35.4](/filings/0000950170-25-027715.md) | [49.4](/filings/0001193125-26-071523.md) | [57.3](/filings/0001193125-26-071523.md) | [61.1](/filings/0001193125-26-071523.md) |

- Revenue. XBRL not reported.
- Gross margin (gross profit / revenue). XBRL not reported.
- Operating margin (operating income / revenue). XBRL not reported.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss.
- Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/fbiz/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $58.6m | 928,380 |  | Added +58,178 |
| [DIMENSIONAL FUND ADVISORS LP](/funds/354204.md) | 2026-06-30 | $31.5m | 498,430 |  | Reduced −1,286 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $21.7m | 343,482 |  | Added +2,944 |
| [First Business Financial Services, Inc.](/funds/1521951.md) | 2026-06-30 | $21.5m | 340,189 |  | Reduced −21,122 |
| [AMERICAN CENTURY COMPANIES INC](/funds/748054.md) | 2026-06-30 | $17.2m | 272,788 |  | Added +32,651 |
| [MANUFACTURERS LIFE INSURANCE COMPANY, THE](/funds/928047.md) | 2026-06-30 | $15.4m | 243,005 |  | Reduced −1,790 |
| [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $13.6m | 214,987 |  | Added +15,215 |
| [STATE STREET CORP](/funds/93751.md) | 2026-06-30 | $11.8m | 187,371 |  | Added +13,653 |
| [BANC FUNDS CO LLC](/funds/1029311.md) | 2026-06-30 | $10.3m | 163,224 |  | Reduced −3,000 |
| [Cutler Capital Management, LLC](/funds/1353098.md) | 2026-06-30 | $9.8m | 154,346 |  | Reduced −244 |

## Recent filings

[All 1,264 filings](/companies/fbiz/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-30 | 16:06 ET | [10-Q](/filings/0001193125-26-441632.md) | Quarterly report, period 2026-09-30 | 0001193125-26-441632 |
| 2026-10-29 | 16:05 ET | [8-K](/filings/0001193125-26-437781.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-437781 |
| 2026-08-20 | 17:28 ET | [8-K](/filings/0001193125-26-359419.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-359419 |
| 2026-07-31 | 16:06 ET | [10-Q](/filings/0001193125-26-328468.md) | Quarterly report, period 2026-06-30 | 0001193125-26-328468 |
| 2026-07-30 | 16:00 ET | [8-K](/filings/0001193125-26-326079.md) | 2.02 Results of operations; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-326079 |
| 2026-05-28 | 16:02 ET | [8-K](/filings/0001193125-26-245166.md) | 5.02 Departure or appointment of officers or directors; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-245166 |
| 2026-05-11 | 16:19 ET | [8-K/A](/filings/0001104659-26-058671.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-058671 |
| 2026-05-05 | 07:01 ET | [8-K](/filings/0001193125-26-204998.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-204998 |
| 2026-04-29 | 16:02 ET | [8-K](/filings/0001193125-26-191442.md) | 5.07 Shareholder vote results; 9.01 Financial statements and exhibits | 0001193125-26-191442 |
| 2026-04-24 | 16:06 ET | [10-Q](/filings/0001193125-26-177139.md) | Quarterly report, period 2026-03-31 | 0001193125-26-177139 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-071523.md), filed Feb 25, 2026.

## Forecast league

Not in this season’s league. [This season’s league](/leagues.md)

## About the filer

- CIK: 1521951
- Tickers: FBIZ
- Exchange: Nasdaq
- SIC code: 6022 State Commercial Banks
- State of incorporation: WI
- Filer category: Accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 30, 2026, 16:13 ET. No prices; not investment advice.