FBIZ FINANCIAL STATEMENTS

First Business Financial Services — balance sheet, income statement and cash flow trends

FBIZFirst Business Financial Services

🇺🇸 USA · NASDAQ · Financial Services · Banks - Regional

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue282.8 M $+5.9%

Gross Profit163.1 M $+9.6%

Operating Income61.4 M $+13.6%

EBITDA65.2 M $+12.8%

Net Income51.3 M $+10.3%

Peer Comparison· Banks - Regional

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
FBIZ	—	—	—	18.2%
ICBCT	—	—	—	24.7%
TSKB	—	—	—	54.9%
NWG	—	—	—	20.1%
ISBTR	—	—	—	28.1%
LLOY	—	—	—	25.9%
Industry median	—	67.2%	20.4%	20.6%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity380.1 M $9%
Current Liabilities3.6 B $83%
Long-term Liabilities374.8 M $9%

Key Figures

YoY change

Total Assets4.3 B $+9.5%

Total Liabilities3.9 B $+9.2%

Total Equity380.1 M $+13.1%

Cash & ST Investments513.5 M $-3.1%

Total Debt310.5 M $+5.5%

Net Debt173.4 M $+40.3%

Peer Comparison· Banks - Regional

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
FBIZ	0.15	81.7%	-3.11	8.8%
ICBCT	—	0.0%	-20.34	4.0%
TSKB	—	0.0%	-0.47	13.4%
NWG	0.25	17.0%	-14.68	5.2%
ISBTR	—	0.0%	-28.33	8.5%
LLOY	0.12	209.8%	5.39	5.0%
Industry median	0.31	38.0%	-0.58	11.0%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
FBIZ	0.15	81.7%	-3.11	8.8%
FFIC	32.60	67.2%	5.72	7.9%
COFS	0.52	49.7%	1.67	10.7%
BSRR	0.19	109.5%	-3.40	9.7%
SFST	0.03	69.8%	3.04	8.3%
HBCP	0.22	12.3%	-8.96	12.5%
Industry median	0.31	38.0%	-0.58	11.0%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow53.4 M $-11.1%

Capital Expenditures650 K $-42.8%

Free Cash Flow52.8 M $-12.3%

Dividends Paid-11 M $-215.4%

Peer Comparison· Banks - Regional

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
FBIZ	18.9%	18.7%	0.2%	104.1%
ICBCT	24.7%	29.9%	5.1%	100.0%
TSKB	54.9%	71.9%	17.0%	100.0%
NWG	—	—	0.0%	—
ISBTR	28.1%	-3.3%	31.4%	100.0%
LLOY	—	—	0.0%	—
Industry median	23.6%	22.1%	1.5%	111.4%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
FBIZ	18.9%	18.7%	0.2%	104.1%
FFIC	9.4%	8.5%	0.9%	131.2%
COFS	15.8%	12.7%	3.0%	68.3%
BSRR	2.1%	1.5%	0.6%	9.1%
SFST	16.4%	16.0%	0.4%	96.2%
HBCP	28.0%	23.9%	4.1%	126.5%
Industry median	23.6%	22.1%	1.5%	111.4%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

Go deeper on FBIZ

Run a DCF valuation

Full DCF model with editable assumptions

Start a head-to-head duel

Compare two stocks metric by metric

Filter in the stock screener

Build your own universe with 400+ metrics

Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.