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← CockpitCompetitor Analysis › FBIZ First Business Financial Services, Inc.Open in the cockpit ↗

First Business Financial Services, Inc.FBIZCompetitor analysis, valuation and peers

United States · USD·Financials›Regional Banks
Momentum leader 82
Mkt cap
$618M
US dollars, full cap
Free float
92%
of shares outstanding
$/day
$6.13M
20-day average traded
P/B
1.58×
price to book
ROE
14.9%
delivered
Implied ROE
11.2%
what the price asks
Next earnings
83 days
28 Jan 2027
Close · USD$74.18
1D-0.9%
1W-1.6%
1M+5.1%
3M+5.3%
6M+31.1%
YTD+36.6%
1Y+42.9%
ATR %2.8%
Beta0.38
52w lowhigh6.7% off high

What First Business Financial Services does

Employees: 365

First Business Financial Services at a glance

Size First Business Financial Services (FBIZ) is a United States Financials company (Regional Banks) with a market value of $618M, the 2567th largest of 3,117 United States companies the cockpit tracks. Shares closed at $74.18 on 6 Nov 2026.

Performance Over six months the shares gained 31.1%, against +10.0% for the median peer and -1.1% for the United States market (cap-weighted) — 4th highest of 20 in its peer set.

Growth Revenue grew 4.4% over the last twelve months (peer median +10.1%); the operating margin is 37.0% (peer median 36.6%).

Valuation It trades at 1.58× book value against a peer median of 1.21× (6th most expensive of 21).

Price implies The share price implies a return on equity of about 11.2%; First Business Financial Services delivers 14.9%, so the price asks less than the business earns today.

Short interest Short interest is 4.5% of the free float (15 Oct 2026).

Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).

Relative performance

10012014011 May 202611 Aug 20266 Nov 2026FBIZ 134Peer median 112
Six months, rebased to 100: First Business Financial Services against the median of its 20 peers (local-currency closes).

First Business Financial Services financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$289M$278M$260M$223M$148M
Revenue growth—+7%+17%+51%—
Net income$56.8M$49.4M$43.2M$36.1M$39.8M
Free cash flow$71.5M$64.6M$64.4M$49.4M$32.4M
Capital expenditure$663,000$25.1M$248,000$2.91M$3.27M
Total debt$194M$259M$328M$340M$467M

Quarterly statements and history in the cockpit →

First Business Financial Services competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-50%-25%0%+25%+50%-40%-20%0%CARE7384OMASPMYS8395CIVBCCB8399MSBIEQUITASBNKUNTYACNBIFBWFGBSVNFBIZ6-month return →1-month return →
Up and to the right = strong over both horizons. First Business Financial Services is the large dot.

Fundamentals: return on equity against price-to-book

5%10%15%0.50×10×1.50×CARE7384OMASPMYS8395CIVBCCBWCCB8399MSBIEQUITASBNKUNTYACNBBWBIFSFSTRRBIBWFGBSVNBHBFBIZReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. First Business Financial Services is the large dot.

Capital: ROE delivered against the ROE the price implies

5%10%15%5%10%15%CARE7384OMASPMYS8395CIVBCCBWCCB8399MSBIEQUITASBNKUNTYACNBBWBIFSFSTRRBIBWFGBSVNFBIZROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. First Business Financial Services is the large dot.

First Business Financial Services competitors and peer comparison

How First Business Financial Services compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

First Business Financial Services against its 20 peers (data as of 6 Nov 2026)
MeasureFBIZPeer medianRank in peer set
1-month return+5.1%+0.1%5th highest of 21
6-month return+31.1%+10.0%4th highest of 20
Return on equity14.9%11.1%5th highest of 21
Price / book1.58×1.21×6th most expensive of 21
Trailing P/E10.9×12.1×9th cheapest of 20
ROE the price implies11.2%9.5%4th most demanding of 21
ROE delivered14.9%11.2%5th highest of 21

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
First Business Financial Services FBIZUnited States$618M+31%+4%15%1.58×11.2%14.9%
Carter Bankshares CAREUnited States$634M+9%+40%28%1.20×8.8%27.5%
Procrea Holdings,Inc 7384.TJapan$638M-2%+25%2%0.59×4.1%2.4%
Oma Savings Bank OMASP.HEFinland$643M+47%-20%7%0.92×5.0%6.6%
Mystate MYS.AXAustralia$591M+12%+27%8%1.12×10.2%7.5%
Bank of Saga 8395.TJapan$589M+10%+16%8%0.72×5.2%8.2%
Civista Bancshares CIVBUnited States$587M+13%+5%11%1.06×8.4%10.9%
Coastal Financial CCBUnited States$653M-41%+10%-1%1.37×10.8%-0.8%
West Coast Community Bancorp WCCBUnited States$653Mn/a+6%15%1.62×9.1%15.0%
Bank Of The Ryukyus,Limited 8399.TJapan$655M-3%+19%7%0.68×5.3%6.5%
Midland States Bancorp MSBIUnited States$660M+12%-21%10%1.57×11.0%10.2%
Equitas Small Finance Bank EQUITASBNK.NSIndia$662M-25%+15%11%0.95×15.4%11.4%
Unity Bancorp UNTYUnited States$575M+7%+10%17%1.48×10.4%17.1%
ACNB ACNBUnited States$667M+22%+15%13%1.58×13.1%13.4%
Bridgewater Bancshares BWBUnited States$568M+10%+10%12%1.19×9.0%11.5%
Banca IFIS IF.MIItaly$673M-53%+68%13%0.30×5.2%13.0%
Southern First Bancshares SFSTUnited States$563M+5%+9%11%1.22×9.7%10.5%
Red River Bancshares RRBIUnited States$682M+14%+7%13%1.78×10.0%13.0%
Bankwell Financial BWFGUnited States$559M+34%+10%14%1.67×10.9%14.3%
Bank7 BSVNUnited States$556M+33%-1%16%2.03×14.5%16.0%
Bar Harbor Bankshares BHBUnited States$688M+17%+16%11%1.28×9.3%10.7%

Questions

Which companies are First Business Financial Services's closest peers?
The cockpit's peer set: Carter Bankshares (CARE), Procrea Holdings,Inc (7384.T), Oma Savings Bank (OMASP.HE), Mystate (MYS.AX), Bank of Saga (8395.T), Civista Bancshares (CIVB), Coastal Financial (CCB), West Coast Community Bancorp (WCCB).
Is First Business Financial Services expensive compared with its peers?
On price / book it trades at 1.58× against a peer median of 1.21×, 6th most expensive of 21 in its peer set. The share price implies a return on equity of about 11.2%; First Business Financial Services delivers 14.9%, so the price asks less than the business earns today.
How has First Business Financial Services stock performed?
Over six months to 6 Nov 2026 the shares returned +31.1% against +10.0% for the median peer; over one year +42.9%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.