First Business Financial Services, Inc.

FBIZ

FBIZFirst Business Financial Services, Inc. US flag

NASDAQ Global Select

57.42

USD

+1.00

- -

480.16MMarket Cap

Income Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Sales/Revenue/Turnover	43	47	51	56	76	78	74	83	89	102	113	128	144	153	169
+ Sales & Services Revenue	43	47	51	56	76	78	74	83	89	102	113	128	144	153	169
- Cost of Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cost of Goods & Services	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Profit	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Operating Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Selling, General & Admin	18	21	23	25	35	37	38	41	45	49	55	61	66	69	75
+ Research & Development	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Operating Expense	-18	-21	-23	-25	-35	-37	-38	-41	-45	-49	-55	-61	-66	-69	-75
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Non-Operating (Income) Loss	-12	-14	-21	-21	-25	-17	-14	-18	-24	-18	-47	-52	-47	-51	-60
+ Interest Expense, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
- Interest Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Non-Op (Income) Loss	-12	-14	-21	-21	-25	-17	-14	-18	-24	-18	-47	-52	-47	-51	-60
Pretax Income	12	14	21	21	25	17	14	18	24	18	47	52	47	51	60
- Income Tax Expense (Benefit)	3	5	7	7	8	2	2	1	1	1	11	11	10	7	10
- (Income) Loss from Affiliates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) from Cont Ops	8	9	14	14	17	15	12	16	23	17	36	41	37	44	50
- Net Extraordinary Losses (Gains)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Discontinued Operations	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Extraord. & Accounting Changes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Income (Loss) Incl. MI	8	9	14	14	17	15	12	16	23	17	36	41	37	44	50
- Minority Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income, GAAP	8	9	14	14	17	15	12	16	23	17	36	41	37	44	50
- Preferred Dividends	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	1	1	1	1
- Other Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Income Avail to Common, GAAP	8	9	14	14	17	15	12	16	23	17	36	40	36	43	49
EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA	2	3	2	2	- -	2	2	1	3	3	4	4	4	4	4
EBITDA Margin (%)	5.65	6.56	4.59	3.33	-0.12	1.95	2.1	1.77	3.42	3.41	3.15	3.18	2.53	2.44	2.24
EBITA	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Profit Margin (%)	19.81	19.16	27.19	25.14	21.83	19.21	15.98	19.54	26.15	16.71	31.71	31.96	25.73	28.83	29.84
Sales per Employee	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	0.15	0.09	0.32	0.43	0.45	0.49	0.53	0.57	0.61	0.67	0.74	0.9	1.04	1.13	1.29
Depreciation Expense	2	3	2	2	- -	2	2	1	3	3	4	4	4	4	4
Basic Weighted Avg Shares	5	8	8	8	9	9	9	9	9	8	8	8	8	8	8
Basic EPS, GAAP	1.68	1.14	1.75	1.8	1.93	1.74	1.38	1.89	2.74	2.02	4.3	4.88	4.45	5.32	6.06
Basic EPS from Cont Ops	1.68	1.14	1.75	1.8	1.93	1.74	1.38	1.89	2.74	2.02	4.3	4.97	4.55	5.43	6.17
Diluted Weighted Avg Shares	5	8	8	8	9	9	9	9	9	8	8	8	8	8	8
Diluted EPS, GAAP	1.68	1.14	1.74	1.79	1.93	1.74	1.38	1.89	2.74	2.02	4.3	4.88	4.45	5.32	6.06
Diluted EPS from Cont Ops	1.68	1.14	1.74	1.79	1.93	1.74	1.38	1.89	2.74	2.02	4.3	4.97	4.55	5.43	6.17

Balance Sheet (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Current Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash, Cash Equivalents & STI	300	286	261	248	254	223	179	225	240	241	263	315	437	499	417
+ Cash & Cash Equivalents	130	86	81	103	114	78	53	87	67	57	57	103	140	158	39
+ ST Investments	170	201	180	145	141	146	126	138	173	184	206	212	297	341	378
+ Accounts & Notes Receiv	21	19	29	4	36	36	36	39	34	31	21	9	13	13	13
+ Accounts Receivable, Net	4	3	3	4	4	5	5	6	6	9	5	9	13	13	13
+ Notes Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Receivable, Net	17	16	26	- -	31	31	31	33	28	22	16	- -	- -	- -	- -
+ Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Assets	-321	-305	-291	-252	-290	-259	-214	-264	-274	-272	-284	-324	-450	-512	-430
+ Misc ST Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Noncurrent Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Property, Plant & Equip, Net	1	1	1	4	4	4	3	3	9	8	7	12	13	11	10
+ Property, Plant & Equip	4	4	5	8	8	9	9	10	16	15	14	20	21	21	21
- Accumulated Depreciation	3	3	4	4	4	5	6	6	7	8	8	8	9	10	11
+ LT Investments & Receivables	173	203	183	197	189	197	176	188	218	225	241	254	356	407	496
+ LT Investments	173	203	183	197	189	197	176	188	218	225	241	254	356	407	496
+ LT Receivables	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other LT Assets	-174	-204	-184	-201	-193	-200	-179	-192	-228	-233	-248	-266	-369	-418	-506
+ Total Intangible Assets	- -	- -	- -	12	12	13	13	12	12	12	12	12	12	12	12
+ Goodwill	- -	- -	- -	11	11	11	11	11	11	11	11	11	11	11	11
+ Other Intangible Assets	- -	- -	- -	1	2	2	2	1	1	1	2	1	1	1	1
+ LT Deferred Tax Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Assets	-174	-204	-184	-213	-206	-213	-192	-204	-240	-245	-260	-278	-381	-430	-518
Total Assets	1,177	1,226	1,269	1,629	1,782	1,781	1,794	1,966	2,097	2,568	2,653	2,977	3,508	3,853	4,082
+ Payables & Accruals	11	12	7	9	9	11	13	21	14	16	15	19	- -	- -	- -
+ Accounts Payable	11	12	7	9	9	11	13	21	14	16	15	19	- -	- -	- -
+ Accrued Taxes	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Interest & Dividends Payable	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Payables & Accruals	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Debt	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Borrowings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ ST Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other ST Liabilities	-11	-12	-7	-9	-9	-11	-13	-21	-14	-16	-15	-19	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc ST Liabilities	-11	-12	-7	-9	-9	-11	-13	-21	-14	-16	-15	-19	- -	- -	- -
Total Current Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ LT Debt	51	23	22	44	45	70	218	309	337	436	419	467	340	328	259
+ LT Borrowings	51	23	22	44	45	70	218	309	329	429	414	457	331	320	252
+ LT Finance Leases	- -	- -	- -	- -	- -	- -	- -	- -	8	6	5	10	9	8	7
+ Other LT Liabilities	-51	-23	-22	-44	-45	-70	-218	-309	-337	-436	-419	-467	-340	-328	-259
+ Accrued Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Pension Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Revenue	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Misc LT Liabilities	-51	-23	-22	-44	-45	-70	-218	-309	-337	-436	-419	-467	-340	-328	-259
Total Noncurrent Liabilities	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Liabilities	1,113	1,127	1,159	1,492	1,631	1,619	1,625	1,786	1,903	2,362	2,420	2,716	3,218	3,525	3,710
+ Preferred Equity and Hybrid Capital	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	12	12	12	12
+ Share Capital & APIC	26	54	56	75	77	78	79	80	81	83	86	88	91	94	97
+ Common Stock	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Additional Paid in Capital	26	54	56	75	77	78	79	80	81	83	86	88	91	94	96
- Treasury Stock	2	2	4	5	6	7	7	8	15	17	22	27	30	31	33
+ Retained Earnings	38	46	57	68	81	91	99	110	129	140	170	204	231	266	306
+ Other Equity	2	2	- -	- -	- -	-1	-1	-2	-1	-1	-1	-15	-14	-11	-10
Equity Before Minority Interest	64	100	109	138	151	162	169	181	194	206	232	261	290	329	372
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Total Equity	64	100	109	138	151	162	169	181	194	206	232	261	290	329	372
Total Liabilities & Equity	1,177	1,226	1,269	1,629	1,782	1,781	1,794	1,966	2,097	2,568	2,653	2,977	3,508	3,853	4,082
Shares Outstanding	5	8	8	9	9	9	9	9	9	9	8	8	8	8	8
Number of Employees	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Capital Leases - Total	- -	- -	- -	- -	- -	- -	- -	- -	8	6	5	10	9	8	7
Net Debt	-79	-63	-59	-59	-69	-8	165	222	262	372	356	354	191	162	213
Net Debt to Equity	-123.78	-63.16	-54.02	-42.78	-45.64	-4.85	97.7	123.09	135.11	180.6	153.35	135.87	66.1	49.41	57.21
Tangible Common Equity Ratio	5.45	8.12	8.61	7.78	7.82	8.42	8.79	8.63	8.74	7.6	8.34	7.98	7.6	7.93	8.54
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Cash Flow Statement (USD)

API Chat

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
+ Net Income	8	9	14	14	17	15	12	16	23	17	36	41	37	44	50
+ Depreciation & Amortization	2	3	2	2	- -	2	2	1	3	3	4	4	4	4	4
+ Non-Cash Items	7	3	2	- -	8	13	11	7	4	14	2	-1	19	8	11
+ Stock-Based Compensation	1	1	1	1	1	1	1	1	2	2	3	3	3	3	3
+ Deferred Income Taxes	2	-2	2	1	1	-1	2	- -	-3	-2	1	-1	2	-4	-2
+ Asset Impairment Charge	- -	- -	- -	- -	- -	4	3	2	4	2	- -	- -	- -	- -	- -
+ Other Non-Cash Adj	5	5	-1	-2	6	10	6	5	1	12	-2	-3	14	8	9
+ Chg in Non-Cash Work Cap	- -	1	-2	-5	-1	-3	-2	- -	-2	-8	-5	-5	-7	2	-3
+ (Inc) Dec in Accts Receiv	1	1	3	-5	-1	-4	-3	-4	-15	-11	-7	-8	-21	6	21
+ (Inc) Dec in Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Inc (Dec) in Accts Payable	-1	1	-4	2	1	1	2	6	15	5	3	5	15	-3	-21
+ Inc (Dec) in Other	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-1	-2	-1	-2	-3
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Operating Activities	18	16	16	12	23	26	22	25	29	27	36	39	52	57	62
+ Change in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp in Fixed & Intang	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Fixed Prod Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Disp of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Acq of Fixed & Intang	- -	-1	-1	-3	-1	-1	-1	-1	- -	- -	- -	-3	-3	- -	-1
+ Acq of Fixed Prod Assets	- -	-1	-1	-3	-1	-1	-1	-1	- -	- -	- -	-3	-3	- -	-1
+ Acq of Intangible Assets	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	27	-2	15	-1	- -	- -	-1	-7	-2	-5	-6	-3	-1	-1
+ Increase in Capital Stock	- -	27	- -	17	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Decrease in Capital Stock	- -	- -	-2	-2	-1	- -	- -	-1	-7	-2	-5	-6	-3	-1	-1
+ Net Change in LT Investment	-18	-33	13	-14	6	-12	16	-14	-30	-4	-24	-41	-101	-61	-83
+ Dec in LT Investment	44	57	63	47	48	53	85	45	64	68	73	48	31	104	71
+ Inc in LT Investment	-62	-90	-49	-61	-41	-66	-69	-59	-94	-72	-97	-89	-133	-165	-154
+ Net Cash From Acq & Div	- -	- -	- -	-12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash from Divestitures	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for Acq of Subs	- -	- -	- -	-12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Cash for JVs	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Other Investing Activities	19	-66	-68	-303	-155	-31	-61	-123	-101	-450	-86	-202	-403	-267	-290
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Investing Activities	1	-100	-55	-333	-150	-44	-46	-138	-131	-455	-111	-245	-507	-328	-373
+ Dividends Paid	-1	-1	-2	-3	-4	-4	-5	-5	-5	-6	-6	-7	-8	-9	-11
+ Net Cash From Debt	- -	-28	- -	21	- -	26	149	91	20	100	-26	43	-126	-11	-68
+ Cash From Debt	2	6	- -	24	1	31	816	895	572	1,349	788	2,442	1,579	1,153	1,047
+ Repayments of Debt	-2	-34	- -	-3	-1	-4	-667	-804	-552	-1,250	-814	-2,399	-1,705	-1,163	-1,115
+ Other Financing Activities	62	41	39	311	142	-40	-145	61	75	326	113	222	629	311	273
+ Net Cash From Disc Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash from Financing Activities	61	39	35	343	137	-18	-1	147	83	418	75	252	491	289	193
Effect of Foreign Exchange Rates	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Changes in Cash	79	-45	-4	22	10	-36	-25	34	-19	-10	- -	46	37	18	-118
EBITDA	2	3	2	2	- -	2	2	1	3	3	4	4	4	4	4
EBITDA Margin (%)	5.65	6.56	4.59	3.33	-0.12	1.95	2.1	1.77	3.42	3.41	3.15	3.18	2.53	2.44	2.24
Free Cash Flow	17	15	15	9	22	26	21	24	29	26	36	35	49	57	61
Net Cash Paid for Acquisitions	- -	- -	- -	12	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow to Firm	17	15	15	9	22	26	21	24	29	26	36	35	49	57	61
Free Cash Flow to Equity	17	-12	15	29	22	52	170	115	49	126	10	90	-77	46	-8
Free Cash Flow per Basic Share	3.42	1.97	1.96	1.1	2.62	2.98	2.46	2.81	3.38	3.15	4.28	4.31	6.08	7.03	7.49
Price/Free Cash Flow	2.3	5.43	9.02	12.56	8.91	7.6	8.06	6.42	7.68	5.74	6.67	7.18	5.91	6.54	7.11
Cash Flow to Net Income	2.09	1.79	1.16	0.84	1.41	1.75	1.88	1.55	1.24	1.57	1.01	0.95	1.41	1.3	1.23
Capital Expenditures	- -	-1	-1	-3	-1	-1	-1	-1	- -	- -	- -	-3	-3	- -	-1