First Business Financial Services (FBIZ) Financial Statements & Analysis

First Business Financial Services (FBIZ) Income Statement

First Business Financial Services reported revenue of $279.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 6.4% from $262.38M a year earlier. Net income was $50.32M, up 13.7% year over year, a net margin of 18.0%. Gross margin was 57.3% and operating margin 21.6%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $44.65M, down 34.9% from the same quarter a year earlier.

First Business Financial Services Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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First Business Financial Services, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	279.25	262.38	226.24	127.85	124.10	118.72	121.37	107.36	89.69
Cost of Revenue	119.28	117.75	90.52	19.08	5.53	33.92	34.46	31.34	23.61
Gross Profit	159.97	144.63	135.71	131.72	118.57	84.81	86.91	76.02	66.08
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	76.74	72.29	66.19	61.14	54.88	48.67	50.86	46.43	43.79
Operating Expenses	99.52	93.48	88.58	79.47	71.54	66.50	62.41	58.37	51.85
Operating Income	60.45	51.15	47.14	52.24	47.03	18.31	24.50	17.65	14.23
Other Income/Expense
Interest Income	247.31	233.13	194.93	121.37	96.00	94.18	102.04	91.28	75.81
Interest Expense	110.62	108.92	82.34	22.95	11.33	17.11	32.18	23.93	15.20
Other Income/Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Income
Income Before Tax	60.45	51.15	47.14	52.24	47.03	18.31	24.50	17.65	14.23
Income Tax Expense	10.13	6.91	10.11	11.39	11.28	1.33	1.18	1.35	2.33
Net Income	50.32	44.25	37.03	40.86	35.76	16.98	23.32	16.30	11.91
Net Income - Continuous Operations	50.32	44.25	37.03	40.86	35.76	16.98	23.32	16.30	11.91
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	64.23	54.89	50.78	4.07	50.58	21.77	27.55	19.13	15.79
EBIT	-	-	-	-	-	-	-	-	-
Depreciation & Amortization	3.77	3.74	3.64	4.07	3.55	3.47	3.05	1.48	1.56
Earnings Per Share
Basic EPS	6.00	5.00	4.00	5.00	4.00	2.00	3.00	2.00	1.00
Diluted EPS	6.00	5.00	4.00	5.00	4.00	2.00	3.00	2.00	1.00
Basic Shares Outstanding	8.16	8.15	8.13	8.23	8.32	8.38	8.52	8.64	8.61
Diluted Shares Outstanding	8.16	8.15	8.13	8.23	8.32	8.38	8.52	8.64	8.61

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About First Business Financial Services Financial Statements

What was First Business Financial Services's revenue in fiscal 2025?

First Business Financial Services reported revenue of $279.25M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 6.4% from $262.38M a year earlier.

Is First Business Financial Services profitable?

Yes. First Business Financial Services earned net income of $50.32M in fiscal 2025, a net margin of 18.0%. In fiscal 2024 it earned $44.24M.

What is First Business Financial Services's operating margin?

First Business Financial Services's operating income was $60.45M on revenue of $279.25M in fiscal 2025, an operating margin of 21.6%, compared with 19.5% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition