First Business Financial Services Inc. (FBIZ) Financial Statements (2025 and earlier)

Company Profile

Business Address 401 CHARMANY DRIVE
MADISON, WI 53719
State of Incorp. WI
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2025
MRQ
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments157,702139,510102,68257,11056,90967,102
Cash and cash equivalent157,702139,510102,68257,11056,90967,102
Total current assets:157,702139,510102,68257,11056,90967,102
Noncurrent Assets
Operating lease, right-of-use asset5,7026,5597,6904,9105,8146,906
Property, plant and equipment5,2276,1904,3401,6941,9982,557
Intangible assets, net (including goodwill), including:11,91212,02312,15912,26812,01811,922
Goodwill 10,70010,70010,70010,70010,70010,700
Other undisclosed intangible assets, net (including goodwill)1,2121,3231,4591,5681,3181,222
Regulated entity, other noncurrent assets   293239253268
Total noncurrent assets:22,84124,77224,48219,11120,08321,653
Other undisclosed assets3,672,6723,343,5642,849,4472,576,6842,490,8452,008,024
TOTAL ASSETS:3,853,2153,507,8462,976,6112,652,9052,567,8372,096,779
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities3,524,6263,218,2582,715,9712,420,4832,361,6751,902,623
Total liabilities:3,524,6263,218,2582,715,9712,420,4832,361,6751,902,623
Equity
Equity, attributable to parent328,589289,588260,640232,422206,162194,156
Preferred stock11,99211,99211,992   
Common stock959594939292
Treasury stock, value(31,396)(30,126)(27,155)(22,031)(16,553)(14,881)
Additional paid in capital93,54590,61687,51285,79783,12581,188
Accumulated other comprehensive loss(11,425)(13,717)(15,310)(1,457)(933)(1,348)
Retained earnings265,778230,728203,507170,020140,431129,105
Total equity:328,589289,588260,640232,422206,162194,156
TOTAL LIABILITIES AND EQUITY:3,853,2153,507,8462,976,6112,652,9052,567,8372,096,779

Income Statement (P&L) ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Revenues223,152186,680116,89992,61489,99297,403
Net investment income221,218186,725116,89992,58589,99297,403
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(8,827)(8,182)  (16,808)(2,085)
Gross profit:214,325178,498116,89992,61473,18495,318
Operating expenses(16,454)(9,096)(7,909)(7,289)(6,566)(7,076)
Other operating income, net
(Noninterest Income, Other Operating Income)
3,8336,9215,1314,1191,9313,579
Operating income:201,704176,323114,12189,44468,54991,821
Nonoperating income1,6491,4942,2271,3981,019974
Gains (losses) on sales of other real estate   (15)(383)(224)
Bank owned life insurance income1,6491,4942,2271,4131,4021,198
Interest and debt expense (82,340)(22,949)(11,333)(17,852)(32,184)
Other undisclosed loss from continuing operations before equity method investments, income taxes(152,203)(48,338)(41,155)(32,479)(33,411)(36,112)
Income from continuing operations before equity method investments, income taxes:51,15047,13952,24447,03018,30524,499
Other undisclosed income from continuing operations before income taxes      
Income from continuing operations before income taxes:51,15047,13952,24447,03018,30524,499
Income tax expense(6,905)(10,112)(11,386)(11,275)(1,327)(1,175)
Income from continuing operations:44,24537,02740,85835,75516,97823,324
Income before gain (loss) on sale of properties:35,75516,97823,324
Net income attributable to parent:44,24537,02740,85835,75516,97823,324
Preferred stock dividends and other adjustments(875)(875)(683)   
Undistributed earnings (loss) allocated to participating securities, basic   (1,053)(423)(502)
Other undisclosed net loss available to common stockholders, basic      
Net income available to common stockholders, basic:43,37036,15240,17534,70216,55522,822
Other undisclosed net loss available to common stockholders, diluted(1,033)(938)(1,106)   
Net income available to common stockholders, diluted:42,33735,21439,06934,70216,55522,822

Comprehensive Income ($ in thousands)

3/31/2025
TTM
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
Net income:44,24537,02740,85835,75516,97823,324
Other comprehensive income (loss)2,2921,593(13,853)(524)415336
Other undisclosed comprehensive income      
Comprehensive income:46,53738,62027,00535,23117,39323,660
Other undisclosed comprehensive income, net of tax, attributable to parent      
Comprehensive income, net of tax, attributable to parent:46,53738,62027,00535,23117,39323,660

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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