First Business Financial Services, Inc. (FBIZ) financial statements (2023 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments575767875378114
Cash and cash equivalents575767875378114
Total current assets:575767875378114
Noncurrent Assets
Operating lease, right-of-use asset567
Property, plant and equipment2233344
Intangible assets, net (including goodwill), including:12121212131312
Goodwill11111111111111
Intangible assets, net (excluding goodwill)     00
Other undisclosed intangible assets, net (including goodwill)2111222
Regulated entity, other noncurrent assets0000000
Total noncurrent assets:19202216161717
Other undisclosed assets2,5772,4912,0081,8641,7251,6861,653
TOTAL ASSETS:2,6532,5682,0971,9661,7941,7811,783
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,4202,3621,9031,7861,6251,6191,632
Total liabilities:2,4202,3621,9031,7861,6251,6191,632
Stockholders' equity
Stockholders' equity attributable to parent, including:232206194181169162151
Common stock0000000
Treasury stock, value(22)(17)(15)(8)(7)(7)(6)
Additional paid in capital86838180797877
Accumulated other comprehensive loss(1)(1)(1)   (0)
Retained earnings170140129110999181
Other undisclosed stockholders' equity attributable to parent   (2)(1)(1) 
Total stockholders' equity:232206194181169162151
TOTAL LIABILITIES AND EQUITY:2,6532,5682,0971,9661,7941,7811,783

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues93909787848780
Net investment income93909787737570
Cost of revenue (17)(2)(5)(6)(8)(3)
Provision for loan, lease, and other losses (17)(2)(5)
Financial services costs(6)(8)(3)
Gross profit:93739582787977
Operating expenses(7)(7)(7)(4)(4)(4)(4)
Other operating income, net4241211
Noninterest income, other operating income4241211
Other expenses   (0)(0)(0)(0)
Operating income:89699279767674
Nonoperating income1111111
Gains (losses) on sales of other real estate(0)(0)(0)(0)0(0)0
Bank owned life insurance income1111111
Interest and debt expense(11)(18)(32)(24)(15)(15)(14)
Other undisclosed loss from continuing operations before equity method investments, income taxes(32)(33)(36)(38)(48)(45)(36)
Income from continuing operations before income taxes:47182418141725
Income tax expense(11)(1)(1)(1)(2)(2)(8)
Net income attributable to parent:36172316121517
Undistributed earnings (loss) allocated to participating securities, basic(1)(0)(1)(0)(0)
Other undisclosed net loss available to common stockholders, basic     (0)(0)
Net income available to common stockholders, diluted:35172316121516

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:36172316121517
Other comprehensive income (loss)(1)00(0)(0)(0)(0)
Comprehensive income, net of tax, attributable to parent:35172416111416

Statements sources

The financial statements are based on the company's filings with the 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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