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First Business Financial Services FBIZ · USD

Financials · US listing · 🇺🇸 United States

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75.81

+2.20%

Close of 9 Nov 2026, in USD

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About First Business Financial Services

From its filings with the US Securities and Exchange Commission

SEC filings

First Business Financial Services is based in Madison, Wisconsin and is incorporated in Wisconsin. Its shares trade on Nasdaq under the ticker FBIZ. The SEC classifies its business as state commercial banks. In the fiscal year to 31 December 2025, it reported net income of $50.3m. At that date it held total assets of $4.08bn and shareholders' equity of $371.6m.

In its own words

First Business Financial Services, Inc. (together with all of its subsidiaries, collectively referred to as the “Corporation,” “FBFS,” “we,” “us,” or “our”) is a registered bank holding company originally incorporated in 1986 under the laws of the State of Wisconsin and is engaged in the commercial banking business through its wholly-owned bank subsidiary, First Business Bank (collectively with its subsidiaries “FBB” or the “Bank”), headquartered in Madison, Wisconsin. All of our operations are conducted through FBB and its wholly-owned subsidiary First Business Specialty Finance, LLC (“FBSF”). The Bank operates as a business bank, delivering a full line of commercial banking products and services tailored to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals. Our products and services are focused on business banking, private wealth, and bank consulting. Within business banking, we offer commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan financing, vendor financing, Small Business Administration (“SBA”) lending and servicing, treasury management solutions, and company retirement services. Our private wealth management services include trust and estate administration, financial planning, investment management, and private banking. Our bank consulting experts provide investment portfolio administrative services and asset liability management services.

Quoted from its 10-K, filed 25 Feb 2026. Read the filing on SEC.gov ↗

Company facts

Sector
Financials
Industry
Banks
Listed since
7 Oct 2005
Employees
371
Head office
401 CHARMANY DRIVE, MADISON, WI, 53719
Incorporated in
WI
Classification
State Commercial Banks
Filer status
Accelerated filer

Leadership

Pay as last reported

  • Mr. Gerald KilcoyneIndependent Chairman of the Board$116,750
  • Mr. David SeilerPresident, Chief Operating Officer$829,332
  • Mr. Corey ChambasChief Executive Officer, Director, since 2002$1.2m
  • Mr. Brian SpielmannChief Financial Officer$576,042
  • Mr. James HartliebPresident, Chief Executive Officer and Director - First Business Bank$545,971
  • Ms. Jodi ChandlerChief Human Resources Officer
  • Mr. Bradley QuadeExecutive Vice President, Chief Credit Officer$561,963
  • Mr. Kevin CramptonChief Accounting Officer
  • Mr. Daniel OvokaitysChief Information Officer
  • Ms. Laura GarciaChief Risk Officer
  • Ms. Laurie BensonIndependent Director$69,500
  • Ms. Carla ChavarriaIndependent Director$65,250

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
55
Environment
26
Social
80
Governance
59
Carbon reduction policy
No
Human rights policy
No

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • First Business Financial Services Inc offers a wide range of financial services, including commercial banking, asset-based lending, equipment financing, and treasury and investment management. This diversification of services allows them to cater to a variety of clients and generate multiple revenue streams.
  • The company has established a strong market position in its target regions, with a solid base of loyal customers. Their reputation for providing reliable financial solutions and excellent customer service has helped them build long-term relationships with clients and gain a competitive edge in the market.

Weaknesses

  • First Business Financial Services Inc primarily operates in a specific geographic area, which limits their market reach and potential for expansion. This concentration of operations makes them vulnerable to regional economic fluctuations and may hinder their ability to tap into new markets.
  • As a financial services company, First Business Financial Services Inc heavily relies on interest rates for generating income. Fluctuations in interest rates can impact their profitability and loan demand, potentially exposing them to risks associated with changes in economic conditions.

Opportunities

  • The ongoing digital transformation in the financial industry presents an opportunity for First Business Financial Services Inc to enhance their online banking and digital offerings. Embracing technology can help them attract tech-savvy customers, improve operational efficiency, and expand their market reach.
  • Forming strategic partnerships with fintech companies or other financial institutions can allow First Business Financial Services Inc to leverage their expertise, enhance service offerings, and tap into new customer segments. Collaborations can help them stay competitive in an evolving industry and drive growth.

Threats

  • The financial services industry is highly competitive, with both traditional banks and fintech startups vying for market share. First Business Financial Services Inc faces the threat of losing customers to competitors offering innovative products, competitive pricing, or superior technology-driven solutions.
  • Operating in the financial sector exposes First Business Financial Services Inc to regulatory and compliance risks. Changes in regulations, stricter compliance requirements, or failure to adhere to industry standards could result in penalties, reputation damage, or limitations on business operations.

Sources and methodology

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