First Business Financial Services
First Business Financial Services, Inc. operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri. The company offers commercial real estate lending, commercial and industrial lending, asset-b… Read more
First Business Financial Services (FBIZ) - Net Assets
Latest net assets as of December 2025: $371.58 Million USD
Based on the latest financial reports, First Business Financial Services (FBIZ) has net assets worth $371.58 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.08 Billion) and total liabilities ($3.71 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $371.58 Million |
| % of Total Assets | 9.1% |
| Annual Growth Rate | 12.63% |
| 5-Year Change | 59.88% |
| 10-Year Change | 129.87% |
| Growth Volatility | 12.98 |
First Business Financial Services - Net Assets Trend (2001–2025)
This chart illustrates how First Business Financial Services's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for First Business Financial Services (2001–2025)
The table below shows the annual net assets of First Business Financial Services from 2001 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $371.58 Million | +13.09% |
| 2024-12-31 | $328.59 Million | +13.47% |
| 2023-12-31 | $289.59 Million | +11.11% |
| 2022-12-31 | $260.64 Million | +12.14% |
| 2021-12-31 | $232.42 Million | +12.74% |
| 2020-12-31 | $206.16 Million | +6.18% |
| 2019-12-31 | $194.16 Million | +7.44% |
| 2018-12-31 | $180.71 Million | +6.75% |
| 2017-12-31 | $169.28 Million | +4.72% |
| 2016-12-31 | $161.65 Million | +7.17% |
| 2015-12-31 | $150.83 Million | +9.50% |
| 2014-12-31 | $137.75 Million | +26.06% |
| 2013-12-31 | $109.28 Million | +9.78% |
| 2012-12-31 | $99.54 Million | +55.01% |
| 2011-12-31 | $64.21 Million | +16.05% |
| 2010-12-31 | $55.34 Million | +1.73% |
| 2009-12-31 | $54.39 Million | +2.62% |
| 2008-12-31 | $53.01 Million | +9.17% |
| 2007-12-31 | $48.55 Million | +6.11% |
| 2006-12-31 | $45.76 Million | +9.35% |
| 2005-12-31 | $41.84 Million | +9.60% |
| 2004-12-31 | $38.18 Million | +46.89% |
| 2003-12-31 | $25.99 Million | +24.81% |
| 2002-12-31 | $20.82 Million | -2.61% |
| 2001-12-31 | $21.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to First Business Financial Services's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 30553600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $305.54 Million | 82.23% |
| Common Stock | $96.00K | 0.03% |
| Other Comprehensive Income | $-9.74 Million | -2.62% |
| Other Components | $75.69 Million | 20.37% |
| Total Equity | $371.58 Million | 100.00% |
First Business Financial Services Competitors by Market Cap
The table below lists competitors of First Business Financial Services ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Black Cat Syndicate Ltd
AU:BC8
|
$410.65 Million |
|
Anhui Hwasu Co.Ltd.
SHG:600935
|
$410.70 Million |
|
Green Cross Holdings Preference Shares
KO:005257
|
$410.72 Million |
|
Shanghai Xinhua Media Co Ltd
SHG:600825
|
$410.87 Million |
|
SANLORENZO IN SIGLA SL
F:6SZA
|
$410.54 Million |
|
Shandong Lipeng Co Ltd
SHE:002374
|
$410.53 Million |
|
Guaranty Bancshares, Inc.
NYSE:GNTY
|
$410.50 Million |
|
American Battery Technology Company Common Stock
NASDAQ:ABAT
|
$410.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in First Business Financial Services's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 328,589,000 to 371,585,000, a change of 42,996,000 (13.1%).
- Net income of 50,319,000 contributed positively to equity growth.
- Dividend payments of 10,561,000 reduced retained earnings.
- Share repurchases of 1,390,000 reduced equity.
- Other comprehensive income increased equity by 1,685,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $50.32 Million | +13.54% |
| Dividends Paid | $10.56 Million | -2.84% |
| Share Repurchases | $1.39 Million | -0.37% |
| Other Comprehensive Income | $1.69 Million | +0.45% |
| Other Changes | $2.94 Million | +0.79% |
| Total Change | $- | 13.09% |
Book Value vs Market Value Analysis
This analysis compares First Business Financial Services's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.05x to 1.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | $5.20 | $52.27 | x |
| 2002-12-31 | $5.01 | $52.27 | x |
| 2003-12-31 | $4.65 | $52.27 | x |
| 2004-12-31 | $8.23 | $52.27 | x |
| 2005-12-31 | $8.49 | $52.27 | x |
| 2006-12-31 | $9.16 | $52.27 | x |
| 2007-12-31 | $9.84 | $52.27 | x |
| 2008-12-31 | $10.90 | $52.27 | x |
| 2009-12-31 | $11.07 | $52.27 | x |
| 2010-12-31 | $11.14 | $52.27 | x |
| 2011-12-31 | $12.80 | $52.27 | x |
| 2012-12-31 | $12.71 | $52.27 | x |
| 2013-12-31 | $13.87 | $52.27 | x |
| 2014-12-31 | $17.44 | $52.27 | x |
| 2015-12-31 | $17.64 | $52.27 | x |
| 2016-12-31 | $18.85 | $52.27 | x |
| 2017-12-31 | $19.65 | $52.27 | x |
| 2018-12-31 | $20.92 | $52.27 | x |
| 2019-12-31 | $22.80 | $52.27 | x |
| 2020-12-31 | $24.59 | $52.27 | x |
| 2021-12-31 | $27.95 | $52.27 | x |
| 2022-12-31 | $31.68 | $52.27 | x |
| 2023-12-31 | $35.62 | $52.27 | x |
| 2024-12-31 | $40.33 | $52.27 | x |
| 2025-12-31 | $45.55 | $52.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently First Business Financial Services utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 13.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.02%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 10.99x
- Recent ROE (13.54%) is above the historical average (9.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 11.35% | 21.12% | 0.03x | 19.19x | $287.90K |
| 2002 | -0.90% | -5.18% | 0.01x | 23.05x | $-2.27 Million |
| 2003 | 21.73% | 40.11% | 0.03x | 19.95x | $3.05 Million |
| 2004 | 11.16% | 13.56% | 0.06x | 14.75x | $441.30K |
| 2005 | 11.37% | 11.67% | 0.06x | 15.99x | $572.70K |
| 2006 | 8.19% | 7.30% | 0.07x | 17.23x | $-828.60K |
| 2007 | 6.71% | 5.10% | 0.07x | 18.92x | $-1.60 Million |
| 2008 | 5.89% | 4.82% | 0.06x | 19.07x | $-2.18 Million |
| 2009 | 1.91% | 1.66% | 0.06x | 20.54x | $-4.40 Million |
| 2010 | 1.70% | 1.48% | 0.06x | 20.01x | $-4.59 Million |
| 2011 | 13.12% | 13.31% | 0.05x | 18.33x | $2.00 Million |
| 2012 | 8.97% | 14.06% | 0.05x | 12.32x | $-1.03 Million |
| 2013 | 12.58% | 22.08% | 0.05x | 11.61x | $2.82 Million |
| 2014 | 10.26% | 20.85% | 0.04x | 11.83x | $364.20K |
| 2015 | 10.95% | 18.46% | 0.05x | 11.83x | $1.43 Million |
| 2016 | 9.22% | 16.13% | 0.05x | 11.02x | $-1.26 Million |
| 2017 | 7.03% | 13.27% | 0.05x | 10.60x | $-5.02 Million |
| 2018 | 9.02% | 15.19% | 0.05x | 10.88x | $-1.77 Million |
| 2019 | 12.01% | 19.22% | 0.06x | 10.80x | $3.91 Million |
| 2020 | 8.24% | 14.30% | 0.05x | 12.46x | $-3.64 Million |
| 2021 | 15.38% | 28.81% | 0.05x | 11.41x | $12.51 Million |
| 2022 | 15.68% | 27.09% | 0.05x | 11.42x | $14.79 Million |
| 2023 | 5.98% | 19.41% | 0.03x | 12.11x | $-11.64 Million |
| 2024 | 13.47% | 16.86% | 0.07x | 11.73x | $11.39 Million |
| 2025 | 13.54% | 18.02% | 0.07x | 10.99x | $13.16 Million |
Industry Comparison
This section compares First Business Financial Services's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $25,670,820,700
- Average return on equity (ROE) among peers: 9.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| First Business Financial Services (FBIZ) | $371.58 Million | 11.35% | 9.99x | $410.55 Million |
| Ameris Bancorp (ABCB) | $120.94 Million | 10.83% | 9.48x | $4.91 Billion |
| ACNB Corporation (ACNB) | $2.75 Billion | 1.01% | 0.01x | $462.57 Million |
| Addiko Bank AG (ADBKF) | $839.50 Million | 5.41% | 6.63x | $210.07 Million |
| Affinity Bancshares Inc (AFBI) | $120.97 Million | 6.26% | 5.51x | $79.94 Million |
| Absa Group Limited (AGRPF) | $19.52 Billion | 23.08% | 14.72x | $6.72 Billion |
| AIB Group plc (AIBGY) | $14.46 Billion | -16.17% | 8.45x | $21.72 Billion |
| Akbank Turk Anonim Sirketi (AKBTY) | $211.22 Billion | 31.48% | 8.02x | $8.60 Billion |
| Alpha Bank SA (ALBKY) | $7.32 Billion | 8.44% | 8.89x | $1.12 Billion |
| Community Capital Bancshares Inc (ALBY) | $9.19 Million | 7.09% | 8.66x | $19.76 Million |
| Alpine Banks of Colorado (ALPIB) | $342.89 Million | 16.92% | 10.27x | $248.47 Million |