First Business Financial Services (FBIZ) - Net Assets

Latest as of March 2026: $380.08 Million USD

Based on the latest financial reports, First Business Financial Services (FBIZ) has net assets worth $380.08 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($4.32 Billion) and total liabilities ($3.94 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. Check FBIZ goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets $380.08 Million
% of Total Assets 8.8%
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. See FBIZ cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see First Business Financial Services (FBIZ) total market value.

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
AgomAb Therapeutics NV American Depositary Shares
NASDAQ:AGMB
 $488.54 Million
Xiamen Insight Investment Co Ltd
SHE:000526
 $488.60 Million
Qingdao Liqun Department Store Group Co Ltd
SHG:601366
 $488.73 Million
Rashi Peripherals Limited
NSE:RPTECH
 $488.76 Million
Ningbo Color Master Batch Co. Ltd.
SHE:301019
 $488.34 Million
Bannari Amman Sugars Limited
NSE:BANARISUG
 $488.24 Million
Capital A Berhad
KLSE:5099
 $488.24 Million
Nanfang Black Sesame Group Co Ltd
SHE:000716
 $488.06 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: 1.31x
  • 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 11.44x to 1.31x 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 $59.51 x
2002-12-31 $5.01 $59.51 x
2003-12-31 $4.65 $59.51 x
2004-12-31 $8.23 $59.51 x
2005-12-31 $8.49 $59.51 x
2006-12-31 $9.16 $59.51 x
2007-12-31 $9.84 $59.51 x
2008-12-31 $10.90 $59.51 x
2009-12-31 $11.07 $59.51 x
2010-12-31 $11.14 $59.51 x
2011-12-31 $12.80 $59.51 x
2012-12-31 $12.71 $59.51 x
2013-12-31 $13.87 $59.51 x
2014-12-31 $17.44 $59.51 x
2015-12-31 $17.64 $59.51 x
2016-12-31 $18.85 $59.51 x
2017-12-31 $19.65 $59.51 x
2018-12-31 $20.92 $59.51 x
2019-12-31 $22.80 $59.51 x
2020-12-31 $24.59 $59.51 x
2021-12-31 $27.95 $59.51 x
2022-12-31 $31.68 $59.51 x
2023-12-31 $35.62 $59.51 x
2024-12-31 $40.33 $59.51 x
2025-12-31 $45.55 $59.51 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: $389,399,400
  • Average return on equity (ROE) among peers: 10.20%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
First Business Financial Services (FBIZ) $380.08 Million 11.35% 10.37x $488.52 Million
Ameris Bancorp (ABCB) $514.76 Million 7.94% 9.86x $4.95 Billion
Ameris Bancorp (ABCB) $68.20 Million 10.85% 9.15x $5.79 Billion
ACNB Corporation (ACNB) $51.46 Million 12.55% 7.93x $483.21 Million
Affinity Bancshares Inc (AFBI) $76.38 Million 0.59% 3.01x $137.13 Million
Alerus Financial Corp (ALRS) $127.25 Million 8.42% 8.09x $736.27 Million
Amalgamated Bank (AMAL) $508.95 Million 16.01% 14.41x $1.27 Billion
Amerant Bancorp Inc. (AMTB) $1.00 Billion 3.23% 8.67x $974.56 Million
Arrow Financial Corporation (AROW) $431.85 Million 10.18% 9.29x $622.98 Million
Associated Banc-Corp (ASB) $968.70 Million 17.34% 12.55x $5.45 Billion
AmeriServ Financial Inc (ASRV) $141.70 Million 14.89% 15.78x $62.43 Million

About First Business Financial Services

NASDAQ:FBIZ USA Banks - Regional
Market Cap
$497.63 Million
Market Cap Rank
#12544 Global
#3056 in USA
Share Price
$59.51
Change (1 day)
-0.75%
52-Week Range
$46.69 - $60.62
All Time High
$60.62
Categories
Companies in USA Banks - Regional Banking & Financial
About

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