First Business Financial Services Inc
firstbusiness.bankWhat Do They Do?
Offers commercial banking, private wealth management, and bank consulting to businesses, business owners, and individuals.
10-K for FY2025, filed Feb 25, 2026First Business Financial Services, Inc. (together with all of its subsidiaries, collectively referred to as the “Corporation,” “FBFS,”…View ↗
We strive to meet the specific commercial banking needs of small- to medium-sized companies in our primary markets in Wisconsin, Kansas…View ↗
FBB acts as fiduciary and investment manager for individual clients, creating and executing asset allocation strategies tailored to each…View ↗
FBB provides outsourced treasury services to assist banks and other financial institutions with balance sheet management. These services…View ↗
How Do They Make Money?
The bank earns interest from loans and investments and fee income from private wealth, treasury management, specialty finance, and other services.
10-K for FY2025, filed Feb 25, 2026 8-K, filed Mar 12, 2026The Corporation’s reportable segment is determined by the Chief Executive Officer, who is the designated chief operating decision maker…View ↗
At the same time, we continued to benefit from a more diversified revenue base than at any point in our history. Net interest income and…View ↗
$247.3M
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10-K for FY2025, filed Feb 25, 2026
$247.3M ↗
Who Are Their Customers?
Serves small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals with banking, lending, and wealth services. Specialized lending reaches clients nationwide; equipment financing also reaches borrowers through vendors and third-party originators.
10-K for FY2025, filed Feb 25, 2026First Business Financial Services, Inc. (together with all of its subsidiaries, collectively referred to as the “Corporation,” “FBFS,”…View ↗
We provide asset-based lending to small- to medium-sized companies. Our asset-based lending team serves clients on a nationwide basis…View ↗
Our Equipment Finance team seeks to position itself as the preferred point of sale financing choice utilized by equipment vendors and their…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 20 cents of every revenue dollar as net income in FY2025 and turned 25 cents into free cash flow.
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Jul 31, 2026
$15.6MView ↗
- ▲ +36%
- vs $11.4M in Q2 FY2025
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Jul 30, 2026
Plans to exit out-of-market SBA 7(a) lending
The bank expects minimal impact on 2026 earnings and a modest earnings benefit in 2027.
Sources
8-K, filed Jul 30, 2026
"Our commitment to long-term profitability drove our decision to exit Small Business Administration 7(a) lending activities outside our…View ↗
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Apr 16, 2026
David Seiler becomes CEO, succeeding Corey Chambas
Sources
8-K, filed Apr 16, 2026
On April 15, 2026, the Board of Directors of First Business Financial Services, Inc. (the “Company”) appointed David R. Seiler as President…View ↗
Growing. Revenue grew 2.6x in 4 years, from $96M in FY2021 to $247.3M in FY2025, about 27% a year.
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