FIRST BUSINESS FINANCIAL SERVICES, INC. — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that FIRST BUSINESS FINANCIAL SERVICES, INC. filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $13.33M | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | $14.39M | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | $11.42M | Feb 25, 2026 |
| FY2025 | Mar 31, 2025 | $11.17M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $14.42M | Feb 25, 2026 |
| FY2025 | Sep 30, 2024 | $10.53M | Feb 25, 2026 |
| FY2025 | Jun 30, 2024 | $10.46M | Feb 25, 2026 |
| FY2025 | Mar 31, 2024 | $8.85M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $9.77M | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | $9.94M | Feb 26, 2025 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $61.70M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $57.49M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $52.29M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $38.65M | Feb 26, 2025 |
| FY2021 | Dec 31, 2021 | $35.99M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $26.64M | Feb 22, 2023 |
| FY2020 | Dec 31, 2019 | $28.99M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $25.28M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $22.41M | Feb 28, 2019 |
| FY2018 | Dec 31, 2016 | $26.16M | Feb 28, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $595.0K | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $223.0K | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $2.88M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $3.22M | Feb 26, 2025 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $4.08B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $3.85B | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $3.51B | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $2.98B | Feb 26, 2025 |
| FY2022 | Dec 31, 2021 | $2.65B | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $2.57B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $2.10B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $1.97B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $1.79B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $1.78B | Mar 9, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.71B | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $3.52B | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $3.22B | Feb 26, 2025 |
| FY2021 | Dec 31, 2022 | $2.72B | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $2.42B | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $2.36B | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $1.90B | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $1.79B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $1.62B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $1.62B | Mar 9, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $371.59M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $328.59M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $289.59M | Feb 25, 2026 |
| FY2025 | Dec 31, 2022 | $260.64M | Feb 25, 2026 |
| FY2024 | Dec 31, 2021 | $232.42M | Feb 26, 2025 |
| FY2021 | Dec 31, 2020 | $206.16M | Feb 28, 2024 |
| FY2022 | Dec 31, 2019 | $194.16M | Feb 22, 2023 |
| FY2020 | Dec 31, 2018 | $180.71M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $169.28M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $161.65M | Feb 28, 2019 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $10.70M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $10.70M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $10.70M | Feb 26, 2025 |
| FY2021 | Dec 31, 2022 | $10.70M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $10.70M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $10.70M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $10.70M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $10.70M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $10.70M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $10.70M | Mar 9, 2018 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $305.54M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $265.78M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $230.73M | Feb 26, 2025 |
| FY2021 | Dec 31, 2022 | $203.51M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $170.02M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $140.43M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | $129.11M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $110.31M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $98.91M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $91.32M | Mar 9, 2018 |
Cash & Equivalents
Highly liquid assets the company holds — cash on hand, bank balances, and short-term investments with maturities of three months or less. A key indicator of short-term financial health.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $39.49M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $157.70M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | $139.51M | Feb 26, 2025 |
| FY2021 | Dec 31, 2022 | $102.68M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $57.11M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | $56.91M | Feb 23, 2022 |
| FY2021 | Dec 31, 2019 | $67.10M | Feb 23, 2022 |
| FY2020 | Dec 31, 2018 | $86.55M | Feb 24, 2021 |
| FY2019 | Dec 31, 2017 | $52.54M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $77.52M | Feb 28, 2019 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2012 | Dec 31, 2012 | $22.24M | Mar 8, 2013 |
| FY2012 | Dec 31, 2011 | $49.80M | Mar 8, 2013 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Mar 31, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 25, 2026 |
| FY2025 | Sep 30, 2024 | 1 | Feb 25, 2026 |
| FY2025 | Jun 30, 2024 | 1 | Feb 25, 2026 |
| FY2025 | Mar 31, 2024 | 1 | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | 1 | Feb 26, 2025 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Sep 30, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Jun 30, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Mar 31, 2025 | 1 | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 1 | Feb 25, 2026 |
| FY2025 | Sep 30, 2024 | 1 | Feb 25, 2026 |
| FY2025 | Jun 30, 2024 | 1 | Feb 25, 2026 |
| FY2025 | Mar 31, 2024 | 1 | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | 1 | Feb 26, 2025 |
| FY2024 | Sep 30, 2023 | 1 | Feb 26, 2025 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 8.33M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | 8.29M | Feb 25, 2026 |
| FY2024 | Dec 31, 2023 | 8.31M | Feb 26, 2025 |
| FY2021 | Dec 31, 2022 | 8.36M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | 8.46M | Feb 22, 2023 |
| FY2021 | Dec 31, 2020 | 8.57M | Feb 23, 2022 |
| FY2020 | Dec 31, 2019 | 8.57M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | 8.79M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | 8.76M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | 8.72M | Mar 9, 2018 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $9.69M | Feb 25, 2026 |
| FY2025 | Dec 31, 2024 | $8.32M | Feb 25, 2026 |
| FY2025 | Dec 31, 2023 | $7.58M | Feb 25, 2026 |
| FY2024 | Dec 31, 2022 | $6.69M | Feb 26, 2025 |
| FY2021 | Dec 31, 2021 | $6.17M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $5.65M | Feb 22, 2023 |
| FY2020 | Dec 31, 2019 | $5.22M | Feb 24, 2021 |
| FY2019 | Dec 31, 2018 | $4.92M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $4.54M | Feb 28, 2019 |
| FY2018 | Dec 31, 2016 | $4.18M | Feb 28, 2019 |