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what it is
FBIZ is a commercial bank for small and midsize businesses, plus wealth management for the owners behind them.
how it gets paid
Last year Fbiz made $247M in revenue. Commercial lending was the main engine at $111M, or 45% of sales.
why it's growing
Revenue grew 294.1% last year. $1.58 of quarterly EPS matters most because the stock at $59.66 still trades near 10x annualized earnings.
what just happened
Latest quarter revenue reached $63M, while EPS came in at $1.58.
At a glance
B balance sheet — gets the job done, barely
70/100 earnings predictability — reasonably predictable
10.0x trailing p/e — the market's not buying it — or you found a deal
2.6% dividend yield — cash in your pocket every quarter
$5.97 fy2025 eps est
xvary composite: 55/100 — below average
What they do
FBIZ is a commercial bank for small and midsize businesses, plus wealth management for the owners behind them.
FBIZ wins by staying in narrower lanes than the money-center banks: small and midsize businesses, executives, professionals, and high-net-worth clients. You get commercial lending, treasury management, and private wealth under one roof, which is a pain to replace once your operating accounts and personal finances sit in the same place. The company runs this model with 353 employees, which is tiny next to national banks but large enough to offer specialty finance.
How they make money
$247M
annual revenue · their business grew +294.1% last year
Commercial lending
$111M
Asset-based lending
$42M
Treasury management
$27M
Private wealth and private banking
$47M
Bank consulting and other
$20M
The products that matter
business loans and credit
Commercial lending
core to $148.9M net interest income
this is the engine behind the bank's $148.9M net interest income stream. if loan growth or credit quality slips, the whole earnings story gets less comfortable.
core driver
loans secured by collateral
Asset-based lending
niche exposure inside a $434M bank
this matters because smaller banks need specialty lending to stand out. with $320M in long-term debt, niche growth has to be profitable growth.
specialty niche
cash management and payment services
Treasury management
supports $98.1M non-interest income
this is where fee revenue lives. non-interest income reached $98.1M and grew 294.1%, which is why the market is paying attention even with a 10.0x p/e.
fee revenue
Key numbers
10.0x
earnings multiple
Price-to-earnings → how many dollars you pay for $1 of profit → so what: you are paying 10 times earnings for a bank expected to earn $5.97 a share in FY2025.
$320M
long-term debt
Long-term debt → money the company owes over many years → so what: $320M equals 42% of capital, which is a lot next to a roughly $434M market value.
2.6%
dividend yield
Dividend yield → cash paid to you each year as a percent of the stock price → so what: you get paid 2.6% while you wait, but the payout only matters if credit stays clean.
$5.97
FY2025 EPS est
EPS → profit per share → so what: if FBIZ earns $5.97, today's $59.66 price works out to about 10.0x forward earnings.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 65 / 100
- long-term debt $320M (42% of capital)
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for FBIZ right now.
source: institutional data · return history unavailable
What just happened
beat estimates
Latest quarter revenue reached $63M, while EPS came in at $1.58.
Revenue rose 4% vs. prior year, but EPS fell 8% vs. prior year. Quiet part loud: sales grew, but each dollar turned into less profit than the year before.
$63M
revenue
$1.58
eps
8%
eps vs. last year
the number that mattered
$1.58 of quarterly EPS matters most because the stock at $59.66 still trades near 10x annualized earnings, which leaves room if profit growth resumes.
source: company earnings report, 2026
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What could go wrong
the #1 risk is competition for commercial clients and deposits. fbiz is a small bank in a market where larger rivals can match pricing and outmuscle it on product breadth.
high
commercial banking competition
fbiz competes in a $6.7T small and mid-sized business market against banks with deeper balance sheets and broader relationships.
if pricing gets tighter, loan growth and margins can both get squeezed. that matters when the stock's value case rests on a 10.0x p/e staying deservedly low, not deservedly lower.
high
ceo transition in may 2026
dave seiler succeeds corey chambas after a long tenure. for a smaller institution, management continuity is part of the underwriting case whether investors admit it or not.
if execution wobbles during the handoff, the market can stop giving the bank credit for recent growth before the financials actually break.
med
interest-rate sensitivity
the core earning engine is still net interest income, which came in at $148.9M. when funding costs move, bank math moves with them.
a less friendly rate backdrop would pressure the traditional spread business just as investors are trying to decide how repeatable the fee surge really was.
med
growth quality risk
non-interest income grew 294.1%. numbers like that can signal momentum, but they can also make the next comparison harder.
if that line fades while margin slips back toward last year's 27%, the cheap multiple will look less like an opportunity and more like a warning label.
the combined risk picture is simple: a $434M bank with $320M in long-term debt and a leadership transition does not get infinite credit for one spectacular income-growth line.
source: institutional data · regulatory filings · risk analysis
Pay attention to
quality of growth
non-interest income durability
$98.1M and +294.1% growth drove the story. if that cools fast, the story changes with it.
earnings
q1 2026 report
estimated between apr 23–27, 2026. consensus sits at $44.3M revenue and $1.37 eps.
management
ceo handoff
dave seiler takes over in may 2026. on a small bank, management transitions are not background noise.
capital return
$5M share buyback
authorization is one thing. actual repurchases are the signal that matters.
Analyst rankings
earnings predictability
70 / 100
in human-speak, analysts think the numbers are reasonably stable, but not so stable that surprises are off the table.
valuation signal
10.0x p/e
you are paying $10 for every $1 of trailing earnings. that is inexpensive for a profitable bank, assuming the recent earnings quality holds up.
source: institutional data
Institutional activity
institutional ownership data for FBIZ is being compiled.
source: institutional data
Price targets
3-5 year target range
n/a
n/a
$60
current price
n/a
target midpoint · n/a from current
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