FIRST BUSINESS FINANCIAL SERVICES, INC.
Close on Oct 19, 2026
- Market cap
- $572.92M
- P/E (TTM)
- 10.6
- Dividend yield
- 1.66%
About First Business Financial Services
State Commercial Banks, SIC 6022
First Business Financial Services, Inc., operating primarily through First Business Bank, provides commercial banking and financial products and services. The organization focuses on business banking solutions, commercial lending, and treasury management. Its loan segments encompass commercial and industrial loans and leases, Small Business Administration (SBA) guaranteed loans, and a commercial real estate portfolio consisting of owner-occupied properties, non-owner-occupied facilities, multi-family housing, construction and land development projects, and one-to-four family properties. Additionally, it offers consumer loans and deposit products, including transaction accounts, money market options, and certificates of deposit.
The company delivers its financial offerings to commercial enterprises, business owners, and individual depositors across multiple regional markets. Its operations extend across multiple states, with activity documented in jurisdictions including Wisconsin, Illinois, Minnesota, Ohio, New Jersey, Texas, Florida, Kentucky, Maryland, and California, alongside designated northeastern regions. Specific numbers of operational branch locations, full physical counts, and executive corporate headquarters are not stated in the provided text.
Summary of the business section of First Business Financial Services's latest annual report, written by StockData.
Company profile
Company
- Legal name
- FIRST BUSINESS FINANCIAL SERVICES, INC.
- Headquarters
- Madison, WI
- Address
- 401 Charmany Drive 53719
- Phone
- (608) 238-8008
- Employees
- 345, Dec 31, 2022
- Industry
- State Commercial Banks
- Incorporated in
- Wisconsin
- Fiscal year ends
- December 31
- Auditor
- Crowe LLP, Oakbrook Terrace, Illinois
Stock & identifiers
- Ticker
- FBIZ
- Exchange
- Nasdaq
- IPO date
- Dec 5, 2012
- Shares outstanding
- 8M, Jul 27, 2026
- Public float
- $421.40M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 2-for-1, Oct 30, 2015; 2-for-1, Aug 31, 2015
- SEC CIK
- 1521951
- CUSIP
- 319390100
- ISIN
- US3193901002
- LEI
- 549300BXKLW2T50TKU95
- EIN
- 39-1576570
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| David R. Seiler | President and CEO, Director | 41,187 |
| Jodi A. Chandler | Chief Human Resources Officer | 22,565 |
| Laura M. Garcia | Chief Risk Officer | 4,648 |
| Kevin D. Crampton | Chief Accounting Officer | 2,347 |
| Daniel Ovokaitys | Chief Information Officer | 11,811 |
| Brian D. Spielmann | CFO | 8,812 |
| James Edward Hartlieb | Pres&CEO First Business Bank | 31,637 |
| Bradley A. Quade | Chief Credit Officer | 17,678 |
| Niamh M. Kristufek | President - Specialty Finance | 3,590 |
| Mark J. Meloy | EVP | 55,933 |
| Scott M. Ferris | Director | 775 |
| Daniel P. Olszewski | Director | 27,405 |
| Corey A. Chambas | Director | 139,782 |
| Gerald L. Kilcoyne | Director | 106,327 |
| William Kent Lorenz | Director | 17,849 |
| Carla C. Chavarria | Director | 8,446 |
| Laurie S. Benson | Director | 8,681 |
| Jason R. Graham | Director | 3,930 |
| Ralph R. Kauten | Director | 42,443 |
| Carol P. Sanders | Director | 2,925 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Corey A. Chambas | $1.24M | $2.65M | $764.86K | $335 | $196 |
| FY2024 Corey A. Chambas | $1.23M | $1.93M | $628.33K | $279 | $148 |
| FY2023 Corey A. Chambas | $1.98M | $2.42M | $475.64K | $236 | $108 |
| FY2022 Corey A. Chambas | $1.84M | $2.41M | $630.01K | $209 | $109 |
| FY2021 Corey A. Chambas | $1.63M | $2.42M | $562.33K | $163 | $138 |
| FY2020 Corey A. Chambas | $1.38M | $919.72K | $509.44K | $73 | $90 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“At December 31, 2022, we had 345 employees which equated to approximately 337 full-time equivalent employees (“FTE”).”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 1, 2017 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 8, 2014 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Dec 5, 2012 | IPO | Initial public offering priced (424B4 prospectus) |