← FIRST BUSINESS FINANCIAL SERVICES, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $14.9m |
$11.9m
-20.15%
|
$16.3m
+36.94%
|
$23.3m
+43.07%
|
$17.0m
-27.21%
|
$35.8m
+110.60%
|
$40.9m
+14.27%
|
$37.0m
-9.38%
|
$44.2m
+19.49%
|
$50.3m
+13.73%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $14.7m |
$11.7m
-20.06%
|
$16.1m
+36.79%
|
$22.8m
+42.08%
|
$16.6m
-27.46%
|
$35.8m
+115.98%
|
$40.2m
+12.36%
|
$36.2m
-10.01%
|
$43.4m
+19.97%
|
$49.4m
+14.01%
|
— | |
| Depreciation and amortization | $1.5m | $1.6m | $1.5m | $3.0m | $3.5m | $0 | $4.1m | $3.6m | $3.7m | $3.8m | $3.9m | |
| Depreciation, Amortization and Accretion, Net | $1.5m | $1.6m | $1.5m | $3.0m | $3.5m | $3.6m | $4.1m | $3.6m | $3.7m | $3.8m | $3.9m | |
| Depreciation | $767k | $744k | $835k | $877k | $822k | $585k | $578k | $961k | $1.1m | $1.2m | $3.9m | |
| Deferred Income Tax Expense (Benefit) | ($1.1m) | $1.7m | ($432k) | ($2.3m) | ($2.0m) | $1.2m | ($775k) | $2.1m | ($3.5m) | ($1.6m) | ($2.8m) | |
| Share-based Payment Arrangement, Noncash Expense | $994k | $1.1m | $1.0m | $1.6m | $1.9m | $2.5m | $2.6m | $3.0m | $2.8m | $2.8m | $2.8m | |
| Goodwill, Impairment Loss | — | $0 | — | — | — | — | — | — | — | — | $289k | |
| Impairment of Intangible Assets, Finite-lived | — | — | $69k | $25k | ($16k) | ($63k) | — | — | — | — | — | |
| Operating Lease, Impairment Loss | — | — | — | $299k | $0 | — | — | — | — | — | — | |
| Income (Loss) from Equity Method Investments | $790k | $354k | $459k | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $26.2m |
$22.4m
-14.35%
|
$25.7m
+14.66%
|
$29.0m
+12.81%
|
$26.6m
-8.11%
|
$36.0m
+35.13%
|
$38.6m
+7.37%
|
$52.3m
+35.31%
|
$57.5m
+9.94%
|
$61.7m
+7.31%
|
$81.4m
+31.93%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $584k | $1.2m | $969k | $225k | $264k | $391k | $3.2m | $2.9m | $223k | $595k | ($484k) | |
| Equipment Expense | $1.2m | $1.2m | $1.4m | $1.2m | $1.2m | $990k | $1.1m | $1.3m | $1.3m | $1.4m | — | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $43.7m | $38.2m | $33.2m | $30.1m | $58.3m | $51.2m | $40.8m | $22.1m | $91.9m | $65.5m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | — | $29k | $0 | ($45k) | ($8k) | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($44.3m) | ($46.4m) | ($138.3m) | ($131.5m) | ($454.5m) | ($111.0m) | ($245.3m) | ($506.8m) | ($328.5m) | ($373.4m) | ($385.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($744k) | $0 | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | $467k | $323k | $533k | $7.2m | $1.7m | $5.5m | $6.1m | $3.0m | $1.3m | $1.4m | — | |
| Payments of Ordinary Dividends, Common Stock | $4.2m | $4.5m | $4.9m | $5.2m | $5.7m | $6.2m | $6.7m | $7.6m | $8.3m | $9.7m | ($11.6m) | |
| Proceeds from Issuance of Common Stock | $0 | — | — | $0 | $66k | $160k | $134k | $128k | $144k | $143k | — | |
| Net Cash Provided by (Used in) Financing Activities | ($17.9m) |
($1.0m)
+94.23%
|
$146.6m
+14289.64%
|
$83.1m
-43.33%
|
$417.7m
+402.82%
|
$75.2m
-81.99%
|
$252.2m
+235.27%
|
$491.4m
+94.84%
|
$289.2m
-41.15%
|
$193.5m
-33.10%
|
$344.5m
+78.05%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | $57.1m | $102.7m | $139.5m | $157.7m | $39.5m | $163.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for Loan, Lease, and Other Losses | $7.8m | — | — | — | — | ($5.8m) | — | — | — | — | $8.3m | |
| Bank Owned Life Insurance Income | $974k | $1.2m | $1.2m | $1.2m | $1.4m | $1.4m | $2.2m | $1.5m | $1.6m | $2.8m | — | |
| Gain (Loss) on Sales of Loans, Net | — | — | — | — | — | — | — | $2.1m | $1.9m | $1.9m | — | |
| Proceeds from Stock Options Exercised | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Parent Company | $4.2m | $4.5m | $4.9m | $5.2m | $5.7m | $6.2m | $6.7m | $7.6m | $8.3m | $9.7m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $14.8m | $14.9m | $22.3m | $33.0m | $18.4m | $13.2m | $20.1m | $75.5m | $109.6m | $111.4m | — | |
| Income Taxes Paid, Net | $5.6m | $2.2m | $1.1m | $1.3m | $3.5m | $14.5m | $8.0m | $7.5m | $158k | $3.3m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Disposition of Assets | — | — | — | — | — | ($78k) | $0 | ($73k) | ($10k) | — | — | |
| Gain (Loss) on Sale of Mortgage Loans | $590k | $26k | $0 | ($1.5m) | ($2.9m) | ($4.0m) | ($2.5m) | ($2.1m) | ($1.9m) | ($1.9m) | — | |
| General and Administrative Expense | $1.5m | $1.9m | $1.9m | — | — | — | — | — | — | — | — | |
| Goodwill | $10.7m | $10.7m | $10.7m | $10.7m | $10.7m | $10.7m | $10.7m | $10.7m | $10.7m | $10.7m | $289k | |
| Income Tax Expense (Benefit) | $2.2m | $2.3m | $1.4m | $1.2m | $1.3m | $11.3m | $11.4m | $10.1m | $6.9m | $10.1m | — | |
| Operating Lease, Expense | — | — | — | $1.6m | $1.5m | $1.5m | $1.5m | — | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $9k | $113k | $170k | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | ($5.8m) | — | $8.2m | $8.8m | $8.7m | — |