First Business Bank Valuation Multiples

First Business Bank Overview

About First Business Bank

First Business Financial Services Inc operates as a bank holding company. The Bank operates as a business bank, delivering a full line of commercial banking products including commercial loans and commercial real estate loans, to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. The company's products and services include commercial lending, SBA lending and servicing, asset-based lending, equipment financing, factoring, trust, and investment services, treasury management services, and a broad range of deposit products. Geographically all the business activity functioned through the region of the United States.

Founded

1986

HQ

Employees

353

Website

firstbusiness.bank

Sectors

Commercial Banking

Financials (LTM)

Revenue: $171M

Net Income: $50M

EV

$719M

Valuation Multiples

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First Business Bank Financials

First Business Bank reported last 12-month revenue of $171M.

In the same LTM period, First Business Bank generated $50M in net income.

First Business Bank P&L

In the most recent fiscal year, First Business Bank reported revenue of $169M and net income of $50M.

First Business Bank expects next 12-month revenue of XXX and NTM EBITDA of XXX

First Business Bank Stock Performance

First Business Bank has current market cap of $459M, and enterprise value of $719M.

First Business Bank's stock price is $55.16.

First Business Bank Valuation Multiples

First Business Bank trades at 4.2x EV/Revenue multiple.

First Business Bank Financial Valuation Multiples

As of March 7, 2026, First Business Bank has market cap of $459M and EV of $719M.

Equity research analysts estimate First Business Bank's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

First Business Bank has a P/E ratio of 9.3x.

First Business Bank Margins & Growth Rates

First Business Bank's revenue in the last 12 month grew by 8%.

First Business Bank's revenue per employee in the last FY averaged $0.5M, while opex per employee averaged $0.3M for the same period.

First Business Bank Public Comps

See public comps and valuation multiples for other Commercial Banking comps.

First Business Bank M&A Activity

First Business Bank acquired XXX companies to date.

Last acquisition by First Business Bank was on XXXXXXXX, XXXXX. First Business Bank acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

First Business Bank Investment Activity

First Business Bank invested in XXX companies to date.

First Business Bank made its latest investment on XXXXXXXX, XXXXX. First Business Bank invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).