First Business Financial Services annual debt-to-equity ratio
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First Business Financial Services Debt-to-Equity Ratio Growth & History (FBIZ)
First Business Financial Services's debt-to-equity ratio was 0.70 for fiscal 2025.
View full First Business Financial Services company overviewFirst Business Financial Services annual debt-to-equity ratio history
| Fiscal year | Period ended | Debt-to-equity ratio | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | 0.70 | −0.30 | −30.06% |
| 2024 | 2024-12-31 | 1.00 | −0.18 | −14.95% |
| 2023 | 2023-12-31 | 1.17 | −0.62 | −34.50% |
| 2022 | 2022-12-31 | 1.79 | −0.01 | −0.60% |
| 2021 | 2021-12-31 | 1.80 | −0.31 | −14.70% |
| 2020 | 2020-12-31 | 2.11 | 0.38 | +21.75% |
| 2019 | 2019-12-31 | 1.74 | 0.03 | +1.51% |
| 2018 | 2018-12-31 | 1.71 | 0.42 | +32.82% |
| 2017 | 2017-12-31 | 1.29 | 0.86 | +198.65% |
| 2016 | 2016-12-31 | 0.43 | 0.13 | +45.35% |
| 2015 | 2015-12-31 | 0.30 | −0.03 | −7.81% |
| 2014 | 2014-12-31 | 0.32 | 0.12 | +57.97% |
| 2013 | 2013-12-31 | 0.20 | −0.02 | −10.79% |
| 2012 | 2012-12-31 | 0.23 | −0.56 | −71.04% |
| 2011 | 2011-12-31 | 0.79 | — | — |
First Business Financial Services quarterly debt-to-equity ratio
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| Fiscal quarter | Period ended | Debt-to-equity ratio | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | 0.89 | 0.07 | +8.56% |
| Q1 2026 | 2026-03-31 | 0.82 | −0.06 | −6.69% |
| Q4 2025 | 2025-12-31 | 0.70 | −0.30 | −30.06% |
| Q3 2025 | 2025-09-30 | 0.77 | −0.38 | −33.12% |
| Q2 2025 | 2025-06-30 | 0.82 | −0.28 | −25.23% |
| Q1 2025 | 2025-03-31 | 0.88 | −0.44 | −33.22% |
| Q4 2024 | 2024-12-31 | 1.00 | −0.18 | −14.95% |
| Q3 2024 | 2024-09-30 | 1.14 | −0.18 | −13.86% |
| Q2 2024 | 2024-06-30 | 1.10 | −0.29 | −20.88% |
| Q1 2024 | 2024-03-31 | 1.31 | −0.01 | −0.63% |
| Q4 2023 | 2023-12-31 | 1.17 | −0.62 | −34.50% |
| Q3 2023 | 2023-09-30 | 1.33 | −0.36 | −21.28% |
| Q2 2023 | 2023-06-30 | 1.39 | −1.02 | −42.37% |
| Q1 2023 | 2023-03-31 | 1.32 | −0.40 | −23.41% |
| Q4 2022 | 2022-12-31 | 1.79 | −0.01 | −0.60% |
| Q3 2022 | 2022-09-30 | 1.69 | −0.13 | −7.23% |
| Q2 2022 | 2022-06-30 | 2.42 | 0.45 | +22.67% |
| Q1 2022 | 2022-03-31 | 1.72 | −0.44 | −20.47% |
| Q4 2021 | 2021-12-31 | 1.80 | −0.31 | −14.70% |
| Q3 2021 | 2021-09-30 | 1.82 | −0.67 | −26.97% |
| Q2 2021 | 2021-06-30 | 1.97 | −0.47 | −19.26% |
| Q1 2021 | 2021-03-31 | 2.17 | −0.03 | −1.49% |
| Q4 2020 | 2020-12-31 | 2.11 | 0.38 | +21.75% |
| Q3 2020 | 2020-09-30 | 2.49 | 0.65 | +35.52% |
| Q2 2020 | 2020-06-30 | 2.44 | 0.77 | +45.70% |
| Q1 2020 | 2020-03-31 | 2.20 | 0.64 | +41.06% |
| Q4 2019 | 2019-12-31 | 1.74 | 0.03 | +1.51% |
| Q3 2019 | 2019-09-30 | 1.84 | 0.20 | +12.00% |
| Q2 2019 | 2019-06-30 | 1.67 | −0.49 | −22.55% |
| Q1 2019 | 2019-03-31 | 1.56 | −0.30 | −16.20% |
| Q4 2018 | 2018-12-31 | 1.71 | 0.42 | +32.82% |
| Q3 2018 | 2018-09-30 | 1.64 | 0.57 | +53.90% |
| Q2 2018 | 2018-06-30 | 2.16 | 1.46 | +206.86% |
| Q1 2018 | 2018-03-31 | 1.86 | 1.06 | +133.08% |
| Q4 2017 | 2017-12-31 | 1.29 | 0.86 | +198.65% |
| Q3 2017 | 2017-09-30 | 1.07 | 0.82 | +327.05% |
| Q2 2017 | 2017-06-30 | 0.70 | 0.43 | +156.13% |
| Q1 2017 | 2017-03-31 | 0.80 | 0.51 | +175.18% |
| Q4 2016 | 2016-12-31 | 0.43 | 0.13 | +45.35% |
| Q3 2016 | 2016-09-30 | 0.25 | −0.07 | −20.81% |
| Q2 2016 | 2016-06-30 | 0.28 | −0.12 | −31.24% |
| Q1 2016 | 2016-03-31 | 0.29 | −0.03 | −8.21% |
| Q4 2015 | 2015-12-31 | 0.30 | −0.03 | −7.81% |
| Q3 2015 | 2015-09-30 | 0.32 | 0.03 | +12.12% |
| Q2 2015 | 2015-06-30 | 0.40 | — | — |
| Q1 2015 | 2015-03-31 | 0.32 | — | — |
| Q4 2014 | 2014-12-31 | 0.32 | 0.12 | +57.97% |
| Q3 2014 | 2014-09-30 | 0.28 | — | — |
| Q4 2013 | 2013-12-31 | 0.20 | −0.02 | −10.79% |
| Q1 2013 | 2013-03-31 | 0.36 | — | — |
| Q4 2012 | 2012-12-31 | 0.23 | −0.56 | −71.04% |
| Q3 2012 | 2012-09-30 | 0.71 | — | — |
| Q2 2012 | 2012-06-30 | 0.78 | — | — |
| Q4 2011 | 2011-12-31 | 0.79 | — | — |
First Business Financial Services debt-to-equity ratio trends
Over the last five fiscal years, First Business Financial Services's debt-to-equity ratio decreased from 2.11 to 0.70, a change of −1.41. The latest reported quarter, Q2 2026, shows 0.89.
About the metric
What the debt-to-equity ratio means
The debt-to-equity ratio compares interest-bearing debt with shareholders’ equity. It helps show how much debt financing a company uses relative to its accounting equity, but useful comparison levels vary by industry.
Calculation and source
How debt-to-equity is calculated
TickerStat calculates debt-to-equity as total interest-bearing debt divided by SEC-reported shareholders’ equity for the same balance-sheet date. Total liabilities are not treated as debt, and periods with non-positive equity are omitted. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review First Business Financial Services source filings ↗