First Business Financial Services Inc's Corporate Customers have recorded a rise in their cost of revenue by 22.76 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 19.97 %. During the corresponding time, First Business Financial Services Inc recorded a revenue increase by 16.45 % year on year, sequentially revenue grew by 8.01 %. While revenue at the First Business Financial Services Inc 's corporate clients recorded rose by 20.27 % year on year, sequentially revenue grew by 18.2 %.
First Business Financial Services Inc's Customers have recorded a rise in their cost of revenue by 22.76 % in the 2 quarter 2026 year on year, sequentially costs of revenue grew by 19.97 %, for the same period First Business Financial Services Inc recorded revenue increase by 16.45 % year on year, sequentially revenue grew by 8.01 %.
First Business Financial Services Inc's Comment on Sales, Marketing and Customers
Although certain of our business lines are marketed throughout the Midwest and
beyond, our primary markets lie in Wisconsin, Kansas and Missouri. Specifically,
our three target markets in Wisconsin consist of Madison and Milwaukee, and their
surrounding communities, and Northeastern Wisconsin, including Appleton, Green
Bay, Oshkosh and Manitowoc, and their surrounding communities. We serve our target
markets in Kansas and Missouri through our Leawood and Overland Park, Kansas offices
which are located in the Kansas City metropolitan statistical area (“MSA”).
Each of our primary markets provides a unique set of economic and demographic
characteristics which provide us with a variety of strategic opportunities. A
brief description of each of our primary markets is as follows:
Madison
As the capital of Wisconsin and home of the University of Wisconsin - Madison,
our Madison market, specifically Dane County, offers an appealing economic environment
populated by a highly educated workforce. While the economy of the Madison market
is driven in large part by the government and education sectors, there is also
a diverse array of industries outside of these segments, including significant
concentration of insurance companies and agricultural-related industries. Madison
is also home to a concentration of research and development related companies,
which benefit from the area’s strong governmental and academic ties, as
well as the University of Wisconsin Hospital, which provides healthcare services
to South Central Wisconsin.
Milwaukee
Our Milwaukee market, the primary commercial and industrial hub for Southeastern
Wisconsin, provides a diverse economic base, with both a highly skilled labor
force and significant manufacturing base. The most prominent economic sectors
in the Milwaukee market include manufacturing, financial services, health care,
diversified service companies and education. Milwaukee is home to several major
hospitals, providing health services to the greater Southeastern Wisconsin market,
several large academic institutions including the University of Wisconsin-Milwaukee
and Marquette University, and a wide variety of small to medium sized firms
with representatives in nearly every industrial classification.
According to preliminary Bureau of Labor Statistics data, as of December 2015,
the unadjusted unemployment rate in the Milwaukee MSA was 4.5%, compared to
the national unemployment rate of 5.0% and an unemployment rate in the State
of Wisconsin of 4.3%. The unemployment rate in the Milwaukee MSA improved 0.5%
from December 2014, compared to the improvement in the national and Wisconsin
averages, which was 0.6% and 0.9%, respectively, over the same period.
Northeastern Wisconsin
The cities of Appleton, Green Bay, and Oshkosh, Wisconsin serve as the primary
population centers in our Northeast Wisconsin market and provide an attractive
market to a variety of industries, including transportation, utilities, packaging
and diversified services, with the most significant economic drivers being the
manufacturing, packaging and paper goods industries.
According to the Bureau of Labor Statistics, as of December 2015, the preliminary
unemployment rate in the three major MSAs in this market ranged from 3.6% to
3.8%, compared to the national unemployment rate of 5.0% and an unemployment
rate in the State of Wisconsin of 4.3%. These unemployment rates improved 0.4%
from December 2014 in all three major MSAs in this market, compared to the improvement
in the national and Wisconsin averages, which was 0.6% and 0.9%, respectively,
over the same period.
Kansas City
Geographically located in the center of the U.S., the greater Kansas City area
enjoys a vibrant and diverse economy. The metropolitan area includes 18 counties
and more than 50 communities in Missouri and Kansas, including a vibrant central
business district located in Kansas City, Missouri and thriving communities
on both sides of the state line. The area is known for the diversity of its
economic base, with major employers in manufacturing and distribution, architecture
and engineering, technology, telecommunications, financial services and bioscience
as well as local government and higher education. Kansas City is consistently
one of the fastest growing major job markets in the Midwest, and offers lower
costs of living than most major metropolitan areas. The area offers a thriving
environment for entrepreneurship and is consistently ranked as one of the best
places to start a business.
According to data published by the Bureau of Labor Statistics, as of December
2015, the preliminary unemployment rate in the Kansas City MSA was 3.8%, compared
to the national unemployment rate of 5.0% and an unemployment rate in the State
of Kansas of 3.9%. The unemployment rate in the Kansas City MSA improved 0.8%
from December 2014, compared to the improvement in the national and Kansas averages,
which was 0.6% and 0.3%, respectively, over the same period.
First Business Financial Services Inc’s Comment on Sales, Marketing and Customers
Although certain of our business lines are marketed throughout the Midwest and
beyond, our primary markets lie in Wisconsin, Kansas and Missouri. Specifically,
our three target markets in Wisconsin consist of Madison and Milwaukee, and their
surrounding communities, and Northeastern Wisconsin, including Appleton, Green
Bay, Oshkosh and Manitowoc, and their surrounding communities. We serve our target
markets in Kansas and Missouri through our Leawood and Overland Park, Kansas offices
which are located in the Kansas City metropolitan statistical area (“MSA”).
Each of our primary markets provides a unique set of economic and demographic
characteristics which provide us with a variety of strategic opportunities. A
brief description of each of our primary markets is as follows:
Madison
As the capital of Wisconsin and home of the University of Wisconsin - Madison,
our Madison market, specifically Dane County, offers an appealing economic environment
populated by a highly educated workforce. While the economy of the Madison market
is driven in large part by the government and education sectors, there is also
a diverse array of industries outside of these segments, including significant
concentration of insurance companies and agricultural-related industries. Madison
is also home to a concentration of research and development related companies,
which benefit from the area’s strong governmental and academic ties, as
well as the University of Wisconsin Hospital, which provides healthcare services
to South Central Wisconsin.
Milwaukee
Our Milwaukee market, the primary commercial and industrial hub for Southeastern
Wisconsin, provides a diverse economic base, with both a highly skilled labor
force and significant manufacturing base. The most prominent economic sectors
in the Milwaukee market include manufacturing, financial services, health care,
diversified service companies and education. Milwaukee is home to several major
hospitals, providing health services to the greater Southeastern Wisconsin market,
several large academic institutions including the University of Wisconsin-Milwaukee
and Marquette University, and a wide variety of small to medium sized firms
with representatives in nearly every industrial classification.
According to preliminary Bureau of Labor Statistics data, as of December 2015,
the unadjusted unemployment rate in the Milwaukee MSA was 4.5%, compared to
the national unemployment rate of 5.0% and an unemployment rate in the State
of Wisconsin of 4.3%. The unemployment rate in the Milwaukee MSA improved 0.5%
from December 2014, compared to the improvement in the national and Wisconsin
averages, which was 0.6% and 0.9%, respectively, over the same period.
Northeastern Wisconsin
The cities of Appleton, Green Bay, and Oshkosh, Wisconsin serve as the primary
population centers in our Northeast Wisconsin market and provide an attractive
market to a variety of industries, including transportation, utilities, packaging
and diversified services, with the most significant economic drivers being the
manufacturing, packaging and paper goods industries.
According to the Bureau of Labor Statistics, as of December 2015, the preliminary
unemployment rate in the three major MSAs in this market ranged from 3.6% to
3.8%, compared to the national unemployment rate of 5.0% and an unemployment
rate in the State of Wisconsin of 4.3%. These unemployment rates improved 0.4%
from December 2014 in all three major MSAs in this market, compared to the improvement
in the national and Wisconsin averages, which was 0.6% and 0.9%, respectively,
over the same period.
Kansas City
Geographically located in the center of the U.S., the greater Kansas City area
enjoys a vibrant and diverse economy. The metropolitan area includes 18 counties
and more than 50 communities in Missouri and Kansas, including a vibrant central
business district located in Kansas City, Missouri and thriving communities
on both sides of the state line. The area is known for the diversity of its
economic base, with major employers in manufacturing and distribution, architecture
and engineering, technology, telecommunications, financial services and bioscience
as well as local government and higher education. Kansas City is consistently
one of the fastest growing major job markets in the Midwest, and offers lower
costs of living than most major metropolitan areas. The area offers a thriving
environment for entrepreneurship and is consistently ranked as one of the best
places to start a business.
According to data published by the Bureau of Labor Statistics, as of December
2015, the preliminary unemployment rate in the Kansas City MSA was 3.8%, compared
to the national unemployment rate of 5.0% and an unemployment rate in the State
of Kansas of 3.9%. The unemployment rate in the Kansas City MSA improved 0.8%
from December 2014, compared to the improvement in the national and Kansas averages,
which was 0.6% and 0.3%, respectively, over the same period.
Sources:
First Business Financial Services Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: First Business Financial Services Inc’s corporate clients.
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