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First Business Financial Services Inc's Business Segments
First Business Financial Services Inc's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of FY
Reportable Segments
1
Largest Segment
Member
Total Revenue
$ 45
Regions Reported
-
Revenue Share by Reportable Segment - FY
- Member0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Member | $ 144 | - |
Annual Results
Revenue Share by Reportable Segment - FY
- Member0%
Revenue by Reportable Segment - FY
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Member | $ 144 | - |
Description of First Business Financial Services Inc
First Business Financial Services, Inc. is a registered bank holding company
originally incorporated in 1986 under the laws of the State of Wisconsin and engaged
in the commercial banking business through its three wholly-owned bank subsidiaries,
First Business Bank (“FBB”), headquartered in Madison, Wisconsin,
First Business Bank-Milwaukee (“FBB-Milwaukee”), headquartered in
Brookfield, Wisconsin, and Alterra Bank (“Alterra”), headquartered
in Leawood, Kansas (together with FBB and FBB-Milwaukee, collectively referred
to as the “Banks”). All of our operations are conducted through the
Banks and certain subsidiaries of FBB. The Banks operate as business banks delivering
a full line of commercial banking products and services tailored to meet the specific
needs of small and medium sized businesses, business owners, executives, professionals
and high net worth individuals.
First Business Financial Services, Inc. (FBFS) operates as a multifaceted financial institution that primarily focuses on serving small to medium-sized companies in the Midwest U.S. particularly in the states of Wisconsin, Kansas, and Missouri. The company offers a variety of commercial lending, asset-based financing, equipment financing, Small Business Administration (SBA) lending, treasury management services, and trust and investment services tailored to meet clients diverse financial needs.
Commercial Lending
FBFS is dedicated to addressing the specific commercial lending needs of businesses with annual sales ranging from $2 million to $75 million. The company primarily offers lines of credit and term loans, securing them against various business assets such as inventory, receivables, and equipment.
- Geographic Focus: FBFS has a significant presence in Madison, with additional locations in Milwaukee, Appleton, Oshkosh, Green Bay, Manitowoc, and Kenosha. The firm expanded its reach to the Kansas City metropolitan area through the acquisition of Aslin Group, Inc. and its subsidiary, Alterra.
- Product Types: The commercial loans cater to a variety of business purposes, including working capital for operational needs, capital expenditures, and business expansions. Loans can also be secured by commercial real estate that includes owner-occupied facilities, multi-family housing, office buildings, retail centers, and limited commercial construction financing. Unsecured loans are available in very selective cases.
Asset-Based Financing
First Business Capital Corp. (FBCC), a wholly-owned subsidiary of FBFS, specializes in asset-based lending for small to medium-sized enterprises.
- Financing Solutions: FBCC provides revolving lines of credit and term loans intended for various purposes such as financial and strategic acquisitions, capital expenditures, debt refinancing, corporate turnaround strategies, and debtor-in-possession financing.
- Target Market: The asset-based financing services target companies with revenues between $2 million and $75 million. FBCC focuses on delivering cost-effective financing solutions for businesses that may lack stable cash flows typical in traditional lending practices.
- Factoring Services: Under its division First Business Factors (FBF), the company purchases accounts receivable on a full recourse basis, offering competitive rates to clients looking to improve cash flow, undergo growth, or restructure financially.
Equipment Financing
First Business Equipment Finance, LLC (FBEF), another subsidiary of FBFS, provides a range of equipment financing solutions across diverse industries.
- Product Offering: These solutions include leases and loans specifically designed for the acquisition of manufacturing equipment, industrial assets, construction, and transportation equipment, with financing amounts generally ranging from $500,000 to $5 million and terms extending from 36 to 84 months.
- Market Positioning: The primary focus of FBEF’s growth strategy lies within existing markets in Wisconsin and related regions.
Small Business Administration (SBA) Lending
FBFS actively participates in the SBA lending program, enabling businesses to secure loans with government-backed guarantees.
- SBA Programs: The majority of loans are facilitated through the 7(a) program, which typically offers a 75% guarantee. This supports small businesses that may not qualify for standard loans due to cash flow challenges.
- Preferred Lender Program: Alterra, a subsidiary of FBFS, is a participant in the SBA’s Preferred Lender Program (PLP), allowing for expedited processing of loan applications. This fast-tracked approach provides a competitive edge in the market.
- Revenue Generation: FBFS generates income through interest, fees from selling the guaranteed portion of the loans to aggregators, and servicing fees from securitization processes.
Treasury Management Services
FBFS delivers comprehensive treasury management solutions designed to enhance cash flow and liquidity for commercial clients.
- Service Offerings: This includes lockbox services, accounts receivable solutions, electronic payment processing, cash vault services, fraud protection, information reporting, and data integration services.
- International Trade Services: For clients involved in global trade, FBFS provides tailored international payment solutions, foreign exchange, and trade letters of credit.
Trust and Investment Services
Through its division First Business Trust & Investments (FBTI), FBFS offers personalized fiduciary and investment management services.
- Comprehensive Offerings: FBTI provides a wide array of services including trust and estate administration, financial planning, investment management, and employee benefit plan services.
- Custodial Services: FBTI also offers brokerage and custody services, ensuring the safe administration of assets without providing investment advice.
In conclusion, First Business Financial Services, Inc. combines its extensive expertise across various financial services segments to deliver tailored solutions that cater to the unique needs of small to medium-sized businesses. Through its diversified offerings, the firm continues to strengthen its market position while helping clients achieve their financial goals.
Commercial Lending
FBFS is dedicated to addressing the specific commercial lending needs of businesses with annual sales ranging from $2 million to $75 million. The company primarily offers lines of credit and term loans, securing them against various business assets such as inventory, receivables, and equipment.
- Geographic Focus: FBFS has a significant presence in Madison, with additional locations in Milwaukee, Appleton, Oshkosh, Green Bay, Manitowoc, and Kenosha. The firm expanded its reach to the Kansas City metropolitan area through the acquisition of Aslin Group, Inc. and its subsidiary, Alterra.
- Product Types: The commercial loans cater to a variety of business purposes, including working capital for operational needs, capital expenditures, and business expansions. Loans can also be secured by commercial real estate that includes owner-occupied facilities, multi-family housing, office buildings, retail centers, and limited commercial construction financing. Unsecured loans are available in very selective cases.
Asset-Based Financing
First Business Capital Corp. (FBCC), a wholly-owned subsidiary of FBFS, specializes in asset-based lending for small to medium-sized enterprises.
- Financing Solutions: FBCC provides revolving lines of credit and term loans intended for various purposes such as financial and strategic acquisitions, capital expenditures, debt refinancing, corporate turnaround strategies, and debtor-in-possession financing.
- Target Market: The asset-based financing services target companies with revenues between $2 million and $75 million. FBCC focuses on delivering cost-effective financing solutions for businesses that may lack stable cash flows typical in traditional lending practices.
- Factoring Services: Under its division First Business Factors (FBF), the company purchases accounts receivable on a full recourse basis, offering competitive rates to clients looking to improve cash flow, undergo growth, or restructure financially.
Equipment Financing
First Business Equipment Finance, LLC (FBEF), another subsidiary of FBFS, provides a range of equipment financing solutions across diverse industries.
- Product Offering: These solutions include leases and loans specifically designed for the acquisition of manufacturing equipment, industrial assets, construction, and transportation equipment, with financing amounts generally ranging from $500,000 to $5 million and terms extending from 36 to 84 months.
- Market Positioning: The primary focus of FBEF’s growth strategy lies within existing markets in Wisconsin and related regions.
Small Business Administration (SBA) Lending
FBFS actively participates in the SBA lending program, enabling businesses to secure loans with government-backed guarantees.
- SBA Programs: The majority of loans are facilitated through the 7(a) program, which typically offers a 75% guarantee. This supports small businesses that may not qualify for standard loans due to cash flow challenges.
- Preferred Lender Program: Alterra, a subsidiary of FBFS, is a participant in the SBA’s Preferred Lender Program (PLP), allowing for expedited processing of loan applications. This fast-tracked approach provides a competitive edge in the market.
- Revenue Generation: FBFS generates income through interest, fees from selling the guaranteed portion of the loans to aggregators, and servicing fees from securitization processes.
Treasury Management Services
FBFS delivers comprehensive treasury management solutions designed to enhance cash flow and liquidity for commercial clients.
- Service Offerings: This includes lockbox services, accounts receivable solutions, electronic payment processing, cash vault services, fraud protection, information reporting, and data integration services.
- International Trade Services: For clients involved in global trade, FBFS provides tailored international payment solutions, foreign exchange, and trade letters of credit.
Trust and Investment Services
Through its division First Business Trust & Investments (FBTI), FBFS offers personalized fiduciary and investment management services.
- Comprehensive Offerings: FBTI provides a wide array of services including trust and estate administration, financial planning, investment management, and employee benefit plan services.
- Custodial Services: FBTI also offers brokerage and custody services, ensuring the safe administration of assets without providing investment advice.
In conclusion, First Business Financial Services, Inc. combines its extensive expertise across various financial services segments to deliver tailored solutions that cater to the unique needs of small to medium-sized businesses. Through its diversified offerings, the firm continues to strengthen its market position while helping clients achieve their financial goals.