First Business Financial Servic FBIZ

Competitive advantage analysis · financial-services

Bank Specialized
Overall moat score
63/100
Moderate

Ranked against 399 peers in Banks - Regional

About First Business Financial Servic

First Business Financial Services, Inc. operates as the bank holding company for First Business Bank that provides commercial banking products and services for small and medium-sized businesses, business owners, executives, professionals, and high net worth individuals in Wisconsin, Kansas, and Missouri. The company offers commercial real estate lending, commercial and industrial lending, asset-based lending, accounts receivable financing, equipment financing, floorplan … Full FBIZ analysis →

Key strengths

  • Strong Deposit Franchise Deposit franchise strength is evident (profitability score 0.73).
  • Disciplined Risk Management Risk management appears disciplined (asset quality score 0.73).

Key risks

  • Capital Adequacy Concerns Capital adequacy is concerning (score 0.27).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

Upgrade to unlock the signals and evidence behind each defense.

Premium access

Unlock full defense analysis

Get key signals, strengths, and risks for every moat dimension.

Upgrade to Premium Unlock all moat defenses and evidence.

Deposit Franchise

Moderate
75
Premium

Signals, strengths and risks for Deposit Franchise

Premium

Signals, strengths and risks for Lending Advantage

Premium

Signals, strengths and risks for Capital Strength

Premium

Signals, strengths and risks for Cost Discipline

Premium

Signals, strengths and risks for Revenue Diversification

Premium

Signals, strengths and risks for Risk Management

Where FBIZ ranks in Banks - Regional

First Business Financial Servic ranks #106 of 393 scored companies in Banks - Regional by moat score — the top 27%. The widest moat in the group is 1st Source Corporation (SRCE) at 86/100.

# Company Moat score Rating
102 PCB Bancorp PCB 64/100 Moderate
103 SB Financial Group, Inc. SBFG 63/100 Moderate
104 Ames National Corporation ATLO 63/100 Moderate
105 Pinnacle Financial Partners, In PNFP 63/100 Moderate
106 First Business Financial Servic FBIZ 63/100 Moderate
107 ICICI Bank Limited IBN 63/100 Moderate
108 Sierra Bancorp BSRR 63/100 Moderate
109 QCR Holdings, Inc. QCRH 63/100 Moderate
110 Fifth Third Bancorp FITB 62/100 Moderate

See every Banks & Lenders company ranked by moat score →

How FBIZ scores on the Bank Specialized defenses

Deposit Franchise

Score 75 · 22% of the moat score

A deposit franchise is the cheapest and most valuable thing a bank can own.

Lending Advantage

Score 59 · 18% of the moat score

Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.

Capital Strength

Score 52 · 20% of the moat score

Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.

Cost Discipline

Score 54 · 16% of the moat score

Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.

Revenue Diversification

Score 68 · 14% of the moat score

A bank earning everything from net interest income is a leveraged bet on the rate cycle.

Risk Management

Score 69 · 10% of the moat score

Risk management is the defense that only reveals itself late.

How each Bank Specialized defense is measured, in full →

Understanding FBIZ's moat

What is First Business Financial Servic's moat score?

First Business Financial Servic (FBIZ) scores 63 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #106 of 393 scored companies in Banks - Regional, the top 27%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 399 companies in Banks - Regional. Its strongest defense is Deposit Franchise (75/100) and its weakest is Capital Strength (52/100).

How does First Business Financial Servic compare with other Banks - Regional companies?

First Business Financial Servic ranks #106 of 393 scored companies in Banks - Regional by moat score. The widest moat in Banks - Regional is 1st Source Corporation (SRCE) at 86/100. The companies ranked closest are Pinnacle Financial Partners, In (PNFP) at 63 just above it and ICICI Bank Limited (IBN) at 63 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 399 companies in Banks - Regional. The defenses are then weighted to produce the overall score out of 100.

Why is First Business Financial Servic scored with the Bank Specialized template?

A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.

Which competitive defenses are measured for First Business Financial Servic?

The Bank Specialized template measures 6 defenses, and FBIZ scores: Deposit Franchise (75), Lending Advantage (59), Capital Strength (52), Cost Discipline (54), Revenue Diversification (68), Risk Management (69). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

Send Feedback
Please select a category.
0/1000