Demonstrações financeiras detalhadas de First Business Financial Services, Inc. (FBIZ): demonstração de resultados, balanço patrimonial e fluxo de caixa. Acompanhe a evolução de margens, dívida, liquidez e rentabilidade ano a ano com até 20 anos de histórico.
Resumo da Análise
First Business Financial Services, Inc. registou receitas de $279.2M no último exercício, com um CAGR de 5 anos de 18.7%. O lucro líquido atingiu $50.3M, com CAGR de 5 anos de 24.3%.
Margens dos últimos 12 meses: margem bruta 58.9%, margem operacional 22.5%, margem líquida 19.3%. O fluxo de caixa livre cresceu a CAGR de 18.3% em 5 anos.
Ao preço atual de $71.66, FBIZ negocia a um P/L de 10.99 e um ROE de 14.75%. A capitalização de mercado é de $599M.
Demonstração de Resultados (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Receita | $92.4M | $89.7M | $107.4M | $121.4M | $118.7M | $124.1M | $150.8M | $226.2M | $262.4M | $279.2M |
| Custo da Receita | $24.7M | $23.6M | $31.3M | $34.5M | $33.9M | $5.5M | $19.1M | $90.5M | $117.8M | $119.3M |
| Lucro Bruto | $67.7M | $66.1M | $76.0M | $86.9M | $84.8M | $118.6M | $131.7M | $135.7M | $144.6M | $160.0M |
| P&D | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Despesas Gerais e Administrativas | $42.9M | $43.8M | $46.4M | $50.9M | $48.7M | $54.9M | $61.1M | $66.2M | $72.3M | $76.7M |
| Despesas Operacionais | $50.7M | $51.8M | $58.4M | $62.4M | $66.5M | $71.5M | $79.5M | $88.6M | $93.5M | $99.5M |
| Lucro Operacional | $17.1M | $14.2M | $17.7M | $24.5M | $18.3M | $47.0M | $52.2M | $47.1M | $51.1M | $60.5M |
| EBITDA | $18.6M | $15.8M | $19.1M | $27.5M | $21.8M | $50.6M | $56.3M | $50.8M | $54.9M | $64.2M |
| Despesas com Juros | $14.8M | $15.2M | $23.9M | $32.2M | $17.1M | $11.3M | $22.9M | $82.3M | $108.9M | $110.6M |
| Lucro Antes de Impostos | $17.1M | $14.2M | $17.7M | $24.5M | $18.3M | $47.0M | $52.2M | $47.1M | $51.1M | $60.5M |
| Imposto | $2.2M | $2.3M | $1.4M | $1.2M | $1.3M | $11.3M | $11.4M | $10.1M | $6.9M | $10.1M |
| Lucro Líquido | $14.9M | $11.9M | $16.3M | $23.3M | $17.0M | $35.8M | $40.9M | $37.0M | $44.2M | $50.3M |
| LPA | $1.71 | $1.36 | $1.86 | $2.68 | $1.97 | $4.17 | $4.75 | $4.33 | $5.20 | $6.06 |
| LPA Diluído | $1.71 | $1.36 | $1.86 | $2.68 | $1.97 | $4.17 | $4.75 | $4.33 | $5.20 | $6.06 |
| Ações em Circulação (Diluídas) | $8.6M | $8.6M | $8.6M | $8.5M | $8.4M | $8.3M | $8.2M | $8.1M | $8.1M | $8.2M |
Demonstração de Resultados (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Receita | $73.4M | $70.2M | $70.7M | $73.6M |
| Lucro Bruto | $43.1M | $40.4M | $41.3M | $44.6M |
| Lucro Operacional | $17.4M | $16.2M | $14.4M | $16.8M |
| EBITDA | $18.4M | $17.2M | $15.3M | $17.8M |
| Lucro Líquido | $14.4M | $13.3M | $12.2M | $15.6M |
| LPA | $1.70 | $1.60 | $1.49 | $1.84 |
| LPA Diluído | $1.70 | $1.60 | $1.49 | $1.84 |
Balanço (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Caixa e Equivalentes | $77.5M | $52.5M | $86.5M | $67.1M | $56.9M | $57.1M | $102.7M | $139.5M | $157.7M | $30.8M |
| Investimentos de Curto Prazo | $145.9M | $126.0M | $138.4M | $173.1M | $183.9M | $205.7M | $212.0M | $297.0M | $341.4M | $8.7M |
| Contas a Receber | $35.6M | $35.8M | $38.9M | $33.9M | $30.9M | $21.2M | $9.4M | $13.3M | $12.9M | $3.34B |
| Estoque | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Ativos Circulantes | $262.1M | $217.4M | $266.7M | $276.4M | $273.9M | $286.7M | $327.9M | $454.1M | $516.2M | $39.5M |
| Imobilizado | $3.8M | $3.2M | $3.3M | $9.5M | $7.8M | $6.6M | $12.0M | $12.7M | $10.9M | $10.0M |
| Ágio | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M | $10.7M |
| Ativos Intangíveis | $2.1M | $2.0M | $1.3M | $1.2M | $1.3M | $1.6M | $1.5M | $1.3M | $1.2M | $1.3M |
| Ativos Totais | $1.78B | $1.79B | $1.97B | $2.10B | $2.57B | $2.65B | $2.98B | $3.51B | $3.85B | $4.08B |
| Contas a Pagar | $10.5M | $12.5M | $21.5M | $14.4M | $15.6M | $15.3M | $19.4M | 0 | 0 | 0 |
| Dívida de Curto Prazo | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | $126.9M |
| Passivos Circulantes | $1.55B | $1.41B | $1.48B | $1.54B | $1.87B | $1.97B | $2.19B | $2.80B | $3.11B | $126.9M |
| Dívida de Longo Prazo | $69.7M | $217.9M | $309.0M | $329.4M | $429.2M | $413.5M | $456.8M | $330.9M | $320.0M | $126.8M |
| Passivos Totais | $1.62B | $1.62B | $1.79B | $1.90B | $2.36B | $2.42B | $2.72B | $3.22B | $3.52B | $3.71B |
| Reservas | $91.3M | $98.9M | $110.3M | $129.1M | $140.4M | $170.0M | $203.5M | $230.7M | $265.8M | $305.5M |
| Patrimônio Líquido | $161.7M | $169.3M | $180.7M | $194.2M | $206.2M | $232.4M | $260.6M | $289.6M | $328.6M | $371.6M |
| Dívida Total | $69.7M | $217.9M | $309.0M | $337.0M | $435.6M | $418.9M | $467.0M | $339.9M | $328.0M | $259.4M |
| Dívida Líquida | -$153.7M | $39.4M | $84.1M | $96.7M | $194.8M | $156.1M | $152.3M | -$96.6M | -$171.1M | $219.9M |
| Capital de Giro | -$1.29B | -$1.19B | -$1.21B | -$1.27B | -$1.60B | -$1.69B | -$1.86B | -$2.34B | -$2.59B | -$87.4M |
Balanço (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Caixa e Equivalentes | $44.3M | $39.5M | $137.1M | $163.4M |
| Ativos Totais | $4.03B | $4.08B | $4.32B | $4.41B |
| Passivos Totais | $3.68B | $3.71B | $3.94B | $4.01B |
| Patrimônio Líquido | $358.3M | $371.6M | $380.1M | $395.3M |
| Dívida Total | $274.4M | $259.4M | $310.5M | $595.2M |
Fluxo de Caixa (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Lucro Líquido | $14.9M | $11.9M | $16.3M | $23.3M | $17.0M | $35.8M | $40.9M | $37.0M | $44.2M | $50.3M |
| Depreciação e Amortização | $1.5M | $1.6M | $1.5M | $3.0M | $3.5M | $3.6M | $4.1M | $3.6M | $3.7M | $3.8M |
| Compensação em Ações | $994000 | $1.1M | $1.0M | $1.6M | $1.9M | $2.5M | $2.6M | $3.0M | $2.8M | $2.8M |
| Variação Capital de Giro | -$3.5M | -$2.2M | $140000 | -$1.7M | -$8.0M | -$5.5M | -$4.9M | -$7.5M | $1.7M | -$3.1M |
| Fluxo de Caixa Operacional | $26.2M | $22.4M | $25.3M | $29.0M | $26.6M | $36.0M | $38.6M | $52.3M | $57.5M | $61.7M |
| CapEx | -$584000 | -$1.2M | -$969000 | -$225000 | -$264000 | -$391000 | -$3.2M | -$2.9M | -$223000 | -$595000 |
| Aquisições | 0 | 0 | 0 | 0 | 0 | 0 | $315000 | 0 | 0 | 0 |
| Recompra de Ações | -$467000 | -$323000 | -$533000 | -$7.2M | -$1.7M | -$5.5M | -$6.1M | -$3.0M | -$1.3M | -$1.4M |
| Dividendos Pagos | -$4.2M | -$4.5M | -$4.9M | -$5.2M | -$5.7M | -$6.2M | -$7.4M | -$8.5M | -$9.2M | -$10.6M |
| Fluxo de Caixa Livre | $25.6M | $21.2M | $24.3M | $28.8M | $26.4M | $35.6M | $35.4M | $49.4M | $57.3M | $61.1M |
Fluxo de Caixa (Trimestral)
| Ano | 2025-Q3 | 2025-Q4 | 2026-Q1 | 2026-Q2 |
|---|
| Fluxo de Caixa Operacional | $18.4M | $16.1M | $3.1M | $43.8M |
| CapEx | -$146000 | -$39000 | -$135000 | -$164000 |
| Fluxo de Caixa Livre | $18.3M | $16.1M | $2.9M | $43.6M |
| Dividendos Pagos | -$2.6M | -$2.6M | -$3.1M | -$3.2M |
| Compensação em Ações | $584000 | $639000 | $647000 | $912000 |
Crescimento e Margens (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| Crescimento Receita (anual) | | -2.9% | +19.7% | +13.0% | -2.2% | +4.5% | +21.5% | +50.0% | +16.0% | +6.4% |
| Crescimento Lucro Líquido (anual) | | -20.1% | +36.9% | +43.1% | -27.2% | +110.6% | +14.3% | -9.4% | +19.5% | +13.7% |
| Crescimento LPA (anual) | | -20.5% | +36.8% | +44.1% | -26.5% | +111.7% | +13.9% | -8.8% | +20.1% | +16.5% |
| Variação de Ações (anual) | | +0.5% | +0.3% | -1.4% | -1.5% | -0.8% | -1.1% | -1.2% | +0.2% | +0.1% |
| Crescimento FCF (anual) | | -17.2% | +14.9% | +18.3% | -8.3% | +35.0% | -0.5% | +39.5% | +15.9% | +6.7% |
| Margem Bruta | 73.3% | 73.7% | 70.8% | 71.6% | 71.4% | 95.5% | 87.3% | 60.0% | 55.1% | 57.3% |
| Margem Operacional | 18.5% | 15.9% | 16.4% | 20.2% | 15.4% | 37.9% | 34.6% | 20.8% | 19.5% | 21.6% |
| Margem EBITDA | 20.1% | 17.6% | 17.8% | 22.7% | 18.3% | 40.8% | 37.3% | 22.4% | 20.9% | 23.0% |
| Margem Líquida | 16.1% | 13.3% | 15.2% | 19.2% | 14.3% | 28.8% | 27.1% | 16.4% | 16.9% | 18.0% |
| Margem FCF | 27.7% | 23.6% | 22.6% | 23.7% | 22.2% | 28.7% | 23.5% | 21.8% | 21.8% | 21.9% |
| Taxa Efetiva de Imposto | 12.6% | 16.3% | 7.7% | 4.8% | 7.2% | 24.0% | 21.8% | 21.5% | 13.5% | 16.8% |
Dados por Ação (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| FCF por Ação | $2.98 | $2.46 | $2.81 | $3.38 | $3.15 | $4.28 | $4.31 | $6.08 | $7.03 | $7.49 |
| Dividendo por Ação | $0.49 | $0.53 | $0.57 | $0.61 | $0.67 | $0.74 | $0.90 | $1.04 | $1.13 | $1.29 |
| Ações em Circulação (Básicas) | $8.6M | $8.6M | $8.6M | $8.5M | $8.4M | $8.3M | $8.2M | $8.1M | $8.1M | $8.2M |
O que olhar em empresas de Financial Services
- Efficiency Ratio (≤55%) — Despesas operacionais / receita. Bancos top abaixo de 55%.
- ROA (≥1%) — Quanto ganham por cada euro de ativos. ROE engana em bancos pela alavancagem.
- ROTCE (≥12%) — Rentabilidade sobre Capital Tangível. Exclui goodwill e intangíveis.
- Capital / Ativos (proxy Tier 1) (≥8%) — Proxy do rácio de capital. FMP não expõe Tier 1 regulatório direto.
- P/B (1,0-1,5x) — Métrica clássica bancária. <1x pode ser oportunidade ou distress.
- Dividend yield sustentável (≥2%, <8%) — Bancos UE pagam 5-7% sem stress. >8% é sinal de distress.
Rentabilidade
| Retorno sobre patrimônio | 14.75% |
| Retorno sobre capital investido | 1.34% |
| Retorno sobre ativos | 1.26% |
| Margem bruta | 58.86% |
| Margem operacional | 22.51% |
| Margem líquida | 19.28% |
Saúde financeira
| Dívida / Patrimônio | 1.51 |
| Liquidez corrente | 17.05 |
Índices Chave (10 anos)
| Ano | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|
| P/L | 13.87 | 16.26 | 10.49 | 9.82 | 9.35 | 7.00 | 7.69 | 9.26 | 8.90 | 8.96 |
| P/VP | 1.26 | 1.13 | 0.93 | 1.15 | 0.75 | 1.04 | 1.15 | 1.13 | 1.15 | 1.19 |
| P/V | 2.20 | 2.12 | 1.57 | 1.85 | 1.30 | 1.95 | 1.99 | 1.44 | 1.44 | 1.59 |
| Margem Bruta | 73.3% | 73.7% | 70.8% | 71.6% | 71.4% | 95.5% | 87.3% | 60.0% | 55.1% | 57.3% |
| Margem Operacional | 18.5% | 15.9% | 16.4% | 20.2% | 15.4% | 37.9% | 34.6% | 20.8% | 19.5% | 21.6% |
| Margem Líquida | 16.1% | 13.3% | 15.2% | 19.2% | 14.3% | 28.8% | 27.1% | 16.4% | 16.9% | 18.0% |