Corey Chambas - First Business CEO and President and Director

FBIZ Stock  USD 34.83  0.07  0.20%   

CEO

Mr. Corey A. Chambas is President, Chief Executive Officer, Director of First Business Financial Services Inc. He has served as a director of FBFS since July 2002, as Chief Executive Officer since December 2006 and as President since February 2005. He served as Chief Operating Officer of FBFS from February 2005 to September 2006 and as Executive Vice President from July 2002 to February 2005. He served as Chief Executive Officer of FBB from July 1999 to September 2006 and as President of FBB from July 1999 to February 2005. He also currently serves as a director of our subsidiaries FBCC and First Madison Investment Corp since 2006.
Age 61
Tenure 18 years
Professional MarksMBA
Address 401 Charmany Drive, Madison, WI, United States, 53719
Phone608 238 8008
Webhttps://www.firstbusiness.bank
Chambas has over 25 years of commercial banking experience. Prior to joining FBFS, he was a Vice President of Commercial Lending with M&I Bank, now known as BMO Harris Bank, in Madison, Wisconsin.The particular and specific experience, qualifications, attributes or skills that led the Board to conclude Mr. Chambas is qualified to serve on the Board include the depth and breadth of his experience as Chief Executive Officer of the Company and his over 30 years of financial services industry experience with specific focus in the commercial banking sector, his CEOlevel experience in core management disciplines including strategy development and implementation, human resources, financial management and sales and marketing and his governance experience through service on the boards of other privately held companies and nonprofit organizations.

Corey Chambas Latest Insider Activity

Tracking and analyzing the buying and selling activities of Corey Chambas against First Business stock is an integral part of due diligence when investing in First Business. Corey Chambas insider activity provides valuable insight into whether First Business is net buyers or sellers over its current business cycle. Note, First Business insiders must abide by specific rules, including filing SEC forms every time they buy or sell First Business'shares to prevent insider trading or benefiting illegally from material non-public information that their positions give them access to.

First Business Management Efficiency

The company has return on total asset (ROA) of 0.011 % which means that it generated a profit of $0.011 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.1308 %, meaning that it created $0.1308 on every $100 dollars invested by stockholders. First Business' management efficiency ratios could be used to measure how well First Business manages its routine affairs as well as how well it operates its assets and liabilities. At this time, First Business' Return On Tangible Assets are fairly stable compared to the past year. Return On Capital Employed is likely to rise to 0.03 in 2024, whereas Return On Equity is likely to drop 0.07 in 2024. At this time, First Business' Total Assets are fairly stable compared to the past year. Other Assets is likely to rise to about 2.9 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 201.4 M in 2024.

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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. First Business Financial Services, Inc. was founded in 1909 and is headquartered in Madison, Wisconsin. First Business operates under BanksRegional classification in the United States and is traded on NASDAQ Exchange. It employs 333 people. First Business Financial (FBIZ) is traded on NASDAQ Exchange in USA. It is located in 401 Charmany Drive, Madison, WI, United States, 53719 and employs 348 people. First Business is listed under Regional Banks category by Fama And French industry classification.

Management Performance

First Business Financial Leadership Team

Elected by the shareholders, the First Business' board of directors comprises two types of representatives: First Business inside directors who are chosen from within the company, and outside directors, selected externally and held independent of First. The board's role is to monitor First Business' management team and ensure that shareholders' interests are well served. First Business' inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, First Business' outside directors are responsible for providing unbiased perspectives on the board's policies.
Carol Sanders, Director
Daniel Ovokaitys, Chief Officer
Jodie Johnson, Director Communications
David Vetta, President and CEO of First Business Bank, Milwaukee
Ralph Kauten, Independent Director
Dean Voeks, Independent Director
Edward Sloane, Chief Officer
Carla Chavarria, Independent Director
Corey Chambas, CEO and President and Director
Barbara Conley, Senior Vice President General Counsel, Corporate Secretary
Laurie Benson, Independent Director
David Sook, LLC Finance
Rick Hearden, President Market
Timothy Keane, Independent Director
Bradley Quade, Chief Officer
Michael Murphy, Chief Accounting Officer, Principal Accounting Officer
Bill Elliott, LLC Finance
Peggy Stebbins, Chief Accounting Officer, Controller, Principal Accounting Officer
Mark Meloy, CEO of First Bus. Bank and President of First Bus. Bank and Director of First Bus. Bank
Barbara JD, G Counsel
Theresa Wiese, Managing Management
Gerald Kilcoyne, Director, Member of Compensation Committee, Member of Audit Committee and Chairman of First Bus. Bank - Madison
John Silseth, Independent Director
Mark Bugher, Independent Director
John Harris, Independent Director
David Seiler, Chief Officer
Jan Eddy, Independent Director
Barbara Stephens, Independent Director
Joan Burke, President of First Business Bank’s Trust Division
Kent Lorenz, Independent Director
Michael Losenegger, Chief Credit Officer, Sr. VP, Director of First Bus. Capital Corp and Director of First Madison Investment Corp
Daniel Olszewski, Independent Director
Brian Spielmann, Deputy Officer
Kevin CPA, Chief Officer
Jerome Smith, Co-Founder, Chairman and Director of First Bus. Bank-Milwaukee
James Ropella, Sr. VP and Treasurer
Charles Batson, President and CEO of First Business Capital Corporate
Jodi Chandler, Senior Vice President - Human Resources & Administration

First Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is First Business a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards First Business in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, First Business' short interest history, or implied volatility extrapolated from First Business options trading.

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When determining whether First Business Financial offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of First Business' financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of First Business Financial Stock. Outlined below are crucial reports that will aid in making a well-informed decision on First Business Financial Stock:
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in First Business Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in gross domestic product.
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When running First Business' price analysis, check to measure First Business' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy First Business is operating at the current time. Most of First Business' value examination focuses on studying past and present price action to predict the probability of First Business' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move First Business' price. Additionally, you may evaluate how the addition of First Business to your portfolios can decrease your overall portfolio volatility.
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Is First Business' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of First Business. If investors know First will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about First Business listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.01)
Dividend Share
0.933
Earnings Share
4.32
Revenue Per Share
16.75
Quarterly Revenue Growth
0.012
The market value of First Business Financial is measured differently than its book value, which is the value of First that is recorded on the company's balance sheet. Investors also form their own opinion of First Business' value that differs from its market value or its book value, called intrinsic value, which is First Business' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because First Business' market value can be influenced by many factors that don't directly affect First Business' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between First Business' value and its price as these two are different measures arrived at by different means. Investors typically determine if First Business is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, First Business' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.