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First Business Financial Services (First Business Financial Services) Effective Interest Rate on Debt % : 28.30% (As of Dec. 2023)


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What is First Business Financial Services Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. First Business Financial Services's annualized positive value of Interest Expense for the quarter that ended in Dec. 2023 was $100.9 Mil. First Business Financial Services's average total debt for the quarter that ended in Dec. 2023 was $356.5 Mil. Therefore, First Business Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 was 28.30%.


First Business Financial Services Effective Interest Rate on Debt % Historical Data

The historical data trend for First Business Financial Services's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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First Business Financial Services Effective Interest Rate on Debt % Chart

First Business Financial Services Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Effective Interest Rate on Debt %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.96 4.43 2.65 5.18 20.41

First Business Financial Services Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Effective Interest Rate on Debt % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9.72 15.01 21.24 23.75 28.30

Competitive Comparison of First Business Financial Services's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, First Business Financial Services's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Business Financial Services's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Business Financial Services's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where First Business Financial Services's Effective Interest Rate on Debt % falls into.



First Business Financial Services Effective Interest Rate on Debt % Calculation

First Business Financial Services's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (A: Dec. 2022 )+Total Debt  (A: Dec. 2023 ))/ count )
=-1  *  -82.34/( (466.983+339.87)/ 2 )
=-1  *  -82.34/403.4265
=20.41 %

where

Total Debt  (A: Dec. 2022 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=466.983 + 0
=466.983

Total Debt  (A: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=339.87 + 0
=339.87

First Business Financial Services's annualized Effective Interest Rate on Debt % for the quarter that ended in Dec. 2023 is calculated as

Effective Interest Rate on Debt %
=-1  *  Interest Expense/( (Total Debt  (Q: Sep. 2023 )+Total Debt  (Q: Dec. 2023 ))/ count )
=-1  *  -100.888/( (373.127+339.87)/ 2 )
=-1  *  -100.888/356.4985
=28.30 %

where

Total Debt  (Q: Sep. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=373.127 + 0
=373.127

Total Debt  (Q: Dec. 2023 )
=Long-Term Debt & Capital Lease Obligation + Short-Term Debt & Capital Lease Obligation
=339.87 + 0
=339.87

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Dec. 2023) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.


First Business Financial Services  (NAS:FBIZ) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.


First Business Financial Services Effective Interest Rate on Debt % Related Terms

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First Business Financial Services (First Business Financial Services) Business Description

Traded in Other Exchanges
N/A
Address
401 Charmany Drive, Madison, WI, USA, 53719
First Business Financial Services Inc operates as a bank holding company. The Bank operates as a business bank, focusing on delivering a full line of commercial banking products including commercial loans and commercial real estate loans, to meet the specific needs of small and medium-sized businesses, business owners, executives, professionals, and high-net-worth individuals. The company's products and services include commercial lending, SBA lending and servicing, asset-based lending, equipment financing, factoring, trust, and investment services, treasury management services, and a broad range of deposit products. Geographically all the business activity functioned through the region of the United States.
Executives
Carol P Sanders director PO BOX 2568, MADISON WI 53701-2568
Jodi A Chandler officer: SVP Hum. Res. & Administration 401 CHARMANY DRIVE, MADISON WI 53719
Gerald L Kilcoyne director 5736 TUSCANY LANE, WAUNAKEE WI 53597
Carla C Sanders director ONE AMC WAY, 11500 ASH STREET, LEAWOOD KS 66211
Kevin D Crampton officer: Chief Accounting Officer 401 CHARMANY DRIVE, MADISON WI 53719
John J Harris director 4248 FRANKLIN AVE., WESTERN SPRINGS IL 60558
Laura M. Garcia officer: Chief Risk Officer 401 CHARMANY DRIVE, MADISON WI 53719
Barbara Mccarty Conley officer: SVP Corp. Sec. & Gen.Couns. 401 CHARMANY DRIVE, MADISON WI 53719
Daniel P. Olszewski director 401 CHARMANY DRIVE, MADISON WI 53719
James Edward Hartlieb officer: President-First Business Bank 401 CHARMANY DRIVE, MADISON WI 53719
Brian D. Spielmann officer: Chief Accounting Officer 401 CHARMANY DRIVE, MADISON WI 53719
Sloane Edward G Jr officer: Chief Financial Officer 401 CHARMANY DRIVE, MADISON WI 53719
Ralph R. Kauten director 401 CHARMANY DRIVE, MADISON WI 53719
David R. Seiler officer: Chief Operating Officer 401 CHARMANY DRIVE, MADISON WI 53719
Bradley A Quade officer: Chief Credit Officer 401 CHARMANY DRIVE, MADISON WI 53719