Business Context and Reporting Period
This filing is a Form 13F-HR submitted by First Business Financial Services, Inc., an institutional investment manager based in Madison, WI. The report covers the quarter ended March 31, 2026, and was signed by Doug Heding, President of Private Wealth, on April 20, 2026.
Key Financial Metrics
As a Form 13F filing, this document reports equity holdings rather than the company's own operating financials (revenue, profit, cash flow, or debt). The following metrics relate to the reported investment portfolio:
- Total Portfolio Value: $1,124,729,547
- Total Number of Holdings: 192 entries
- Other Included Managers: 0
The filing text does not provide data on the company's internal revenue, profit margins, cash flow, or liquidity.
Material Changes
The filing text does not provide comparative data for the prior period (December 31, 2025) or detail specific material changes in holdings, values, or strategy versus the previous quarter.
Guidance, Outlook, and Risks
This document is a regulatory disclosure of holdings and does not contain management commentary, forward-looking guidance, risk factors, or contingencies regarding the company's future performance.
Investor Verification Checklist
- Verify the total portfolio value of $1.12 billion against the company's latest 10-Q or 10-K for context on asset allocation.
- Confirm the specific equity positions within the 192 reported entries to assess concentration risk.
- Note that this filing reflects holdings as of March 31, 2026, and does not represent the company's own financial health.