secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000950170-24-086555
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Business Bank Q2 net income $10.2M, EPS $1.23 beats linked quarter; NIM expands to 3.65%
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- Diluted EPS $1.23 (vs $1.04 Q1 2024, $0.98 Q2 2023); net income $10.2M, up 15% linked quarter.
- Net interest margin 3.65%, up 7 bps from linked quarter; net interest income grew 3.5% Q/Q and 10.1% Y/Y.
- Loans grew $74.6M (10.3% annualized) from Q1 2024; up $310.8M (11.6%) Y/Y.
- Private Wealth fee income record $3.5M, up 19.6% Y/Y; AUM/A $3.249B, up 11.7% Y/Y.
- Tangible book value per share $33.92, up 13.5% Y/Y; non-performing assets down 5.4% linked quarter to 0.53% of assets.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000095017024086555/0000950170-24-086555-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000095017024086555/fbiz-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-086555

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer