secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0000950170-24-117034
Event type: earnings
Sentiment:  positive
Materiality: 0.60
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Business Bank Q3 net income $10.3M, EPS $1.24; NIM stable at 3.64%
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- Net income available to common shareholders $10.3M, up from $9.7M in Q3 2023; diluted EPS $1.24 vs $1.17.
- Net interest margin steady at 3.64% (linked quarter 3.65%); net interest income up 8.4% YoY.
- Loans grew $65M (8.7% annualized) and deposits grew $84.8M (11.8% annualized) from Q2 2024.
- Tangible book value per share $34.74, up 12.5% from prior year; Private Wealth AUM $3.4B (+16.6% YoY).
- Non-performing assets remained low at 0.52% of total assets; PTPP income record $15.4M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000095017024117034/0000950170-24-117034-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000095017024117034/fbiz-20241024.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-117034

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