---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-057989"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T06:58:20.732471+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Business Financial Q1 net income $11.0M, EPS $1.32; loans up 9% annualized

## Summary
- Net income available to common $11.0M vs $14.2M in Q4 2024 (Q4 had $0.28/share in tax & SBA benefits) and $8.6M in Q1 2024.
- Operating revenue $40.8M, up 12.6% YoY; net interest margin 3.69% vs 3.58% a year ago.
- Core deposits hit record $2.463B, up 11.1% annualized linked-quarter; total deposits grew 17.5% annualized.
- Tangible book value per share $37.58, up 14% YoY; return on avg tangible common equity 14.12%.
- Management targets 10% annual growth in loans, deposits, and revenue across most economic conditions.

## SEC filing metadata
- accession: 0000950170-25-057989
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000095017025057989/0000950170-25-057989-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000095017025057989/fbiz-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-057989
- JSON: https://secwatch.observer/filing/0000950170-25-057989.json
- Plain text: https://secwatch.observer/filing/0000950170-25-057989.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.