secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2025-04-24T23:59:59+00:00
Accession:  0000950170-25-057989
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000095017025057989/0000950170-25-057989-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000095017025057989/fbiz-20250424.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-057989

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