{"schema_version":"secwatch.filing_event.v1","accession":"0001521951-23-000008","form_type":"8-K","ticker":"FBIZ","cik":"0001521951","company_name":"FIRST BUSINESS FINANCIAL SERVICES, INC.","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.377225+00:00","generated_at":"2026-06-20T08:09:28.433013+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Business Bank Q4 net income $9.9M, EPS $1.18; loan growth 20% annualized","bullets":["Diluted EPS $1.18 vs $1.01 YoY; full-year EPS $4.75 vs $4.17 in 2021.","Loans grew $114.2M (19.6% annualized) from Q3; record net interest margin 4.15%.","Total deposits $2.168B, up 15.5% annualized linked quarter; in-market deposits up 7.6%.","Non-performing assets at historic low of 0.13% of total assets.","Tangible book value per share up 8.6% YoY; management expects double-digit growth in 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001521951-23-000008","json":"https://secwatch.observer/filing/0001521951-23-000008.json","markdown":"https://secwatch.observer/filing/0001521951-23-000008.md","text":"https://secwatch.observer/filing/0001521951-23-000008.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/fbiz-20230126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T08:09:28.433013+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"04075458702f603a3a1fa696a2ea65f4ed12ceb3","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported full year 2022 results: net income $40.2 million, EPS $4.75.","evidence_excerpt":"For the full year 2022, the Company reported net income available to common shareholders of $40.2 million, or $4.75 per share, compared to $35.8 million, or $4.17 per share, in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2022"},{"label":"Net income","value":"$40.2 million"},{"label":"EPS","value":"$4.75"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"3c1e556f993dee13b409df571e5d73f1ea8bb81b","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended September 30, 2022 results: net income $10.6 million, EPS $1.25.","evidence_excerpt":"This compares to net income available to common shareholders of $10.6 million, or $1.25 per share, in the third quarter of 2022","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended September 30, 2022"},{"label":"Net income","value":"$10.6 million"},{"label":"EPS","value":"$1.25"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"afac9cc5b460cd64b1e4b8b60c78e837b2c246a9","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported full year 2021 results: net income $35.8 million, EPS $4.17.","evidence_excerpt":"For the full year 2022, the Company reported net income available to common shareholders of $40.2 million, or $4.75 per share, compared to $35.8 million, or $4.17 per share, in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full year 2021"},{"label":"Net income","value":"$35.8 million"},{"label":"EPS","value":"$4.17"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e6123d4faad6cd14cfb0a78240ce52a44062ae87","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended December 31, 2022 results: net income $9.9 million, EPS $1.18.","evidence_excerpt":"First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $9.9 million, or $1.18 diluted earnings per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2022"},{"label":"Net income","value":"$9.9 million"},{"label":"EPS","value":"$1.18"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"fb199d0a739c945e3806f4f67df703f5c224f352","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended December 31, 2021 results: net income $8.6 million, EPS $1.01.","evidence_excerpt":"This compares to net income available to common shareholders of $10.6 million, or $1.25 per share, in the third quarter of 2022 and $8.6 million, or $1.01 per share, in the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm","confidence":0.99,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2021"},{"label":"Net income","value":"$8.6 million"},{"label":"EPS","value":"$1.01"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}