---
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"
generated_at: "2026-06-20T08:09:28.433013+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Business Bank Q4 net income $9.9M, EPS $1.18; loan growth 20% annualized

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-23-000008
- JSON: https://secwatch.observer/filing/0001521951-23-000008.json
- Plain text: https://secwatch.observer/filing/0001521951-23-000008.txt

## Key facts
- Earnings Releases
  FIRST BUSINESS FINANCIAL SERVICES, INC. reported full year 2022 results: net income $40.2 million, EPS $4.75.
  - Period: full year 2022
  - Net income: $40.2 million
  - EPS: $4.75
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm
- Earnings Releases
  FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended September 30, 2022 results: net income $10.6 million, EPS $1.25.
  - Period: quarter ended September 30, 2022
  - Net income: $10.6 million
  - EPS: $1.25
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm
- Earnings Releases
  FIRST BUSINESS FINANCIAL SERVICES, INC. reported full year 2021 results: net income $35.8 million, EPS $4.17.
  - Period: full year 2021
  - Net income: $35.8 million
  - EPS: $4.17
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm
- Earnings Releases
  FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended December 31, 2022 results: net income $9.9 million, EPS $1.18.
  - Period: quarter ended December 31, 2022
  - Net income: $9.9 million
  - EPS: $1.18
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm
- Earnings Releases
  FIRST BUSINESS FINANCIAL SERVICES, INC. reported quarter ended December 31, 2021 results: net income $8.6 million, EPS $1.01.
  - Period: quarter ended December 31, 2021
  - Net income: $8.6 million
  - EPS: $1.01
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000008/0001521951-23-000008-index.htm

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