{"schema_version":"secwatch.filing_event.v1","accession":"0001521951-23-000035","form_type":"8-K","ticker":"FBIZ","cik":"0001521951","company_name":"FIRST BUSINESS FINANCIAL SERVICES, INC.","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:39.225868+00:00","generated_at":"2026-06-16T08:52:46.433268+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"First Business Bank Q1 net income $8.8M ($1.05 EPS); deposits up 57% annualized","bullets":["Net income available to common shareholders $8.8M, diluted EPS $1.05 (vs $1.18 in Q4 2022, $1.02 in Q1 2022).","Total deposits grew 56.9% annualized to $2.477B; in-market deposits hit record $2.055B, up 18% annualized.","Loans grew $96.3M or 15.8% annualized from Q4; total loans $2.539B, up 12.8% YoY.","Pre-tax, pre-provision (PTPP) income $13.3M, up 2.9% QoQ and 34.4% YoY; efficiency ratio 62.0%.","Non-performing assets remain low at 0.11% of total assets; tangible book value per share $29.19, up 12.8% annualized."],"urls":{"canonical":"https://secwatch.observer/filing/0001521951-23-000035","json":"https://secwatch.observer/filing/0001521951-23-000035.json","markdown":"https://secwatch.observer/filing/0001521951-23-000035.md","text":"https://secwatch.observer/filing/0001521951-23-000035.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000035/0001521951-23-000035-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000035/fbiz-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T08:52:46.433268+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":"e4d59b89351f40ad51b23ff8acba307791fc304c","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported first quarter 2023 results: net income $8.8 million, EPS $1.05 diluted earnings per share.","evidence_excerpt":"FIRST BUSINESS BANK REPORTS FIRST QUARTER 2023 NET INCOME OF $8.8 MILLION -- Strong and stable performance supported by robust growth in loans, deposits, and pre-tax, pre-provision income -- MADISON, Wis., April 27, 2023 (BUSINESS WIRE) -- First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $8.8 million, or $1.05 diluted earnings per share.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195123000035/0001521951-23-000035-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter 2023"},{"label":"Net income","value":"$8.8 million"},{"label":"EPS","value":"$1.05 diluted earnings per share"},{"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"}