secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2023-04-27T23:59:59+00:00
Accession:  0001521951-23-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Business Bank Q1 net income $8.8M ($1.05 EPS); deposits up 57% annualized
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000152195123000035/0001521951-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000152195123000035/fbiz-20230427.htm
  HTML page:      https://secwatch.observer/filing/0001521951-23-000035

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