First Business Bank Q2 2023 EPS $0.98, down 24% YoY; loan growth robust

FIRST BUSINESS FINANCIAL SERVICES, INC.

2023-Q2 EPS reported $2.02

Net income available to common $8.1M ($0.98 diluted EPS) vs $10.96M ($1.29) Q2 2022.
Loans grew $135.2M (+21.3% annualized QoQ); total deposits up 35.3% YoY.
NIM 3.81%, up 10 bps YoY; PTPP income rose 24.2% YoY to $13.5M.
NPAs jumped to $15.8M from $3.5M linked Q due to one ABL default; no expected loss.
Tangible book value per share $29.89, up 12.3% YoY.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

FIRST BUSINESS FINANCIAL SERVICES, INC. reported the quarter ended June 30, 2023 results: net income $8.1 million, EPS $0.98 diluted earnings per share.

Period: the quarter ended June 30, 2023
Net income: $8.1 million
EPS: $0.98 diluted earnings per share
Result: reported results

Exact text from the filing

First Business Financial Services, Inc. (the “Company”, the “Bank”, or “First Business Bank”) (Nasdaq:FBIZ) reported quarterly net income available to common shareholders of $8.1 million, or $0.98 diluted earnings per share.

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FIRST BUSINESS FINANCIAL SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001521951-23-000060

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