---
schema_version: "secwatch.filing_event.v1"
accession: "0001521951-23-000060"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2023-07-27T23:59:59+00:00"
generated_at: "2026-06-13T00:24:47.865094+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001521951-23-000060
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2023-07-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1521951/000152195123000060/0001521951-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000060/fbiz-20230727.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-23-000060
- JSON: https://secwatch.observer/filing/0001521951-23-000060.json
- Plain text: https://secwatch.observer/filing/0001521951-23-000060.txt

## Key facts
- Earnings Releases
  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
  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 $8.1 million, or $0.98 diluted earnings per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000060/0001521951-23-000060-index.htm

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