secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2023-07-27T23:59:59+00:00
Accession:  0001521951-23-000060
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000152195123000060/0001521951-23-000060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000152195123000060/fbiz-20230727.htm
  HTML page:      https://secwatch.observer/filing/0001521951-23-000060

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