First Business Bank Q3 net income $9.7M ($1.17 EPS); loans up 13.4% annualized

FIRST BUSINESS FINANCIAL SERVICES, INC.

2023-Q3 EPS reported $3.19

Net income $9.7M vs $10.6M in Q3 2022; diluted EPS $1.17 vs $1.25.
Loans grew $89.4M (13.4% annualized) from Q2; in-market deposits up $115.5M (22.3%).
Net interest income $28.6M, up 3.1% linked quarter; adjusted NIM 3.66%, up 3 bps.
Pre-tax pre-provision income $14.1M, up 4.5% from Q2; tangible book value per share up 13% annualized.
Completed $15M subordinated debt offering; expects loan growth moderation in 2024.

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 0.9

FIRST BUSINESS FINANCIAL SERVICES, INC. reported the quarter ended September 30, 2023 results: net income $9.7 million, EPS $1.17 on a diluted basis.

Period: the quarter ended September 30, 2023
Net income: $9.7 million
EPS: $1.17 on a diluted basis
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 $9.7 million, or earnings per share of $1.17 on a diluted basis.

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FIRST BUSINESS FINANCIAL SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001521951-23-000078

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