---
schema_version: "secwatch.filing_event.v1"
accession: "0001521951-23-000078"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2023-10-26T23:59:59+00:00"
generated_at: "2026-06-09T08:29:59.829170+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001521951-23-000078
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2023-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000078/0001521951-23-000078-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000078/fbiz-20231026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-23-000078
- JSON: https://secwatch.observer/filing/0001521951-23-000078.json
- Plain text: https://secwatch.observer/filing/0001521951-23-000078.txt

## Key facts
- Earnings Releases
  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
  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 $9.7 million, or earnings per share of $1.17 on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000078/0001521951-23-000078-index.htm

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