secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0001521951-23-000078
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000152195123000078/0001521951-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000152195123000078/fbiz-20231026.htm
  HTML page:      https://secwatch.observer/filing/0001521951-23-000078

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