---
schema_version: "secwatch.filing_event.v1"
accession: "0001521951-23-000095"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2023-12-07T23:59:59+00:00"
generated_at: "2026-06-07T16:14:08.573381+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Business Financial details 5-year strategic plan results; cumulative TSR exceeds 50% over period

## Summary
- Cumulative TSR over five years ended Sep 30, 2023 exceeded 50%, versus peer median -8% and Russell 2000 +13%.
- Revenue per FTE grew 38% to $429K (annualized Q3 2023); peer group $285K.
- Private Wealth AUM/AUA grew 79% since 2018; Treasury Management charges up 53%.
- Core deposit growth double-digit amid 2023 banking turmoil; loan growth also double-digit.
- PTPP adjusted ROAA expanded to 1.74% in 2023 YTD from 1.45% in 2018.

## SEC filing metadata
- accession: 0001521951-23-000095
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2023-12-07T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000095/0001521951-23-000095-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000152195123000095/fbiz-20231207.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-23-000095
- JSON: https://secwatch.observer/filing/0001521951-23-000095.json
- Plain text: https://secwatch.observer/filing/0001521951-23-000095.txt

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