First Business Financial Q4 net income $9.6M ($1.15 EPS), deposits up 21% annualized; NIM compresses to 3.69%

FIRST BUSINESS FINANCIAL SERVICES, INC.

2021-FY EPS reported $4.33

Net income available to common $9.6M, diluted EPS $1.15, vs $1.17 in Q3 and $1.18 in Q4 2022.
Total deposits grew $139.8M (21% annualized) from Q3; in-market deposits hit record $2.34B.
Loans increased $86.2M (12.5% annualized) from Q3; full-year loan growth 16.7% to $2.85B.
Pre-tax pre-provision adjusted earnings record $15.3M, up 17.8% YoY; tangible book value per share $31.94, up 12.9% YoY.
Non-performing assets rose to $20.8M (0.59% of assets) from $3.8M a year ago; provision for credit losses $2.6M vs $0.7M.

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 December 31, 2023 results: net income $9.6 million, EPS $1.15 on a diluted basis.

Period: the quarter ended December 31, 2023
Net income: $9.6 million
EPS: $1.15 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 $9.6 million, or earnings per share of $1.15 on a diluted basis.

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FIRST BUSINESS FINANCIAL SERVICES, INC. filing history →

Source: SEC EDGAR

accession 0001521951-24-000005

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