---
schema_version: "secwatch.filing_event.v1"
accession: "0001521951-24-000005"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2024-01-25T23:59:59+00:00"
generated_at: "2026-06-06T18:17:13.576476+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001521951-24-000005
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2024-01-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000005/0001521951-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000005/fbiz-20240125.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-24-000005
- JSON: https://secwatch.observer/filing/0001521951-24-000005.json
- Plain text: https://secwatch.observer/filing/0001521951-24-000005.txt

## Key facts
- Earnings Releases
  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
  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 $9.6 million, or earnings per share of $1.15 on a diluted basis.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000005/0001521951-24-000005-index.htm

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