secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSINESS FINANCIAL SERVICES, INC. (FBIZ)
CIK:        0001521951
Form:       8-K
Filed at:   2024-01-25T23:59:59+00:00
Accession:  0001521951-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1521951/000152195124000005/0001521951-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1521951/000152195124000005/fbiz-20240125.htm
  HTML page:      https://secwatch.observer/filing/0001521951-24-000005

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