---
schema_version: "secwatch.filing_event.v1"
accession: "0001521951-24-000007"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2024-01-26T23:59:59+00:00"
generated_at: "2026-06-06T16:32:15.462743+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# FBIZ Q4 2023 net income $9.6M; in-market deposits up 27%, loans up 13%

## Summary
- Net income $9.6M; pre-tax pre-provision ROAA 1.77%; tangible book value per share +14% annualized.
- In-market deposits grew 27.4% annualized from Q3 2023 and 19% from a year ago.
- Loans grew 12.5% annualized from Q3 and 16.7% year-over-year; net interest margin 3.69%.
- 2019-2023 strategic plan goals largely achieved: ROACE 13.79% vs 13.5% target; fee income ratio 21.76%.
- Non-performing assets 0.34% of total assets excluding one fully collateralized ABL loan; isolated transport sector weakness.

## SEC filing metadata
- accession: 0001521951-24-000007
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2024-01-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000007/0001521951-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000007/fbiz-20240126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-24-000007
- JSON: https://secwatch.observer/filing/0001521951-24-000007.json
- Plain text: https://secwatch.observer/filing/0001521951-24-000007.txt

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