{"schema_version":"secwatch.filing_event.v1","accession":"0001521951-24-000028","form_type":"8-K","ticker":"FBIZ","cik":"0001521951","company_name":"FIRST BUSINESS FINANCIAL SERVICES, INC.","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:18.806631+00:00","generated_at":"2026-06-03T07:54:16.378376+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"First Business Bank Q1 net income $8.6M ($1.04 EPS); loan growth 8.5% annualized, NIM compresses","bullets":["Net income available to common shareholders $8.6M, diluted EPS $1.04, down from $1.15 in Q4 2023 and flat YoY.","Loans grew $60.6M (8.5% annualized QoQ) and $371.5M YoY; average core deposits rose 17.6% annualized to record $2.346B.","Net interest margin (GAAP) 3.58% vs 3.69% Q4 2023 and 3.86% Q1 2023; adjusted NIM also compressed.","Tangible book value per share $32.97, up 12.9% annualized from $31.94 in Q4 2023 and 13% YoY.","Non-performing assets $20.1M (0.57% of assets) vs $3.5M (0.11%) a year ago; provision for credit losses $2.3M."],"urls":{"canonical":"https://secwatch.observer/filing/0001521951-24-000028","json":"https://secwatch.observer/filing/0001521951-24-000028.json","markdown":"https://secwatch.observer/filing/0001521951-24-000028.md","text":"https://secwatch.observer/filing/0001521951-24-000028.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1521951/000152195124000028/0001521951-24-000028-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1521951/000152195124000028/fbiz-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:54:16.378376+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"242d7bf8afe60176476a3ec466d4c46e05b2e68c","claim":"FIRST BUSINESS FINANCIAL SERVICES, INC. reported financial results for the quarter ended March 31, 2024.","evidence_excerpt":"On April 25, 2024, First Business Financial Services, Inc. (the “Company”) announced its earnings for the quarter ended March 31, 2024.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1521951/000152195124000028/0001521951-24-000028-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2024"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}