---
schema_version: "secwatch.filing_event.v1"
accession: "0001521951-24-000037"
form_type: "8-K"
ticker: "FBIZ"
cik: "0001521951"
company_name: "FIRST BUSINESS FINANCIAL SERVICES, INC."
filed_at: "2024-04-30T23:59:59+00:00"
generated_at: "2026-06-03T04:21:11.990940+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.35
calibrated_materiality_score: 0.35
confidence: "high"
source: SEC EDGAR
---

# First Business Financial approves $5M share repurchase program, no immediate plans to execute

## Summary
- Board authorized up to $5 million in common stock repurchases with no expiration date.
- Company states it has no immediate plans to use the program despite robust balance sheet growth.
- CEO Corey Chambas cites capital management flexibility and ability to enhance shareholder value.
- Rule 10b5-1 trading plan anticipated at appropriate time for repurchases during blackout periods.
- Repurchases may occur in open market or negotiated transactions, subject to market conditions and regulations.

## SEC filing metadata
- accession: 0001521951-24-000037
- form_type: 8-K
- ticker: FBIZ
- cik: 0001521951
- company_name: FIRST BUSINESS FINANCIAL SERVICES, INC.
- filed_at: 2024-04-30T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.35
- calibrated_materiality_score: 0.35
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000037/0001521951-24-000037-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1521951/000152195124000037/fbiz-20240426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001521951-24-000037
- JSON: https://secwatch.observer/filing/0001521951-24-000037.json
- Plain text: https://secwatch.observer/filing/0001521951-24-000037.txt

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