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Midas Edge

FIRST BUSINESS FINANCIAL SERVICES INC

For the period ended Dec 31, 2024. Filed Feb 26, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2024 · Filed Feb 26, 2025

FBIZ$75.81+2.2%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Table of Contents

FIRST BUSINESS FINANCIAL SERVICES, INC.

INDEX — FORM 10-K

PART I1
Item 1. Business1
Item 1A. Risk Factors18
Item 1B. Unresolved Staff Comments32
Item 1C. Cybersecurity32
Item 2. Properties33
Item 3. Legal Proceedings34
Item 4. Mine Safety Disclosures34
PART II34
Item 5. Market for Registrant’s Common Equity, Related Shareholder Matters and Issuer Purchases of Equity Securities34
Item 6. [Reserved]36
Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations37
Item 7A. Quantitative and Qualitative Disclosures about Market Risk63
Item 8. Financial Statements and Supplementary Data64
Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure120
Item 9A. Controls and Procedures120
Item 9B. Other Information120
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections120
PART III121
Item 10. Directors, Executive Officers and Corporate Governance121
Item 11. Executive Compensation121
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Shareholder Matters121
Item 13. Certain Relationships and Related Transactions, and Director Independence122
Item 14. Principal Accountant Fees and Services122
PART IV123
Item 15. Exhibits and Financial Statements Schedules123
Signatures125
ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.