FBIZ — what changed in the latest 10-Q
A section-by-section comparison of FBIZ's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-04-24 vs the prior 10-Q · 2025-10-31
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +43 | −41 | ~58 | 45 |
| Market risk (Item 3) | Text added/removed | 0 | 0 | ~1 | 3 |
| Controls & procedures | Text added/removed | 0 | −1 | ~2 | 0 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-04-24
Net income available to common shareholders totaled $12.0 million, or diluted earnings per share of $1.44, for the three months ended March 31, 2026, compared to $11.0 million, or diluted earnings per share of $1.32, for the same period in 2025.
Annualized return on average assets (“ROAA”) for the three months ended March 31, 2026 measured 1.13% compared to 1.14% for the same period in 2025.
Efficiency ratio measured 61.14% for the three months ended March 31, 2026, compared to 60.28% for the same period in 2025.
Pre-tax, pre-provision (“PTPP”) adjusted earnings, which excludes certain one-time and discrete items, for the three months ended March 31, 2026 was $17.2 million, compared to $16.2 million in the same period in 2025.
Net interest margin was 3.56% for the three months ended March 31, 2026 compared to 3.69% for the same period in 2025.
Text removed vs the prior filing · source: 10-Q · 2025-10-31
Net income available to common shareholders totaled $14.2 million, or diluted earnings per share of $1.70, for the three months ended September 30, 2025, compared to $10.3 million, or diluted earnings per share of $1.24, for the same period in 2024. Net income available to common shareholders totale…
Annualized return on average assets (“ROAA”) for the three months ended September 30, 2025 measured 1.40% compared to 1.13% for the same period in 2024. Annualized ROAA for the nine months ended September 30, 2025 measured 1.23% compared to 1.08% for the same period in 2024.
Pre-tax, pre-provision (“PTPP”) adjusted earnings, which excludes certain one-time and discrete items, for the three months ended September 30, 2025 was $18.9 million, compared to $15.4 million in the same period in 2024. PTPP for the nine months ended September 30, 2025 was $51.1 million, compared …
Fees in lieu of interest ("FILOI"), defined as prepayment fees, asset-based loan fees, non-accrual interest, and loan fee amortization, totaled $2.2 million for the three months ended September 30, 2025, compared to $1.0 million for the same period in 2024. FILOI totaled $5.9 million for the nine mo…
Net interest margin was 3.68% for the three months ended September 30, 2025 compared to 3.64% for the same period in 2024. Net interest margin was 3.68% for the nine months ended September 30, 2025 compared to 3.62% for the same period in 2024.
Controls & procedures
Text removed vs the prior filing · source: 10-Q · 2025-10-31
2025 that has materially affected, or is reasonably likely to materially affect, the Corporation’s internal control over financial reporting.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice