First Busey Q4 net income $34.4M ($0.61 EPS); adjusted EPS $0.65; NIM 3.24%

FIRST BUSEY CORP /NV/

2022-FY EPS reported $2.29 revenue$450,241,000

GAAP net income $34.4M ($0.61 diluted EPS); adjusted net income $36.3M ($0.65 diluted EPS).
Net interest margin expanded 24 bps QoQ to 3.24%, driven by higher loan yields and deposit repricing.
Core loan growth of $56.2M (2.90% annualized); non-performing assets at 0.13% of total assets.
FirsTech revenue grew 9.2% YoY to $5.4M; Durbin Amendment reduced debit card fee income by $2.4M.
Efficiency optimization plan targets $4.0-4.1M annual salary savings; FirsTech CEO replaced by Robin Elliott.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST BUSEY CORP /NV/ reported the quarter ended December 31, 2022 results: net income $34.4 million, EPS $0.61 per diluted common share.

Period: the quarter ended December 31, 2022
Net income: $34.4 million
EPS: $0.61 per diluted common share
Result: reported results

Exact text from the filing

Net income for First Busey Corporation ("First Busey" or the "Company") for the fourth quarter of 2022 was $34.4 million, or $0.61 per diluted common share

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST BUSEY CORP /NV/ reported for the full year 2022 results: net income $128.3 million, EPS $2.29 per diluted common share.

Period: for the full year 2022
Net income: $128.3 million
EPS: $2.29 per diluted common share
Result: reported results

Exact text from the filing

Net income and adjusted net income 3 were $128.3 million, or $2.29 per diluted common share, and $131.9 million, or $2.35 per diluted common share, respectively.

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST BUSEY CORP /NV/ filing history →

Source: SEC EDGAR

accession 0000314489-23-000006

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