First Busey Q1 net income $36.8M, EPS $0.65; raises dividend to $0.24

FIRST BUSEY CORP /NV/

2023-Q1 EPS reported $0.65

EPS of $0.65, up 27.5% YoY; net income $36.8M vs $28.4M in Q1 2022.
Core loan growth of $58.2M (3.10% annualized); core deposits 97.9% of total deposits.
Non-performing assets remain low at 0.13% of total assets; allowance coverage 602.91% of NPLs.
Quarterly dividend increased to $0.24 per share from $0.23.
Deposit base stable during March stress; net outflows of only $22.3M from March 8-31.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST BUSEY CORP /NV/ reported the quarter ended March 31, 2023 results: net income $36.8 million, EPS $0.65 per diluted common share.

Period: the quarter ended March 31, 2023
Net income: $36.8 million
EPS: $0.65 per diluted common share
Result: reported results

Exact text from the filing

Net income for First Busey Corporation (“First Busey” or the “Company”) was $36.8 million for the first quarter of 2023, or $0.65 per diluted common share

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FIRST BUSEY CORP /NV/ filing history →

Source: SEC EDGAR

accession 0000314489-23-000018

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