First Busey Q2 net income $29.4M, EPS $0.52; NIM compresses to 2.86%, deposits up $261.6M

FIRST BUSEY CORP /NV/

2023-Q2 EPS reported $1.18

Diluted EPS $0.52 vs $0.65 in Q1; adjusted EPS excluding securities losses $0.55.
Net interest margin fell 27bps to 2.86% as deposit costs rose 49bps to 1.09%.
Total deposits grew $261.6M QoQ to $10.06B; short-term borrowings cut to $212M from $616M.
Classified assets declined to $81.9M, down $22M QoQ; non-performers remain low at 0.13% of assets.
Loan growth slowed to $21.5M in Q2; management expects further deceleration due to cautious outlook.

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 June 30, 2023 results: net income $29.4 million, EPS $0.52 per diluted common share.

Period: the quarter ended June 30, 2023
Net income: $29.4 million
EPS: $0.52 per diluted common share
Result: reported results

Exact text from the filing

Net income for First Busey Corporation (“First Busey” or the “Company”) was $29.4 million for the second quarter of 2023, or $0.52 per diluted common share

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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 0000314489-23-000080

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