Busey Q2 net income $27.4M, adj. EPS $0.50; NIM expands to 3.03%

FIRST BUSEY CORP /NV/

2024-Q2 EPS reported $0.94 revenue$227,002,000

Diluted EPS $0.47 GAAP ($0.50 adjusted); net income $27.4M, up from $26.2M in Q1 but down from $29.4M a year ago.
Net interest margin improved 24 bps to 3.03% on tax-equiv basis; core deposits 96.4% of total deposits.
Wealth management fees $15.9M and FirsTech $5.9M — both record quarterly revenue.
Completed M&M acquisition April 1; integrated June 21; added $418.7M loans and $392.8M deposits at fair value.
Tangible book value $16.97 (+11.3% YoY); CET1 ratio 13.19%; common dividend $0.24/share.

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