earnings
confidence high
sentiment positive
materiality 0.75
First Busey Q2 net income $63.2M, adjusted EPS $0.69; wealth management fees record
FIRST BUSEY CORP /NV/
- Q2 GAAP net income $63.2M ($0.69 diluted EPS); adjusted EPS $0.69, up 9.5% YoY.
- Adjusted net interest margin 3.62%, up 29 bps YoY; efficiency ratio improved to 54.0%.
- Wealth management fees record $19.98M; assets under care $16.51B, up from $14.10B YoY.
- Tangible book value per share $20.40, up 6.4% YoY; CET1 ratio 12.53%.
- Share repurchases $63.1M in Q2; net charge-offs low at 0.19% annualized.