First Busey Corporation reported a net income of $36.8 million for the first quarter of 2023, with diluted earnings per share of $0.65. Core loan growth was $58.2 million, representing a 3.10% annualized growth rate. The tangible common equity ratio increased to 7.05%, and the adjusted core efficiency ratio improved to 55.6%.
Diluted earnings per share of $0.65, a 27.5% increase compared with the first quarter of 2022
Core loan growth of $58.2 million, representing a 3.10% annualized growth rate
Non-performing assets of 0.13% of total assets
Adjusted core efficiency ratio of 55.6%, improved from 59.9% in the first quarter of 2022
The Company anticipates loan growth is likely to slow compared to results of the last twelve months and previous expectations.
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