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Mar 31, 2023
First Busey Q1 2023 Earnings Report
First Busey reported first quarter net income and diluted EPS.
Key Takeaways
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
Revenue by Segment
Forward Guidance
The Company anticipates loan growth is likely to slow compared to results of the last twelve months and previous expectations.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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