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Jun 30, 2021
First Busey Q2 2021 Earnings Report
First Busey's net income decreased and acquisition of Cummins-American Corp. was finalized.
Key Takeaways
First Busey Corporation reported a net income of $29.8 million, or $0.53 per diluted common share, for the second quarter of 2021. The company finalized its acquisition of Cummins-American Corp. and experienced core organic loan growth. Wealth management assets under care increased, and non-interest income accounted for a significant portion of total revenue.
Net income for the second quarter of 2021 was $29.8 million, with diluted EPS of $0.53.
Adjusted net income for the second quarter of 2021 was $31.9 million, with adjusted diluted EPS of $0.57.
The acquisition of Cummins-American Corp. was finalized, enhancing the company’s presence in the Chicago metropolitan area.
Core organic loan growth, excluding GSB loans and PPP loans, was $142.0 million, or 2.3%, in the second quarter.
First Busey
First Busey
First Busey Revenue by Segment
Revenue by Segment
Wealth management fees Revenue
CapyFin.comMortgage Revenue
CapyFin.com Forward Guidance
The company is working towards a successful integration of GSB and anticipates improvement of efficiency enhancements and growth.