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Sep 30, 2021
First Busey Q3 2021 Earnings Report
First Busey's third quarter earnings were announced, showing a net income of $25.9 million and core organic loan growth.
Key Takeaways
First Busey Corporation reported a net income of $25.9 million, or $0.46 per diluted common share, for the third quarter of 2021. The company experienced solid core organic loan growth and growth in wealth management assets under care. Noninterest income accounted for 31.9% of total revenue, supported by growth in wealth management, customer service fees, and remittance processing.
Net income for the third quarter of 2021 was $25.9 million, or $0.46 per diluted common share.
Core organic loan growth, excluding PPP loans, was $177.1 million, or 2.6%, in the third quarter.
Wealth management assets under care reached $12.36 billion at September 30, 2021, representing 30.1% year-over-year growth.
Noninterest income, excluding security gains, accounted for 31.9% of total revenue in the third quarter of 2021.
Revenue by Segment
Forward Guidance
The Company remains steadfast in its commitment to the customers and communities it serves and feels confident that it is well positioned to continue to produce growth and profitability as we move into the final quarter of 2021 and into 2022.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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