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Dec 31, 2021
First Busey Q4 2021 Earnings Report
First Busey's Q4 2021 earnings were announced, indicating solid financial results and strategic growth.
Key Takeaways
First Busey Corporation reported a net income of $29.9 million and diluted EPS of $0.53 for Q4 2021. Adjusted net income was $34.3 million, with adjusted diluted EPS at $0.61. The company experienced core loan growth and an increase in wealth management assets under care.
Net income for Q4 2021 was $29.9 million, with a diluted EPS of $0.53.
Adjusted net income for Q4 2021 reached $34.3 million, resulting in an adjusted diluted EPS of $0.61.
Core loan growth, excluding PPP loans, was $141.6 million, representing a 2.0% increase in Q4.
Wealth management assets under care increased to $12.73 billion as of December 31, 2021, a 24.5% year-over-year growth.
Revenue by Segment
Forward Guidance
The Company reported solid fourth quarter results, which are reflective of our strategic growth plans. Despite headwinds related to the COVID-19 Omicron variant, supply chain issues, and inflation, the economy continues to improve, and we feel confident that we are well positioned to produce growth and profitability as we move forward.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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