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Dec 31, 2022
First Busey Q4 2022 Earnings Report
Reported a net income of $34.4 million and diluted EPS of $0.61.
Key Takeaways
First Busey Corporation reported a net income of $34.4 million, or $0.61 per diluted common share, for the fourth quarter of 2022. Adjusted net income was $36.3 million, or $0.65 per diluted common share. The net interest margin reflected a 24-basis point increase over the prior quarter, and core loan growth was $56.2 million.
Adjusted quarterly net income of $36.3 million and adjusted diluted EPS of $0.65.
Net interest margin of 3.24% reflects a 24-basis point increase over prior quarter.
Core loan growth of $56.2 million, representing a 2.90% annualized growth rate.
Non-performing assets of 0.13% of total assets and allowance for credit losses of 582.01% of nonperforming loans.
First Busey
First Busey
Forward Guidance
First Busey feels confident that they are well positioned to navigate these uncertain times while continuing to produce quality growth and profitability as they look ahead to 2023.