Slide 1: Busey: Your Dream. Our Promise
@Busey Your Dream. Our Promise
Slide 2: Busey's History & Heritage
Busey’s History & Heritage d our doors in 1868. Our founders were leaders that understood r promise began when we first ope the significance of economic prosperity and the importance of bettering the community. They offered nesses, build homes and start families. more than a bank—they enabled a mean
Slide 3: History timeline 1997-2014
1997 Busey ebank i au becomes neacauerter for Busey {tony exceeds $1 lion, 2007 First Busey and Main Street July 34, 2007—Ven A, Oukeman combined organi the frst inthe baniong indiry te leunch media banking—text (nd Buteye Mobile App—alowing ‘customers the abil #9 menage Fret Busey Corporation merge
Slide 4: 2016 Priorities
2016 : • Balance Sheet Strength • Maintain Organic Growth • Entry Into St. Louis - Pulaski • Build Out Indianapolis • Continue Culture Enhancements
Slide 5: Busey Summary
Busey Summary - Founded in 1868 - Same Name, Same Charter - Built on Numerous Acquisitions in Central Illinois - Two Banks - Busey Bank and Pulaski Bank - Busey Bank - $3.9 Billion - 28 Illinois Branches, 1 Indianapolis, 6 Southwest Florida - Pulaski Bank - $1.6 Billion - Acquired April 30, 2016 - 1
Slide 6: Balance Sheet Strength
Balance Sheet Strength - Balance Sheet Strength, Profitability and Growth . . . In that Order - Asset Quality Solid - Q1 2016 - ALL to Loans - 1.75% - ALL to NPLs - 253.5% - Classified Assets Ratio - 15.5% - NPL Largely Consist of Three Credits - Strong Capital Base - Q1 2016 - Redeemed SBLF Q4 2015
Slide 7: Balance Sheet Strength
Balance Sheet Strength - Balance Sheet Strength, Profitability and Growth . . . In that Order - Solid Core Funding Base - Q1 Cost of Deposits - 14 bps - 24% Non-interest Bearing Deposits
Slide 8: Loan Growth
Loan Growth - Strategic Investment in 2011 and 2012 into Commercial Organic Growth - Compounded Annual Growth Rate YE 2011 to YE 2015 - 5.6% - Ex-Q1 2015 Herget Acquisition - Herget All Cash Acquisition, Contributed ~$90 million in Loans - Seasonal Q1 Annual Decline - Typically 1.5%-2.0% Loan Balanc
Slide 9: Non-Interest Income
Non-Interest Income - 36.1% of Total Revenue is Non-Interest Income 1 - 14.2% Revenues from Wealth Management - 6.7% Revenues from FirsTech - Busey Wealth Management 2 - $23.9 Million Revenue - $7.9 Million Pre-tax Margin - FirsTech 2 - $11.4 Million Revenue 3 - $2.9 Million Pre-tax Margin 1 - At Ma
Slide 10: Net Income and Earnings Per Share
li Net Income —Earnings Per Share $45 tnvestment $1.40 Commercial Banking 2011 2012 2013 2014 2015
Slide 11: Busey and Pulaski Financial Corp.
Busey Your Dream. Our Promise. Pulaski Financial Corp.
Slide 12: Strategically Compelling, Financially Attractive, Low Risk
Strategically Compelling Financially Attractive Low Risk Transaction Rationale q Comprehensive due diligence process and thorough loan review completed q PULB has an experienced and deep management team to assist in post merger operations, integration, and market expansion q PULB has a similar cultu
Slide 13: Earnings, Tangible Book Value and Capital Ratios
Earnings, Tangible Book Value and Capital Ratios Transaction Pro Forma Financial Implications Earnings Accretion 1st Full Year of Operations 10% - 12% Tangible Book Value Dilution at Close 3.8% Tangible Book Value Per Share Earn Back at Close ~3 years 8.2% Pro Forma Tier 1 Common Ratio 10.5% Pro For
Slide 14: Transaction Meets All M&A Disciplines
Key Attributes PULB Rationale1 Key Attributes PULB Rationale1 ü q Complementary culture ü Similar culture, efficient transition q Accretive to EPS ü Immediately accretive to earnings excluding transaction costs, first full year accretion approximately 10% - 12% q Conservative credit marks and reason
Slide 15: Indianapolis
Indianapolis 14 - Presence in Indianapolis for Over 20 Years - $210MM + In Loans - $40MM Deposits - Hired Experienced Market President April 2016 - First Full Service Location January 2017
Slide 16: Continued Culture Enhancements
Continued Culture Enhancements - Associates - Full Training Program for Vast Majority of Associates - Wellness Program with over 75% Adoption - 4.15 of 5 Associate Engagement Score (Gallup), Up 0.3% from Prior Year - Customers - Net Promoter Score - Widely Used Customer Promoter Score - Results and