Slide 1: Q2 2025 Earnings Investor Presentation
Q2 2025 EARNINGS INVESTOR PRESENTATION July 22, 2025
Slide 2: Forward-Looking Statements
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 2 Forward-Looking Statements Forward-Looking Statements This presentation may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to First Busey Corpora
Slide 3: Table of Contents
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 3 Table of Contents Overview of First Busey Corporation (BUSE) 4 2Q25 Review 5 Appendix: 28 Investment Highlights 6 Experienced Management Team 29 Diversified Company with Comprehensive & Innovative 7 Fully Integrated Wealth
Slide 4: Overview of First Busey Corporation
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 4 Overview of First Busey Corporation (NASDAQ: BUSE) Premier Commercial Banking Franchise $18.9 Billion $2.2 Billion Total Assets Market Cap Full-service Trust Company $14.1 Billion 15.8% 1 157+ year old financial institution
Slide 5: 2Q25 Review
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 5 2Q25 Review 2Q25 Key Initiatives ▪ Successful merger of CrossFirst Bank ($7.5 billion in assets) into Busey Bank CrossFirst Transaction Strategic Highlights on 6/20/25. Acquisition of CrossFirst Bankshares was completed on
Slide 6: Investment Highlights
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 6 Investment Highlights Financial Highlights Powerful Combination of Banking, Wealth, and Payments Business Lines KRX Median 2023 2024 2Q25 2 MRQ $ in millions ▪ Sizable business lines provide for a full suite of solutions fo
Slide 7: Diversified Company with Comprehensive & Innovative Financial Solutions
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 7 Diversified Company with Comprehensive & Innovative Financial Solutions Payment platform that enables the Full suite of diversified financial Wealth & asset management services collection of payments across a products for i
Slide 8: Combined Markets Ripe for Growth
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 8 Combined Markets Ripe for Growth 1 8 1 Market Nominal GDP as of 2023 per FRED, Federal Reserve Bank of St. Louis | Note: Does not include markets with populations under 500,000 Source: S&P Capital IQ Pro; Census.gov; BEA.go
Slide 9: Compelling Regional Operating Model
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 9 Compelling Regional Operating Model Integrated enterprise-wide go-to-market strategy focused on combining the power of commercial & wealth to provide a broad set of financial solutions to well-capitalized individuals and th
Slide 10: Earnings Performance
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 10 Earnings Performance 1 1 Adjusted Net Income & Earnings Per Share Adjusted ROATCE & Adjusted ROAA $ in millions $57.2 13.6% 12.9% 13.2% 11.9% 10.6% $39.9 $0.63 1.21% $32.9 $30.5 $30.9 $0.57 $0.57 1.09% 1.09% 1.02% 1.02% $0
Slide 11: Fortress Balance Sheet
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 11 Fortress Balance Sheet ▪ Diversified portfolio, by sector and geographically, conservatively underwritten with low levels of concentration High Quality, Resilient 1 ▪ Non-performing (0.31% of total assets) and classified a
Slide 12: Steadily Building Franchise Value
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 12 Steadily Building Franchise Value Ten years of cultivating long-term value through varied economic environments 1 BUSE Tangible Common Book Value / Share (ex-AOCI) $20.92 20 +6.3% 10-Year CAGR Dividend $26.5 million payout
Slide 13: High Quality, Diversified Loan Portfolio
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 13 High Quality, Diversified Loan Portfolio Loan Portfolio Composition Loan Yield Consolidation of CrossFirst into Net New Funding Yield Loan Yield SOFR 30D HELOC Busey resulted in a diversified 2% Other 4% commercial portfol
Slide 14: High Quality Loan Portfolio: CRE
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 14 High Quality Loan Portfolio: CRE 1 Investor Owned CRE Loans by Property Type Owner Occupied CRE Loans by Property Type $ in millions 6/30/25 6/30/25 % of Total Classified $ in millions 6/30/25 Property Type Balances Loans
Slide 15: High Quality Loan Portfolio: C&I
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 15 High Quality Loan Portfolio: C&I C&I Loans by Sector ▪ 32% of total loan portfolio $ in millions 6/30/25 6/30/25 % of Total Classified NAICS Sector Balances Loans Balances ▪ Legacy CrossFirst Bank contributed 50%+ of total
Slide 16: Credit Profile Bolstered by Strong Reserves
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 16 Credit Profile Bolstered by Strong Reserves 1.33% 1.41% Allowance Allowance to Loans to Loans $195.2 $12.8 $183.3 -$1.6 -$11.8 Majority represented -$11.3 by charge-off of one Non-PCD provision to Release primarily C&I cre
Slide 17: Pristine Credit Quality
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 17 Pristine Credit Quality 1 Classifieds / Capital ▪ Conservative underwriting structures have resulted in a legacy of $ in millions pristine credit quality Bank Tier 1 Capital + ACL Classified/Capital ▪ Strong portfolio mana
Slide 18: Top Tier Core Deposit Franchise
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 18 Top Tier Core Deposit Franchise Deposit Portfolio Composition Total Deposits & Loan-to-Deposit Ratio $ in millions Core Deposits 1 $16,459 $15,801 Notable $422 million decrease Int DDA 92.5% $15,993 in “Other” with targete
Slide 19: Deposit Cost Trends
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 19 Deposit Cost Trends Total Cost of Deposits vs. Peers ▪ Post-acquisition of CrossFirst, implemented balance sheet optimization strategy with reduction of wholesale and other Busey KRX Median high-cost non-relationship fundi
Slide 20: Net Interest Margin
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 20 Net Interest Margin 1 1 Net Interest Income Trend Net Interest Margin Trend $ in millions $154.0 Earning Assets Cost of Funds NIM Accretion $7.1 5.63% 4.90% 5.08% 4.83% 4.75% $104.3 NIM excluding 3.49% accretion $82.9 $83.
Slide 21: Diversified and Significant Sources of Noninterest Income
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 21 Diversified and Significant Sources of Noninterest Income 1 Adjusted Noninterest Income / Operating Revenue 20.2% Adjusted Noninterest Income / Total Revenue $ in millions $192.0 2Q25 adjusted noninterest income contribute
Slide 22: Wealth Management
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 22 Wealth Management 1 Wealth - Revenue and Pre-tax Income ▪ Assets Under Care (AUC) of $14.1 billion, a QoQ increase of $0.4 billion and a YoY increase of $1.1 billion, or +8% $ in millions $17.0 $17.6 $17.0 $16.1 $16.2 ▪ 2Q
Slide 23: FirsTech
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 23 FirsTech $21.7 ▪ 2Q25 segment revenue of $5.4 million LTM ▪ Shift to new go-to-market strategy in 3Q24 1 Revenue Integrated that is focused on key competencies of million Receivables Merchant Processing integrated receivab
Slide 24: Balanced, Low-Risk, Short Duration Investment Portfolio
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 24 Balanced, Low-Risk, Short Duration Investment Portfolio Investment Portfolio Composition Securities Portfolio - Amortized Cost vs. TE Yield $ in millions $3,290 $3,214 $2,937 $2,882 CMOs $2,859 $815 $803 30% 94% of Municip
Slide 25: Actively Managing Well-Positioned Balance Sheet
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 25 Actively Managing Well-Positioned Balance Sheet Rate Structures of Loan Portfolio in 2Q25 Net Interest Income Rate Sensitivity Recent launch of loan pricing software has further driven focus on Balance sheet well-positione
Slide 26: Focused Control on Expenses
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 26 Focused Control on Expenses Noninterest Expense $ in millions Expenses ex-Acq. Acquistion & Restruct. Exp. Adj. Efficiency Ratio¹ ▪ Efficiency gains accelerated with integration of CrossFirst Bank into Busey ▪ Continue to
Slide 27: Robust Capital Foundation
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 27 Robust Capital Foundation Capital position remains robust even after impact from the strategic deployment of capital for the CrossFirst acquisition and Busey’s active share repurchase program ($21.7 million and $4.8 millio
Slide 28: Appendix
Appendix Busey , FIRST BUSEY CORPORATION
Slide 29: Experienced Management Team
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 29 Experienced Management Team Van A. Dukeman Mike J. Maddox Chairman & CEO of Vice Chairman & President of Amy L. Randolph First Busey Corporation First Busey Corporation EVP & Chief Operating Officer Chairman of Busey Bank
Slide 30: Fully Integrated Wealth Platform
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 30 Fully Integrated Wealth Platform $14.1 Billion $67.7 Million 45.7% 1 As of 6/30/25 Assets Under Care LTM Revenue PT Margin LTM I. Client-Focused Strategy II. Team-Based Approach III. Comprehensive Wealth Management Core Tr
Slide 31: FirsTech, A Uniquely Positioned Payment Technology Company
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 31 FirsTech, A Uniquely Positioned Payment Technology Company $11 Billion 45 Million $21.7 Million 1 As of 6/30/25 Payments Processed LTM Transactions Processed LTM LTM Revenue Payments Segments Integrated Receivables Electro
Slide 32: FirsTech, A Uniquely Positioned Payment Technology Company
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 32 FirsTech, A Uniquely Positioned Payment Technology Company Verticals & Products Through continued growth of the Busey/FirsTech relationship and new opportunities for collaboration, FirsTech is uniquely positioned to levera
Slide 33: Purchase Accounting Projections
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 33 Purchase Accounting Projections Estimated accretion schedule of loan discounts based on anticipated contractual cash flows assuming forward curve In addition to CrossFirst Bankshares acquisition completed 3/1/25, these pro
Slide 34: Non-GAAP Financial Information
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 34 Non-GAAP Financial Information This presentation contains certain financial information determined by methods other than U.S. Generally Accepted Accounting Principles (“GAAP”). Management uses these non-GAAP measures, toge
Slide 35: Non-GAAP Financial Information (Unaudited)
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 35 Non-GAAP Financial Information (Unaudited) Pre-Provision Net Revenue and Related Measures Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, (dollars in thousands) 2025 2025 2024 2025 2024 Ne
Slide 36: Non-GAAP Financial Information (Unaudited)
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 36 Non-GAAP Financial Information (Unaudited) Adjusted Net Income, Average Tangible Common Equity, and Related Ratios Three Months Ended Six Months Ended June 30, March 31, June 30, June 30, June 30, (dollars in thousands, ex
Slide 37: Non-GAAP Financial Information (Unaudited)
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 37 Non-GAAP Financial Information (Unaudited) Tax-Equivalent Net Interest Income, Adjusted Net Interest Income, Net Interest Margin, and Adjusted Net Interest Margin Three Months Ended Six Months Ended June 30, March 31, June
Slide 38: Non-GAAP Financial Information (Unaudited)
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 38 Non-GAAP Financial Information (Unaudited) Adjusted Noninterest Income, Revenue Measures, Adjusted Noninterest Expense, Efficiency Ratios, and Adjusted Noninterest Expense to Average Assets Three Months Ended Six Months En
Slide 39: Non-GAAP Financial Information (Unaudited)
2Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 39 Non-GAAP Financial Information (Unaudited) Tangible Assets, Tangible Common Equity, and Related Measures and Ratio As of June 30, March 31, June 30, (dollars in thousands, except per share amounts) 2025 2025 2024 Total ass