Slide 1: Q4 2025 Earnings Investor Presentation
Q4 2025 EARNINGS INVESTOR PRESENTATION January 27, 2026
Slide 2: Forward-Looking Statements
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 2 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 Corporation’s (“Busey’s”) financia
Slide 3: Table of Contents
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 3 Table of Contents Overview of First Busey Corporation (BUSE) 4 4Q25 Review 5 Investment Highlights 6 Earnings Performance 7 Attractive Markets Positioned for Growth 8 Strategically Configured Regional Operating Model 9 High
Slide 4: Overview of First Busey Corporation
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 4 Overview of First Busey Corporation (NASDAQ: BUSE) Powerful Combination of Banking, Wealth, $18.1 Billion and Payments Business Lines Total Assets ▪ Premier Commercial Banking Franchise with attractive market footprint ▪ Fu
Slide 5: 4Q25 Review
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 5 4Q25 Review Accelerating Profitability Financial Results (Non-GAAP) ▪ Profitability accelerated to a 1.41% adj. ROAA1 and 55.0% adj. efficiency ratio1 in 4Q25, compared to 1.02% adj. ROAA1 and 61.8% adj. efficiency ratio1 i
Slide 6: Investment Highlights
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 6 Investment Highlights Financial Highlights Balance Sheet Strength 4Q25 KRX Median FY 2024 Metrics better than MRQ 4 ▪ High quality, commercially-oriented loan portfolio is well-diversified by sector and geographic KRX media
Slide 7: Earnings Performance
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 7 Earnings Performance Adjusted Net Income & Earnings Per Common Share 1 Adjusted ROATCE & Adjusted ROAA 1 $ in millions Adj. Net Income Avail. to Common S/H Adj. EPS Adj. ROATCE Adj. ROAA $0.68 13.6% 13.2% 13.6% $60.6 $57.2
Slide 8: Attractive Markets Positioned for Growth
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 8 Attractive Markets Positioned for Growth 1 1 Market Nominal GDP as of 2023 per FRED, Federal Reserve Bank of St. Louis | Source: S&P Capital IQ Pro; Census.gov; BEA.gov | Note: Chart does not include markets with population
Slide 9: Strategically Configured Regional Operating Model
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 9 Strategically Configured Regional Operating Model Enterprise-wide sales structure is organized by region – bringing full Focused on bringing the full breadth of commercial, wealth, and payments capabilities and the complete
Slide 10: High Quality Loan Portfolio
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 10 High Quality Loan Portfolio Loan Portfolio Composition Loan Yield As of 12/31/25 Disciplined loan pricing remains a key enterprise-wide priority Other Commercially-oriented portfolio is 4% well-diversified by sector and ge
Slide 11: Well-Diversified & Conservatively Underwritten Portfolio
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 11 Well-Diversified & Conservatively Underwritten Portfolio $ in millions % of 12/31/25 $ in millions % of 12/31/25 $ in millions % of 12/31/25 12/31/25 Total Classified 12/31/25 Total Classified 12/31/25 Total Classified Com
Slide 12: Pristine Credit Quality
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 12 Pristine Credit Quality Nonperforming Assets / Total Assets ▪ Conservative underwriting and strong portfolio management $ in millions has resulted in a continued legacy of pristine credit quality Busey KRX Median ▪ Process
Slide 13: Top Tier Core Deposit Franchise
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 13 Top Tier Core Deposit Franchise Successful Post-Acquisition Deposit Optimization Strategy: Deposit Portfolio Composition Total Cost of Deposits vs. Peers As of 12/31/25 Busey KRX Median 3.00% Loan to Deposit Ratio Interest
Slide 14: Net Interest Margin
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 14 Net Interest Margin Net Interest Income Trend $ in millions Net Interest Margin Trend 1 Net Interest Income Purchase Accounting Accretion Earning Assets Cost of Funds NIM $153.2 $155.1 $157.6 5.63% 5.63% 5.53% $7.1 $5.9 $5
Slide 15: Diversified and Significant Sources of Noninterest Income
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 15 Diversified and Significant Sources of Noninterest Income Adjusted Noninterest Income / Operating Revenue 3 $ in millions Adj. Nonint. Inc. Net Interest Income Adj. Nonint. Inc./Op. Rev. 21.6% Adjusted Noninterest Income /
Slide 16: Wealth Management
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 16 Wealth Management $15.7 Billion Assets Under Care $70.2 Million FY 2025 Revenue 1 Assets Under Care Wealth Revenue and Pre-Tax Income 1 ▪ Assets Under Care (AUC) up $0.7 billion QoQ and up $1.8 billion YoY, ▪ $70.2 million
Slide 17: Focused Control on Expenses
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 17 Focused Control on Expenses Noninterest Expense $ in millions Synergies from the transformational CrossFirst acquisition Expenses ex-Acq. Acquisition & Restruct. Exp. Adj. Efficiency Ratio¹ produced strongly positive opera
Slide 18: Robust Capital Foundation
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 18 Robust Capital Foundation Tangible Common Equity 1 $ in millions Common Equity Tier 1 2 $ in millions TCE TCE Ratio Common Equity Tier 1 CET1 Ratio Min + Buffer Ratio $1,748 $1,773 $1,888 $1,908 $1,920 $1,676 $1,709 $1,872
Slide 19: Appendix
Appendix Busey , FIRST BUSEY CORPORATION
Slide 20: Seasoned Leadership Team
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 20 Seasoned Leadership Team Van A. Dukeman Amy L. Randolph Chairman, President & CEO, First Busey Corp. Chief Operating Officer Chairman & CEO, Busey Bank Has served as Chairman & CEO of First Busey since 2007 and became Join
Slide 21: Purchase Accounting Projections
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 21 Purchase Accounting Projections Estimated accretion schedule of loan discounts based on anticipated contractual cash flows In addition to CrossFirst Bankshares acquisition completed 3/1/25, these projections include remain
Slide 22: Non-GAAP Financial Information
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 22 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, tog
Slide 23: Non-GAAP Financial Information (Unaudited)
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 23 Non-GAAP Financial Information (Unaudited) Pre-Provision Net Revenue and Related Measures Three Months Ended Years Ended December 31, September 30, December 31, December 31, December 31, (dollars in thousands) 2025 2025 20
Slide 24: Non-GAAP Financial Information (Unaudited)
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 24 Non-GAAP Financial Information (Unaudited) Adjusted Net Income, Average Tangible Common Equity, and Related Ratios Three Months Ended Years Ended December 31, September 30, December 31, December 31, December 31, (dollars i
Slide 25: Non-GAAP Financial Information (Unaudited)
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 25 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 Years Ended December 31, September 30, D
Slide 26: Non-GAAP Financial Information (Unaudited)
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 26 Non-GAAP Financial Information (Unaudited) Adjusted Noninterest Income, Revenue Measures, Adjusted Noninterest Expense, and Efficiency Ratios Three Months Ended Years Ended December 31, September 30, December 31, December
Slide 27: Non-GAAP Financial Information (Unaudited)
4Q25 Earnings Investor Presentation First Busey Corporation | Ticker: BUSE 27 Non-GAAP Financial Information (Unaudited) Tangible Assets, Tangible Common Equity, and Related Measures and Ratio As of December 31, September 30, December 31, (dollars in thousands, except per share amounts) 2025 2025 20