First Busey Corporation Announces 2025 Second Quarter Earnings

About this update from First Busey Corporation

LEAWOOD, Kan., July 22, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Announces 2025 Second Quarter Earnings. Net Income Diluted EPS Net Interest Margin1 ROAA1 ROATCE1$47.4 million $0.52 3.49% 1.00% 11.24%$57.4 million (adj)2 $0.63 (adj)2 3.33% (adj)2 1.21% (adj)2 13.61% (adj)2 MESSAGE FROM OUR CHAIRMAN & CEOThis quarter's bank merger and data conversion represents a significant milestone for our organization, as we officially welcome CrossFirst Bank customers to Busey Bank. We are proud to offer a premier, full-service banking experience for both consumer and commercial clients, with 78 locations spanning 10 states. Our comprehensive services also include a robust wealth management platform and cutting-edge payment technology solutions through FirsTech, Inc. This transformational partnership allows us to enhance Busey’s rich 157-year legacy of service excellence, further advancing our organization for the benefit of all our Pillars—associates, customers, communities, and shareholders.Van A. DukemanChairman and Chief Executive Officer FINANCIAL RESULTS CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited) Three Months Ended Six Months Ended(dollars in thousands, except per share amounts) June 30,2025 March 31,2025 June 30,2024 June 30,2025 June 30,2024Total interest income $247,446 $166,815 $131,939 $414,261 $257,759 Total interest expense 94,263 63,084 49,407 157,347 99,373 Net interest income 153,183 103,731 82,532 256,914 158,386 Provision for credit losses1 5,700 45,593 1,908 51,293 6,268 Net interest income after provision for credit losses1 147,483 58,138 80,624 205,621 152,118 Total noninterest income 44,863 21,223 33,703 66,086 68,616 Total noninterest expense1 127,833 112,030 75,906 239,863 147,353 Income (loss) before income taxes 64,513 (32,669) 38,421 31,844 73,381 Income taxes 17,109 (2,679) 11,064 14,430 19,799 Net income (loss) 47,404 (29,990) 27,357 17,414 53,582 Dividends on preferred stock 155 — — 155 — Net income (loss) available to common stockholders $47,249 $(29,990) $27,357 $17,259 $53,582 Basic earnings (loss) per common share $0.53 $(0.44) $0.48 $0.22 $0.95 Diluted earnings (loss) per common share $0.52 $(0.44) $0.47 $0.22 $0.94 Effective income tax rate 26.52% 8.20% 28.80% 45.31% 26.98% ___________________________________________ Beginning in the second quarter of 2025, Busey revised its presentation, for all ...

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