First Busey (BUSE) investor relations material

Executive summary

• Net income for Q2 2026 was $63.2 million ($0.69 per diluted share), up 33.3% year-over-year, with adjusted diluted EPS up 9.5% to $0.69 and adjusted net income at $63.7 million.

• Adjusted ROAA was 1.43% and adjusted ROATCE was 14.61%, both improved year-over-year; efficiency ratio improved to 54.0%.

• Wealth Management posted its third consecutive record revenue quarter, with fee income up 19% year-over-year to $20.1 million and assets under care rising 17% to $16.51 billion.

• Tangible book value per share increased 6.4% year-over-year to $20.40, and share repurchases since March 2025 have returned nearly $200 million to shareholders.

• Completed integration of CrossFirst Bank, with $48.6 million in goodwill recorded and significant cost synergies realized.

Financial highlights

• Total assets at June 30, 2026 were $18.19 billion, with total loans at $13.2 billion and total deposits at $15.13 billion.

• Net interest income for Q2 2026 was $152.4 million, with net interest margin at 3.72% (3.62% adjusted).

• Noninterest income contributed 21.6% of total operating revenue, led by wealth management and payment solutions.

• Noninterest expense for Q2 2026 was $112.6 million, down 11.9% year-over-year, reflecting disciplined expense control.

• Efficiency ratio improved to 54.0%, reflecting cost synergies and expense discipline.

Outlook and guidance

• Management expects continued loan balance declines due to payoff headwinds into 3Q26, but asset quality remains strong.

• Deposit growth expected to remain robust, supported by seasonal inflows and strategic initiatives.

• Balance sheet positioned for rate neutrality, with sensitivity analysis showing resilience to rate shocks; a +100 bps rate shock would increase net interest income by 1.8% over the next year.

• Focus remains on core deposit growth, conservative underwriting, and maintaining strong capital and liquidity positions.

• Capital ratios expected to remain well above regulatory minimums, managed through hedging and balance sheet strategies.