First Busey Results Presentation Deck
January 2024, 45 slides
  1. First Busey
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earnings investor presentation sen a | First Busey
forward looking statements and additional information | First Busey
non financial information | First Busey
table of contents | First Busey
overview of first corporation northern bank financial highlights stock price year old serving four regions a among the best i best places paces work rower a total loans assets net interest margin a mares | First Busey
diversified company with comprehensive innovative financial solutions billion assets billion assets under care billion payments processed million revenue million revenue million revenue margin year quarterly revenue a sai i i edited a cod vag waive am | First Busey
compelling regional operating model central gateway northern on billion billion billion | First Busey
merchants and manufacturers bank corp announced acquisition of based merchants manufacturers bank corp during pro compelling life equity loan line of business further enhances key market profile attractive deal metrics pis billion cash value insurance policies the unique product set offered to well capitalized client base among regional community banks to in markets operation in the year accretion in long term cash accretion economics strong yield adds presence in capital liquidity positions march may june | First Busey
investment highlights attractive franchise that provides innovative financial solutions disciplined growth strategy driven by regional operating model powerful combination of three business lines drives strong income attractive profitability and returns built on a fortress balance sheet adjusted adjusted for nim adjusted diluted for quarterly dividend yield | First Busey
fortress balance sheet high quality resilient loan portfolio strong core deposit franchise ample liquidity robust capital foundation | First Busey
high quality loan portfolio loan portfolio composition loan portfolio regional segmentation billion loans trends funded draws line utilization rate a pots | First Busey
high quality loan portfolio investor owned loans by property type owner occupied loans by property type i i | First Busey
office investor owned portfolio top ten office loans of million in balances weighted average weighted average debt yield property with million in balances a a | First Busey
high quality loan portfolio i i loans by sector total i loans trend all are underwritten to diversified results in low levels of is of or of of retail trade classified declined million state bank credit that was identified as impaired during the due diligence process in thousands finance and insurance educational services agriculture forestry fishing hunting transportation food services and drinking places other services except public | First Busey
pristine credit quality assets classifieds capital average loans | First Busey
credit profile bolstered by strong reserves allowance loans allowance allowance ers | First Busey
top tier core deposit franchise deposit portfolio composition total deposits loan to deposit ratio billion million thousand core deposits total deposits cost ave a funding cost during the quarter | First Busey
granular stable deposit base long tenured deposit relationships that are very granular deposit flows by type public other a a | First Busey
deposit cost trends historical cost of deposits cumulative deposit betas for tightening cycle to date quarterly average cost of deposits a retail | First Busey
diversified and significant sources of fee income income total revenue sources of income million detail wealth management fees fees for customer services mortgage other net securities gains losses pee oat ria customer ies | First Busey
wealth management wealth revenue and tax income wealth revenue composition assets under care of million a yoy increase of net of million a yoy increase of real differentiator at a a on client needs | First Busey
segment revenue of million an increase of over and the highest annual revenue in company history revenue of million was the highest quarterly revenue in company history key competencies of payments and merchant services were the primary drivers of growth in targeted initiatives to improve profitability include shifting customers to fully integrate into the merchant services platform and optimization of existing customer fee structures have built a solid pipeline aligned with go to market focus on enterprise financial institution and merchant services clients the value of payments enabled platforms from an sponsored company resonates with potential customers deployed new capabilities to loan pay module adding features that provide for advanced customer communications billion million revenue growth million million sponsored average per processing day trend | First Busey
net interest margin net interest income trend net interest margin trend bridge factors contributing to nim compression during quarter volume was nim nim | First Busey
actively managing asset sensitive balance sheet annual change in net interest income under shock scenarios maturity structures of portfolio loans deposit betas in last tightening cycle current alco model forecast | First Busey
focused control on expenses expense of a adjusted core of million in down over the last several quarters million of average earning assets per employee for a | First Busey
robust capital foundation tangible common equity ratios total capital ratio leverage ratio consolidated capital as of a tier minimum | First Busey
balanced low risk short duration investment portfolio investment portfolio composition securities portfolio amortized cost yield billion of of page | First Busey
previously announced balance sheet repositioning announced a two part balance sheet repositioning strategy during securities sold visa class common shares sold net gain from combined transactions use of proceeds net interest income impact regulatory capital impact million available for sales tax loss million actions improves margin run rate by approximately risk based ratios will increase modestly as result the rotating into lower | First Busey
earnings review net interest income income expense provision taxes earnings | First Busey
earnings performance adjusted net income earnings per share adjusted adjusted adjusted provision net revenue assets historical key rates i ust ust ust | First Busey
appendix first corporation | First Busey
experienced management team | First Busey
fully integrated wealth platform core principles wealth client segments integrated core capabilities to service personal institutional clients use inion leas assets under care revenue margin | First Busey
a uniquely positioned payment technology company payments segments traditional receivables electronic payments merchant services services lockbox services core mobile walk in sow services pos sales channels sales channels sales channels enterprise sales team sales team reseller sales partnerships enterprise sales team sales team reseller sales partnerships merchant sales team agent referrals reseller sales partnerships lines of business lines of business lines of business utilities insurance health utilities insurance health utilities insurance health tas am aks aks also | First Busey
a uniquely positioned payment technology company verticals products through continued growth of the relationship and new opportunities for collaboration is uniquely positioned to leverage our relationship to grow in both enterprise and verticals merchant resell merchant services lockbox lockbox product focus product focus electronic bill pay loan pay future offerings electronic bill presentment | First Busey
continued investment in technology enterprise wide tech investment highlights legend | First Busey
digital banking adoption mobile engagement of customers continues growth trajectory as banking reaches maturity stage customer base increasingly relying on self service features thousand | First Busey
impact and corporate responsibility building on years of civic engagement corporate responsibility and positive impacts with a strong and unwavering commitment to our pillars associates customers shareholders and communities is committed to strong ethics and governance social responsibility and environmental volunteer impact in through expanded efforts and consistent emphasis on charitable involvement is to report record volunteer hours logged in by our talented associate base team volunteered over hours to over organizations in in part using their paid volunteer time awarded by commitment to our planet commitment to our people commitment to strong governance to view the full impact report visit impact bom | First Busey
non financial information | First Busey
non financial information | First Busey
non financial information | First Busey
non financial information net interest income | First Busey
non financial information | First Busey
non financial information tangible assets tax effect of other intangible assets | First Busey
non financial information a do | First Busey
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