Table of Contents 2021 Acquisition Table of Contents | --- | --- | --- | |------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------ ...

Financial Performance - First Busey reported net income of $35.661 million for the three months ended September 30, 2022, compared to $25.941 million for the same period in 2021, representing a 37% increase [242]. - Adjusted diluted earnings per share for the three months ended September 30, 2022, was $0.65, up from $0.58 in the same period of 2021, reflecting a 12% increase [242]. - Return on average assets for the three months ended September 30, 2022, was 1.13%, compared to 0.81% for the same period in 2021, indicating a significant improvement [242]. - Adjusted net income for the three months ended September 30, 2022, was $36,435,000, compared to $32,845,000 for the same period in 2021, representing a 4.8% increase [336]. - Reported diluted earnings per share for the three months ended September 30, 2022, was $0.64, up from $0.46 in the same period of 2021, reflecting a 39.1% increase [336]. - Net interest income for the three months ended September 30, 2022, was $86,305,000, an increase from $70,755,000 in the same period of 2021, representing a 22.0% growth [341]. - Adjusted net interest income for the three months ended September 30, 2022, was $86,018,000, compared to $69,554,000 for the same period in 2021, showing a 23.6% increase [341]. Efficiency and Cost Management - The company implemented a restructuring and efficiency optimization plan expected to generate annual savings of $4.0 million to $4.4 million, with one-time costs estimated at $1.1 million to $1.3 million [240]. - Total noninterest expense for the three months ended September 30, 2022, was $70.7 million, a 3.7% decrease from the same period in 2021, while for the nine months ended September 30, 2022, it was $210.2 million, a 10.3% increase from the comparable period in 2021 [280]. - The efficiency ratio for the three and nine months ended September 30, 2022, was 57.6% and 60.3%, respectively, compared to 67.3% and 61.4% for the same periods in 2021 [289]. - Adjusted noninterest expense for the three months ended September 30, 2022, was $66,908, compared to $61,661 in the same period last year, an increase of 8.1% [343]. Asset and Liability Management - Total assets increased to $12,547,816, up from $11,571,270 in the previous year [256]. - Total liabilities and stockholders' equity reached $12,547,816, reflecting growth from $11,571,270 [256]. - Total deposits decreased by $167,180, or 1.6%, to $10,601,397 as of September 30, 2022, compared to $10,768,577 as of December 31, 2021 [292]. - The company maintains a well-diversified loan portfolio and limits concentration exposure in any particular loan segment [295]. - As of September 30, 2022, additional borrowing capacity available from FHLB was $1.82 billion, from the Federal Reserve was $752.73 million, and total additional borrowing capacity was $2.62 billion [324]. Loan and Deposit Growth - Portfolio loans totaled $7,617,918 million with a yield of 3.98% [254]. - Core loans as of September 30, 2022, were $7,668,688, up from $7,114,040 as of December 31, 2021, reflecting a growth of 7.8% [348]. - Total average deposits grew by 10.2% to $10,566,668 from $9,588,530 year-over-year [258]. - Non-performing loans decreased by 1.2% to $16,654 thousand as of September 30, 2022, from $16,852 thousand as of December 31, 2021, resulting in a non-performing loans to portfolio loans ratio of 0.22% [317]. Interest Income and Margin - Net interest margin stood at 3.00% [254]. - Net interest spread was reported at 2.83% for the three months ended September 30, 2022, compared to 2.29% for the same period in 2021, reflecting a significant increase [263]. - Interest income from earning assets was $11,497,783 million, reflecting a yield of 3.31% [254]. - The annualized net interest margin for the third quarter of 2022 was 3.00%, up from 2.41% in the same quarter of 2021 [264]. Noninterest Income - Total noninterest income was $30.9 million for the three months ended September 30, 2022, a 7.0% decrease from $33.3 million in the comparable period in 2021 [269]. - Wealth management fees decreased by 9.0% to $12.5 million for the three months ended September 30, 2022, while increasing by 7.8% to $42.4 million for the nine months ended September 30, 2022 [270]. - Payment technology solutions revenue increased by 10.0% to $5.1 million for the three months ended September 30, 2022, and by 9.3% to $15.0 million for the nine months ended September 30, 2022 [271]. - Mortgage revenue plummeted by 74.8% to $0.4 million for the three months ended September 30, 2022, reflecting declines in sold-loan mortgage volume [274]. Credit Quality and Risk Management - The allowance for credit losses (ACL) increased by $2.4 million for the three months ended September 30, 2022, compared to a release of $1.9 million for the same period in 2021 [304]. - The ACL to non-accrual loans ratio was 588.15% as of September 30, 2022, compared to 551.15% on September 30, 2021, showing an improvement in coverage [314]. - Potential problem loans increased to $83,700 thousand as of September 30, 2022, compared to $70,500 thousand as of December 31, 2021, indicating a rise of approximately 18.5% [319]. - The company anticipates that restructurings and additional collateral will result in full repayment of potential problem loans identified as of September 30, 2022 [319]. Market and Economic Factors - The company anticipates potential impacts from economic factors such as inflation, supply chain constraints, and changes in interest rates, which could affect future performance [350]. - Interest rate risk is the most significant market risk affecting the company, with minimal impact from foreign currency exchange rate risk and commodity price risk [366]. - As of September 30, 2022, a 300 basis point decrease in interest rates would result in a net interest income change of -22.39% [369].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation or organization) ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-------|-------|-------|-------|-------|-------|----------------------------------------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | July 26, 2022 2Q22 QUARTERLY EARNINGS SUPPLEMENT | | | | | | | | | | Special Note Concerning Forward-Looking Statements Statements made in this document, other than those concerning historical financial information, may be considered forwardlooking statements within the meaning of the Private Secur ...

1Q22 QUARTERLY EARNINGS SUPPLEMENT April 26, 2022 busey.com Member FDI Special Note Concerning Forward-Looking Statements Statements made in this document, other than those concerning historical financial information, may be considered forwardlooking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance, and business of the Company. Forward-looking statements, which may be ba ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2022 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation or organization) ...

Table of Contents 7 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation of organizatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation or organizat ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation or organization) ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☑ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended March 31, 2021 ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation or organization) ...