First Busey Corporation (BUSE)

First Busey Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	421.73	385.85	287.48	252.1	284.96	304.19
Interest Income on Investments	99.05	93.53	72.51	46.7	41.64	52.04
Total Interest Income	520.77	479.37	359.99	298.8	326.6	356.23
Interest Paid on Deposits	179.72	123.99	16.11	12.58	30.69	55.08
Interest Paid on Borrowings	23.18	35.94	20.44	15.52	12.97	13.93
Total Interest Expense	202.9	159.92	36.55	28.1	43.66	69.01
Net Interest Income	317.88	319.45	323.44	270.7	282.94	287.22
Net Interest Income Growth (YoY)	-4.68%	-1.23%	19.48%	-4.33%	-1.49%	18.98%
Trust Income	60.56	57.31	55.38	53.09	42.93	38.56
Mortgage Banking Activities	1.8	1.09	1.9	7.24	13.04	11.7
Gain (Loss) on Sale of Investments	-5.15	-2.2	-2.13	3.07	1.33	-0.02
Other Non-Interest Income	71.33	66.19	71.66	69.41	60.97	66.17
Total Non-Interest Income	136.27	122.38	126.8	132.8	118.27	116.42
Non-Interest Income Growth (YoY)	13.61%	-3.48%	-4.52%	12.29%	1.59%	29.36%
Revenues Before Loan Losses	454.14	441.84	450.24	403.5	401.2	403.64
Provision for Loan Losses	7.77	2.4	4.62	-15.1	38.8	10.41
Revenue	446.37	439.44	445.62	418.6	362.4	393.23
Revenue Growth (YoY)	-0.94%	-1.39%	6.45%	15.51%	-7.84%	20.27%
Salaries and Employee Benefits	162.3	152.24	147.05	129.63	117.11	131.9
Occupancy Expenses	18.35	18.21	19.13	18.35	17.61	18.18
Federal Deposit Insurance	5.44	5.65	4.06	3.08	-	-
Amortization of Goodwill & Intangibles	10.07	10.43	11.63	11.27	10.01	9.55
Selling, General & Administrative	48.4	43.64	43.83	39.27	40.4	33.04
Other Non-Interest Expense	46.47	51.03	53.65	42.83	38.36	46.04
Total Non-Interest Expense	291.02	281.2	279.34	244.43	223.49	238.7
EBT Excluding Unusual Items	155.36	158.23	166.27	174.17	138.92	154.53
Pretax Income	149.16	153.9	161.74	156.82	128.21	134.44
Income Tax Expense	37.83	31.34	33.43	33.37	27.86	31.49
Net Income	111.34	122.57	128.31	123.45	100.34	102.95
Net Income to Common	111.34	122.57	128.31	123.45	100.34	102.95
Net Income Growth	-15.14%	-4.48%	3.94%	23.03%	-2.53%	4.07%
Basic Shares Outstanding	56	55	55	55	55	55
Diluted Shares Outstanding	57	56	56	56	55	55
Shares Change (YoY)	1.64%	0.21%	0.23%	2.16%	-0.55%	12.02%
EPS (Basic)	1.98	2.21	2.32	2.23	1.84	1.88
EPS (Diluted)	1.95	2.18	2.29	2.20	1.83	1.87
EPS Growth	-16.64%	-4.80%	4.09%	20.22%	-2.14%	-6.97%
Dividend Per Share	0.960	0.960	0.920	0.920	0.880	0.840
Dividend Growth	1.05%	4.35%	0%	4.55%	4.76%	5.00%
Effective Tax Rate	25.36%	20.36%	20.67%	21.28%	21.73%	23.42%

Source: S&P Capital IQ. Banks template. Financial Sources.