First Busey Corporation (BUSE)

First Busey Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	426.42	385.85	287.48	252.1	284.96
Interest Income on Investments	97.26	93.53	72.51	46.7	41.64
Total Interest Income	523.68	479.37	359.99	298.8	326.6
Interest Paid on Deposits	178.46	123.99	16.11	12.58	30.69
Interest Paid on Borrowings	22.61	35.94	20.44	15.52	12.97
Total Interest Expense	201.07	159.92	36.55	28.1	43.66
Net Interest Income	322.61	319.45	323.44	270.7	282.94
Net Interest Income Growth (YoY)	0.99%	-1.23%	19.48%	-4.33%	-1.49%
Trust Income	63.63	57.31	55.38	53.09	42.93
Mortgage Banking Activities	2.08	1.09	1.9	7.24	13.04
Gain (Loss) on Sale of Assets	7.72	-	-	-	-
Gain (Loss) on Sale of Investments	-6.1	-2.2	-2.13	3.07	1.33
Other Non-Interest Income	72.36	66.19	71.66	69.41	60.97
Total Non-Interest Income	139.68	122.38	126.8	132.8	118.27
Non-Interest Income Growth (YoY)	14.13%	-3.48%	-4.52%	12.29%	1.59%
Revenues Before Loan Losses	462.29	441.84	450.24	403.5	401.2
Provision for Loan Losses	8.59	2.4	4.62	-15.1	38.8
Revenue	453.7	439.44	445.62	418.6	362.4
Revenue Growth (YoY)	3.25%	-1.39%	6.45%	15.51%	-7.84%
Salaries and Employee Benefits	174.04	152.24	147.05	129.63	117.11
Occupancy Expenses	18.74	18.21	19.13	18.35	17.61
Federal Deposit Insurance	5.6	5.65	4.06	3.08	-
Amortization of Goodwill & Intangibles	10.06	10.43	11.63	11.27	10.01
Selling, General & Administrative	46.19	43.64	43.83	39.27	40.4
Other Non-Interest Expense	43.65	51.03	53.65	42.83	38.36
Total Non-Interest Expense	298.27	281.2	279.34	244.43	223.49
EBT Excluding Unusual Items	155.43	158.23	166.27	174.17	138.92
Pretax Income	153.3	153.9	161.74	156.82	128.21
Income Tax Expense	39.61	31.34	33.43	33.37	27.86
Net Income	113.69	122.57	128.31	123.45	100.34
Net Income to Common	113.69	122.57	128.31	123.45	100.34
Net Income Growth	-7.24%	-4.48%	3.94%	23.03%	-2.53%
Basic Shares Outstanding	57	55	55	55	55
Diluted Shares Outstanding	58	56	56	56	55
Shares Change (YoY)	2.29%	0.21%	0.23%	2.16%	-0.55%
EPS (Basic)	2.01	2.21	2.32	2.23	1.84
EPS (Diluted)	1.98	2.18	2.29	2.20	1.83
EPS Growth	-9.17%	-4.80%	4.09%	20.22%	-2.14%
Dividend Per Share	0.960	0.960	0.920	0.920	0.880
Dividend Growth	0%	4.35%	0%	4.55%	4.76%
Effective Tax Rate	25.84%	20.36%	20.67%	21.28%	21.73%

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