NASDAQ$BUSE
First Busey Corporation · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
First Busey reported net income of $29.4 million and diluted EPS of $0.52 for the second quarter of 2023.
First Busey Corporation reported a net income of $29.4 million for the second quarter of 2023, with a diluted EPS of $0.52. Total deposits increased by $261.6 million quarter-over-quarter, reaching $10.06 billion. Non-performing assets remained low at 0.13% of total assets.
- Net income for the second quarter of 2023 was $29.4 million, or $0.52 per diluted common share.
- Total deposits increased $261.6 million, or 2.7%, quarter-over-quarter, to $10.06 billion.
- Short-term borrowings decreased to $212.0 million, compared to $615.9 million at the end of the first quarter of 2023.
- Non-performing assets of 0.13% of total assets, and allowance for credit losses of 580.80% of nonperforming loans.
Headline financials
Revenue & EPS history
First Busey · Revenue · Quarterly
$107M
Revenue by segment
First Busey · $44.9M total across 9 segments · Q2 2025
- Wealth management fees$16.8M—37.4%
- Net securities gains (losses)$6M—13.4%
- Treasury management services$4.98M—11.1%
- Payment technology solutions$4.96M—11.0%
- Card services and ATM fees$4.88M—10.9%
- Other noninterest income$3.24M—7.2%
- Income on bank owned life insurance$1.75M—3.9%
- Other service charges on deposit accounts$1.51M—3.4%
- Mortgage revenue$776K—1.7%
Forward guidance
First Busey expects to continue prudently managing expenses as they enter the second half of 2023. They intend to remain conservative in their underwriting and granting of credit, which is likely to slow loan growth for the remainder of the year.
Tailwinds
- Balance sheet strength
- Profitability
- Growth
- Strong capital position
- Attractive core funding base
Headwinds
- Evolving economic outlook
- Focus on balance sheet strength, profitability, and growth, in that order
- Economic outlook has deteriorated over the last twelve months
- Loan growth for the remainder of the year is likely to slow compared to previous expectations
- Rising costs associated with increased borrowings
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2023
-0.7%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+1.8%
Avg return
30 days after
37%
24 / 65 earnings
Positive
+10.7%
Q1 2020
Best reaction
-8.3%
Q2 2010
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| Q1 2026 | +0.5% | -1.1% | +3.2% | |
| Q4 2025 | -2.5% | +1.6% | +1.2% | |
| Q3 2025 | -3.1% | -2.3% | +1.3% | |
| Q1 2025 | +3.3% | +1.7% | +5.0% | |
| Q4 2024 | +1.9% | +1.3% | +2.3% | |
| Q3 2024 | -0.4% | -2.4% | +8.4% | |
| Q2 2024 | +0.0% | +3.8% | -5.2% | |
| Q1 2024 | +1.0% | -0.4% | -0.3% | |
| Q4 2023 | +0.5% | +1.0% | -4.5% | |
| Q3 2023 | -2.9% | +0.6% | +11.4% | |
| Q2 2023 | -0.7% | -2.3% | -7.5% | |
| Q1 2023 | -4.4% | -3.7% | +1.3% | |
| Q4 2022 | -6.0% | -5.2% | +1.9% | |
| Q3 2022 | +3.0% | +6.9% | +8.5% | |
| Q2 2022 | -1.5% | -0.7% | -3.9% | |
| Q1 2022 | -4.5% | -5.4% | -3.0% | |
| Q4 2021 | -1.2% | -2.5% | -4.3% | |
| Q3 2021 | -5.5% | -3.2% | +7.1% | |
| Q2 2021 | +1.8% | +2.6% | +2.1% | |
| Q1 2021 | -1.3% | -1.1% | +5.3% | |
| Q4 2020 | -7.4% | -9.6% | +2.8% | |
| Q3 2020 | -5.3% | -2.8% | +15.1% | |
| Q2 2020 | +5.4% | +1.0% | +6.5% | |
| Q1 2020 | +10.7% | +2.3% | +6.4% | |
| Q4 2019 | -2.6% | -4.4% | -14.8% | |
| Q3 2019 | +2.8% | +2.5% | +4.4% | |
| Q2 2019 | +3.1% | +4.5% | -4.3% | |
| Q1 2019 | +3.3% | +4.1% | +1.1% | |
| Q4 2018 | -1.8% | -2.1% | +4.2% | |
| Q3 2018 | -4.6% | -1.9% | -0.1% | |
| Q2 2018 | -2.6% | -2.7% | -1.4% | |
| Q1 2018 | +0.0% | -1.4% | +4.2% | |
| Q4 2017 | -0.5% | +0.1% | -4.4% | |
| Q3 2017 | -0.6% | +0.1% | -3.2% | |
| Q2 2017 | +2.2% | +1.7% | +0.1% | |
| Q1 2017 | +4.3% | -1.2% | -4.9% | |
| Q4 2016 | -1.4% | -4.7% | +2.1% | |
| Q3 2016 | +0.9% | +0.3% | +21.9% | |
| Q2 2016 | -0.4% | -0.3% | +4.3% | |
| Q1 2016 | -0.0% | — | — | |
| Q4 2015 | -2.6% | — | — | |
| Q3 2015 | +4.8% | — | — | |
| Q2 2015 | +0.8% | — | — | |
| Q1 2015 | -1.5% | — | — | |
| Q4 2014 | -4.3% | — | — | |
| Q3 2014 | +0.0% | — | — | |
| Q2 2014 | -0.4% | — | — | |
| Q1 2014 | -1.1% | — | — | |
| Q4 2013 | -2.7% | — | — | |
| Q3 2013 | +1.3% | — | — | |
| Q2 2013 | +1.6% | — | — | |
| Q1 2013 | -2.6% | — | — | |
| Q4 2012 | -2.9% | — | — | |
| Q3 2012 | -1.0% | — | — | |
| Q2 2012 | -0.6% | — | — | |
| Q1 2011 | +0.9% | — | — | |
| Q1 2012 | +3.4% | — | — | |
| Q4 2009 | +2.2% | — | — | |
| Q4 2010 | +2.2% | — | — | |
| Q4 2011 | +2.2% | — | — | |
| Q3 2011 | -3.3% | — | — | |
| Q3 2010 | -3.3% | — | — | |
| Q2 2011 | -8.3% | — | — | |
| Q2 2010 | -8.3% | — | — | |
| Q1 2010 | -6.8% | — | — |
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