First Busey (BUSE) investor relations material

Executive summary

• Q3 operating revenue was $194.3 million; adjusted diluted EPS was $0.63 versus $0.69 in Q2. Higher credit costs weighed on profitability as deposits and wealth assets under care grew.

• Net income was $55.8 million, or $0.61 per diluted share; adjusted net income was $57.2 million, or $0.63 per diluted share.

• A $37.6 million Central-region credit relationship moved to nonaccrual, with a $10.0 million charge-off and $17.8 million specific reserve.

Financial highlights

• Net interest income was $153.1 million, up $0.7 million QoQ; total noninterest income was $40.4 million and total noninterest expense was $111.4 million.

• Operating revenue was $194.3 million, versus $194.3 million in Q2 and $196.7 million in Q3 2025; PPNR was $82.9 million, up from $76.6 million YoY.

• Provision for credit losses was $9.6 million versus a $1.0 million release YoY; Q3 net charge-offs were $11.4 million.

• Adjusted noninterest expense was $110.3 million, up 0.7% QoQ and down 2.2% YoY; adjusted PPNR was $84.0 million versus $84.8 million in Q2.

• Nine-month net income was $169.0 million versus $74.5 million; prior-year results included substantial CrossFirst acquisition-related credit provisions.

Outlook and guidance

• NIM is expected to improve modestly in 4Q26 as higher cash balances normalize; loan payoff headwinds are expected to continue.

• 4Q26 adjusted noninterest expense guidance is $113–$114 million.

• Management is focused on deepening customer relationships, growing core deposits and managing liquidity; available borrowing capacity was $4.42 billion at September 30.

• A +100 bps parallel rate shock is modeled to increase net interest income by 1.5% over the following 12 months.