First Busey (BUSE) investor relations material

Executive summary

• Achieved strong profitability in 1Q26 with adjusted ROAA of 1.42%, adjusted ROATCE of 14.12%, and efficiency ratio of 54.8%, all improved year-over-year and quarter-over-quarter.

• Adjusted diluted EPS rose 17.5% year-over-year to $0.67, with tangible book value per share up 8.2% year-over-year to $20.14.

• Net interest margin expanded 6 bps sequentially and 61 bps year-over-year to 3.77%, reflecting disciplined loan pricing and deposit cost control.

• Wealth management set a new quarterly revenue record, with assets under care at $15.65 billion and robust net inflows.

• Efficiency ratio improved 390 bps year-over-year to 54.8%.

Financial highlights

• Adjusted diluted EPS was $0.67, with adjusted net income to common shareholders at $59 million for 1Q26.

• Total operating revenue was $197 million, net interest income $154 million, and adjusted noninterest income $43 million.

• Allowance for credit losses at 1.26% of loans; NPAs/assets at 0.28%; NCOs at 22 bps for the quarter.

• Total assets stood at $18.0 billion, loans at $13.5 billion, and deposits at $14.7 billion as of 3/31/26.

• Adjusted pre-provision net revenue was $84.4 million, nearly flat sequentially and up from $54.7 million year-over-year.

Outlook and guidance

• Deposit outflows in 1Q26 are expected to substantially return in 2Q26 and 3Q26, consistent with seasonal patterns.

• CD repricing anticipated to be beneficial in 2Q26; deposit costs expected to remain stable.

• Balance sheet remains well-positioned for rate neutrality, with positive NII sensitivity to rising rates.

• Management expects continued momentum with new talent and business pipelines building.

• Robust capital and liquidity position the company to drive value in a volatile macro environment.