FIRST BUSEY CORP NV
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
BUSE$29.11-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(dollars in thousands, except per share amounts)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Interest income | |||
| Interest and fees on loans | $385,848 | $287,477 | $252,097 |
| Interest and dividends on investment securities: | |||
| Taxable interest income | 80,316 | 66,140 | 41,787 |
| Non-taxable interest income | 2,678 | 3,272 | 3,765 |
| Other interest income | 10,531 | 3,097 | 1,151 |
| Total interest income | 479,373 | 359,986 | 298,800 |
| Interest expense | |||
| Deposits | 123,985 | 16,112 | 12,583 |
| Federal funds purchased and securities sold under agreements to repurchase | 5,203 | 1,475 | 227 |
| Short-term borrowings | 12,775 | 1,647 | 279 |
| Long-term debt | 1,700 | 1,310 | 657 |
| Senior notes | — | 637 | 1,598 |
| Subordinated notes | 12,406 | 12,338 | 9,918 |
| Junior subordinated debt owed to unconsolidated trusts | 3,853 | 3,029 | 2,840 |
| Total interest expense | 159,922 | 36,548 | 28,102 |
| Net interest income | 319,451 | 323,438 | 270,698 |
| Provision for credit losses | 2,399 | 4,623 | (15,101) |
| Net interest income after provision for credit losses | 317,052 | 318,815 | 285,799 |
| Noninterest income | |||
| Wealth management fees | 57,309 | 55,378 | 53,086 |
| Fees for customer services | 29,044 | 33,111 | 35,604 |
| Payment technology solutions | 21,192 | 20,067 | 18,347 |
| Mortgage revenue | 1,089 | 1,895 | 7,239 |
| Income on bank owned life insurance | 4,701 | 3,663 | 5,166 |
| Realized net gains (losses) on securities | (28) | 50 | 29 |
| Unrealized net gains (losses) recognized on equity securities | (2,171) | (2,183) | 3,041 |
| Other income | 11,248 | 14,822 | 10,292 |
| Total noninterest income | 122,384 | 126,803 | 132,804 |
| Noninterest expense | |||
| Salaries, wages, and employee benefits | 162,597 | 159,016 | 145,312 |
| Data processing | 23,708 | 21,648 | 21,862 |
| Net occupancy expense of premises | 18,214 | 19,130 | 18,346 |
| Furniture and equipment expenses | 6,759 | 7,645 | 8,301 |
| Professional fees | 7,147 | 6,125 | 7,549 |
| Amortization of intangible assets | 10,432 | 11,628 | 11,274 |
| Interchange expense | 6,864 | 6,298 | 5,792 |
| FDIC insurance | 5,650 | 4,058 | 3,083 |
| Other expense | 44,161 | 48,333 | 40,261 |
| Total noninterest expense | 285,532 | 283,881 | 261,780 |
| Income before income taxes | 153,904 | 161,737 | 156,823 |
| Income taxes | 31,339 | 33,426 | 33,374 |
| Net income | $122,565 | $128,311 | $123,449 |
| Basic earnings per common share | $2.21 | $2.32 | $2.23 |
| Diluted earnings per common share | 2.18 | 2.29 | 2.20 |
| Dividends declared per share of common stock | 0.96 | 0.92 | 0.92 |
First Busey Corporation | 2023 — 95
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