FIRST BUSEY CORP /NV/
For the period ended Jun 30, 2025. Filed Aug 5, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 5, 2025
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Operating Performance Metrics
Operating performance metrics presented in the table below have been derived from information used by management to monitor and manage Busey’s financial performance. In addition to the non-operating expenses in the table above, adjusted operating performance metrics also reflect adjustments for strategic balance sheet repositioning and net securities gains and losses to align with industry and research analyst reporting. The objective of Busey’s presentation of adjusted earnings and adjusted earnings metrics is to allow investors and analysts to more clearly identify quarterly trends in core earnings performance:
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| (dollars in thousands, except per share amounts) | 2025 | 2024 | 2025 | 2024 |
| Net income (GAAP) | $47,404 | $27,357 | $17,414 | $53,582 |
| Adjusted net income (Non-GAAP)1, 2 | $57,394 | $30,519 | $97,292 | $56,232 |
| Net income available to common stockholders (GAAP) | $47,249 | $27,357 | $17,259 | $53,582 |
| Adjusted net income available to common stockholders (Non-GAAP)1 | $57,239 | $30,519 | $97,137 | $56,232 |
| Diluted earnings per common share (GAAP) | $0.52 | $0.47 | $0.22 | $0.94 |
| Adjusted diluted earnings per common share (Non-GAAP)1, 2 | $0.63 | $0.53 | $1.21 | $0.98 |
| Return on average assets (Non-GAAP)1, 3 | 1.00% | 0.91% | 0.21% | 0.89% |
| Adjusted return on average assets (Non-GAAP)1, 2, 3 | 1.21% | 1.02% | 1.16% | 0.94% |
| Return on average tangible common equity (Non-GAAP)1, 3 | 11.24% | 11.51% | 2.17% | 11.47% |
| Adjusted return on average tangible common equity (Non-GAAP)1, 2, 3 | 13.61% | 12.85% | 12.21% | 12.04% |
| Pre-provision net revenue (Non-GAAP)1, 4 | $64,216 | $40,682 | $92,908 | $86,377 |
| Adjusted pre-provision net revenue (Non-GAAP)1, 4 | $80,816 | $42,617 | $135,534 | $81,255 |
| Pre-provision net revenue to average total assets (Non-GAAP)1, 3, 4 | 1.35% | 1.35% | 1.10% | 1.44% |
| Adjusted pre-provision net revenue to average total assets (Non-GAAP)1, 3, 4 | 1.70% | 1.42% | 1.61% | 1.36% |
For a reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures, see“Item 2. Management’s Discussion and Analysis—Non-GAAP Financial Information” included in this Quarterly Report.
Beginning in 2025, Busey revised its calculation of adjusted net income for all periods presented to include, as applicable, adjustments for net securities gains and losses, realized net gains and losses on the sale of mortgage servicing rights, and non-recurring deferred tax adjustments.
Annualized measure.
Beginning in the second quarter of 2025, Busey revised its presentation, for all periods presented, to reclassify the provision for unfunded commitments so that it is now included within the provision for credit losses, affecting the calculation of pre-provision net revenue and related measures and ratios.
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