Quarterly ResultApr 28, 2026, 05:00 PM
BUSE Q1 Adj. EPS $0.67, +17.5% YoY; Net Income $50.0M; $65.6M Buyback
AI Summary
First Busey Corporation reported strong first quarter 2026 results with adjusted diluted EPS of $0.67, a 17.5% increase year-over-year, and net income of $50.0 million. The company demonstrated continued profitability improvement, with adjusted return on average assets rising to 1.42% and adjusted ROATCE to 14.12%. Expenses were well controlled, leading to an improved efficiency ratio of 54.8%, and the company repurchased $65.6 million in common stock while maintaining strong capital. Credit quality remained robust with non-performing assets down 14.0% quarter-over-quarter.
Key Highlights
- Adjusted diluted EPS $0.67, up 17.5% year-over-year.
- Net income $50.0 million, or $0.52 per diluted common share.
- Adjusted return on average assets 1.42%, up 33 basis points.
- Adjusted ROATCE 14.12%, up 287 basis points.
- Repurchased $65.6 million in common stock during the quarter.
- Tangible book value per common share $20.14, up 8.2% year-over-year.
- Efficiency ratio improved 390 basis points to 54.8%.
- Non-performing assets decreased 14.0% quarter-over-quarter.