StockWatch
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Major Banks
Quarterly ResultJul 28, 2026, 05:06 PM

First Busey Q2 Adj. EPS $0.69, Net Income $63.7M; Wealth AUC $16.51B

AI Summary

First Busey Corporation announced strong second-quarter 2026 financial results, with adjusted diluted EPS of $0.69, marking a 9.5% increase year-over-year, and adjusted net income of $63.7 million. The company achieved record fee income in its Wealth Management division, with assets under care reaching $16.51 billion. Profitability metrics improved, with adjusted return on average assets at 1.43% and adjusted return on average tangible common equity at 14.61%. First Busey also demonstrated strong capital management, with a Common Equity Tier 1 Capital ratio of 12.53% and significant share repurchases totaling $63.1 million for the quarter. Deposit growth was robust, increasing by 2.7% quarter-over-quarter, while asset quality remained stable with net charge-offs at 0.19%.

Key Highlights

  • Adjusted diluted EPS was $0.69, up 9.5% year-over-year.
  • Adjusted net income reached $63.7 million for Q2 2026.
  • Wealth Management assets under care hit a record $16.51 billion.
  • Adjusted return on average assets improved to 1.43% and ROATCE to 14.61%.
  • Efficiency ratio improved to 54.0% from 55.3% year-over-year.
  • Common Equity Tier 1 Capital to Risk Weighted Assets rose to 12.53%.
  • Share repurchases totaled $63.1 million this quarter, $128.8 million year-to-date.
  • Deposits increased by $392.7 million, or 2.7% quarter-over-quarter.