| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 196.23 | 57.0% |
| Total Income | 196.23 | 57.0% |
| Expenditure | 132.58 | 15.9% |
| PBT | 63.66 | 294.9% |
| Net Profit | 49.98 | 266.7% |
| OPM | — | |
| NPM | 25.47% | 49.47pp |
| EPS | 0.52 | 218.2% |
First Busey Corporation Announces Q1 2026 Earnings
03 May 2026 · 3 May, 6:24 pm
Summary
First Busey Corporation reported a net income of $50.0 million, or $0.52 per diluted common share, for the first quarter of 2026. Adjusted net income available to common stockholders was $58.6 million, or $0.67 per diluted common share. The company's net interest margin continued to expand, reaching 3.77%. Van A. Dukeman, Chairman, President and CEO, noted the company's strong profitability and capital position, highlighting the momentum gained from talent additions and new business pipelines.
Key Highlights
- 1
First Busey Corporation's adjusted diluted EPS was $0.67, up 17.5% year-over-year.
- 2
Adjusted return on average assets improved by 33 basis points to 1.42%.
- 3
Net interest margin increased by 6 basis points quarter-over-quarter to 3.77%.
- 4
Wealth management fee income reached a record quarter, offsetting lower market valuations.
- 5
The efficiency ratio improved by 390 basis points from last year to 54.8%.
- 6
Tangible book value per common share grew 8.2% year-over-year to $20.14.
- 7
The company repurchased $65.6 million in shares during the quarter.
Management Comments
Van A. Dukeman
Busey posted strong results this quarter with adjusted diluted EPS of $0.67, up 17.5% year-over-year, and continued strong profitability as adjusted return on average assets2 improved by 33 basis points to 1.42% and adjusted ROATCE improved by 287 basis points to 14.12%. Net interest margin2 continued its expansion, up 6 basis points quarter-over-quarter, to 3.77%. Wealth management fee income had another record quarter, with net inflows offsetting lower market valuations and sustaining relatively stable assets under care. Expenses remained well controlled as we identified, and executed on, additional synergies related to the CrossFirst acquisition, with the efficiency ratio improving 390 basis points from last year, to 54.8%. Capital remained strong with Common Equity Tier 1 Capital to Risk Weighted Assets3 at 12.31%, even after significant share repurchases of $65.6 million during the quarter. Tangible book value per common share2 grew 8.2% year-over-year to $20.14. As expected, loan and deposit balances were down seasonally. Credit remained strong with non-performing assets down 14.0% quarter-over-quarter and the ratio of allowance to loans was stable at 1.26%. As we look ahead to the rest of the year, we have significant momentum with the addition of talent to the organization, and new business pipelines are building. With robust capital and ample liquidity, Busey remains well positioned to drive meaningful value for our associates, clients, communities, and shareholders in this volatile macro environment.
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