First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
Investment Highlights
Attractive Franchise that
Provides Innovative
Financial Solutions
Disciplined Growth
Strategy Driven by
Regional Operating Model
Powerful Combination of
Three Business Lines Drives
Strong Noninterest Income
Attractive Profitability
and Returns
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▪ Attractive core deposit to total deposit ratio (96.2%) ¹, low cost non-time deposits (131 bps) in
4Q23, and low level of uninsured & uncollateralized deposits² (27%) at 12/31/23
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▪ Substantial investments in technology enterprise-wide, deep leadership bench, and risk management
infrastructure
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First Busey Corporation | Ticker: BUSE
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58 branches across four states: Illinois, Missouri, Indiana, and Florida
Premier commercial bank, wealth management, and payment technology solutions for individuals
and businesses
▪ Significant revenue derived from diverse and complementary fee income sources
▪ Noninterest income / revenue (ex-securities gains/losses)³ of 28.5% for 4Q23
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Organic growth across key business lines driven by regional operating model that aligns
commercial, wealth and FirsTech operations
Efficient and right-sized branch network (average deposits per branch of $177 million)
Leverage track record as proven successful acquirer to expand through disciplined M&A; announced
acquisition of Merchants & Manufacturers Bank Corp. on 11/27/23
Wealth management and payment technology solutions account for 62.2% of noninterest income
(ex-securities gains/losses) in 4Q23
Sizable business lines provide for a full suite of solutions for our clients across their lifecycle
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Adjusted ROAA of 0.94% & Adjusted ROATCE of 13.64% ¹ for 4Q23
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4Q23 NIM of 2.74% ¹
Adjusted Core Efficiency Ratio of 60.1% ¹ for 4Q23
Adjusted diluted EPS of $0.52¹ for 4Q23
Quarterly dividend of $0.24 (4.0% yield)
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BUILT ON A FORTRESS BALANCE SHEET
Pristine asset quality, highly diversified loan portfolio, & capital levels significantly in excess of well-capitalized minimums
Non-GAAP calculation, see Appendix | 2 Estimated uninsured & uncollateralized deposits consists of the excess of accounts over $250K FDIC insurance limit, less internal accounts and
fully-collateralized accounts (incl. preferred deposits) | Non-GAAP, revenue consists of net interest income plus noninterest income, excluding security gains and losses Based on
BUSE closing stock price on 1/22/24
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