First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
Balanced, Low-Risk, Short Duration Investment Portfolio
Investment Portfolio Composition | 4Q23
Municipals
6%
U.S. Treasuries
& Agencies
1%
Corporate
7%
CLOS
14%
CMOS
33%
Total Securities
(Amortized Cost):
$3.2
Billion
Commercial
MBS
17%
Residential
MBS
22%
All Mortgage-Backed Securities &
Collateralized Mortgage Obligations
are Agency
191% of Municipal holdings rated AA
or better and 8% rated A
First Busey Corporation | Ticker: BUSE
99% of Corporate holdings are
investment grade
I Collateralized Loan Obligation
portfolio consists of 86% rated AAA
and 14% rated AA
AFS % of
Amortized Cost
73%
HTM % of
Amortized Cost
27%
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BUSE carried $873 million in held-to-maturity (HTM) securities as of
12/31/23
$110 million of available-for-sales securities sold during 4Q23 as
portion of two-part balance sheet repositioning (detailed on next
page)
$918
The duration of the securities portfolio including HTM is 4.0 years and
our fair value duration, which excludes the HTM portfolio, is 3.7 years
After-tax net AFS unrealized loss position of $177 million
Projected AOCI burn down through the end of 2024 is $45 million, or
21% of total AOCI at 12/31/23
Carrying value of investment portfolio is 24% of total assets
Projected 2024 roll off cash flow (based on static rates) of
$342 million at ~1.57% yield.
Over the last four quarters, the size of the investment portfolio has
decreased by $485 million as balance sheet rotation continues
Securities Portfolio - Amortized Cost vs. TE Yield
$ in millions
$3,702
$2,784
2.34%
2022 Q4
$3,582
$908
$2,674
2.48%
2023 Q1
Amortized Cost AFS
$3,484
$894
$2,590
2.60%
2023 Q2
Amortized Cost HTM
$3,409
$883
$2,526
2.67%
$3,217
2023 Q3
27
$873
$2,344
2.71%
2023 Q4
Tax Equivalent Yield
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