First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
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Pristine Credit Quality
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Conservative underwriting leads to pristine credit quality
CRE factors of DSCR, Debt Yield, & LTV stressed for effective gross
income decline and interest & cap rate stress
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C&I factors including core, operating, traditional cash flows, working
capital, and leverage ratios that each are stressed for rate hikes,
historical revenue volatility, and a rigorous breakeven analysis
Strong portfolio management that identifies early warning indicators and
proactively engages the special assets group early in the credit review
process (special assets group has remained intact since the 2008-2009
recession)
Company-wide attention to changing economic environment and potential
impact on credit
NPAS reduced to $7.9 million (0.06% of assets) during 4Q23 and classified
assets declined $35.0 million YoY to 5.0% of Bank Tier 1 Capital + ALLL
4Q23 net charge-offs totaled $0.4 million, an annualized rate of 0.02% of
average loans¹
2
Classifieds / Capital ²
Classified
Assets
$ in millions
$1,099
9.7%
2019 YE
$106.9
Bank Tier 1 Capital + ALLL
$1,155
8.5%
First Busey Corporation | Ticker: BUSE
2020 YE
$97.8
$1,329
6.9%
2021 YE
$91.8
Classified/Capital
$1,398
7.7%
2022 YE
$107.1
$1,455
5.0%
2023 YE
$72.3
NPAS/ Assets
$ in millions
NPAS
$9,696
0.34%
2019 YE
NCOS
$32.6
$ in millions
$6,470
0.11%
NCOS / Average Loans
2019 YE
Assets
$7.3
$10,544
0.27%
2020 YE
$28.9
$7,007
0.12%
Avg Loans
2020 YE
$8.3
% NPAS/Assets
$12,860
0.17%
2021 YE
$21.3
$6,970
0.03%
2021 YE
$2.2
$12,337 $12,283
0.13%
NCOS/Avg Loans
2022 YE
$16.6
$7,446
0.01%
2022 YE
$0.9
2
1
Average loans was calculated as the average of the ending portfolio loans balances over the most recent four quarters | ² Capital calculated as Busey Bank Tier 1 Capital + Allowance for
credit losses
0.06%
2023 YE
$7.9
$7,759
0.03%
2023 YE
$2.3
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