First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
Actively Managing Asset-Sensitive Balance Sheet
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First Busey Corporation | Ticker: BUSE
Balance sheet remains asset-sensitive
A +100 bps rate shock for Year 1 is slightly up to +1.8% from
+1.6% in 3Q23
▪ A -100 bps rate shock for Year 1 is -1.9%; unchanged from 3Q23
Continue to evaluate off-balance sheet hedging strategies as well as
embedding rate protection in our asset originations to provide
stabilization to net interest income in lower rate environments
Vigilant focus on pricing discipline for both loans and deposits
7% of deposits are indexed/floating rate
▪ 38% of loan portfolio reprices in less than one year
Repricing / Maturity Structures of Portfolio Loans
Within 1 Year
38%
5+ Years
27%
1-2 Years
6%
2-3 Years
10%
3-5 Years
19%
1 Deposit betas are calculated based on an average fed funds target rate of 5.50% during 4Q23
Annual % Change in Net Interest Income
under Shock Scenarios
Rate Shock
+200 bps
+100 bps
-100 bps
-200 bps
21%
Year 1
26%
+3.6%
+1.8%
-1.9%
-3.9%
Balance sheet is projected over one- & two-year time horizons
and net interest income is calculated under current market
rates assuming permanent instantaneous shifts
Deposit Betasin last Tightening Cycle
vs. Current ALCO Model Forecast
ALCO Model Forecast - Peak NM Deposits Beta, 46%
ALCO Model Forecast - Peak Total Deposits Beta, 35%
3Q15 - 2019
(+225 bps move in FF)
IB Non-Maturity Beta
Year 2
36%
31%
+4.2%
+2.1%
-3.0%
-6.1%
1Q22 - 4Q23
(+525 bps move in FF)
Total Deposit Beta
24
Compared to prior
quarter, Peak IB NM
deposit beta increased
from 41% to 46% and
peak total deposit beta
was unchanged at 35%
Change in projected
betas driven by
expected rotation of
time deposits into NM
and persistent deposit
competition
Peak beta expected to
occur in late 2024
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