First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
Deposit Cost Trends
Historical Cost of Deposits, 2015 - 4Q23 ¹
BUSE Cost of Deposits
Effective Fed Funds Rate (Quarter Average)
6.0%
5.5%
5.0%
4.5%
4.0%
3.5%
3.0%
2.5%
2.0%
1.5%
1.0%
0.5%
0.0%
Quarterly Average Cost of Deposits
Commercial
All IB Non-Maturity
Cost of Deposits (bps)
280
260
240
220
200
180
160
140
120
100
80
60
40
20
IB Non-
Maturity
Non-Time
Deposits
Total Deposits
-
Retail
Public
- All Non-Time Deposits
2022 Q4
0.44%
0.28%
0.32%
2023 Q1
0.78%
0.49%
0.60%
First Busey Corporation | Ticker: BUSE
2023 Q2
1.27%
0.81%
1.09%
2023 Q3
1.65%
1.09%
1.45%
A
-
·
"
m
279
196
167
147
131
2023 Q4
1.96%
1.31%
1.74%
2
Cumulative Deposit Betas ² for
Tightening Cycle-to-Date
Retail
Commercial
Public
IB Non-
Maturity
All IB
Deposits
Total
Deposits
+10% 10%
IB Non-Maturity
+6%
2022 Q4
+1%
+7%
+27%
+10%
+10%
+6%
+17%
+16%
+12%
2023 Q1
+6%
+12%
+33%
+16%
+17%
+12%
All IB Deposits
+29%
+24%
+20%
2023 Q2
+16%
+18%
+46%
+24%
+29%
+20%
+37%
+31%
1
Quarterly effective fed funds per FRED, Federal Reserve Bank of St. Louis. Average during quarter, not seasonally adjusted | ² Deposit betas are calculated based on an average
fed funds target rate of 0.92% during 2Q22, 2.35% (3Q22), 3.82% (4Q22), 4.69% (1Q23), 5.16% (2023), and 5.50% (4Q23).
+26%
2023 Q3
+24%
+21%
+48%
+31%
Total Deposits
+37%
+26%
19
+43%
+36%
+31%
2023 Q4
+29%
+27%
+52%
+36%
+43%
+31%
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