First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
Top Tier Core Deposit Franchise
Deposit Portfolio Composition | 4Q23
Non-Int
DDA
28%
CD > 250k
4%
$ in millions
$10,468
$10,496
Int DDA
26%
99.0%
Total
Deposits:
$10.3
Billion
CD <
250k
14%
2
Core Deposits ² / Total Deposits
$10,225
$9,950
98.8%
Savings &
MMDA
28%
2022 Q3 2022 Q4
Core Deposits
$9,760
First Busey Corporation | Ticker: BUSE
$9,594
97.9%
$9,587
$9,759
97.0%
2023 Q1
2023 Q2
Avg Core Deposits
Core Deposits
96%
MRQ Avg Cost
of Total Deposits
1.74%
MRQ Avg Cost of
Non-Time Deposits
1.31%
Avg Deposits
per Branch
$177 million
Avg Non Maturity Acct
Balance at 12/31/23
$35 thousand
$9,812
$9,976
96.6%
$10,002
$9,899
96.2%
2023 Q3
2023 Q4
Core/Total Deposits
Total Deposits & Loan-to-Deposit Ratio
$ in millions
$10,601
$10,577
72.4%
2022 Q3
.
▪
I
▪
$10,071
$10,338
76.7%
2022 Q4
Retail
Avg Deposits
¹ Other deposits include brokered MMA, brokered CDs, ICS Demand & Savings, CDAR CDs | 2 Non-GAAP calculation, see Appendix
$9,801
$9,910
79.4%
LDR
2023 Q1
Commercial
$10,063
$9,852
77.6%
2023 Q2
Public
$10,332
$10,143
76.0%
2023 Q3
$10,291
17
$10,373
Experienced other typical 4Q23 outflows related to normal business
operations for certain commercial customers
74.4%
2023 Q4
Other 1
4Q23 Deposit Flows
Significant inflow from retail (up $192 million QoQ)
Public deposits were down $120 million QoQ and up $70 million YoY,
demonstrating stability as well as typical seasonality. Historically would
expect a continued seasonal decline in 1024 before net inflows in 2Q24 and
3Q24
Had net deposit outflows into Busey Wealth Management as we continue to
adapt to client needs while keeping clients in the Busey ecosystem
Strong production from CD campaigns continued, with time deposit balances
up $153 million QoQ. New production in 4Q23 had a weighted average term
of 9.3 months at a rate of 4.34%, 101 bps below our marginal wholesale
funding cost during the quarter
▪ At 12/31/23, our spot deposit cost was 1.28% for non-maturity deposits
and 1.76% for total deposits
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