First Busey Results Presentation Deck
2Q23 Earnings Investor Presentation
Top Tier Core Deposit Franchise
Deposit Portfolio Composition | 2Q23
Non-Int
DDA
31%
CD > 250k
2%
$10,474
$10,451
98.7%
Total
Deposits:
$10.1
Billion
CD <
250k
13%
2022 Q1
Core Deposits/Total Deposits
$ in millions
$10,381
Int DDA
26%
$10,277
98.9%
First Busey Corporation | Ticker: BUSE
Savings &
MMDA
28%
$10,468
$10,496
99.0%
2022 Q3
$10,225
$9,950
98.8%
Core Deposits
97%
2022 Q4
MRQ Avg Cost
of Total Deposits
1.09%
MRQ Avg Cost of
Non-Time Deposits
0.81%
Avg Deposits
per Branch
$173 million
Avg Non Maturity Acct
Balance at 6/30/23
$34 thousand
$9,760
$9,594
97.9%
2022 Q2
Core Deposits
2023 Q1
Core/Total Deposits
Avg Core Deposits
¹ Other deposits include brokered MMA, brokered CDs, ICS Demand & Savings, CDAR CDs | 2 Non-GAAP calculation, see Appendix
$9,587
$9,759
97.0%
2023 Q2
Total Deposits & Loan-to-Deposit Ratio
$ in millions
$10,592
$10,617
68.7%
2022 Q1
■
■
I
.
·
■
Retail
$10,397
$10,506
72.1%
2022 Q2
Commercial
$10,601
$10,577
72.4%
2022 Q3
Public
$10,071
$10,338
76.7%
2022 Q4
Other 1
$9,801
$9,910
79.4%
2023 Q1
Avg Deposits
2023 Deposit Flows
Following the recent industry turmoil, we observed positive inflows into retail
deposit accounts along with net outflows in commercial deposit accounts,
principally to meet working capital needs in the ordinary course of business
Public deposits were up $271 million, demonstrating typical seasonality with
balances historically peaking mid-year
$10,063
$9,852
77.6%
At 6/30/23, our spot deposit cost was 0.90% for non-maturity deposits and
1.24% for total deposits
2023 Q2
LDR
Experienced net deposit outflows into Busey Wealth Management as we continue
to adapt to client needs while keeping clients in the Busey ecosystem
Seeing beginning of rotation from non-interest bearing (down $87 million QoQ)
into interest-bearing nonmaturity accounts (up $26 million QoQ)
Time deposit campaigns generated significant production, with a $323 million
increase in balances during the quarter. New production in 2Q23 had a weighted
average term of 10.7 months at a rate of 4.25%
13
BView entire presentation