First Busey Results Presentation Deck
2Q23 Earnings Investor Presentation
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Fortress Balance Sheet
Robust Capital
Foundation
High Quality, Resilient
Loan Portfolio
Strong Core Deposit
Franchise &
Ample Liquidity
Capital ratios significantly in excess of well-capitalized minimums
▪ Total RBC of 16.6% and CET1 ratio of 12.4% at 6/30/23 ¹
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▪ TCE/TA ratio of 7.18% at 6/30/23 ²
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TBV per share of $15.25 at 6/30/23 ²
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First Busey Corporation | Ticker: BUSE
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Diversified portfolio, conservatively underwritten with low levels of concentration
Non-performing (0.13% of total assets) and classified assets (5.7% of capital³) both remain near historically low levels
Classified assets reduced $22 million, or 21.2%, in 2023
Reserves remain above initial Day 1 CECL coverage of 1.06%: ACL/Loans: 1.17% | ACL/NPLs: 580.80%
100 / 300 Test: 38% C&D | 213% CRE
Minimal office CRE located in metro central business districts; substantial majority of office properties are in suburban locations and
41% of the total office portfolio is medical office
Robust holding company and bank-level liquidity
Strong core deposit franchise
▪ 77.6% loan-to-deposit ratio, 97.0% core deposits²
▪ 30.7% of total deposits are noninterest-bearing
Low level of estimated uninsured deposits at 26% of total deposits at 6/30/23
Cash & Equivalents + Available-For-Sale Securities carrying value represents 95% of estimated uninsured deposits
Substantial sources of available off-balance sheet contingent funding totaling $3.8 billion, representing an additional 1.4x coverage
of estimated uninsured deposits at 6/30/23
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Untapped borrowing capacity ($3.8 billion in aggregate): $1.6 billion with FHLB, $0.7 billion with FRB discount window,
$0.5 billion with Unsecured Fed Funds lines, $1.0 billion brokered deposit capacity
Brokered deposit market continues to remain untapped
▪ No utilization of the Fed's Bank Term Funding Program
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Capital ratios are preliminary estimates | Non-GAAP calculation, see Appendix | Capital calculated as Bank Tier 1 Capital + Allowance for credit losses
Estimated uninsured deposits consists of excess of accounts >$250K, less internal accounts and collateralized accounts (incl. preferred deposits)
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