First Busey Results Presentation Deck
4Q23 Earnings Investor Presentation
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Fortress Balance Sheet
High Quality, Resilient
Loan Portfolio
Strong Core Deposit
Franchise &
Ample Liquidity
Robust Capital
Foundation
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Classified assets reduced $35 million, or 32%, from 12/31/22 to 12/31/23
Reserves remain above initial Day 1 CECL coverage of 1.06%: ACL/Loans: 1.20% | ACL/NPLs: 1,174%
- 100 / 300 Test: 32% C&D | 213% CRE-I
Minimal office CRE-I located in metro central business districts; substantial majority of office properties
are in suburban locations and 41% of the office CRE-I portfolio is medical office
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Diversified portfolio, conservatively underwritten with low levels of concentration
Non-performing (0.06% of total assets) and classified assets (5.0% of capital¹) both remain near
historically low levels
First Busey Corporation | Ticker: BUSE
Robust holding company and bank-level liquidity
Strong core deposit franchise
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74.3% loan-to-deposit ratio, 96.2% core deposits²
▪ 27.5% of total deposits are noninterest-bearing
▪ Low level of estimated uninsured & uncollateralized deposits³ at 27% of total deposits at 12/31/23
Cash & Equivalents + Available-For-Sale Securities carrying value represents 100% of estimated
uninsured & uncollateralized deposits³
Substantial sources of available off-balance sheet contingent funding totaling $4.0 billion, representing an
additional 1.4x coverage of estimated uninsured & uncollateralized deposits³ at 12/31/23
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Untapped borrowing capacity ($4.0 billion in aggregate): $1.9 billion with FHLB, $0.6 billion with FRB
discount window, $0.5 billion with Unsecured Fed Funds lines, and $1.0 billion brokered deposit
capacity
▪ Brokered deposit market continues to remain untapped
No borrowings from FHLB as of 12/31/23
No utilization of the Fed's Bank Term Funding Program
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Capital ratios significantly in excess of well-capitalized minimums
Total RBC of 17.4% and CET1 ratio of 13.1% at 12/31/234
TCE/TA ratio of 7.75% at 12/31/232, up from 6.60% at 12/31/2022
TBV per share of $16.62 at 12/31/232, an increase of 17.5% from $14.14 at 12/31/2022
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Capital calculated as Bank Tier 1 Capital + Allowance for credit losses | Non-GAAP calculation, see Appendix | Estimated uninsured & uncollateralized deposits consists of the excess of
accounts over $250K FDIC insurance limit, less internal accounts and fully-collateralized accounts (including preferred deposits) | Capital ratios are preliminary estimates
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