FIRST BUSEY CORP DEP SHS REPSTG 1/40TH INT NON CUM PE | 8-K: FY2025 Q3 Revenue: USD 285.7 M

Revenue: As of FY2025 Q3, the actual value is USD 285.7 M.

EPS: As of FY2025 Q3, the actual value is USD 0.58.

EBIT: As of FY2025 Q3, the actual value is USD -77.84 M.

Segment Revenue

• Total Operating Revenue: Increased from $192 million in Q2 2025 to $197 million in Q3 2025.
• Net Interest Income: Rose from $153 million in Q2 2025 to $155 million in Q3 2025.
• Adjusted Noninterest Income: Increased from $39 million in Q2 2025 to $42 million in Q3 2025.

Operational Metrics

• Net Income: $57.1 million for Q3 2025, compared to $47.4 million in Q2 2025 and $32.0 million in Q3 2024.
• Annualized Return on Average Assets: 1.21% for Q3 2025.
• Annualized Return on Average Tangible Common Equity: 11.96% for Q3 2025.
• Adjusted Net Income to Common Shareholders: Remained stable at $57 million for both Q2 and Q3 2025.
• Adjusted Efficiency Ratio: Improved slightly from 55.3% in Q2 2025 to 54.8% in Q3 2025.
• Adjusted Return on Average Assets (ROAA): Increased from 1.21% in Q2 2025 to 1.33% in Q3 2025.
• Adjusted Return on Average Tangible Common Equity (ROATCE): Decreased from 13.61% in Q2 2025 to 13.20% in Q3 2025.

Noninterest Income

• Total noninterest income for Q3 2025 was $41.2 million, a decrease of 8.2% compared to Q2 2025, but an increase of 14.9% compared to Q3 2024.

Noninterest Expense

• Total noninterest expense for Q3 2025 was $120.0 million, a decrease of 6.1% compared to Q2 2025, and an increase of 58.9% compared to Q3 2024.

Cash Flow

• Cash and cash equivalents as of September 30, 2025, were $385.5 million, compared to $752.4 million as of June 30, 2025.

Unique Metrics

• Wealth management fees for Q3 2025 were $17.2 million, compared to $16.8 million in Q2 2025 and $15.4 million in Q3 2024.
• Net Interest Margin (NIM): Increased from 3.49% in Q2 2025 to 3.58% in Q3 2025, reflecting balance sheet optimization and higher loan repricing.
• Loan Contraction: New loan production of $584 million was offset by payoffs totaling $575 million, including $134 million of PCD loan payoffs.

Outlook / Guidance

• The company expects its balance sheet optimization to be largely complete by the end of the year, with relative stability in loans and deposits as it continues to execute on its disciplined organic growth strategy.
• The company anticipates further cost reductions in high-cost non-relationship deposits, with an additional runoff expected in Q4 2025. This is expected to be mitigated by organic growth.
• The balance sheet is well-positioned for rate neutrality, with a focus on pricing discipline and term structure for both loans and deposits.
• The company expects total cost of deposits to decrease further in Q4 2025, following assumed rate cuts and the final phase of balance sheet optimization.