Revenue: As of FY2026 Q2, the actual value is USD 268.74 M.

EPS: As of FY2026 Q2, the actual value is USD 0.69, beating the estimate of USD 0.6329.

EBIT: As of FY2026 Q2, the actual value is USD 81.89 M.

Financial Performance Overview

First Busey Corporation reported an adjusted net income to common shareholders of $59 million for both the first quarter and second quarter of 2026. The adjusted net income to common shareholders for the second quarter of 2026 was $59.1 million. Total operating revenue was $194 million in the second quarter of 2026, a decrease from $197 million in the first quarter of 2026. The company achieved an adjusted Return on Average Assets (ROAA) of 1.43% and an adjusted Return on Average Tangible Common Equity (ROATCE) of 14.61% in the second quarter of 2026. The efficiency ratio for the second quarter of 2026 was 54.0%. First Busey Corporation delivered positive operating leverage of +1.4% in the second quarter of 2026. Operating revenue per employee increased to $106 thousand at June 30, 2026, up 37% since December 31, 2024.

Net Income

First Busey Corporation reported net income of $63.176 million for the second quarter of 2026, an increase from $49.981 million in the first quarter of 2026 and $47.404 million in the second quarter of 2025. For the six months ended June 30, 2026, net income was $113.157 million, compared to $17.414 million for the same period in 2025. Adjusted net income (Non-GAAP) was $63.7 million, or $0.69 per diluted common share, for the second quarter of 2026, compared to $63.2 million, or $0.67 per diluted common share, for the first quarter of 2026 and $57.4 million, or $0.63 per diluted common share, for the second quarter of 2025.

Net Interest Income and Margin

Net interest income for the second quarter of 2026 was $152.402 million, a decrease of $1.6 million compared to the first quarter of 2026, primarily due to lower purchase accounting accretion of $1.2 million. For the six months ended June 30, 2026, net interest income was $306.371 million, up from $256.914 million in the prior year period. Net Interest Income (GAAP) was $152.4 million for the second quarter of 2026, down from $153.969 million in the first quarter of 2026. Purchase Accounting Accretion (PAA) contribution to Net Interest Income declined by $1.2 million quarter-over-quarter. Ex-PAA net interest income and NIM were relatively stable, down -0.3% and 2 basis points, respectively, quarter-over-quarter.First Busey Corporation’s net interest margin (Non-GAAP) was 3.72% for the second quarter of 2026, easing from 3.77% in the first quarter of 2026, but up from 3.49% in the second quarter of 2025. The adjusted net interest margin (Non-GAAP) was 3.62% for the second quarter of 2026, compared to 3.64% in the first quarter of 2026 and 3.33% in the second quarter of 2025. The net interest margin (NIM) was 3.72% in the second quarter of 2026, slightly down from 3.77% in the first quarter of 2026. The adjusted net interest margin was 3.62% in the second quarter of 2026, compared to 3.64% in the first quarter of 2026.

Provision for Credit Losses

Provision for credit losses was $2.189 million for the second quarter of 2026, down from $3.058 million in the first quarter of 2026 and $5.700 million in the second quarter of 2025. For the six months ended June 30, 2026, the provision was $5.247 million, significantly lower than $51.293 million for the same period in 2025. The net credit provision expense for the second quarter of 2026 was -$2.2 million.

Noninterest Income

Total noninterest income was $44.311 million for the second quarter of 2026, an increase of 4.8% compared to $42.265 million in the first quarter of 2026, but a decrease of 1.2% compared to $44.863 million in the second quarter of 2025. Adjusted noninterest income for the second quarter of 2026 was $41.9 million, a slight decrease from $43 million in the first quarter of 2026. This segment contributed 21.6% of total operating revenue in the second quarter of 2026.Key components of noninterest income included: Wealth management fees: $19.981 million in the second quarter of 2026, up 3.2% from $19.370 million in the first quarter of 2026 and up 19.1% from $16.777 million in the second quarter of 2025. Wealth management fees were $19,981 thousand in the second quarter of 2026, a 19% increase year-over-year, representing 47.7% of adjusted noninterest income. Payment technology solutions: $4.968 million in the second quarter of 2026, compared to $5.077 million in the first quarter of 2026 and $4.956 million in the second quarter of 2025. Treasury management services: $4.789 million in the second quarter of 2026, up 7.5% from $4.456 million in the first quarter of 2026. Net securities gains (losses): $2.445 million in the second quarter of 2026, compared to -$0.94 million in the first quarter of 2026 and $5.997 million in the second quarter of 2025. Capital Markets: $1,871 thousand in the second quarter of 2026. Other noninterest income: Declined by $1.8 million, or 42.3%, compared to the first quarter of 2026, and by $0.8 million, or 24.3%, compared to the second quarter of 2025, mainly due to decreases from private equity investments, mortgage revenue, and commercial loan sales gains. Other noninterest income decreased quarter-over-quarter due to declines in other asset valuations and seasonality of SBA loan gain on sales.

Noninterest Expense and Operating Efficiency

Total noninterest expense was $112.635 million for the second quarter of 2026, decreasing by 13.0% from $129.519 million in the first quarter of 2026 and by 11.9% from $127.833 million in the second quarter of 2025. Adjusted noninterest expense decreased by 2.9% quarter-over-quarter to $109.5 million in the second quarter of 2026.Key components of noninterest expense included: Salaries and employee benefits: Declined by $17.6 million, or 20.6%, compared to the first quarter of 2026, and by $10.7 million, or 13.6%, compared to the second quarter of 2025. Adjusted salaries and benefits were $65.6 million in the second quarter of 2026. Data processing expenses: Declined by $1.0 million, or 10.1%, compared to the first quarter of 2026, and by $5.2 million, or 36.8%, compared to the second quarter of 2025. Data processing expenses were $8.9 million in the second quarter of 2026. Occupancy and equipment: $10.2 million in the second quarter of 2026. Professional fees: $2.3 million in the second quarter of 2026. Other noninterest expense: Increased by $1.7 million, or 12.5%, compared to the first quarter of 2026, and by $1.2 million, or 8.3%, compared to the second quarter of 2025, primarily due to marketing and business development costs.The efficiency ratio (Non-GAAP) was 54.0% for the second quarter of 2026, an improvement from 54.8% in the first quarter of 2026 and 55.3% in the second quarter of 2025.

Balance Sheet and Asset Quality

• Total Assets: $18.191 billion as of June 30, 2026, compared to $18.036 billion as of March 31, 2026, and $18.918 billion as of June 30, 2025.
• Portfolio Loans: $13.195 billion as of June 30, 2026, a decrease from $13.459 billion as of March 31, 2026, and $13.808 billion as of June 30, 2025. Total loans were $13.2 billion in the second quarter of 2026, a decline of $265 million quarter-over-quarter, impacted by payoff headwinds.
• Commercial loans: Totaled $10.439 billion as of June 30, 2026, with Commercial real estate (CRE) loans comprising $5.452 billion (41.3% of total loan portfolio) and 26.3% owner-occupied. The loan portfolio is commercially-oriented, with 30% Commercial & Industrial, 30% Non-Owner-Occupied CRE, and 16% Residential Real Estate.
• Allowance for Credit Losses: $164.204 million as of June 30, 2026, representing 1.24% of total portfolio loans and 2.44 times non-performing loans. The Allowance for Credit Losses to Loans was 1.24% in the second quarter of 2026, and Allowance to Nonperforming Loans coverage was 2.44x.
• Non-performing Assets (NPAs): Increased to $70.305 million as of June 30, 2026, from $49.948 million as of March 31, 2026, and $58.151 million as of June 30, 2025. This represented 0.39% of total assets. NPAs to Total Assets were at 0.39% in the second quarter of 2026.
• Net Charge-offs (NCOs): $6.382 million for the second quarter of 2026, a decrease of $1.0 million from $7.362 million in the first quarter of 2026 and $6.5 million from $12.881 million in the second quarter of 2025. The net charge-off ratio was 0.19% for the second quarter of 2026. NCOs were at 19 basis points during the second quarter of 2026.
• Loans 90+ days past due: Totaled $4.7 million (0.04% of total loans) at June 30, 2026.

Deposits and Liquidity

• Total Deposits: $15.128 billion as of June 30, 2026, up from $14.736 billion as of March 31, 2026, but down from $15.801 billion as of June 30, 2025. Deposit balances increased by $392.7 million, or 2.7% annualized, during the second quarter of 2026. Total deposits increased by $393 million, or 2.7% quarter-over-quarter, reaching $15.1 billion in the second quarter of 2026, driven by seasonal public funds inflows and strategic efforts.
• Core Deposits: Accounted for 93.7% of total deposits as of June 30, 2026. The core deposit base is 93.7% of total deposits.
• Loan to Deposit Ratio: Improved to 87.2% as of June 30, 2026, from 91.3% as of March 31, 2026.
• Brokered Funding: $60.0 million, comprising 0.4% of total deposits, consistent with the prior quarter.
• Total Deposit Cost of Funds: Decreased from 1.81% in the first quarter of 2026 to 1.80% in the second quarter of 2026. The low cost of core deposits was 1.80% in the second quarter of 2026.
• Borrowings: Reduced by $184.6 million compared to the first quarter of 2026, with total borrowings at $285.734 million as of June 30, 2026. Deposit inflows allowed for a reduction of borrowings by $185 million quarter-over-quarter.
• Available Liquidity: Totaled $8.85 billion as of June 30, 2026, with expected cash flows from the securities portfolio of approximately $171.9 million for the remainder of 2026.

Capital Strength

• Common Equity Tier 1 Capital to Risk Weighted Assets: 12.53% as of June 30, 2026, an increase from 12.31% as of March 31, 2026, and 12.22% as of June 30, 2025. Preliminary Common Equity Tier 1 (CET1) Ratio was 12.5% in the second quarter of 2026.
• Total Capital to Risk Weighted Assets: 16.10% as of June 30, 2026, up from 15.87% as of March 31, 2026, and 15.75% as of June 30, 2025.
• Tangible Common Equity: $1.696 billion as of June 30, 2026, compared to $1.722 billion as of March 31, 2026, and $1.709 billion as of June 30, 2025. Total Common Equity (TCE) Ratio was 9.6% in the second quarter of 2026, representing an excess of over $820 million above well-capitalized minimums.
• Tangible Book Value Per Common Share: $20.40 as of June 30, 2026, up 6.4% year-over-year (11.7% inclusive of dividends).
• Share Repurchases: First Busey Corporation purchased 2,340,000 shares of its common stock for $63.1 million in the second quarter of 2026. As of June 30, 2026, 3,898,775 shares remained available for repurchase under the plan. The company repurchased approximately 9% of total common shares outstanding since March 2025, returning nearly $200 million to shareholders via buybacks.
• Quarterly Common Stock Dividend: $0.26, with a dividend payout ratio ranging from 37% to 39% over the last twelve months.

Operational Metrics

• Wealth Management Assets Under Care (AUC): Reached a record $16.51 billion at the end of the second quarter of 2026, up from $15.65 billion in the first quarter of 2026 and $14.10 billion in the second quarter of 2025. Wealth AUC grew to $16.5 billion as of June 30, 2026, an increase of 17% year-over-year, supported by net new inflows, including from new Western markets.
• Wealth segment revenue: For the second quarter of 2026 was $20.1 million, a 19% increase year-over-year, marking the third consecutive quarter of record quarterly revenue.
• Pre-tax profit margin for the wealth segment: 49.0% in the second quarter of 2026.
• AUC in new Western markets: Grew to $160 million as of June 30, 2026.

Outlook / Guidance

First Busey Corporation anticipates that a +100 basis point parallel rate shock is expected to increase net interest income by 1.8% over the subsequent twelve-month period. The company continues to implement strategies to provide consistent and predictable net interest income performance across different interest rate environments and plans to continue optimizing capital allocation. Anticipated quarter-over-quarter loan balance decline is influenced by payoff headwinds that are expected to continue into the third quarter of 2026, but the company expects to benefit from low-yield loans and securities rolling off into higher-yield products.