First Busey Reports Q2 2026 Earnings: $0.69 Adjusted EPS, Strong Wealth Management, and Active Buybacks

summarizeSummary

First Busey posted Q2 2026 adjusted EPS of $0.69, up 9.5% YoY, with record wealth management revenue and $63.1M in share repurchases. Strong deposit growth and stable credit quality offset modest loan contraction.

check_boxKey Events · Earnings and Guidance · BUSE

• Q2 Earnings Beat

  Adjusted diluted EPS of $0.69, up 9.5% YoY, on net income of $63.2M. Adjusted ROAA improved to 1.43% and adjusted ROATCE to 14.61%.

• Record Wealth Management Revenue

  Wealth management fees hit a third consecutive record at $20.0M, up 19% YoY, with assets under care reaching $16.51B.

• Aggressive Share Repurchases

  Repurchased 2.34M shares for $63.1M in Q2 at an average price of $26.98. Year-to-date buybacks total $128.8M, with 3.9M shares remaining under authorization.

• Strong Deposit Growth, Loan Contraction

  Deposits grew $392.7M QoQ (11% annualized), while portfolio loans declined $265M due to payoff headwinds. Loan-to-deposit ratio improved to 87.2%.

auto_awesomeAnalysis · BUSE · Finance

First Busey delivered a solid quarter with adjusted EPS of $0.69, up 9.5% year-over-year, driven by expanding net interest margin and record wealth management fees. Profitability metrics improved, with adjusted ROAA reaching 1.43% and efficiency ratio tightening to 54.0%. The company continued aggressive share repurchases, buying back $63.1 million in stock during the quarter, bringing year-to-date buybacks to $128.8 million. Deposit growth was robust at 11% annualized, while loans contracted modestly. Asset quality remains strong overall, though non-performing assets ticked up due to one commercial credit. The results reinforce Busey's capital strength and disciplined expense management, supporting ongoing shareholder returns.