FIRST BUSEY CORPORATION BUSE Income Statement

First busey corporation (BUSE)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09
Interest income:
Interest and fees on loans
304,193	251,249	202,643	147,816	100,395	92,395	92,233	98,614	114,791	138,860	161,971
Interest and dividends on investment securities:
Taxable interest income
41,090	27,595	16,359	13,987	14,330	12,427	12,570	14,626	15,192	14,344	19,187
Non-taxable interest income
4,631	4,698	3,856	3,086	3,297	3,253	3,893	3,676	2,836	2,979	3,352
Other interest income
6,320	2,491	1,444	-	-	-	-	-	-	-	-
Total interest income
356,234	286,033	224,302	164,889	118,022	108,075	108,696	116,916	132,819	156,183	184,510
Interest expense:
Deposits
55,077	32,601	12,932	7,065	4,756	5,123	7,099	12,496	18,660	32,714	60,079
Federal funds purchased and securities sold under agreements to repurchase
2,348	1,626	978	393	182	186	186	279	367	554	1,093
Short-term borrowings
1,041	1,536	1,096	641	6	-	15	35	38	86	1,136
Long-term debt
2,608	906	550	220	46	7	125	648	1,442	2,930	4,900
Senior notes
1,599	1,598	962	-	-	-	-	-	-	-	-
Subordinated notes
2,924	3,110	1,892	-	-	-	-	-	-	-	-
Junior subordinated debt owed to unconsolidated trusts
3,414	3,250	2,526	1,910	1,217	1,183	1,206	1,312	1,919	2,748	2,901
Total interest expense
69,011	44,627	20,936	10,229	6,207	6,499	8,631	14,770	22,426	39,032	70,109
Net interest income
287,223	241,406	203,366	154,660	111,815	101,576	100,065	102,146	110,393	117,151	114,401
Provision for loan losses
10,406	4,429	5,303	5,550	1,600	2,000	7,500	16,500	20,000	42,000	251,500
Net interest income after provision for loan losses
276,817	236,977	198,063	149,110	110,215	99,576	92,565	85,646	90,393	75,151	-137,099
Non-interest income:
Service charges on deposit accounts
-	-	-	-	-	12,038	11,947	11,646	12,616	11,490	12,358
Other service charges and fees
-	-	-	-	-	6,238	5,961	5,717	5,298	5,102	4,728
Mortgage revenue
11,703	5,545	11,140	11,952	7,165	6,139	-	-	-	-	-
Income on bank owned life insurance
5,795	3,726	2,579	-	-	-	-	-	-	-	-
Net gains on sales of securities
741	-1,831	1,143	1,232	380	776	553	1,597	170	1,018	130
Unrealized (losses) gains recognized on equity securities
-759	2,162	-	-	-	-	-	-	-	-	-
Gain on sales of loans, net
-	-	-	-	-	-	10,227	12,535	10,945	16,130	12,379
Other income
8,649	6,193	5,307	4,336	3,585	2,054	4,604	7,237	3,275	3,677	8,727
Total non-interest income
116,415	89,993	84,474	75,169	64,792	58,941	62,583	66,852	59,015	62,753	66,014
Non-interest expense:
Data processing
21,511	16,383	16,716	20,645	12,940	10,879	10,465	11,061	8,635	7,977	7,922
Salaries, wages and employee benefits
140,473	107,844	95,633	78,397	63,516	61,341	52,891	53,668	43,344	41,219	44,519
Employee benefits
-	-	-	-	-	-	10,922	11,124	9,896	9,693	9,086
Net occupancy expense of premises
18,176	14,803	13,830	11,633	8,704	8,462	8,489	8,899	8,897	9,135	9,886
Furniture and equipment expenses
9,506	7,233	7,089	6,591	4,958	4,725	4,848	5,146	5,277	5,962	7,288
Professional fees
11,104	5,389	6,814	-	-	-	-	-	-	-	-
Amortization of intangible assets
9,547	5,854	5,245	4,438	3,192	2,884	3,132	3,315	3,538	4,088	4,361
Regulatory expense
-	-	-	2,859	2,357	2,079	2,290	2,543	4,109	6,978	8,580
Goodwill impairment
-	-	-	-	-	-	-	-	-	-	208,164
OREO expense
-	-	-	-	-	-	-	1,303	1,192	1,872	2,761
Other expense
48,477	35,537	29,099	23,299	19,638	17,839	19,274	22,585	19,677	18,286	25,128
Total non-interest expense
258,794	193,043	174,426	147,862	115,305	108,209	112,311	119,644	104,565	105,210	327,695
Income before income taxes
134,438	133,927	108,111	76,417	59,702	50,308	42,837	32,854	44,843	32,694	-398,780
Income taxes
31,485	34,999	45,385	26,723	20,696	17,534	14,111	10,497	14,970	9,464	-75,667
Net income
102,953	98,928	62,726	49,694	39,006	32,774	28,726	22,357	29,873	23,230	-323,113
Preferred stock dividends
-	-	-	-	700	727	3,633	3,633	5,342	5,170	4,767
Net income available for common stockholders
-	-	-	49,694	38,306	32,047	25,093	18,724	24,531	18,060	-327,880
Basic earnings per common share (in dollars per share)
1.88	2.02	1.47	1.42	1.32	1.11	0.87	0.22	0.29	0.27	-7.85
Diluted earnings per common share (in dollars per share)
1.87	2.01	1.45	1.40	1.32	1.10	0.86	0.22	0.29	0.27	-7.85
Dividends declared per share of common stock (in dollars per share)
0.84	0.80	0.72	-	-	-	-	-	-	-	-
Wealth management fees
Non-interest income
38,561	30,974	27,037	-	-	-	-	-	-	-	-
Fees for customer services
Non-interest income
36,683	28,879	25,841	23,253	19,083	-	-	-	-	-	-
Trust fees
Non-interest income
-	-	-	20,302	20,363	19,559	18,521	17,592	15,657	14,231	12,817
Commissions and brokers fees, net
Non-interest income
-	-	-	2,839	3,096	2,716	2,416	2,102	1,858	1,756	1,843
Remittance processing
Non-interest income
15,042	14,345	11,427	11,255	11,120	9,421	8,354	8,426	9,196	9,349	13,032