FIRST BUSEY CORPORATION BUSE Income Statement

First busey corporation (BUSE)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Interest income:
Interest and fees on loans
72,536	76,290	78,083	78,031	71,789	64,410	63,589	62,290	60,960	64,048	56,762	41,236	40,597	43,483	43,002	36,187	25,144	26,544	25,099	24,586	24,166	23,872	23,553	22,437	22,533	22,976	23,096	23,200	22,961	24,164	24,412	24,512	25,526	26,867	28,243	29,173	30,508	34,326	35,544
Interest and dividends on investment securities:
Taxable interest income
9,508	9,507	10,247	11,152	10,184	7,925	7,357	6,323	5,990	4,020	4,689	4,047	3,603	3,402	3,398	3,576	3,611	3,742	3,791	3,525	3,272	3,004	3,148	3,395	2,880	2,954	3,162	3,283	3,171	3,411	3,610	3,837	3,768	3,635	3,845	4,023	3,689	3,383	3,696
Non-taxable interest income
1,151	1,175	1,180	1,200	1,076	1,068	1,166	1,204	1,260	1,335	1,068	726	727	754	788	775	769	833	840	799	825	781	810	824	838	955	978	977	983	1,009	989	876	802	737	717	677	705	751	744
Other interest income
1,238	1,824	2,181	1,083	1,232	911	649	508	423	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	6	0	4	7	-
Total interest income
84,433	88,796	91,691	91,466	84,281	74,314	72,761	70,325	68,633	70,847	62,519	46,009	44,927	47,639	47,188	40,538	29,524	31,119	29,730	28,910	28,263	27,657	27,511	26,656	26,251	26,885	27,236	27,460	27,115	28,584	29,011	29,225	30,096	31,229	32,811	33,873	34,906	38,467	39,984
Interest expense:
Deposits
12,227	13,670	14,753	14,154	12,500	10,764	8,946	6,904	5,987	4,874	3,851	2,163	2,044	2,067	2,099	1,792	1,107	1,132	1,175	1,210	1,239	1,195	1,260	1,306	1,362	1,522	1,656	1,824	2,097	2,470	2,960	3,318	3,748	4,124	4,457	4,820	5,259	7,334	9,259
Federal funds purchased and securities sold under agreements to repurchase
408	559	579	627	583	487	426	372	341	360	291	204	123	119	102	90	82	50	44	37	51	72	40	35	39	58	44	40	44	62	63	76	78	69	87	100	111	129	148
Short-term borrowings
67	156	200	494	191	279	324	457	476	575	447	27	47	180	263	185	13	-	-	-	-	-	1	-	-	0	0	6	9	9	8	9	9	9	9	10	10	41	3
Long-term debt
423	588	700	741	579	284	245	213	164	129	141	167	113	65	55	57	43	15	10	11	10	-	1	-	-	0	0	44	81	96	106	220	226	230	230	486	496	629	790
Senior notes
400	400	400	399	400	399	400	399	400	-	400	162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Subordinated notes
731	731	731	731	731	731	792	794	793	-	799	299	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Junior subordinated debt owed to unconsolidated trusts
744	756	852	892	914	867	854	814	715	669	649	621	587	573	538	462	337	317	306	301	293	298	298	294	293	301	303	301	301	318	329	328	337	319	301	616	683	699	684
Total interest expense
15,000	16,860	18,215	18,038	15,898	13,811	11,987	9,953	8,876	7,801	6,578	3,643	2,914	3,004	3,057	2,586	1,582	1,520	1,535	1,559	1,593	1,570	1,600	1,635	1,694	1,881	2,003	2,215	2,532	2,955	3,466	3,951	4,398	4,751	5,084	6,032	6,559	8,832	10,884
Net interest income
69,433	71,936	73,476	73,428	68,383	60,503	60,774	60,372	59,757	63,046	55,941	42,366	42,013	44,635	44,131	37,952	27,942	29,599	28,195	27,351	26,670	26,087	25,911	25,021	24,557	25,004	25,233	25,245	24,583	25,629	25,545	25,274	25,698	26,478	27,727	27,841	28,347	29,635	29,100
Provision for loan losses
17,216	2,367	3,411	2,517	2,111	405	758	2,258	1,008	2,809	1,494	500	500	1,500	1,950	1,100	1,000	1,000	100	0	500	0	0	1,000	1,000	1,500	2,000	2,000	2,000	3,500	3,500	4,500	5,000	5,000	5,000	5,000	5,000	9,500	7,500
Net interest income after provision for loan losses
52,217	69,569	70,065	70,911	66,272	60,098	60,016	58,114	58,749	60,237	54,447	41,866	41,513	43,135	42,181	36,852	26,942	28,599	28,095	27,351	26,170	26,087	25,911	24,021	23,557	23,504	23,233	23,245	22,583	22,129	22,045	20,774	20,698	21,478	22,727	22,841	23,347	20,135	21,600
Non-interest income:
Service charges on deposit accounts
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,125	-	3,312	3,096	2,884	3,057	3,175	3,111	2,695	3,071	3,126	3,023	2,727	3,000	2,962	2,873	2,811	3,103	3,283	3,183	3,047	2,858	2,728
Other service charges and fees
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,581	-	1,614	1,685	1,584	1,557	1,575	1,618	1,488	1,509	1,486	1,527	1,439	1,471	1,422	1,443	1,381	1,335	1,341	1,340	1,282	1,304	1,293
Mortgage revenue
1,381	3,576	3,331	2,851	1,945	1,057	1,272	1,573	1,643	2,710	3,526	2,770	2,134	2,861	4,842	3,369	880	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income on bank owned life insurance
1,057	-	-	-	978	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gains on sales of securities
1,574	629	296	-10	-174	-	-	160	-	0	290	-4	857	2	11	152	1,067	401	0	-22	1	736	0	-3	43	-	82	-	-	-	511	64	-	172	0	0	-2	283	-
Unrealized (losses) gains recognized on equity securities
-987	-24	65	-1,016	216	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sales of loans, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,549	1,868	1,426	-	1,339	1,234	981	1,283	2,684	2,763	3,497	3,611	3,255	3,256	2,413	3,501	2,977	1,835	2,632	4,104	3,442
Other income
823	-1,396	4,801	3,170	2,074	-703	2,406	2,595	1,895	533	1,730	1,764	1,280	1,328	1,334	621	1,053	264	1,176	1,043	1,102	-870	863	920	1,141	967	1,402	1,103	1,132	1,558	903	1,369	3,407	489	827	749	1,210	527	802
Total non-interest income
27,517	31,638	30,936	27,896	25,945	22,852	21,853	22,802	22,486	23,561	20,837	20,062	20,014	19,001	20,745	18,577	16,846	16,315	15,889	16,623	15,965	14,739	14,204	15,012	14,986	14,529	15,630	15,783	16,641	17,613	15,589	15,770	17,880	15,012	14,718	13,746	15,539	14,850	14,404
Non-interest expense:
Data processing
4,395	6,462	5,032	5,616	4,401	3,992	4,016	4,030	4,345	4,699	5,113	3,306	3,598	7,968	4,430	5,015	3,232	3,097	3,082	3,212	3,549	2,780	2,600	2,687	2,812	2,652	2,606	2,568	2,639	2,695	3,568	2,639	2,159	2,210	2,145	2,170	2,110	2,008	1,951
Salaries, wages and employee benefits
34,003	35,117	38,747	34,268	32,341	27,529	26,024	25,472	28,819	28,185	25,497	20,061	21,890	22,822	21,716	18,493	15,366	22,335	13,365	13,310	14,506	23,923	12,591	12,578	12,249	13,549	13,001	12,781	13,560	14,702	13,707	13,148	12,111	12,666	11,090	10,028	9,560	10,537	10,068
Employee benefits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,352	2,520	2,343	-	2,263	2,386	2,893	2,168	2,580	2,947	3,227	2,333	2,773	3,122	2,896	2,137	2,494	2,506	2,759	2,487	2,543
Net occupancy expense of premises
4,715	4,811	4,652	4,511	4,202	3,532	3,761	3,689	3,821	3,805	3,714	3,126	3,185	3,333	3,401	2,732	2,167	2,208	2,090	2,161	2,245	2,078	2,086	2,055	2,243	2,149	2,055	2,103	2,182	2,301	2,237	2,156	2,205	2,135	2,211	2,136	2,415	2,374	2,231
Furniture and equipment expenses
2,449	2,570	2,489	2,352	2,095	1,815	1,715	1,790	1,913	1,966	1,785	1,719	1,619	2,027	1,836	1,644	1,084	1,165	1,319	1,283	1,191	1,118	1,250	1,153	1,204	1,161	1,211	1,222	1,254	1,288	1,276	1,310	1,272	1,319	1,294	1,340	1,324	1,493	1,578
Professional fees
1,824	-	-	-	3,187	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of intangible assets
2,557	2,681	2,360	2,412	2,094	1,404	1,445	1,490	1,515	1,570	1,286	1,182	1,207	1,281	1,282	1,109	766	808	807	808	769	703	701	733	747	783	783	783	783	834	827	827	827	885	885	884	884	1,022	1,022
Regulatory expense
-	-	-	-	-	-	-	-	-	-	-	-	-	585	802	884	588	544	610	560	643	520	503	501	555	482	545	617	646	674	623	620	626	457	497	1,308	1,847	2,155	2,040
OREO expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-207	58	543	515	273	510	5	733	112	135	212	380	670
Other expense
10,571	5,932	14,841	18,861	8,843	5,108	8,968	10,834	10,627	6,061	9,544	7,374	6,120	6,395	5,948	6,471	4,485	5,421	4,325	4,591	5,301	4,890	4,304	4,730	3,915	5,035	4,784	4,722	4,733	6,927	5,110	5,447	5,101	5,449	4,996	4,678	4,554	4,586	5,564
Total non-interest expense
60,514	65,490	68,121	68,020	57,163	48,769	45,929	47,305	51,040	53,100	46,939	36,768	37,619	44,411	39,415	36,348	27,688	28,363	27,950	28,445	30,547	28,470	26,298	26,823	26,618	27,585	27,358	27,801	29,567	32,269	30,394	29,779	27,202	27,991	25,724	25,185	25,665	27,042	27,667
Income before income taxes
19,220	35,717	32,880	30,787	35,054	34,181	35,940	33,611	30,195	30,698	28,345	25,160	23,908	17,725	23,511	19,081	16,100	16,551	16,034	15,529	11,588	12,356	13,817	12,210	11,925	10,448	11,505	11,227	9,657	7,473	7,240	6,765	11,376	8,499	11,721	11,402	13,221	7,943	8,337
Income taxes
3,856	7,146	8,052	6,702	9,585	8,891	9,081	8,749	8,278	18,405	9,561	8,681	8,738	6,270	8,089	6,698	5,666	5,868	5,408	5,593	3,827	4,763	4,708	4,025	4,038	3,528	3,572	3,787	3,224	2,556	2,331	1,877	3,733	2,753	4,151	3,955	4,111	1,921	2,652
Net income
15,364	28,571	24,828	24,085	25,469	25,290	26,859	24,862	21,917	12,293	18,784	16,479	15,170	11,455	15,422	12,383	10,434	10,683	10,626	9,936	7,761	7,593	9,109	8,185	7,887	6,920	7,933	7,440	6,433	4,917	4,909	4,888	7,643	5,746	7,570	7,447	9,110	6,022	5,685
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	155	182	181	182	182	182	181	182	908	909	908	908	-	-	908	-	1,234	1,049	1,283	1,776	1,283	1,283
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	909	908	908	-	-	-	-	-	-
Net income available for common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	10,528	10,444	9,755	7,579	7,411	8,927	8,004	7,705	6,012	7,024	6,532	5,525	4,009	4,000	3,980	6,735	4,512	6,521	6,164	7,334	4,739	4,402
Basic earnings per common share (in dollars per share)
0.28	0.52	0.45	0.43	0.48	0.51	0.55	0.51	0.45	0.23	0.41	0.43	0.40	0.31	0.40	0.35	0.36	0.36	0.36	0.34	0.26	0.62	0.31	0.09	0.09	0.65	0.08	0.08	0.06	0.04	0.05	0.05	0.08	0.05	0.08	0.07	0.09	0.07	0.07
Diluted earnings per common share (in dollars per share)
0.28	0.51	0.45	0.43	0.48	0.50	0.55	0.51	0.45	0.22	0.41	0.43	0.39	0.29	0.40	0.35	0.36	0.37	0.36	0.33	0.26	0.61	0.31	0.09	0.09	0.64	0.08	0.08	0.06	0.04	0.05	0.05	0.08	0.05	0.08	0.07	0.09	0.07	0.07
Dividends declared per share of common stock (in dollars per share)
0.22	0.21	0.21	0.21	0.21	0.20	0.20	0.20	0.20	0.18	0.18	0.18	0.18	-	0.17	0.17	0.17	-	0.15	0.15	0.15	-	0.15	0.05	0.04	-	0.04	0.04	-	-	0.04	0.04	0.04	-	0.04	0.04	0.04	0.04	0.04
Wealth management fees
Non-interest income
11,555	-	-	-	9,029	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Fees for customer services
Non-interest income
8,361	9,048	9,842	9,696	8,097	7,303	7,340	7,290	6,946	7,183	6,577	6,095	5,986	-	6,495	5,873	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Trust fees
Non-interest income
-	-	7,689	8,318	-	-	6,324	6,735	7,514	-	5,071	5,827	6,190	5,190	4,520	5,045	5,547	4,978	4,542	5,146	5,697	4,680	4,182	5,080	5,617	4,565	4,035	4,713	5,208	4,347	3,960	4,090	5,195	3,892	3,460	3,757	4,548	3,113	3,435
Commissions and brokers fees, net
Non-interest income
-	-	1,132	1,170	-	-	881	883	1,096	-	766	751	722	744	740	687	668	694	799	819	784	693	676	676	671	597	710	569	540	524	508	564	506	443	495	479	441	398	471
Remittance processing
Non-interest income
3,753	3,765	3,780	3,717	3,780	3,757	3,630	3,566	3,392	2,846	2,877	2,859	2,845	2,697	2,803	2,830	2,925	2,748	2,897	2,988	2,487	2,301	2,394	2,376	2,350	2,066	2,105	2,085	2,098	2,080	2,068	2,111	2,167	2,077	2,335	2,403	2,381	2,263	2,233