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Operating Segments and Related Information (Tables)

9 Months Ended

Sep. 30, 2023

Segment Reporting [Abstract]

Summary of information relating to operating segments

Following is a summary of selected financial information for the Company’s operating segments. The “other” category included in the tables below consists of the parent company, First Busey Risk Management, and the elimination of intercompany transactions (dollars in thousands):

			Goodwill												Total Assets
			As of												As of
			September 30, 2023						December 31, 2022						September 30, 2023						December 31, 2022
Operating segment
Banking			$	294,773					$	294,773					$	12,104,706					$	12,199,960
Wealth Management			14,108						14,108						98,755						84,082
FirsTech			8,992						8,992						50,689						48,715
Other			—						—						4,100						3,920
Consolidated total			$	317,873					$	317,873					$	12,258,250					$	12,336,677

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Net interest income
Banking			$	81,794					$	90,916					$	254,394					$	244,820
FirsTech			14						15						41						50
Other			(4,017)						(4,626)						(12,117)						(12,581)
Total net interest income			$	77,791					$	86,305					$	242,318					$	232,289
Noninterest income
Banking			$	11,983					$	13,559					$	34,716					$	42,827
Wealth Management			14,350						12,514						43,993						42,425
FirsTech			5,665						5,578						16,954						16,333
Other			(990)						(718)						(4,795)						(3,861)
Total noninterest income			$	31,008					$	30,933					$	90,868					$	97,724
Noninterest expense
Banking			$	55,172					$	55,273					$	163,314					$	165,220
Wealth Management			8,059						7,682						24,821						23,533
FirsTech			5,245						5,109						16,303						14,601
Other			2,469						2,672						6,115						6,850
Total noninterest expense			$	70,945					$	70,736					$	210,553					$	210,204
Income before income taxes
Banking			$	38,241					$	46,838					$	123,852					$	118,663
Wealth Management			6,291						4,832						19,172						18,892
FirsTech			434						484						692						1,782
Other			(7,476)						(8,016)						(23,027)						(23,292)
Total income before income taxes			$	37,490					$	44,138					$	120,689					$	116,045
Net income
Banking			$	31,189					$	37,082					$	98,689					$	94,032
Wealth Management			4,781						3,756						14,571						14,688
FirsTech			317						353						505						1,300
Other			(5,621)						(5,530)						(16,949)						(16,096)
Total net income			$	30,666					$	35,661					$	96,816					$	93,924

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- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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