Revenue during the quarter surged 40.51 percent to $61.53 million from $43.79 million in the previous year period. Net interest income for the quarter rose 50.36 percent over the prior year period to $42.01 million. Non-interest income for the quarter rose 18.81 percent over the last year period to $20.01 million.

First Busey Corporation has made provision of $0.50 million for loan losses during the quarter, down 50 percent from $1 million in the same period last year.

Net interest margin improved 43 basis points to 3.53 percent in the quarter from 3.10 percent in the last year period. Efficiency ratio for the quarter improved to 58.84 percent from 60.83 percent in the previous year period. A decline in efficiency ratio indicates a rise in profitability.

Deposits stood at $4,485.54 million as on Mar. 31, 2017, up 40.98 percent compared with $3,181.73 million on Mar. 31, 2016.

Noninterest-bearing deposit liabilities were $1,206.32 million or 26.89 percent of total deposits on Mar. 31, 2017, compared with $759.75 million or 23.88 percent of total deposits on Mar. 31, 2016.

Investments stood at $743.88 million as on Mar. 31, 2017, down 10.14 percent or $83.98 million from year-ago. Shareholders equity was at $602.35 million as on Mar. 31, 2017.

Return on average assets moved up 9 basis points to 1.16 percent in the quarter from 1.07 percent in the last year period. At the same time, return on average equity decreased 81 basis points to 10.33 percent in the quarter from 11.14 percent in the last year period.

Book value per share was $15.75 for the quarter, up 17.98 percent or $2.40 compared to $13.35 for the same period last year.