First Busey Corporation Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Reports Net Charge Offs for the Fourth Quarter Ended December 31, 2013
For the year, the company reported total interest income of USD 108.696 million compared to USD 116.916 million a year ago. Net interest income was USD 100.065 million compared to USD 102.146 million a year ago. Income before income taxes was USD 42.837 million compared to USD 32.854 million a year ago. Net income was USD 28.726 million compared to USD 22.357 million a year ago. Net income available for common shareholders were USD 25.093 million compared to USD 18.724 million a year ago. Basic and diluted earnings per common share were USD 0.29 compared to USD 0.22 a year ago. Return on average assets was 0.71% compared to 0.53% a year ago. Return on average common equity was 7.39% compared to 5.49% a year ago. Return on average tangible common equity was 8.16% compared to 6.12% a year ago.
For the quarter, the company reported net charge offs of USD 1.897 million compared to USD 4.701 million a year ago.