FIRST BUSEY CORP /NV/

Listed Company

BUSEPCIK 0000314489NasdaqLarge AcceleratedState Commercial BanksNevadaFY ends Dec 31

Period

FY 2025

Revenue

—

Net Income

$135.26M

Total Assets

$18.10B

Equity

$2.47B

Shares Out

86.23M

Op. Cash Flow

$192.57M

Business

FIRST BUSEY CORP /NV/ provides banking and financial services as a bank holding company through its subsidiaries. It offers commercial and consumer lending, deposit accounts, cash management, online and mobile banking, wealth management, brokerage and fiduciary services, and payment technology solutions. Its principal operating divisions include Busey Bank, which delivers retail and commercial banking and wealth management, and FirsTech, which provides multi-channel payment platforms and related treasury and billing tools. The company serves markets across Illinois, the St. Louis metropolitan area, Missouri, southwest Florida, central Indiana and via its branch, ATM and digital channels.

Summary from filing dated 2025-02-27

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Interest and fees on loans	776	426	386	287	252
Taxable interest income	84	73	80	66	42
Non-taxable interest income	6	1	3	3	4
Dividend income on bank stock	3	848,000	1	190,000	—
Other interest income	25	22	11	3	1
Total interest income	894	524	481	360	299
Deposits	303	178	124	16	13
Federal funds purchased and securities sold under agreements to repurchase	4	4	5	1	227,000
Short-term borrowings	621,000	701,000	13	2	279,000
Long-term borrowings	3	300,000	2	1	657,000
Subordinated notes	9	13	12	12	10
Junior subordinated debt owed to unconsolidated trusts	5	5	4	3	3
Total interest expense	324	201	160	37	—
Net interest income	570	323	321	324	271
Provision for credit losses	53	7	3	5	−15
Net interest income after provision for credit losses	517	315	318	319	286
Mortgage revenue	3	2	1	2	7
Income on bank owned life insurance	7	5	5	4	5
Realized net gains (losses) on the sale of mortgage servicing rights	0	8	0	0	—
Realized net gains (losses) on securities	−15	−7	−28,000	50,000	29,000
Unrealized net gains (losses) recognized on equity securities	5	931,000	−2	−2	3
Other noninterest income	20	14	9	15	10
Total noninterest income	150	140	121	127	—
Salaries, wages, and employee benefits	289	176	163	159	145
Data processing	43	27	24	22	—
Net occupancy expense of premises	29	19	18	19	18
Furniture and equipment expenses	8	7	7	8	8
Professional fees	19	13	7	6	8
Amortization of intangible assets	17	10	10	12	11
Interchange expense	5	6	7	6	6
FDIC insurance	10	6	6	4	3
Other noninterest expense	59	39	44	48	40
Total noninterest expense	480	301	285	284	262
Income before income taxes	187	153	154	162	157
Income taxes	51	40	31	33	33
Net income	135	114	123	128	123
Dividends on preferred stock	10	0	0	—	—
Net income available to common stockholders	125	114	123	—	—
Weighted average number of common shares outstanding, basic (in shares)	84	57	55	—	—
Weighted average number of common shares outstanding, diluted (in shares)	85	58	56	—	—
Basic earnings per common share (in dollars per share)	1.49	2.01	2.21	2.32	2.23
Diluted earnings per common share (in dollars per share)	1.47	1.98	2.18	2.29	2.2

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and due from banks	181	129	135	118	103
Interest-bearing deposits	113	568	585	110	733
Total cash and cash equivalents	294	698	720	227	836
Debt securities available for sale	2,163	1,810	2,088	2,461	3,981
Debt securities held to maturity	746	827	873	918	0
Equity securities	15	16	10	12	14
Loans held for sale	6	4	2	1	24
Portfolio loans (net of ACL of $174,023 at December 31, 2025, and $83,404 at December 31, 2024)	13,394	7,614	7,559	7,634	7,101
Restricted bank stock	77	50	6	—	—
Premises and equipment, net	193	119	—	—	—
Goodwill	383	334	318	318	318
Other intangible assets, net	97	32	36	46	58
Cash surrender value of bank owned life insurance	260	185	183	180	177
Other assets	476	359	356	399	204
Total assets	18,105	12,047	12,283	12,337	12,860
Noninterest-bearing	3,659	2,720	2,835	3,394	3,670
Interest-bearing	11,247	7,263	7,457	6,678	7,098
Total deposits	14,906	9,982	10,291	10,071	10,769
Securities sold under agreements to repurchase	167	156	187	230	270
Long-term borrowings	114	0	—	—	—
Subordinated notes, net of unamortized issuance costs	99	228	223	222	183
Junior subordinated debt owed to unconsolidated trusts	77	75	72	72	72
Other liabilities	272	223	197	202	133
Total liabilities	15,636	10,663	11,011	11,191	11,541
Outstanding commitments and contingent liabilities (see Notes 7 and 18)	—	—	—	—	—
Preferred stock, $0.001 par value, liquidation preference $222,750 at December 31, 2025 and zero at December 31, 2024	0	0	—	—	—
Common stock, $0.001 par value	93,000	60,000	58,000	58,000	58,000
Additional paid-in capital	2,376	1,361	1,324	1,321	1,317
Retained earnings	337	294	237	169	92
AOCI	−124	−207	−219	−273	−24
Total stockholders equity before treasury stock	2,588	1,448	1,342	1,217	1,386
Treasury stock at cost	−119	−64	−70	−71	−67
Total stockholders equity	2,469	1,383	1,272	1,146	1,319
Total liabilities and stockholders equity	18,105	12,047	12,283	12,337	12,860
Preferred shares issued (in shares)	222,750	0	—	—	—
Preferred shares outstanding (in shares)	222,750	0	—	—	—
Common shares issued (in shares)	93	60	58	58	58
Less: Treasury (in shares)	5	3	−3	−3	—
Common shares outstanding (in shares)	88	57	55	55	55

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Provision for credit losses	53	7	3	5	−15
Amortization of mortgage servicing rights	663,000	997,000	3	4	5
Amortization of New Markets Tax Credit	0	0	9	6	6
Depreciation and amortization of premises and equipment	13	10	9	10	12
Net amortization (accretion) on portfolio loans	−17	4	7	4	−12
Net amortization (accretion) of premium (discount) on investment securities	1	9	14	21	24
Net amortization (accretion) of premium (discount) on time deposits	−2	101,000	−270,000	−403,000	−1
Net amortization (accretion) of premium (discount) on FHLB advances and other borrowings	2	1	1	1	826,000
Impairment of OREO and other repossessed assets	422,000	0	100,000	611,000	1,000
Impairment of fixed assets held for sale	286,000	637,000	0	427,000	3
Impairment of mortgage servicing rights	154,000	0	1,000	−8,000	−639,000
Impairment of leases	28,000	0	0	84,000	0
Unrealized (gains) losses recognized on equity securities, net	−5	−931,000	2	2	−3
(Gain) loss on sales of equity securities, net	0	0	−5	−24,000	0
(Gain) loss on sales of debt securities, net	15	7	6	−26,000	−29,000
(Gain) loss on sales of loans, net	−2	−2	−733,000	−2	−9
(Gain) loss on sales of OREO and other repossessed assets	−302,000	−585,000	−46,000	−54,000	174,000
(Gain) loss on sales of premises and equipment	−2,000	−138,000	−450,000	−825,000	−1
(Gain) loss on life insurance proceeds	−508,000	−895,000	−759,000	0	−1
Increase in cash surrender value of bank owned life insurance	−6	−4	−4	−4	−4
Provision for deferred income taxes	8	1	−3	−1	5
Stock-based compensation	17	8	7	9	8
Proceeds from the sale of mortgage servicing rights	0	10	0	0	—
Mortgage loans originated for sale	−106	−104	−35	−71	−274
Proceeds from sales of mortgage loans	105	105	35	95	306
(Increase) decrease in other assets	−10	20	−18	−56	7
Increase (decrease) in other liabilities	−27	−9	12	3	−28
Net cash provided by operating activities	193	178	173	166	162
Purchases of equity securities	−919,000	−30	−7	−15	—
Purchases of debt securities available for sale	−546	−183	−10	−280	−2,298
Proceeds from sales of equity securities	6	25	12	15	—
Proceeds from sales of debt securities available for sale	532	101	105	0	291
Proceeds from paydowns and maturities of debt securities held to maturity	83	49	49	70	0
Proceeds from paydowns and maturities of debt securities available for sale	465	371	326	470	868
Purchases of restricted bank stock	−35	−44	−31	−13	—
Proceeds from the redemption of restricted bank stock	12	884,000	44	225,000	—
Purchases of loans	−117	−15	0	0	—
Net decrease in loans	306	364	65	−542	—
Net cash received in acquisitions (see Note 2)	386	18	0	0	228
Cash paid for premiums on bank-owned life insurance	−46,000	−74,000	−80,000	−106,000	−124,000
Proceeds from life insurance	4	3	2	219,000	5
Purchases of premises and equipment	−20	−6	−10	−5	−5
Proceeds from disposition of premises and equipment	936,000	2	4	5	7
Net proceeds from OREO and other repossessed assets	22	673,000	860,000	—	—
Net cash provided by investing activities	1,098	658	551	−291	−829
Net increase (decrease) in deposits	−1,647	−702	220	−697	767
Net increase (decrease) in federal funds purchased and securities sold under agreements to repurchase	11	−33	−42	−40	78
Proceeds from short-term borrowings	60	—	—	—	—
Repayment of short-term borrowings	−71	−36	−335	—	—
Proceeds from other borrowings, net of debt issuance costs	40	0	0	98	73
Repayment of other borrowings	−129	−31	−16	−113	−19
Cash dividends paid	−91	−54	−53	−51	−51
Purchase of treasury stock	−70	0	−4	−10	−33
Cash paid for withholding taxes on stock-based payments	−5	−2	−1	−1	−997,000
Proceeds from (cash paid for) the exercise of stock options, warrants, and SSARs	−452,000	−3,000	9,000	—	—
Issuance of treasury stock for the ESPP	2	0	0	—	—
Issuance of preferred stock, net of stock issuance costs	207	0	0	—	—
Common stock issuance costs	−920,000	−141,000	0	0	−150,000
Net cash used in financing activities	−1,694	−858	−232	−484	815
Net increase (decrease) in cash and cash equivalents	−404	−22	492	−609	148
Interest	320	208	135	35	25
OREO and other repossessed assets acquired in settlement of loans	23	26,000	189,000	175,000	2
Transfer of loans held for sale to portfolio loans	359,000	0	0	0	−5

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro