Quantisnow Logo
Dashboard
Subscribe to $BUSE

First Busey Corporation

$BUSE
Major Banks
Finance

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, Remittance Processing, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans, as well as home equity lines of credit. The company also provides money transfer, safe deposit, IRA, and other fiduciary services through banking center, ATM and technology-based networks. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides asset and investment management; professional farm management; and commercial depository services, such as cash management services. Additionally, it offers payment processing solutions, such as walk-in payment processing for payments delivered by customers to retail pay agents; online bill payment solutions for payments made by customers on a billing company's website; customer service payments for payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered by the automated clearing house network; money management software and credit card networks; and lockbox remittance processing of payments delivered by mail. The company has 53 banking centers in Illinois; 10 in Missouri; 4 in southwest Florida; and 1 in Indianapolis, Indiana. The company was founded in 1868 and is headquartered in Champaign, Illinois.

IPO Year:

Exchange: NASDAQ

Website: busey.com

Peers

$FMBH
$SBSI

Recent Analyst Ratings for First Busey Corporation

DatePrice TargetRatingAnalyst
10/14/2024Overweight → Equal-Weight
Stephens
1/31/2022$31.00Market Perform → Outperform
Raymond James
12/3/2021$27.00 → $28.00Neutral
B. Riley Securities
See more ratings

First Busey Corporation Press Releases

Fastest customizable press release news feed in the world

See more

  • First Busey Corporation Completes Acquisition of CrossFirst Bankshares, Inc. and CrossFirst Bank

    CHAMPAIGN, Il. and LEAWOOD, Kan., March 03, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation ("Busey") (NASDAQ:BUSE), the holding company for Busey Bank, announced today the completion of its acquisition by merger of CrossFirst Bankshares, Inc. ("CrossFirst") (NASDAQ:CFB), the holding company for CrossFirst Bank, effective March 1, 2025. The transaction was previously jointly announced on August 27, 2024. Busey will operate CrossFirst Bank as a separate banking subsidiary of Busey until it is merged with Busey Bank, which is expected to occur in June 2025. At the time of the bank merger, CrossFirst Bank's banking centers will become branches of Busey Bank and operate under the Busey brand

    $BUSE
    $CFB
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 Fourth Quarter Earnings

    CHAMPAIGN, Ill., Jan. 28, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)   Net Income of $28.1 millionDiluted EPS of $0.49   FOURTH QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $30.7 million, or $0.53 per diluted common shareAdjusted noninterest income1 of $35.4 million, or 30.3% of total revenueRecord high quarterly and annual revenue of $17.0 million and $65.0 million, respectively, for the Wealth Management segmentTangible book value per common share1 of $17.88 at December 31, 2024, compared to $16.62 at December 31, 2023, a year-over-year increase of 7.6%Tangible common equity1 increased to 8.76% of tangible assets at December 31, 2024, compared to 7.75%

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 Third Quarter Earnings

    CHAMPAIGN, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)  Net Income of $32.0 millionDiluted EPS of $0.55 THIRD QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $33.5 million, or $0.58 per diluted common shareNoninterest income of $36.0 million, or 30.5% of operating revenue1Record high quarterly revenue for the Wealth Management operating segmentTangible book value per common share1 of $18.19 at September 30, 2024, compared to $16.97 at June 30, 2024, and $15.07 at September 30, 2023, a year-over-year increase of 20.7%Tangible common equity1 increased to 8.96% of tangible assets at September 30, 2024, compared to 8.36% at June 30, 2024, and 7.06% at

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation and CrossFirst Bankshares, Inc. Announce Transformative Partnership

    CHAMPAIGN, Ill. and LEAWOOD, Kan., Aug. 27, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation ("Busey") (NASDAQ:BUSE), the holding company for Busey Bank, and CrossFirst Bankshares, Inc. ("CrossFirst") (NASDAQ:CFB), the holding company for CrossFirst Bank, jointly announced today the signing of a definitive agreement and plan of merger, pursuant to which CrossFirst will merge with and into Busey (the "Merger") in an all-common stock transaction valued at approximately $916.8 million, based on Busey's closing stock price of $27.39 as of August 26, 2024. The combined company, which will operate under the Busey brand, will have approximately $20 billion in total assets, approximately $17 billi

    $BUSE
    $CFB
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 Second Quarter Earnings

    CHAMPAIGN, Il., July 23, 2024 (GLOBE NEWSWIRE) --  First Busey Corporation (NASDAQ:BUSE)   Net Income of $27.4 millionDiluted EPS of $0.47   SECOND QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $29.0 million, or $0.50 per diluted common shareNet interest margin1 increased by 24 basis points to 3.03% from 2.79% in the prior quarterNoninterest income of $33.8 million, and adjusted noninterest income1 of $33.9 million, or 29.1% of operating revenue1Record high quarterly revenue for both the Wealth Management and FirsTech operating segmentsFinalized the acquisition of Merchants & Manufacturers Bank Corporation ("M&M") and its wholly owned subsidiary Merchants &

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 First Quarter Earnings

    CHAMPAIGN, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)   Net Income of $26.2 millionDiluted EPS of $0.46   FIRST QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $26.5 million, or $0.47 per diluted common shareNet interest margin1 increased by 5 basis points during the first quarter of 2024 to 2.79%Executed a two-part balance sheet repositioning expected to be both capital and earnings accretiveAdjusted noninterest income1 of $33.9 million, or 30.9% of operating revenue2Record high revenue for FirsTech during the first quarter of 2024, and second-best quarter in Wealth Management division historyReceived regulatory and shareholder approvals needed to fina

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2023 Fourth Quarter Earnings

    CHAMPAIGN, Ill., Jan. 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Net Income of $25.7 millionDiluted EPS of $0.46 Fourth Quarter 2023 Highlights Adjusted net income1 at $29.1 million, or $0.52 per diluted common shareEntered into a definitive agreement to acquire Merchants & Manufacturers Bank Corporation ("M&M"), the holding company for Merchants & Manufacturers Bank ("M&M Bank")Executed a two-part balance sheet repositioning related to the securities portfolio, expected to be both capital and earnings accretiveNon-performing assets declined 34.4% during the fourth quarter of 2023, to $7.9 million, now representin

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2023 Third Quarter Earnings

    CHAMPAIGN, Ill., Oct. 24, 2023 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Net Income of $30.7 millionDiluted EPS of $0.54 Third Quarter 2023 Highlights Net income excluding net securities losses1 of $30.9 million and adjusted diluted EPS excluding net securities gains and losses1 of $0.55Total deposits increased $269.6 million, or 2.7%, quarter-over-quarter, to $10.33 billionShort-term borrowings decreased to $12.0 million, compared to $212.0 million at the end of the second quarter of 2023 and $615.9 million at the end of the first quarter of 2023Non-performing assets declined 23.6% during the third quarter of 2023, to $12.1 million, now representing 0.10% of total assetsC

    $BUSE
    Major Banks
    Finance

  • First Busey Announces 2023 Second Quarter Earnings

    CHAMPAIGN, Ill., July 25, 2023 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Message from our Chairman & CEO Second Quarter 2023 Highlights: Excluding net securities losses, net income1 for the second quarter of 2023 of $31.0 million or $0.55 per shareTotal deposits increased $261.6 million, or 2.7%, quarter-over-quarter, to $10.06 billionShort-term borrowings decreased to $212.0 million, compared to $615.9 million at the end of the first quarter of 2023Non-performing assets of 0.13% of total assets, and allowance for credit losses of 580.80% of nonperforming loansClassified assets declined to $81.9 million, compared to $103.9 million at the close of the first quarter of 202

    $BUSE
    Major Banks
    Finance

  • KBRA Releases Surveillance Report for First Busey Corporation

    On April 14, 2023, KBRA affirmed the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Champaign, Illinois based First Busey Corporation (NASDAQ:BUSE) ("the company"). In addition, KBRA affirmed the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for its subsidiary, Busey Bank. The Outlook for all long-term ratings is Stable. The ratings are underpinned by a conservatively managed balance sheet with limited loan concentration and leverage, strong funding capacity, and ample liquidity backstop. BUSE's highly diverse earnings profile also

    $BUSE
    Major Banks
    Finance

First Busey Corporation Analyst Ratings

Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

See more

First Busey Corporation Insider Purchases

Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

See more

First Busey Corporation Insider Trading

Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

See more

First Busey Corporation SEC Filings

See more

First Busey Corporation Financials

Live finance-specific insights

See more

  • First Busey Corporation Completes Acquisition of CrossFirst Bankshares, Inc. and CrossFirst Bank

    CHAMPAIGN, Il. and LEAWOOD, Kan., March 03, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation ("Busey") (NASDAQ:BUSE), the holding company for Busey Bank, announced today the completion of its acquisition by merger of CrossFirst Bankshares, Inc. ("CrossFirst") (NASDAQ:CFB), the holding company for CrossFirst Bank, effective March 1, 2025. The transaction was previously jointly announced on August 27, 2024. Busey will operate CrossFirst Bank as a separate banking subsidiary of Busey until it is merged with Busey Bank, which is expected to occur in June 2025. At the time of the bank merger, CrossFirst Bank's banking centers will become branches of Busey Bank and operate under the Busey brand

    $BUSE
    $CFB
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 Fourth Quarter Earnings

    CHAMPAIGN, Ill., Jan. 28, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)   Net Income of $28.1 millionDiluted EPS of $0.49   FOURTH QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $30.7 million, or $0.53 per diluted common shareAdjusted noninterest income1 of $35.4 million, or 30.3% of total revenueRecord high quarterly and annual revenue of $17.0 million and $65.0 million, respectively, for the Wealth Management segmentTangible book value per common share1 of $17.88 at December 31, 2024, compared to $16.62 at December 31, 2023, a year-over-year increase of 7.6%Tangible common equity1 increased to 8.76% of tangible assets at December 31, 2024, compared to 7.75%

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 Third Quarter Earnings

    CHAMPAIGN, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)  Net Income of $32.0 millionDiluted EPS of $0.55 THIRD QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $33.5 million, or $0.58 per diluted common shareNoninterest income of $36.0 million, or 30.5% of operating revenue1Record high quarterly revenue for the Wealth Management operating segmentTangible book value per common share1 of $18.19 at September 30, 2024, compared to $16.97 at June 30, 2024, and $15.07 at September 30, 2023, a year-over-year increase of 20.7%Tangible common equity1 increased to 8.96% of tangible assets at September 30, 2024, compared to 8.36% at June 30, 2024, and 7.06% at

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation and CrossFirst Bankshares, Inc. Announce Transformative Partnership

    CHAMPAIGN, Ill. and LEAWOOD, Kan., Aug. 27, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation ("Busey") (NASDAQ:BUSE), the holding company for Busey Bank, and CrossFirst Bankshares, Inc. ("CrossFirst") (NASDAQ:CFB), the holding company for CrossFirst Bank, jointly announced today the signing of a definitive agreement and plan of merger, pursuant to which CrossFirst will merge with and into Busey (the "Merger") in an all-common stock transaction valued at approximately $916.8 million, based on Busey's closing stock price of $27.39 as of August 26, 2024. The combined company, which will operate under the Busey brand, will have approximately $20 billion in total assets, approximately $17 billi

    $BUSE
    $CFB
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 Second Quarter Earnings

    CHAMPAIGN, Il., July 23, 2024 (GLOBE NEWSWIRE) --  First Busey Corporation (NASDAQ:BUSE)   Net Income of $27.4 millionDiluted EPS of $0.47   SECOND QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $29.0 million, or $0.50 per diluted common shareNet interest margin1 increased by 24 basis points to 3.03% from 2.79% in the prior quarterNoninterest income of $33.8 million, and adjusted noninterest income1 of $33.9 million, or 29.1% of operating revenue1Record high quarterly revenue for both the Wealth Management and FirsTech operating segmentsFinalized the acquisition of Merchants & Manufacturers Bank Corporation ("M&M") and its wholly owned subsidiary Merchants &

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2024 First Quarter Earnings

    CHAMPAIGN, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)   Net Income of $26.2 millionDiluted EPS of $0.46   FIRST QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $26.5 million, or $0.47 per diluted common shareNet interest margin1 increased by 5 basis points during the first quarter of 2024 to 2.79%Executed a two-part balance sheet repositioning expected to be both capital and earnings accretiveAdjusted noninterest income1 of $33.9 million, or 30.9% of operating revenue2Record high revenue for FirsTech during the first quarter of 2024, and second-best quarter in Wealth Management division historyReceived regulatory and shareholder approvals needed to fina

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2023 Fourth Quarter Earnings

    CHAMPAIGN, Ill., Jan. 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Net Income of $25.7 millionDiluted EPS of $0.46 Fourth Quarter 2023 Highlights Adjusted net income1 at $29.1 million, or $0.52 per diluted common shareEntered into a definitive agreement to acquire Merchants & Manufacturers Bank Corporation ("M&M"), the holding company for Merchants & Manufacturers Bank ("M&M Bank")Executed a two-part balance sheet repositioning related to the securities portfolio, expected to be both capital and earnings accretiveNon-performing assets declined 34.4% during the fourth quarter of 2023, to $7.9 million, now representin

    $BUSE
    Major Banks
    Finance

  • First Busey Corporation Announces 2023 Third Quarter Earnings

    CHAMPAIGN, Ill., Oct. 24, 2023 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Net Income of $30.7 millionDiluted EPS of $0.54 Third Quarter 2023 Highlights Net income excluding net securities losses1 of $30.9 million and adjusted diluted EPS excluding net securities gains and losses1 of $0.55Total deposits increased $269.6 million, or 2.7%, quarter-over-quarter, to $10.33 billionShort-term borrowings decreased to $12.0 million, compared to $212.0 million at the end of the second quarter of 2023 and $615.9 million at the end of the first quarter of 2023Non-performing assets declined 23.6% during the third quarter of 2023, to $12.1 million, now representing 0.10% of total assetsC

    $BUSE
    Major Banks
    Finance

  • First Busey Announces 2023 Second Quarter Earnings

    CHAMPAIGN, Ill., July 25, 2023 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Message from our Chairman & CEO Second Quarter 2023 Highlights: Excluding net securities losses, net income1 for the second quarter of 2023 of $31.0 million or $0.55 per shareTotal deposits increased $261.6 million, or 2.7%, quarter-over-quarter, to $10.06 billionShort-term borrowings decreased to $212.0 million, compared to $615.9 million at the end of the first quarter of 2023Non-performing assets of 0.13% of total assets, and allowance for credit losses of 580.80% of nonperforming loansClassified assets declined to $81.9 million, compared to $103.9 million at the close of the first quarter of 202

    $BUSE
    Major Banks
    Finance

  • First Busey Announces 2023 First Quarter Earnings

    CHAMPAIGN, Ill., April 25, 2023 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE) Message from our Chairman & CEO First Quarter 2023 Highlights: Diluted earnings per share of $0.65, a 27.5% increase compared with the first quarter of 2022Core loan1 growth of $58.2 million, representing a 3.10% annualized growth rateNon-performing assets of 0.13% of total assets and allowance for credit losses of 602.91% of nonperforming loansAdjusted core efficiency ratio1 of 55.6%, improved from 59.9% in the first quarter of 2022Tangible common equity ratio1 of 7.05%, a 45 basis point increase from the fourth quarter of 2022Core deposits1 represent 97.9% of total deposits, while estimated unins

    $BUSE
    Major Banks
    Finance

First Busey Corporation Large Ownership Changes

This live feed shows all institutional transactions in real time.

See more