First Busey Corporation (BUSE) , or "Busey," entered into a definitive merger agreement with CrossFirst Bankshares, Inc. (CFB) , or "CrossFirst." Per the terms, CrossFirst will merge into Busey. Both companies' board of directors unanimously approved the merger deal. After deal completion, the combined holding company will continue to operate under the name First Busey Corporation, while the combined bank will be known as Busey Bank. CrossFirst Bank is planning to integrate with and join Busey Bank by mid-2 ...

NEW YORK, Aug. 27, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by CrossFirst Bankshares, Inc. (NASDAQ: CFB) and its board of directors concerning the proposed acquisition of the company by First Busey Corporation (NASDAQ: BUSE). Stockholders will receive 0.6675 shares of First Busey common stock for each share of CrossFirst Bankshares stock that they hold. The transaction is expected to close in the first half of 2025. If you are a stockholder of CrossFirst Bank ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q þ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended June 30, 2024 o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File No. 0-15950 FIRST BUSEY CORPORATION (Exact name of registrant as specified in its charter) Nevada 37-1078406 (State or other jurisdiction of incorporation or organization) ...

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. Here is how First Busey performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers ...

First Busey (BUSE) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

MESSAGE FROM OUR CHAIRMAN & CEO Net income for First Busey Corporation ("Busey," "Company," "we," "us," or "our") was $27.4 million for the second quarter of 2024, or $0.47 per diluted common share, compared to $26.2 million, or $0.46 per diluted common share, for the first quarter of 2024, and $29.4 million, or $0.52 per diluted common share, for the second quarter of 2023. Adjusted net income1, which excludes the impact of acquisition and restructuring expenses, was $29.0 million, or $0.50 per diluted com ...

This earnings release contains certain financial information determined by methods other than GAAP. Management uses these non-GAAP measures, together with the related GAAP measures, in analysis of Busey's performance and in making business decisions, as well as for comparison to Busey's peers. Busey believes the adjusted measures are useful for investors and management to understand the effects of certain non-core and non-recurring noninterest items and provide additional perspective on Busey's performance ...

July 23, 2024 First Busey Corporation Announces 2024 Second Quarter Earnings CHAMPAIGN, IL – (GLOBE NEWSWIRE) – First Busey Corporation (Nasdaq: BUSE) SECOND QUARTER 2024 HIGHLIGHTS For additional information, please refer to the 2Q24 Earnings Investor Presentation. Second Quarter Financial Results Second quarter results included $0.4 million in net securities losses, nearly all of which were unrealized, as well as an additional $0.3 million gain on the mortgage servicing right sale previously announced in ...

29 Recorded InvestmentAverage Recorded Investment With No AllowanceWith Allowance TotalRelated Allowance Loans evaluated individually Commercial loans: C&I and other commercial $ 7,283 $ 585 $ 1,785 $ 2,370 $ 785 $ 5,244 Commercial real estate 2,600 610 85 695 85 3,865 Real estate construction — — — — — 49 Commercial loans evaluated individually 9,883 1,195 1,870 3,065 870 9,158 Management estimates the ACL balance using relevant available information from internal and external sources, relating to past eve ...

First Busey (BUSE) reported $110.77 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.9%. EPS of $0.47 for the same period compares to $0.65 a year ago.The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $109.06 million. With the consensus EPS estimate being $0.49, the EPS surprise was -4.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...