CHAMPAIGN, Ill. and LEAWOOD, Kan., Jan. 17, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, today announced it has received the approval of the Federal Reserve to acquire by merger CrossFirst Bankshares, Inc. (“CrossFirst”), the holding company for CrossFirst Bank. Both companies received shareholder approval for the transaction on Dec. 20, 2024. “We are pleased to have received regulatory approval from the Federal Reserve,” said Van Dukeman, Bu ...

CHAMPAIGN, Ill. and LEAWOOD, Kan., Dec. 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“First Busey”) (Nasdaq: BUSE), the holding company of Busey Bank, and CrossFirst Bankshares, Inc. (“CrossFirst”) (Nasdaq: CFB), the holding company of CrossFirst Bank, today jointly announced that First Busey shareholders and CrossFirst shareholders have each voted to adopt and approve, as applicable, all proposals relating to the previously announced merger in which First Busey will acquire CrossFirst. The special ...

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 September 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 organizat ...

For the quarter ended September 2024, First Busey (BUSE) reported revenue of $118.49 million, up 8.9% over the same period last year. EPS came in at $0.58, compared to $0.55 in the year-ago quarter.The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $118.32 million. With the consensus EPS estimate being $0.54, the EPS surprise was +7.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

First Busey (BUSE) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.41%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.50, delivering a surprise of 2.04%.Over the last four quarters, the c ...

| --- | --- | --- | |-------|-------|-------| | | | | | | | | October 22, 2024 First Busey Corporation Announces 2024 Third Quarter Earnings CHAMPAIGN, IL – (GLOBE NEWSWIRE) – First Busey Corporation (Nasdaq: BUSE) Net Income of $32.0 million Diluted EPS of $0.55 THIRD QUARTER 2024 HIGHLIGHTS • Adjusted net income of $33.5 million, or $0.58 per diluted common share • Noninterest income of $36.0 million, or 30.5% of operating revenue • Record high quarterly revenue for the Wealth Management operating segment ...

Core Financial Performance - Net income for the third quarter of 2024 was $32.0 million, or $0.55 per diluted common share, compared to $27.4 million, or $0.47 per diluted common share in the second quarter of 2024, and $30.7 million, or $0.54 per diluted common share in the third quarter of 2023 [2][24] - Adjusted net income for the third quarter of 2024 was $33.5 million, or $0.58 per diluted common share, compared to $29.0 million, or $0.50 per diluted common share in the second quarter of 2024, and $30.7 million, or $0.55 per diluted common share in the third quarter of 2023 [2][3] - Annualized return on average assets and annualized return on average tangible common equity were 1.06% and 12.80%, respectively, for the third quarter of 2024 [2][19] Revenue and Income Composition - Noninterest income for the third quarter of 2024 was $36.0 million, representing 30.5% of operating revenue, compared to $33.8 million in the second quarter of 2024 and $31.0 million in the third quarter of 2023 [5][26] - Wealth Management and FirsTech segments contributed $16.2 million and $5.6 million, respectively, to noninterest income for the third quarter of 2024, accounting for 60.4% of total noninterest income [5][26] Expense Management - Noninterest expense was $75.9 million in the third quarter of 2024, compared to $75.5 million in the second quarter of 2024 and $70.9 million in the third quarter of 2023 [6][24] - Adjusted core expense, excluding certain non-operating items, was $71.0 million in the third quarter of 2024, compared to $71.1 million in the second quarter of 2024 and $66.0 million in the third quarter of 2023 [6][24] Asset Quality and Capital Position - Non-performing assets decreased to $8.3 million, representing 0.07% of total assets as of September 30, 2024 [12] - The allowance for credit losses was $85.0 million, representing 1.09% of total portfolio loans outstanding, providing coverage of 10.34 times the non-performing loan balance [12] - Tangible common equity increased to 8.96% of tangible assets at September 30, 2024, compared to 8.36% at June 30, 2024, and 7.06% at September 30, 2023 [13] Strategic Developments - A transformative partnership with CrossFirst Bankshares was announced, which will create a premier commercial bank with approximately $20 billion in combined assets and 77 full-service locations across 10 states [8][9] - The merger agreement allows CrossFirst stockholders to receive 0.6675 of a share of Busey's common stock for each share of CrossFirst common stock [9][10] Balance Sheet Strength - Total assets were $11.99 billion as of September 30, 2024, compared to $11.97 billion as of June 30, 2024, and $12.26 billion as of September 30, 2023 [25] - Total deposits were $9.94 billion at September 30, 2024, compared to $9.98 billion at June 30, 2024, and $10.33 billion at September 30, 2023 [26][27]

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) ...