Core Insights - First Busey (BUSE) reported a revenue of $200.25 million for the quarter ended December 2025, marking a year-over-year increase of 71.5% and exceeding the Zacks Consensus Estimate of $196.05 million by 2.14% [1] - The company's EPS for the same period was $0.68, up from $0.53 a year ago, representing an EPS surprise of 11.93% against the consensus estimate of $0.61 [1] Financial Performance Metrics - Efficiency Ratio stood at 57.4%, slightly above the three-analyst average estimate of 56.2% [4] - Net Interest Margin was reported at 3.7%, matching the average estimate based on three analysts [4] - Average Balances of Interest-earning assets were $16.94 billion, compared to the estimated $16.89 billion by two analysts [4] - Total noninterest income reached $42.69 million, surpassing the average estimate of $40.48 million from three analysts [4] - Mortgage revenue was $0.8 million, exceeding the average estimate of $0.57 million [4] - Other noninterest income amounted to $6.79 million, compared to the two-analyst average estimate of $4.1 million [4] - Wealth management fees were reported at $18.1 million, above the average estimate of $17.45 million [4] - Net Interest Income was $157.56 million, compared to the average estimate of $155.59 million [4] - Payment technology solutions revenue was $4.88 million, slightly below the two-analyst average estimate of $5.05 million [4] - Tax-equivalent net interest income was $158.42 million, exceeding the average estimate of $156.39 million [4] - Income on bank-owned life insurance was $1.78 million, above the average estimate of $1.62 million [4] Stock Performance - Shares of First Busey have returned +1.9% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [3]

Core Insights - First Busey Corporation reported strong financial performance in the fourth quarter of 2025, with net income of $60.8 million, or $0.63 per diluted share, marking an increase from $57.1 million in the previous quarter and $28.1 million in the same quarter last year [5][6]. Financial Performance - The adjusted return on average assets improved by 39 basis points to 1.41%, while the net interest margin expanded by 76 basis points to 3.71% due to effective deposit cost control [3][5]. - Total noninterest income for the fourth quarter was $42.7 million, a 3.6% increase from the previous quarter and a 21.2% increase year-over-year, driven by wealth management fees and other noninterest income [23][24]. - Full-year 2025 net income reached $135.3 million, or $1.47 per diluted share, with an annualized return on average assets of 0.76% [6][12]. Wealth Management and Assets - Wealth management fee income reached a record high, with assets under care increasing by 4.7% quarter-over-quarter to $15.66 billion, supported by strong investment performance [3][29]. - The company’s capital position remained robust, with Common Equity Tier 1 Capital to Risk Weighted Assets at 12.44%, reflecting an 11 basis point increase from the prior quarter [3]. Noninterest Expense and Efficiency - Total noninterest expense increased by 0.3% compared to the previous quarter, primarily due to nonrecurring acquisition expenses related to the CrossFirst acquisition [27][28]. - The efficiency ratio improved to 57.4% for the fourth quarter, down from 58.5% in the previous quarter and 64.8% in the same quarter last year [31]. Organizational Update - The Board of Directors announced the separation of Michael J. Maddox from the company, with Van A. Dukeman continuing as Chairman and CEO for at least two more years [4].

Core Insights - First Busey Corporation reported a net income of $57.1 million for Q3 2025, an increase from $47.4 million in Q2 2025 and $32.0 million in Q3 2024, with diluted EPS at $0.58 [3][4] - The adjusted net income available to common stockholders was $57.4 million, or $0.64 per diluted common share, reflecting a slight increase from $57.2 million in Q2 2025 [5][6] - The company optimized its balance sheet, resulting in an improved adjusted return on average assets of 1.33% and a net interest margin of 3.58%, up 9 basis points from the previous quarter [2][12] Financial Performance - Total interest income for Q3 2025 was $244.5 million, while total interest expense was $89.4 million, leading to a net interest income of $155.1 million [4][13] - Noninterest income decreased by 8.2% compared to Q2 2025, primarily due to a decline in net securities gains, but increased by 14.9% compared to Q3 2024 [13][15] - Total noninterest expense was $120.0 million, a decrease of 6.1% from Q2 2025, but an increase of 58.9% from Q3 2024, largely due to acquisition-related costs [16][17] Asset Quality - The allowance for credit losses was $174.2 million, representing 1.28% of total portfolio loans, with a coverage ratio of 3.67 times non-performing loans [30][31] - Non-performing assets decreased slightly to $57.7 million, accounting for 0.32% of total assets, while classified assets fell to $161.1 million [29][30] Deposits and Borrowings - Total deposits amounted to $15.1 billion, with a strategic reduction of high-cost, non-relationship deposits by $794.6 million during the quarter [35][36] - Core deposits represented 93.8% of total deposits, indicating a strong deposit franchise [36] - Total borrowings increased by 2.3% from Q2 2025, totaling $273.0 million, with no short-term borrowings reported [39] Balance Sheet Strength - Total assets as of September 30, 2025, were $18.2 billion, a decrease from $18.9 billion at the end of Q2 2025 [26][20] - Common Equity Tier 1 Capital grew to 12.33%, reflecting strong capital levels [2][3]

Core Insights - First Busey Corporation reported a net income of $47.4 million for the second quarter of 2025, a significant recovery from a net loss of $30.0 million in the first quarter of 2025, and an increase from $27.4 million in the second quarter of 2024 [6][8][48] - The acquisition of CrossFirst Bank has been a transformative event, contributing positively to the financial results and expanding the bank's service offerings [3][6] Financial Performance - Net interest income for the second quarter of 2025 was $153.2 million, up from $103.7 million in the first quarter of 2025 and $82.5 million in the second quarter of 2024 [11][12] - The net interest margin increased to 3.49% in the second quarter of 2025, compared to 3.16% in the first quarter of 2025 and 3.03% in the second quarter of 2024 [12][13] - Adjusted net income, excluding non-GAAP adjustments, was $57.4 million, or $0.63 per diluted common share, for the second quarter of 2025, compared to $39.9 million in the first quarter of 2025 [8][21] Noninterest Income - Total noninterest income increased by 111.4% compared to the first quarter of 2025 and by 33.1% compared to the second quarter of 2024, primarily due to net securities gains and the contribution from the CrossFirst acquisition [15][16] - Adjusted noninterest income, excluding net securities gains and losses, increased by 5.1% to $38.9 million in the second quarter of 2025 [16][17] Noninterest Expense - Total noninterest expense rose by 14.1% compared to the first quarter of 2025 and by 68.4% compared to the second quarter of 2024, largely due to acquisition-related costs and increased operational expenses [21][22] - Adjusted noninterest expense, excluding acquisition and restructuring expenses, was $106.6 million in the second quarter of 2025, a 28.6% increase from the first quarter of 2025 [22] Asset Quality - The allowance for credit losses was $183.3 million as of June 30, 2025, representing 1.33% of total portfolio loans, with a coverage ratio of 3.36 times non-performing loans [43][41] - Non-performing loans were 0.40% of portfolio loans as of June 30, 2025, reflecting a slight increase from the previous quarter [41][42] Balance Sheet Strength - Total assets were $18.92 billion as of June 30, 2025, down from $19.46 billion as of March 31, 2025, but up from $11.97 billion a year earlier [32][26] - Total deposits were $15.80 billion at June 30, 2025, compared to $16.46 billion at March 31, 2025, with a deliberate run-off of higher-cost brokered deposits contributing to the decrease [48][49]

Core Viewpoint - First Busey Corporation successfully closed a public offering of 8,600,000 depositary shares, raising approximately $207.48 million, which will enhance its capital structure and support future growth initiatives [1]. Group 1: Offering Details - The public offering included 8,600,000 depositary shares, with each share representing a 1/40th ownership interest in a share of 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock [1]. - The liquidation preference for each share is $1,000, equivalent to $25.00 per depositary share [1]. - The offering was managed by Piper Sandler & Co., Morgan Stanley & Co. LLC, and Keefe, Bruyette & Woods, Inc. as joint bookrunning managers [2]. Group 2: Financial Profile - As of March 31, 2025, First Busey Corporation had total assets of $19.46 billion [4]. - Busey Bank, a wholly-owned subsidiary, reported total assets of $11.98 billion [5]. - CrossFirst Bank, another subsidiary, had total assets of $7.45 billion and is set to merge with Busey Bank on June 20, 2025 [6]. Group 3: Wealth Management and Technology Services - Busey Bank's Wealth Management division manages assets totaling $13.68 billion, offering a range of services including asset management and tax preparation [7]. - FirsTech, a subsidiary of Busey Bank, specializes in financial technology solutions for small and medium-sized businesses, providing various payment technology services [8]. Group 4: Recognition and Awards - Busey was ranked 88th among America's Best Banks by Forbes in 2025 and received multiple accolades for being a great workplace [9].

Core Insights - First Busey (BUSE) reported revenue of $124.95 million for Q1 2025, a year-over-year increase of 12.8%, with EPS of $0.57 compared to $0.47 a year ago, indicating a positive earnings surprise of +7.55% against the consensus estimate of $0.53 [1][2] Financial Performance - Revenue of $124.95 million represents a surprise of -9.55% compared to the Zacks Consensus Estimate of $138.14 million [1] - The efficiency ratio was reported at 79.4%, significantly higher than the three-analyst average estimate of 62.6% [4] - Net interest margin stood at 3.2%, slightly above the 3.1% average estimate based on three analysts [4] - Non-performing loans totaled $54.72 million, exceeding the average estimate of $34.20 million from two analysts [4] - Average balances of interest-earning assets were $13.36 billion, surpassing the estimate of $13.16 billion [4] - Total noninterest income was reported at $21.22 million, well below the average estimate of $36.56 million [4] - Mortgage revenue was $0.33 million, compared to the average estimate of $0.43 million [4] - Customer service fees amounted to $8.13 million, slightly below the average estimate of $8.48 million [4] - Net interest income reached $103.73 million, exceeding the average estimate of $101.60 million [4] - Payment technology solutions revenue was $5.07 million, compared to the average estimate of $5.30 million [4] - Tax-equivalent net interest income was $104.27 million, above the average estimate of $101.22 million [4] - Wealth management fees were reported at $17.36 million, slightly below the average estimate of $17.41 million [4] Stock Performance - Shares of First Busey have returned -11.3% over the past month, compared to the Zacks S&P 500 composite's -8.9% change [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]