FIRST BUSEY CORP /NV/ BUSE
2025 Acquisition of CrossFirst Bankshares, Inc.
First Busey Corporation is an $18.10 billion financial holding company. Organized in Nevada in 1980, First Busey Corporation is headquartered in Leawood, Kansas. First Busey Corporation's common stock is traded on The Nasdaq Global Select Market under the symbol "BUSE" and its Series B preferred stock is traded on The Nasdaq Global Select Market under the symbol "BUSEP."
Busey conducts the business of banking and provides related banking services, asset management, brokerage, and fiduciary services through Busey Bank, and provides payment technology solutions through FirsTech. Busey also has various other subsidiaries that are not significant to the consolidated entity.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by segment
- Banking
- Wealth Management
- FirsTech
| Segment | FY2025 |
|---|---|
| Banking | $635.7M |
| Wealth Management | $70.2M |
| FirsTech | $21.6M |
As the company reported it, from the “OPERATING SEGMENTS AND RELATED INFORMATION - Schedule of Financial Results by Operating Segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $719.6M | $462.3M | $441.8M | $450.2M | $298.8M | $326.6M | $356.2M | $286.0M | $224.3M | $164.9M |
| Interest expense | $569.6M | $322.6M | $320.6M | $323.6M | $28.1M | $43.7M | $69.0M | $44.6M | $20.9M | $10.2M |
| Pre-tax income | $186.6M | $153.3M | $153.9M | $161.7M | $156.8M | $128.2M | $134.4M | $133.9M | $108.1M | $76.4M |
| Income tax | $51.4M | $39.6M | $31.3M | $33.4M | $33.4M | $27.9M | $31.5M | $35.0M | $45.4M | $26.7M |
| Net income | $135.3M | $113.7M | $122.6M | $128.3M | $123.4M | $100.3M | $103.0M | $98.9M | $62.7M | $49.7M |
| EPS, basic | 1.49 | 2.01 | 2.21 | 2.32 | 2.23 | 1.84 | 1.88 | 2.02 | 1.47 | 1.42 |
| EPS, diluted | 1.47 | 1.98 | 2.18 | 2.29 | 2.20 | 1.83 | 1.87 | 2.01 | 1.45 | 1.40 |
| Shares, diluted (wtd. avg.) | 85.1M | 57.5M | 56.3M | 56.1M | 56.0M | 54.8M | 55.1M | 49.2M | 43.1M | 35.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $294.1M | $697.7M | $719.6M | $227.2M | $836.1M | $688.5M | $529.3M | $240.0M | $353.3M | $166.7M |
| Property, plant and equipment | — | $118.8M | $122.6M | $126.5M | $136.1M | $135.2M | $151.3M | $117.7M | $116.9M | $77.9M |
| Goodwill | $383.3M | $333.7M | $317.9M | $317.9M | $317.9M | $311.5M | $311.5M | $267.7M | $269.3M | $102.8M |
| Other intangibles | $97.4M | $32.3M | $36.0M | $46.4M | $58.1M | $52.0M | $61.6M | $32.9M | $38.7M | $18.5M |
| Total assets | $18.10B | $12.05B | $12.28B | $12.34B | $12.86B | $10.54B | $9.70B | $7.70B | $7.86B | $5.43B |
| Short-term debt | $0 | $0 | $12.0M | $351.1M | $17.7M | $4.7M | $6.0M | — | $220.0M | $75.0M |
| Long-term debt | — | — | — | — | — | — | — | $50.0M | $50.0M | $80.0M |
| Total liabilities | $15.64B | $10.66B | $11.01B | $11.19B | $11.54B | $9.27B | $8.48B | $6.71B | $6.93B | $4.83B |
| Retained earnings | $336.7M | $294.1M | $237.2M | $168.8M | $92.5M | $20.8M | -$14.8M | -$72.2M | -$132.1M | -$163.7M |
| Total equity | $2.47B | $1.38B | $1.27B | $1.15B | $1.32B | $1.27B | $1.22B | $995.0M | $935.0M | $594.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $192.6M | $178.3M | $173.4M | $165.8M | $162.0M | $163.2M | $88.3M | $202.5M | $253.4M | -$20.9M |
| Depreciation and amortisation | $12.9M | $9.5M | $9.5M | $10.5M | $11.6M | $12.3M | $11.9M | $9.6M | $8.6M | $7.3M |
| Stock-based compensation | $17.1M | $7.7M | $6.6M | $9.0M | $7.9M | $7.1M | $4.0M | $3.7M | $2.8M | $1.8M |
| Capital expenditure | $19.6M | $6.4M | $9.5M | $5.0M | $5.0M | $4.2M | $13.2M | $11.6M | $15.0M | $9.0M |
| Investing cash flow | $1.10B | $657.9M | $551.0M | -$290.9M | -$829.2M | -$729.5M | $57.4M | -$55.4M | -$293.9M | $149.7M |
| Financing cash flow | -$1.69B | -$858.1M | -$232.0M | -$483.9M | $814.7M | $725.6M | $143.6M | -$260.5M | $227.1M | -$281.4M |
| Dividends paid | $91.0M | $54.2M | $53.1M | $50.9M | $50.8M | $48.0M | $45.2M | $39.0M | $30.7M | $22.7M |
| Buybacks | $69.9M | $0 | $4.5M | $9.9M | $33.0M | $12.3M | $24.3M | — | — | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000314489-26-000021.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $164.9M | $224.3M | $286.0M | $356.2M | $326.6M | $298.8M | $450.2M | $441.8M | $462.3M | $719.6M |
| Gross profit | — | — | — | — | — | — | — | — | — | — |
| Net income | $49.7M | $62.7M | $98.9M | $103.0M | $100.3M | $123.4M | $128.3M | $122.6M | $113.7M | $135.3M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Officer or director change Item 5.02
- Other event Item 8.01
- Officer or director change Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event Item 8.01
- Other event Item 8.01
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $98.57B | 19.6x | 7.8% |
| FITB | FIFTH THIRD BANCORP | $48.05B | 15.0x | -5.0% |
| STT | STATE STREET CORP | $46.10B | 17.9x | 7.3% |
| MTB | M&T BANK CORP | $32.01B | 13.0x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $30.72B | 19.2x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $27.44B | 16.9x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $27.41B | 14.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.97B | 13.8x | 2.4% |