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
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.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |