olivLaw · US equity research
First Busey Corporation BUSE
State Commercial Banks · SIC 6022 · Vertical: State Commercial Banks (SIC 6022)
First Busey is a Nevada-organized financial holding company headquartered in Leawood, Kansas, operating through Busey Bank, wealth management and FirsTech payment processing. Its balance sheet above 18 billion dollars, expanded by the 2025 CrossFirst acquisition, and the stable net interest margin in 2026 explain why investors follow the bank closely now.
The AI analysis may be outdated: new filings came after its sources (see the «AI analysis» section).
At the close of 04 Nov 2026, First Busey Corporation (BUSE) stock was 29.37 USD (+1.64% on the day), with market capitalisation 2.4 bn USD, P/E 11.9 on diluted EPS of 2.47 USD over the last 12 months, dividend yield 3.41%, beta 0.79, 52-week range 22.17–31.58 USD. Latest reported quarter (Q2 2026): revenue of 196.7 m USD (−0.7% YoY), net income of 63.2 m USD (+33.3% YoY), diluted EPS 0.69 USD.
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 47.7
- neutral
- Bollinger (20, 2)
- 28.44 – 30.53
- in the lower half of the band · %B 0.44 · band width 7.1%
- SMA 50 / 200
- 29.80 / 27.99
- mixed trend
- MACD (12, 26, 9)
- -0.13 / -0.08
- MACD below signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | −0.5% | −1.1% | +0.6 pp | — |
| 3 months | −6.4% | −0.5% | −5.9 pp | — |
| 6 months | +9.9% | +4.4% | +5.5 pp | — |
| Year to date | +23.4% | +12.3% | +11.1 pp | — |
| 1 year | +29.6% | +13.5% | +16.0 pp | +23.6% |
| 3 years | +40.6% | +76.4% | −35.8 pp | +74.0% |
| 5 years | +8.3% | +63.7% | −55.4 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q2 2026 · 30 Jun 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 118.5 m | 116.8 m | 125.0 m | 198.0 m | 196.3 m | 200.2 m | 196.2 m | 196.7 m |
| Depreciation & amortisation | 2.3 m ≈ | 2.3 m | 2.6 m | 3.4 m ≈ | 3.4 m ≈ | 3.4 m | 3.6 m | 3.6 m ≈ |
| Pre-tax income | 42.6 m | 37.4 m | -32.7 m | 64.5 m | 77.3 m | 77.5 m | 63.7 m | 81.9 m |
| Income tax | 10.6 m | 9.3 m | -2.7 m | 17.1 m | 20.2 m | 16.7 m | 13.7 m | 18.7 m |
| Net income | 32.0 m | 28.1 m | -30.0 m | 47.4 m | 57.1 m | 60.8 m | 50.0 m | 63.2 m |
| Diluted EPS | 0.55 | 0.49 ≈ | -0.44 | 0.52 | 0.58 | 0.68 ≈ | 0.52 | 0.69 |
| Operating cash flow | 60.1 m ≈ | 52.3 m | 8.4 m | 49.5 m ≈ | 62.5 m ≈ | 72.2 m | 51.5 m | 41.5 m ≈ |
| Capex | 988.0 k ≈ | 1.9 m | 1.8 m | 3.4 m ≈ | 8.0 m ≈ | 6.4 m | 2.5 m | 2.3 m ≈ |
| Dividends paid | 13.6 m ≈ | 13.6 m | 14.2 m | 22.6 m ≈ | 27.4 m ≈ | 26.7 m | 27.2 m | 26.7 m ≈ |
| Share repurchases | 0 ≈ | 0 | 4.8 m | 21.7 m ≈ | 13.5 m ≈ | 29.8 m | 66.1 m | 63.8 m ≈ |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 38 percentile of its own 39-quarter history (min 8.3, median 12.2, max 21.8; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | unavailable | unavailable | unavailable | unavailable | 450.2 m | 441.8 m | 462.3 m | 719.6 m |
| Revenue YoY | unavailable | unavailable | unavailable | unavailable | unavailable | −1.9% | +4.6% | +55.7% |
| Net income | 98.9 m | 103.0 m | 100.3 m | 123.4 m | 128.3 m | 122.6 m | 113.7 m | 135.3 m |
| Net income YoY | +57.7% | +4.1% | −2.5% | +23.0% | +3.9% | −4.5% | −7.2% | +19.0% |
| Diluted EPS | 2.01 | 1.87 | 1.83 | 2.20 | 2.29 | 2.18 | 1.98 | 1.47 |
| Diluted EPS YoY | +38.6% | −7.0% | −2.1% | +20.2% | +4.1% | −4.8% | −9.2% | −25.8% |
| net % | unavailable | unavailable | unavailable | unavailable | 28.5% | 27.7% | 24.6% | 18.8% |
| Free cash flow | 190.9 m | 75.1 m | 159.0 m | 157.0 m | 160.8 m | 163.9 m | 171.8 m | 173.0 m |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 280.2 m USD
- Financial debt
- 0 USD
- Net debt
- -280.2 m USD
- Equity
- 2.5 bn USD
- Total assets
- 18.1 bn USD
- Debt / equity
- 0.00x
- Current ratio
- unavailable
- ROE
- 7.0%
- ROA
- 0.9%
- FCF margin
- 24.0%
Financial statements (source on every figure)
Revenue and net income (USD)
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Net interest income | 282.9 m | 270.7 m | 323.6 m | 320.6 m | 322.6 m | 569.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Net fee income | — | — | 126.6 m | 121.2 m | 139.7 m | 150.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Non-interest expense | 234.2 m | 261.8 m | 283.9 m | 285.1 m | 301.5 m | 480.2 m | SEC (XBRL)· 26 Feb 2026verified |
| Pre-tax income | 128.2 m | 156.8 m | 161.7 m | 153.9 m | 153.3 m | 186.6 m | SEC (XBRL)· 26 Feb 2026verified |
| Net income | 100.3 m | 123.4 m | 128.3 m | 122.6 m | 113.7 m | 135.3 m | SEC (XBRL)· 26 Feb 2026verified |
| Diluted EPS | 1.83 | 2.20 | 2.29 | 2.18 | 1.98 | 1.47 | SEC (XBRL)· 26 Feb 2026verified |
| Dividend per share | 0.88 | 0.92 | 0.92 | 0.96 | 0.96 | 1.00 | SEC (XBRL)· 26 Feb 2026verified |
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 688.5 m | 836.1 m | 227.2 m | 719.6 m | 697.7 m | 280.2 m | SEC (XBRL)· 07 May 2026verified |
| Loans | — | 7.1 bn | 7.6 bn | 7.6 bn | 7.6 bn | 13.4 bn | SEC (XBRL)· 26 Feb 2026verified |
| Total assets | 10.5 bn | 12.9 bn | 12.3 bn | 12.3 bn | 12.0 bn | 18.1 bn | SEC (XBRL)· 26 Feb 2026verified |
| Deposits | 8.7 bn | 10.8 bn | 10.1 bn | 10.3 bn | 10.0 bn | 14.9 bn | SEC (XBRL)· 26 Feb 2026verified |
| Short-term debt | 4.7 m | 17.7 m | 351.1 m | 12.0 m | 0 | 0 | SEC (XBRL)· 26 Feb 2026verified |
| Total liabilities | 9.3 bn | 11.5 bn | 11.2 bn | 11.0 bn | 10.7 bn | 15.6 bn | SEC (XBRL)· 26 Feb 2026verified |
| Equity | 1.3 bn † | 1.3 bn † | 1.1 bn † | 1.3 bn † | 1.4 bn † | 2.5 bn † | SEC (XBRL)· 26 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Dividends paid | 48.0 m | 50.8 m | 50.9 m | 53.1 m | 54.2 m | 91.0 m | SEC (XBRL)· 26 Feb 2026verified |
| Share repurchases | 12.3 m | 33.0 m | 9.9 m | 4.5 m | 0 | 69.9 m | SEC (XBRL)· 26 Feb 2026verified |
Computed indicators
Growth
Profitability
Returns
Market and valuation
Banking
32 indicators that do not apply to the sector.
Valuation
olivLaw classification
Score: 53 / 100
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 2.4 bn USD
Key indicators
Coverage and freshness
Score by group
- Balance sheet35
- Growth43
- Quality39
- Returns91
- Valuation74
Estimated value range
The combined range = the median of the valid methods' low, central and high values; it is not a probability interval and does not cover every result. Envelope of all methods: 13.14 – 42.96 USD.
Valuation assumptions are editorial choices, not measured; beta is not measured.
Method ranges (USD per share)
— — Mid · ▏ Price
Valuation methods
- Residual income28.44 – 29.73 (Mid 29.07)
- Justified P/B26.40 – 35.50 (Mid 30.28)
- Dividend discount (DDM)13.14 – 17.67 (Mid 15.07)
- Peers: P/E27.31 – 33.19 (Mid 31.61)33 companies used · median multiple 12.8x · quartiles 11.1x – 13.4xACNB, ALLY, ASB, AUBN, BANR, BNY, BWFG, CFG, COFS, COSO, EFSI, EWBC, FBP, FHB, FUSB, FVCB, GABC, HTH, ISBA, JMSB, MNSB, MTB, MYFW, NTRS, NWFL, OFG, OPBK, PEBK, STT, TCBI, TCBK, WAL, WTFC
- Peers: P/B31.80 – 42.96 (Mid 36.90)34 companies used · median multiple 1.3x · quartiles 1.1x – 1.5xACNB, ALLY, ASB, AUBN, AVBH, BANR, BWFG, CFG, COFS, COSO, EFSI, EWBC, FBP, FHB, FITB, FUSB, FVCB, GABC, GBCI, HTH, ISBA, JMSB, MNSB, MTB, MYFW, NWFL, OFG, OPBK, PEBK, STT, TCBI, TCBK, WAL, WTFC
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Neutral profile · Score 53/100
| Factor | Value | Score | Weight used |
|---|---|---|---|
| ROE · Quality | 9.6% | 32 (vs peers) | 19% |
| ROA · Quality | 1.2% | 60 (on a fixed band) | 7% |
| Cost-to-income · Quality | 61.1% | 16 (on a fixed band) | 12% |
| Net interest margin · Quality | 3.3% | 73 (on a fixed band) | 7% |
| EPS CAGR 3Y · Growth | -13.7% | 0 (on a fixed band) | 10% |
| Revenue CAGR 3Y · Growth | 16.9% | 100 (on a fixed band) | 7% |
| NPL ratio · Balance sheet | unavailable | unavailable | — |
| Cost of risk · Balance sheet | unavailable | unavailable | — |
| Loan-to-deposit · Balance sheet | 86.1% | 35 (on a fixed band) | 5% |
| P/B · Valuation | 1.0x | 86 (vs peers) | 12% |
| P/E (TTM) · Valuation | 11.9x | 63 (vs peers) | 12% |
| Dividend yield · Returns | 3.4% | 91 (vs peers) | 10% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial35/100 · 1/3 factors with a value
- Growth43/100 · 2/2 factors with a value
- Quality39/100 · 4/4 factors with a value
- Returns91/100 · 1/1 factors with a value
- Valuation74/100 · 2/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
FIRST BUSEY CORPORATION (BUSE). Latest full fiscal year: 2025; data up to 2026-06-30.
Figures computed from the financial statements: net interest income 569.6 m USD in 2025; YoY growth 55.7%; net margin 29.3%; ROE 9.6%.
The estimated value range is 27.31–33.19 USD per share (median of 5 methods, agreement: high); assumptions are illustrative. Against the central value of 30.28 USD, the price of 29.36 USD leaves a potential of 3.1% (value / price − 1) and a margin of safety of 3.0% (1 − price / value). The range is the median of the methods' low, central and high values, not a probability interval.
olivLaw score 53/100, methodological classification: neutral profile (score, margin of safety and method agreement together; not a judgement of the right price). Groups assessed only in part: balance. Not investment advice.
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Net interest margin: 3.3%
- Revenue CAGR 3Y: 16.9%
- P/B: 1.0x
- Dividend yield: 3.4%
What contradicts it
- Cost-to-income: 61.1%
- EPS CAGR 3Y: -13.7%
Not assessed (insufficient data or a ratio without meaning): NPL ratio, Cost of risk.
Versus the vertical median
State Commercial Banks (SIC 6022) · same industry (4-digit SIC) · compared with 39 companies
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| BNYThe Bank Of New York Mellon Corporation | 102.8 bn | 16.8 | 15.0% | 32.6% | +7.8% | +36% / +216% |
| FITBFifth Third Bancorp | 49.4 bn | 18.4 | 9.4% | — | −2.0% | +26% / +89% |
| STTState Street Corporation | 47.2 bn | 13.9 | 13.1% | 23.8% | +7.3% | +46% / +138% |
| MTBM&T Bank Corp | 32.4 bn | 11.7 | 10.7% | 178.1% | +7.5% | +18% / +75% |
| NTRSNorthern Trust Corporation | 32.2 bn | 13.7 | 18.4% | 28.8% | −2.5% | +36% / +125% |
| CFGCitizens Financial Group Inc | 27.6 bn | 13.0 | 8.9% | 25.4% | +5.6% | +22% / +142% |
| EWBCEast West Bancorp, Inc. | 18.4 bn | 12.9 | 16.6% | — | +4.4% | +26% / +113% |
| ALLYAlly Financial Inc. | 11.8 bn | 8.8 | 9.9% | 16.8% | −3.3% | −5% / +35% |
| WTFCWintrust Financial Corp | 10.5 bn | 11.9 | 12.9% | 347.5% | +5.9% | +16% / +82% |
| WALWestern Alliance Bancorporation | 8.5 bn | 8.7 | 13.3% | 436.5% | +99.7% | −3% / +55% |
| GBCIGlacier Bancorp, Inc. | 6.5 bn | 18.6 | 8.8% | 308.8% | +7.5% | +17% / +48% |
| ASBAssociated Banc-Corp | 5.8 bn | 10.8 | 10.2% | — | −11.0% | +19% / +77% |
| TCBITexas Capital Bancshares Inc | 4.5 bn | 13.4 | 10.2% | — | unavailable | +18% / +93% |
| FBPFirst Bancorp | 4.1 bn | 11.2 | 19.5% | 29.0% | +2.4% | +34% / +77% |
| FHBFirst Hawaiian, Inc. | 3.1 bn | 11.6 | 9.9% | 30.3% | +8.9% | +4% / +32% |
| BANRBanner Corporation | 2.6 bn | 12.2 | 10.0% | — | unavailable | +14% / +59% |
| BUSEFirst Busey Corporation | 2.4 bn | 11.9 | 9.6% | 29.3% | +55.7% | +30% / +41% |
| OFGOFG Bancorp | 2.2 bn | 10.1 | 16.1% | — | unavailable | +30% / +53% |
| HTHHilltop Holdings Inc. | 2.1 bn | 15.7 | 6.6% | — | unavailable | +10% / +28% |
| GABCGerman American Bancorp, Inc. | 1.9 bn | 13.4 | 12.5% | 28.2% | +37.8% | +28% / +76% |
| TCBKTriCo Bancshares | 1.7 bn | 12.9 | 10.4% | 249.7% | +4.1% | +12% / +57% |
| ACNBAcnb Corporation | 686.6 m | 12.8 | 13.3% | 27.1% | +45.1% | +39% / +73% |
| BWFGBankwell Financial Group, Inc. | 584.1 m | 12.9 | 14.5% | 1,437.5% | +44.0% | +60% / +172% |
| COFSChoiceOne Financial Services, Inc. | 562.5 m | 10.4 | 12.0% | 42.0% | +63.6% | +24% / +50% |
| NWFLNorwood Financial Corp | 398.9 m | 12.7 | 11.2% | 338.1% | +8.1% | +28% / +32% |
1- and 3-year price returns: for BUSE from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
The engine has no published run for this company yet.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 21.75 Total return -23% · Per year -23% | 38.28 Total return 35% · Per year 35% | 57.43 Total return 101% · Per year 101% |
| 3 years | 25.80 Total return -1% · Per year -0% | 50.63 Total return 88% · Per year 23% | 82.69 Total return 201% · Per year 44% |
| 5 years | 30.61 Total return 24% · Per year 4% | 66.96 Total return 158% · Per year 21% | 119.08 Total return 345% · Per year 35% |
- Exit P/E± 12.66
- Net margin± 8.86
- Annual revenue growth± 6.61
- Annual dilution± 0.74
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (27 Oct 2026 · results).
In brief
First Busey is a Nevada-organized financial holding company headquartered in Leawood, Kansas, operating through Busey Bank, wealth management and FirsTech payment processing. Its balance sheet above 18 billion dollars, expanded by the 2025 CrossFirst acquisition, and the stable net interest margin in 2026 explain why investors follow the bank closely now.
SWOT
Strengths
- The core deposit base is solid and bank capital sits well above regulatory thresholds, which gives the company flexibility.
- The wealth management division reported fee income that grew from one quarter to the next.
- A presence across several states and in dynamic urban areas reduces dependence on a single market.
Weaknesses
- The FirsTech division posted a net loss in 2025, showing that some payment services are not yet profitable.
- Integration costs of recent acquisitions weighed on profit in 2025 and raised expenses.
- The commercial real estate portfolio is sensitive to falling rents and to the level of interest rates.
Opportunities
- Full integration of the acquired banks could lower costs and could raise the return on capital.
- If interest rates stabilise, the net interest margin could stay at an elevated level.
- Expanding wealth management services in urban markets could attract new clients with large asset balances.
Threats
- Competition from digital banks and fintech firms could press the cost of deposits.
- Regulatory changes on artificial intelligence, data privacy and digital assets could raise compliance costs.
- A weaker economy could lead to more non-performing loans and additional provisions.
Risks
- High rates and margin pressurehigh
If interest rates stay high, funding costs could rise faster than loan yields, compressing the net margin.
- Commercial real estate credit riskhigh
Non-owner occupied commercial real estate loans depend on rental income, so a drop in demand could affect repayments.
- Acquisition integrationmedium
Integrating the acquired banks could generate unexpected costs or client losses if the process runs late.
- Regulation and compliancemedium
Legislative changes on digital payments, digital assets and client data could raise operating costs.
- Litigation and tax disputelow
The company is involved in a dispute with Illinois authorities over franchise taxes, and the outcome could exceed the amounts accrued.
Investment thesis
What would need to be true (bull case)
- The net interest margin improved year over year and adjusted return on assets rose, suggesting a more efficient earnings model.
- The capital base is strong, and share repurchases show management considers capital sufficient to return value to shareholders.
- The wealth management division grew quarter after quarter, which could bring steadier fee revenue.
What would break the thesis
- Reported profit includes significant acquisition-related adjustments, and the adjusted figure may hide recurring integration costs.
- Exposure to commercial real estate lending could generate losses if the Midwest or Texas markets weaken.
- If competition for deposits intensifies, funding costs could stay high and limit margin expansion.
What to watch
- Trend of the net interest margin and total cost of fundsQ3 2026
- Level of non-performing loans and provisions for credit lossesQ3 2026
- Full integration of CrossFirst and any resulting cost savings2026
- Outcome of the Illinois franchise tax dispute and regulatory changesnext 10-K
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
Possibly outdated: the newest document it read is from 06 Aug 2026; since then the company filed 8-K (27 Oct 2026 · results).
The business
Busey Bank is an Illinois state-chartered bank founded in 1868, with 79 banking centers across 10 states, offering commercial lending, retail banking, wealth management and fiduciary services. The company has grown through successive acquisitions, including CrossFirst Bankshares, completed on March 1, 2025, and merged into Busey Bank on June 20, 2025. The bank's income comes mainly from interest and fees on loans and investments, wealth management fees, service fees and payment technology revenue. Its main expenses are interest paid on deposits and borrowings and general operating costs.
Segments
Banking
The banking segment delivered the largest profit among the reported segments in 2025 and provides commercial, CRE, construction and agricultural loans, plus deposits and services for individuals and firms.
Wealth Management
The wealth management division offers investment, fiduciary, financial planning and farm management services, and its fees reached a new quarterly record in the second quarter of 2026, with assets under care above 16 billion dollars.
FirsTech
FirsTech, a subsidiary of Busey Bank, processes payments for business clients through multiple channels, from telephone and lockbox to electronic routing, and posted a small net loss in 2025.
Market context
Busey Bank ranked fourth by total deposits among 349 institutions headquartered in Illinois as of June 30, 2025, and placed in the top 10 in nine Illinois counties. The US banking market stays sensitive to the level of interest rates and inflation pressure, while demand for wealth management in urban Midwest and Texas markets remains firm.
Trends
- Pressure of interest rates on marginsmixed
Funding costs and asset yields reprice at different speeds, which compresses net interest margin when rates are high, although the margin held steady in the second quarter of 2026.
- Consolidation through acquisitionsmixed
Recent deals such as M&M and CrossFirst extended the geographic footprint and brought large loan volumes, but also created integration costs and initial credit provisions.
- Growth of core depositstailwind
Deposits rose in the second quarter of 2026, and funding through core deposits reduces reliance on costlier borrowings, which could support margins if the trend continues.
- Economic and credit uncertaintyheadwind
Uncertain economic conditions, geopolitical tensions and trade policy could delay client repayments and require larger provisions for credit losses.
Competitive position
Busey Bank competes with national and state banks, savings and loan associations, credit unions and digital banks, relying on loan type, rates, service quality and technology for deposits and loans. Competition also extends to asset managers, brokers, fintech firms and payment providers.
- Commercial banks in Illinois and the Midwest
Commercial banks in the same communities compete directly for local deposits, according to the annual report.
- Savings institutions and credit unions
Savings institutions and credit unions offer competitive deposit rates in the same local markets.
- Digital banks and fintech companies
Digital banks and fintech companies attract customers through technology and mobile services, mainly for deposits.
- Asset management and brokerage firms
Asset managers and brokers compete with the Wealth Management division for the same clients.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
Loading the links…
News & filings
In the press
No news in our archive over the last 180 days.
SEC filings
- Current report27 Oct 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report13 Oct 2026Other events
- Current report07 Aug 2026Other events
- Quarterly report06 Aug 2026
- Current report31 Jul 2026Departure or appointment of officers
- Current report28 Jul 2026Results of operations · Regulation FD disclosure · Financial statements and exhibits
- Current report14 Jul 2026Departure or appointment of officers · Other events · Financial statements and exhibits
- Current report22 May 2026Departure or appointment of officers · Shareholder vote · Other events · Financial statements and exhibits
- Quarterly report07 May 2026
- Current report05 May 2026Other events
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / First Busey Corporation · 26 Feb 2026
- [2] Form 10-Q, quarter ended 2026-06-30 · SEC / First Busey Corporation · 06 Aug 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / First Busey Corporation · 28 Jul 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.