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First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, Wealth Management, and FirsTech. It offers demand and savings deposits, money transfers, safe deposit services, individual retirement accounts and other fiduciary services, automated teller machines, and technology-based networks, as well as various loan products, including residential real estate, home equity lines of credit, and consumer loans to individual customers; and commercial, commercial real estate, real estate construction, and agricultural loans, as well as cash management services to corporate customers. The company also provides asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services; trust and estate advisory services and financial planning; succession planning and employee retirement plan; and investment strategy consulting services to individuals, businesses, and foundations. In addition, its payment technology solution offers text-based mobile bill pay; interactive voice response; electronic payment concentration delivered to automated clearing house networks, money management, and credit card networks; walk-in payment processing for customers at retail pay agents; customer service payments made over a telephone; direct debit services; merchant services referral solutions; lockbox remittance processing for customers to make payments by mail; and tools for billing, reconciliation, bill reminders, and treasury services. The company was founded in 1868 and is headquartered in Leawood, Kansas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $720M | - | $135M | $173M | 5.5% | 55.9% | 19.0% |
| 2024 | $461M | - | $114M | $172M | 8.2% | 4.7% | -7.2% |
| 2023 | $441M | - | $123M | $164M | 9.6% | -2.1% | -4.5% |
| 2022 | $450M | - | $128M | $161M | 11.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 450.05 | 440.67 | 461.44 | 719.58 |
| Pretax Income | 161.74 | 153.90 | 153.30 | 186.64 |
| Tax Provision | 33.43 | 31.34 | 39.61 | 51.38 |
| Net Income | 128.31 | 122.56 | 113.69 | 135.26 |
| Net Income Common Stockholders | 128.31 | 122.56 | 113.69 | 135.26 |
| Interest Expense | 36.55 | 159.92 | 201.07 | 324.25 |
| Interest Income | 359.99 | 479.37 | 522.83 | 890.90 |
| Selling General And Administration | 163.07 | 168.25 | 181.22 | 299.46 |
| Normalized Income | 128.31 | 122.56 | 107.96 | 135.26 |
| Basic EPS | 2.32 | 2.21 | 2.01 | 1.49 |
| Diluted EPS | 2.29 | 2.18 | 1.98 | 1.47 |
| Tax Effect Of Unusual Items | 0 | 0 | 2 | 0 |
| Tax Rate For Calcs | 0.21 | 0.20 | 0.26 | 0.28 |
| Total Unusual Items | 0 | 0 | 7.72 | 0 |
| Total Unusual Items Excluding Goodwill | 0 | 0 | 7.72 | 0 |
| Net Income From Continuing Operation Net Minority Interest | 128.31 | 122.56 | 113.69 | 135.26 |
| Reconciled Depreciation | 25.65 | 22.70 | 20.56 | 30.20 |
| Net Interest Income | 323.44 | 319.45 | 321.76 | 566.65 |
| Net Income From Continuing And Discontinued Operation | 128.31 | 122.56 | 113.69 | 135.26 |
| Diluted Average Shares | 56.14 | 56.26 | 57.54 | 85.13 |
| Basic Average Shares | 55.39 | 55.43 | 56.61 | 84.01 |
| Diluted NI Availto Com Stockholders | 128.31 | 122.56 | 113.69 | 135.26 |
| Net Income Including Noncontrolling Interests | 128.31 | 122.56 | 113.69 | 135.26 |
| Net Income Continuous Operations | 128.31 | 122.56 | 113.69 | 135.26 |
| Gain On Sale Of Security | -2.13 | -2.20 | -6.10 | -10.73 |
| Depreciation Amortization Depletion Income Statement | 11.63 | 10.43 | 10.06 | 16.61 |
| Depreciation And Amortization In Income Statement | 11.63 | 10.43 | 10.06 | 16.61 |
| Amortization | 11.63 | 10.43 | 10.06 | 16.61 |
| Amortization Of Intangibles Income Statement | 11.63 | 10.43 | 10.06 | 16.61 |
| General And Administrative Expense | 163.07 | 168.25 | 181.22 | 299.46 |
| Other Gand A | 0 | 0 | 0 | 0 |
| Insurance And Claims | 4.06 | 5.65 | 5.60 | 10.40 |
| Salaries And Wages | 159.02 | 162.60 | 175.62 | 289.06 |
| Operating Revenue | 450.05 | 440.67 | 461.44 | 719.58 |
| Occupancy And Equipment | 26.77 | 24.97 | 25.54 | 37.99 |
| Professional Expense And Contract Services Expense | 6.12 | 7.15 | 12.80 | 18.81 |
| Other Non Interest Expense | 76.28 | 74.27 | 71.87 | 107.33 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Busey Corporationthis co. | BUSE | $2.2B | 10.60 | 0.91 | 5.5% | - |
| The Baldwin Insurance Group, Inc. | BWIN | $2.3B | - | 2.79 | -3.1% | 20.43 |
| The Bank of N.T. Butterfield & Son Limited | NTB | $2.2B | 9.46 | 1.91 | 20.3% | - |
| Slide Insurance Holdings, Inc. | SLDE | $2.1B | 5.06 | 2.05 | 39.9% | 1.96 |
| Enterprise Financial Services Corp | EFSC |
| $2.1B |
| 10.86 |
| 1.08 |
| 9.9% |
| - |
| Pathward Financial, Inc. | CASH | $2.1B | 10.10 | 2.19 | 21.7% | - |
| Kemper Corporation | KMPR | $2.0B | 13.47 | 0.72 | 5.3% | - |
| OFG Bancorp | OFG | $2.0B | 9.38 | 1.38 | 14.8% | - |
| Skyward Specialty Insurance Group, Inc. | SKWD | $2.0B | 11.00 | 1.80 | 16.8% | 6.94 |
| Peer Median | - | 10.10 | 1.85 | 15.8% | 6.94 | |