First Busey Corporation (BUSE), a financial holding company with $18.10 billion in assets, reported a net income of $135.26 million for the year ended December 31, 2025. This compares to a net income of $113.69 million for the previous year, reflecting an increase in profitability. The company's common stock is traded on The Nasdaq Global Select Market under the symbol "BUSE," with 86,227,449 shares outstanding as of February 26, 2026. The aggregate market value of voting and non-voting common equity held by non-affiliates on June 30, 2025, was $1.95 billion.
The company's financial performance was influenced by several strategic developments, including the acquisition of CrossFirst Bankshares, Inc. on March 1, 2025, which expanded Busey's operations into 10 states. This acquisition contributed to the increase in net interest income and noninterest income. Busey also completed the acquisition of Merchants and Manufacturers Bank Corporation on April 1, 2024, further expanding its presence in the suburban Chicago market. These acquisitions have been part of Busey's strategy to expand into new service areas and provide broader coverage in existing markets.
Key operational developments and business indicators include the operation of 79 banking centers across 10 states, with a significant presence in Illinois, Missouri, and other Midwestern and Southwestern states. Busey Bank ranked fourth in total deposits within the Illinois market, based on information obtained from the FDIC Summary of Deposits dated June 30, 2025. The company's Wealth Management business had $15.66 billion of assets under care as of December 31, 2025. As of December 31, 2025, Busey and its subsidiaries had a total of 1,914 full-time equivalents.
Changes in financial performance were explained, in part, by the impact of product lines, market conditions, and strategic decisions. The company's net interest margin increased to 3.51% for the year ended December 31, 2025, compared to 2.95% for the previous year. This increase was driven by higher interest rates and the deployment of funds into higher-yielding assets. The company's noninterest income also increased, driven by growth in wealth management fees and card services. The company's noninterest expense increased, primarily due to acquisition-related expenses and increased operating costs associated with the expanded branch network. Busey remains committed to fostering a welcoming and supportive environment within its organization, the banking profession, and the communities in which it operates.
About FIRST BUSEY CORP /NV/
First Busey Corporation is a financial holding company primarily engaged in banking, asset management, brokerage, and fiduciary services through its subsidiary, Busey Bank. It offers diversified financial products, payment technology solutions via FirsTech, and operates in Illinois, Missouri, Florida, and Indiana. The company emphasizes strong community presence, regulatory compliance, and a customer-focused business model with competitive banking and wealth management services.
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