FIRST BUSEY CORP NV
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 27, 2025
BUSE$29.11-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Income
(dollars in thousands, except per share amounts)
| Years Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Interest income | |||
| Interest and fees on loans | $426,422 | $385,848 | $287,477 |
| Interest and dividends on investment securities: | |||
| Taxable interest income | 72,794 | 80,316 | 66,140 |
| Non-taxable interest income | 1,176 | 2,678 | 3,272 |
| Dividend income on bank stock | 848 | 1,170 | 190 |
| Other interest income | 22,441 | 10,531 | 3,097 |
| Total interest income | 523,681 | 480,543 | 360,176 |
| Interest expense | |||
| Deposits | 178,463 | 123,985 | 16,112 |
| Federal funds purchased and securities sold under agreements to repurchase | 4,308 | 5,203 | 1,475 |
| Short-term borrowings | 701 | 12,775 | 1,647 |
| Long-term debt | 300 | 1,700 | 1,310 |
| Senior notes | — | — | 637 |
| Subordinated notes | 12,650 | 12,406 | 12,338 |
| Junior subordinated debt owed to unconsolidated trusts | 4,648 | 3,853 | 3,029 |
| Total interest expense | 201,070 | 159,922 | 36,548 |
| Net interest income | 322,611 | 320,621 | 323,628 |
| Provision for credit losses | 8,590 | 2,399 | 4,623 |
| Net interest income after provision for credit losses | 314,021 | 318,222 | 319,005 |
| Noninterest income | |||
| Wealth management fees | 63,630 | 57,309 | 55,378 |
| Fees for customer services | 30,933 | 29,044 | 33,111 |
| Payment technology solutions | 21,983 | 21,192 | 20,067 |
| Mortgage revenue | 2,075 | 1,089 | 1,895 |
| Income on bank owned life insurance | 5,130 | 4,701 | 3,663 |
| Realized net gains (losses) on the sale of mortgage servicing rights | 7,724 | — | — |
| Realized net gains (losses) on securities | (7,033) | (28) | 50 |
| Unrealized net gains (losses) recognized on equity securities | 931 | (2,171) | (2,183) |
| Other noninterest income | 14,309 | 10,078 | 14,632 |
| Total noninterest income | 139,682 | 121,214 | 126,613 |
| Noninterest expense | |||
| Salaries, wages, and employee benefits | 175,619 | 162,597 | 159,016 |
| Data processing | 27,124 | 23,708 | 21,648 |
| Net occupancy expense of premises | 18,737 | 18,214 | 19,130 |
| Furniture and equipment expenses | 6,805 | 6,759 | 7,645 |
| Professional fees | 12,804 | 7,147 | 6,125 |
| Amortization of intangible assets | 10,057 | 10,432 | 11,628 |
| Interchange expense | 6,001 | 6,864 | 6,298 |
| FDIC insurance | 5,603 | 5,650 | 4,058 |
| Other noninterest expense | 37,649 | 44,161 | 48,333 |
| Total noninterest expense | 300,399 | 285,532 | 283,881 |
| Income before income taxes | 153,304 | 153,904 | 161,737 |
| Income taxes | 39,613 | 31,339 | 33,426 |
| Net income | $113,691 | $122,565 | $128,311 |
| Basic earnings per common share | $2.01 | $2.21 | $2.32 |
| Diluted earnings per common share | 1.98 | 2.18 | 2.29 |
| Dividends declared per share of common stock | 0.96 | 0.96 | 0.92 |
First Busey Corporation(BUSE) | 2024 —92
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