FIRST BUSEY CORP /NV/
For the period ended Sep 30, 2025. Filed Nov 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Nov 6, 2025
BUSE$28.63-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Table of Contents
FORM 10-Q
SEPTEMBER 30, 2025
| Table of Contents | |
|---|---|
| GLOSSARY | 4 |
| PART I—FINANCIAL INFORMATION | 6 |
| ITEM 1. FINANCIAL STATEMENTS | 6 |
| CONSOLIDATED BALANCE SHEETS (Unaudited) | 7 |
| CONSOLIDATED STATEMENTS OF INCOME (Unaudited) | 8 |
| CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) | 9 |
| CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (Unaudited) | 11 |
| CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) | 13 |
| NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) | 15 |
| Note 1. Significant Accounting Policies | 15 |
| Note 2. Mergers and Acquisitions | 20 |
| Note 3. Debt Securities | 26 |
| Note 4. Portfolio Loans | 32 |
| Note 5. Leases | 43 |
| Note 6. Deposits | 46 |
| Note 7. Borrowings | 47 |
| Note 8. Regulatory Capital | 48 |
| Note 9. Tax Credit Investments and Other Investments in Unconsolidated Entities | 51 |
| Note 10. Stock-Based Compensation | 51 |
| Note 11. Outstanding Commitments and Contingent Liabilities | 58 |
| Note 12. Derivative Financial Instruments | 59 |
| Note 13. Fair Value Measurements | 64 |
| Note 14. Earnings Per Common Share | 70 |
| Note 15. Accumulated Other Comprehensive Income (Loss) | 72 |
| Note 16. Operating Segments and Related Information | 72 |
| ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Unaudited) | 78 |
| SCOPE OF DISCUSSION | 78 |
| BUSINESS | 78 |
| Banking Center Markets | 78 |
| Busey’s Conservative Banking Strategy | 80 |
| Mergers and Acquisitions | 81 |
| RESULTS OF OPERATIONS — THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025 | 81 |
| Net Income | 81 |
| Non-GAAP Adjusting Items and Non-GAAP Measures | 82 |
| Operating Performance Metrics | 83 |
| Net Interest Income | 83 |
| Noninterest Income | 89 |
| Noninterest Expense | 92 |
| Table of Contents (continued) | |
|---|---|
| FINANCIAL CONDITION | 96 |
| Balance Sheet | 96 |
| Portfolio Loans | 96 |
| Deposits | 102 |
| Liquidity | 103 |
| Off-Balance-Sheet Arrangements | 104 |
| Capital Resources | 105 |
| NON-GAAP FINANCIAL INFORMATION | 106 |
| FORWARD-LOOKING STATEMENTS | 112 |
| CRITICAL ACCOUNTING ESTIMATES | 112 |
| Fair Value of Assets Acquired and Liabilities Assumed in Business Combinations | 113 |
| Goodwill | 113 |
| Income Taxes | 113 |
| Allowance for Credit Losses | 114 |
| ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 114 |
| ITEM 4. CONTROLS AND PROCEDURES | 115 |
| PART II—OTHER INFORMATION | 115 |
| ITEM 1. LEGAL PROCEEDINGS | 115 |
| ITEM 1A. RISK FACTORS | 116 |
| ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES, USE OF PROCEEDS, AND ISSUER PURCHASES OF EQUITY SECURITIES | 116 |
| ITEM 3. DEFAULTS UPON SENIOR SECURITIES | 116 |
| ITEM 4. MINE SAFETY DISCLOSURES | 116 |
| ITEM 5. OTHER INFORMATION | 116 |
| ITEM 6. EXHIBITS | 117 |
| SIGNATURES | 118 |
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