FIRST BUSEY CORP /NV/
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
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.
FY2025 · Filed Feb 26, 2026
BUSE$28.63-0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Table of Contents
FORM 10-K ANNUAL REPORT
| TABLE OF CONTENTS | ||
|---|---|---|
| GLOSSARY | 6 | |
| PART I | ITEM 1. BUSINESS | 8 |
| Organization | 8 | |
| Business Combinations | 9 | |
| Banking Center Markets | 11 | |
| Human Capital | 14 | |
| Corporate Governance | 15 | |
| Supervision, Regulation, and Other Factors | 15 | |
| Securities And Exchange Commission Reporting and Other Information | 28 | |
| Non-GAAP Financial Information | 28 | |
| Forward-Looking Statements | 34 | |
| ITEM 1A. RISK FACTORS | 36 | |
| Economic and Market Risks | 36 | |
| Regulatory and Legal Risks | 37 | |
| Credit and Lending Risks | 38 | |
| Capital and Liquidity Risks | 40 | |
| Competitive and Strategic Risks | 41 | |
| Accounting and Tax Risks | 45 | |
| Operational Risks | 46 | |
| ITEM 1B. UNRESOLVED STAFF COMMENTS | 48 | |
| ITEM 1C. CYBERSECURITY | 48 | |
| ITEM 2. PROPERTIES | 49 | |
| ITEM 3. LEGAL PROCEEDINGS | 49 | |
| ITEM 4. MINE SAFETY DISCLOSURES | 50 | |
| PART II | ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES | 50 |
| ITEM 6. [RESERVED] | 52 | |
| ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Unaudited) | 53 | |
| Scope of Discussion | 53 | |
| Busey’s Conservative Banking Strategy | 54 | |
| Critical Accounting Estimates | 54 | |
| Results Of Operations — Three Years Ended December 31, 2025 | 57 | |
| Financial Condition | 71 | |
| New Accounting Pronouncements | 88 | |
| Effects Of Inflation | 88 | |
| ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK | 89 | |
| ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA | 90 | |
| Report of Independent Registered Public Accounting Firm (PCAOB ID 49) | 91 | |
First Busey Corporation(BUSE) | 2025 —3
| TABLE OF CONTENTS | ||
|---|---|---|
| Consolidated Financial Statements | 94 | |
| Consolidated Balance Sheets | 94 | |
| Consolidated Statements of Income | 95 | |
| Consolidated Statements of Comprehensive Income | 96 | |
| Consolidated Statements of Stockholders’ Equity | 97 | |
| Consolidated Statements of Cash Flows | 100 | |
| Notes to Consolidated Financial Statements | 102 | |
| Note 1. Significant Accounting Policies | 102 | |
| Note 2. Business Combinations | 120 | |
| Note 3. Debt Securities | 125 | |
| Note 4. Portfolio Loans | 131 | |
| Note 5. Other Real Estate Owned and Other Repossessed Assets | 141 | |
| Note 6. Premises and Equipment | 142 | |
| Note 7. Leases | 142 | |
| Note 8. Goodwill and Other Intangible Assets | 145 | |
| Note 9. Deposits | 147 | |
| Note 10. Borrowings | 147 | |
| Note 11. Junior Subordinated Debt Owed to Unconsolidated Trusts | 149 | |
| Note 12. Regulatory Capital | 150 | |
| Note 13. Income Taxes | 153 | |
| Note 14. Tax Credit Investments and Other Investments in Unconsolidated Entities | 155 | |
| Note 15. Employee Benefit Plans | 156 | |
| Note 16. Stock-Based Compensation | 157 | |
| Note 17. Transactions with Related Parties | 164 | |
| Note 18. Outstanding Commitments and Contingent Liabilities | 165 | |
| Note 19. Derivative Financial Instruments | 166 | |
| Note 20. Fair Value Measurements | 172 | |
| Note 21. Earnings Per Common Share | 178 | |
| Note 22. Accumulated Other Comprehensive Income (Loss) | 179 | |
| Note 23. Operating Segments and Related Information | 180 | |
| Note 24. Parent Company Only Financial Information | 185 | |
| ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE | 188 | |
| ITEM 9A. CONTROLS AND PROCEDURES | 188 | |
| ITEM 9B. OTHER INFORMATION | 191 | |
| ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS | 191 | |
| PART III | ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE | 191 |
| ITEM 11. EXECUTIVE COMPENSATION | 192 | |
| ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS | 193 | |
First Busey Corporation(BUSE) | 2025 —4
| TABLE OF CONTENTS | ||
|---|---|---|
| ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE | 193 | |
| ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES | 193 | |
| PART IV | ITEM 15. EXHIBIT AND FINANCIAL STATEMENT SCHEDULES | 194 |
| EXHIBIT INDEX | 195 | |
| SIGNATURES | 201 | |
First Busey Corporation(BUSE) | 2025 —5
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.