Skip to main content

FIRST BUSEY CORP /NV/

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

View on SEC.gov

About this filing

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.

Jun 30, 2026 · Filed Aug 6, 2026

BUSE$29.15+1.8%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Non-GAAP Adjusting Items and Non-GAAP Measures

Busey views certain non-operating items, including acquisition-related expenses, restructuring charges, and nonrecurring strategic events, as adjustments to net income reported under GAAP. Busey also adjusts for net securities gains and losses to align with industry and research analyst reporting. The objective of Busey’s presentation of adjusted earnings and adjusted earnings metrics is to allow investors and analysts to more clearly identify quarterly trends in core earnings performance. Pre-tax non-GAAP adjustments were as follows:

Three Months Ended June 30,Six Months Ended June 30,
(dollars in thousands)2026202520262025
Pre-tax non-GAAP adjustments to net income by income/expense category
Net securities (gains) losses$(2,445)$(5,997)$(1,505)$9,771
Provision for credit losses—4,030—49,602
Salaries and employee benefits2,04511,55718,16927,435
Data processing—3,964806,266
Furniture and equipment expenses—1—1
Professional fees7043178237,611
Other noninterest expense3777617541,313
Total pre-tax non-GAAP adjustments to net income$681$14,633$18,321$101,999
Pre-tax non-GAAP adjustments to net income by business objective
Net securities (gains) losses1$(2,445)$(5,997)$(1,505)$9,771
Initial provision for credit losses2—4,030—49,602
Other acquisition expenses31,19616,6006,44042,626
Restructuring expenses41,930—13,386—
Total pre-tax non-GAAP adjustments to net income$681$14,633$18,321$101,999
  1. During the six months ended June 30, 2025, Busey sold available for sale debt securities with a book value of approximately $205.6 million for a pre-tax loss of $15.5 million and related estimated tax benefit of $4.3 million, as part of a balance sheet repositioning strategy.

  2. During the six months ended June 30, 2025, in connection with the CrossFirst acquisition, Busey’s recorded expense for the initial provision for credit losses consisting of a Day 2 provision for loan losses of $42.4 million, and a Day 2 provision for unfunded commitments of $3.1 million. During the three and six months ended June 30, 2025, Busey recorded a $4.0 million adjustment to the initial provision for unfunded commitments for CrossFirst acquisition-date balances based on revised estimates resulting from implementation of a new CECL model.

  3. Other acquisition expenses related to the acquisition of CrossFirst, which was completed on March 1, 2025. Final expenses for the acquisition of M&M were also included for 2025.

  4. Restructuring expenses were incurred in connection with the execution on additional synergies related to the CrossFirst acquisition and also in connection with the previously announced departure of Michael J. Maddox in the first quarter of 2026.

A reconciliation of non-GAAP measures, which Busey believes facilitates the assessment of its financial results and peer comparability, is included in tabular form in this MD&A. See“Non-GAAP Financial Information.”

First Busey Corporation(BUSE) | 2026 Q2 — 66

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.