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First Busey Financials

BUSE
Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows First Busey (BUSE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Profitability Growth Leverage Liquidity Cash Flow Returns 77 / 100
Financial Profile 77/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth
100

First Busey's revenue surged 55.7% year-over-year to $719.6M, reflecting rapid business expansion. This strong growth earns a score of 100/100.

Leverage
100

First Busey carries a low D/E ratio of 0.05, meaning only $0.05 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.

Cash Flow
85

First Busey converts 24.0% of revenue into free cash flow ($173.0M). This strong cash generation earns a score of 85/100.

Returns
23

First Busey generates a 5.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 8.2% the prior year.

Piotroski F-Score Neutral
4/9

First Busey passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed
1.42x

For every $1 of reported earnings, First Busey generates $1.42 in operating cash flow ($192.6M OCF vs $135.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue
$719.6M
YoY+55.7%
5Y CAGR+17.1%
10Y CAGR+19.8%

First Busey generated $719.6M in revenue in fiscal year 2025. This represents an increase of 55.7% from the prior year.

EBITDA
N/A
Net Income
$135.3M
YoY+19.0%
5Y CAGR+6.2%
10Y CAGR+13.2%

First Busey reported $135.3M in net income in fiscal year 2025. This represents an increase of 19.0% from the prior year.

EPS (Diluted)
N/A

Cash & Balance Sheet

Free Cash Flow
$173.0M
YoY+0.6%
5Y CAGR+1.7%
10Y CAGR+11.7%

First Busey generated $173.0M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 0.6% from the prior year.

Cash & Debt
$294.1M
YoY-57.9%
5Y CAGR-15.6%
10Y CAGR-0.8%

First Busey held $294.1M in cash against $113.8M in long-term debt as of fiscal year 2025.

Dividends Per Share
$1.00
YoY+4.2%
5Y CAGR+2.6%
10Y CAGR+4.9%

First Busey paid $1.00 per share in dividends in fiscal year 2025. This represents an increase of 4.2% from the prior year.

Shares Outstanding
88M
YoY+54.0%
5Y CAGR+10.0%
10Y CAGR+11.8%

First Busey had 88M shares outstanding in fiscal year 2025. This represents an increase of 54.0% from the prior year.

Margins & Returns

Gross Margin
N/A
Operating Margin
N/A
Net Margin
18.8%
YoY-5.8pp
5Y CAGR-11.9pp
10Y CAGR-14.3pp

First Busey's net profit margin was 18.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 5.8 percentage points from the prior year.

Return on Equity
5.5%
YoY-2.7pp
5Y CAGR-2.4pp
10Y CAGR-5.0pp

First Busey's ROE was 5.5% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 2.7 percentage points from the prior year.

Capital Allocation

R&D Spending
N/A
Share Buybacks
$69.9M
5Y CAGR+41.6%
10Y CAGR+27.2%

First Busey spent $69.9M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Capital Expenditures
$19.6M
YoY+205.1%
5Y CAGR+36.1%
10Y CAGR+16.9%

First Busey invested $19.6M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 205.1% from the prior year.

BUSE Income Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Revenue $200.2M+2.0% $196.3M-0.9% $198.0M+58.5% $125.0M+7.0% $116.8M-1.4% $118.5M+1.9% $116.2M+4.9% $110.8M
Cost of Revenue N/A N/A N/A N/A N/A N/A N/A N/A
Gross Profit N/A N/A N/A N/A N/A N/A N/A N/A
R&D Expenses N/A N/A N/A N/A N/A N/A N/A N/A
SG&A Expenses N/A N/A N/A N/A N/A N/A N/A N/A
Operating Income N/A N/A N/A N/A N/A N/A N/A N/A
Interest Expense $77.5M-13.2% $89.4M-5.2% $94.3M+49.4% $63.1M+26.8% $49.7M-4.3% $52.0M+5.2% $49.4M-1.1% $50.0M
Income Tax $16.7M-17.1% $20.2M+18.1% $17.1M+738.6% -$2.7M-128.9% $9.3M-12.4% $10.6M-4.6% $11.1M+26.7% $8.7M
Net Income $60.8M+6.4% $57.1M+20.4% $47.4M+258.1% -$30.0M-206.7% $28.1M-12.2% $32.0M+17.0% $27.4M+4.3% $26.2M
EPS (Diluted) N/A N/A N/A N/A N/A N/A N/A N/A

BUSE Balance Sheet

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Total Assets $18.1B-0.5% $18.2B-3.9% $18.9B-2.8% $19.5B+61.6% $12.0B+0.5% $12.0B+0.1% $12.0B+0.7% $11.9B
Current Assets N/A N/A N/A N/A N/A N/A N/A N/A
Cash & Equivalents $294.1M-23.7% $385.5M-48.8% $752.4M-37.3% $1.2B+72.0% $697.7M+26.0% $553.7M+94.1% $285.3M-51.7% $591.1M
Inventory N/A N/A N/A N/A N/A N/A N/A N/A
Accounts Receivable N/A N/A N/A N/A N/A N/A N/A N/A
Goodwill $383.3M0.0% $383.3M+0.4% $381.8M-0.9% $385.1M+15.4% $333.7M+0.1% $333.5M+0.1% $333.3M+4.8% $317.9M
Total Liabilities $15.6B-0.7% $15.7B-4.6% $16.5B-4.5% $17.3B+62.1% $10.7B+0.8% $10.6B-0.5% $10.6B+0.3% $10.6B
Current Liabilities N/A N/A N/A N/A N/A N/A N/A N/A
Long-Term Debt $113.8M+23.1% $92.4M N/A N/A $0 N/A N/A N/A
Total Equity $2.5B+0.8% $2.4B+1.5% $2.4B+10.7% $2.2B+57.6% $1.4B-1.4% $1.4B+5.2% $1.3B+4.0% $1.3B
Retained Earnings $336.7M+11.1% $303.1M+10.7% $273.8M+9.7% $249.5M-15.2% $294.1M+5.1% $279.9M+6.9% $261.8M+5.4% $248.4M

BUSE Cash Flow Statement

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Operating Cash Flow $72.2M+15.5% $62.5M+26.2% $49.5M+491.0% $8.4M-84.0% $52.3M-13.0% $60.1M+111.2% $28.5M-23.8% $37.4M
Capital Expenditures $6.4M-19.6% $8.0M+137.1% $3.4M+87.9% $1.8M-6.7% $1.9M+94.9% $988K-54.1% $2.2M+57.6% $1.4M
Free Cash Flow $65.8M+20.7% $54.5M+18.1% $46.1M+601.1% $6.6M-86.9% $50.4M-14.8% $59.1M+124.7% $26.3M-26.8% $36.0M
Investing Cash Flow $18.5M-94.8% $356.7M+218.0% $112.2M-81.6% $610.2M+1465.3% $39.0M-85.5% $268.0M+162.8% $102.0M-59.0% $249.0M
Financing Cash Flow -$182.1M+76.8% -$786.1M-28.9% -$609.6M-425.7% -$116.0M-320.2% $52.7M+188.2% -$59.7M+86.3% -$436.2M-5.2% -$414.8M
Dividends Paid $26.7M-2.6% $27.4M+21.4% $22.6M+58.9% $14.2M+4.2% $13.6M0.0% $13.6M+0.2% $13.6M+2.7% $13.3M
Share Buybacks $29.8M+120.1% $13.5M-37.4% $21.7M+347.8% $4.8M $0 $0 $0 $0

BUSE Financial Ratios

Metric Q4'25 Q3'25 Q2'25 Q1'25 Q4'24 Q3'24 Q2'24 Q1'24
Gross Margin N/A N/A N/A N/A N/A N/A N/A N/A
Operating Margin N/A N/A N/A N/A N/A N/A N/A N/A
Net Margin 30.3%+1.3pp 29.1%+5.1pp 23.9%+47.9pp -24.0%-48.1pp 24.1%-2.9pp 27.0%+3.5pp 23.5%-0.1pp 23.7%
Return on Equity 2.5%+0.1pp 2.3%+0.4pp 2.0%+3.3pp -1.4%-3.4pp 2.0%-0.3pp 2.3%+0.2pp 2.1%0.0pp 2.0%
Return on Assets 0.3%+0.0pp 0.3%+0.1pp 0.3%+0.4pp -0.1%-0.4pp 0.2%-0.0pp 0.3%+0.0pp 0.2%0.0pp 0.2%
Current Ratio N/A N/A N/A N/A N/A N/A N/A N/A
Debt-to-Equity 0.050.0 0.04-6.8 6.84-1.1 7.93+7.9 0.00-7.5 7.54-0.4 7.98-0.3 8.27
FCF Margin 32.8%+5.1pp 27.8%+4.5pp 23.3%+18.0pp 5.3%-37.9pp 43.1%-6.8pp 49.9%+27.3pp 22.7%-9.8pp 32.5%

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Frequently Asked Questions

First Busey (BUSE) reported $719.6M in total revenue for fiscal year 2025. This represents a 55.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

First Busey (BUSE) revenue grew by 55.7% year-over-year, from $462.3M to $719.6M in fiscal year 2025.

Yes, First Busey (BUSE) reported a net income of $135.3M in fiscal year 2025, with a net profit margin of 18.8%.

As of fiscal year 2025, First Busey (BUSE) had $294.1M in cash and equivalents against $113.8M in long-term debt.

First Busey (BUSE) had a net profit margin of 18.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Yes, First Busey (BUSE) paid $1.00 per share in dividends during fiscal year 2025.

First Busey (BUSE) has a return on equity of 5.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

First Busey (BUSE) generated $173.0M in free cash flow during fiscal year 2025. This represents a 0.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

First Busey (BUSE) generated $192.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

First Busey (BUSE) had $18.1B in total assets as of fiscal year 2025, including both current and long-term assets.

First Busey (BUSE) invested $19.6M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Yes, First Busey (BUSE) spent $69.9M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

First Busey (BUSE) had 88M shares outstanding as of fiscal year 2025.

First Busey (BUSE) had a debt-to-equity ratio of 0.05 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

First Busey (BUSE) had a return on assets of 0.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

First Busey (BUSE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

First Busey (BUSE) has an earnings quality ratio of 1.42x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

First Busey (BUSE) scores 77 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.

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