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First Busey Corp. - BUSE STOCK NEWS

Welcome to our dedicated news page for First Busey (Ticker: BUSE), a resource for investors and traders seeking the latest updates and insights on First Busey.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Busey's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Busey's position in the market.

Rhea-AI Summary
First Busey completes the acquisition of Merchants and Manufacturers Bank , enhancing its banking presence in multiple regions with an expanded product portfolio and customer base.
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Rhea-AI Sentiment
End-of-Day
-2.37%
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Rhea-AI Summary
First Busey and Merchants and Manufacturers Bank announced the deadline for M&M shareholders to make merger consideration elections. Shareholders can choose between cash, Busey common stock, or a mix of both for each share of M&M common stock owned.
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End-of-Day
-1.21%
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Rhea-AI Summary
First Busey Corporation (BUSE) reported a net income of $25.7 million and diluted EPS of $0.46 for the fourth quarter of 2023. The company entered into a definitive agreement to acquire Merchants & Manufacturers Bank Corporation. Non-performing assets declined by 34.4%, and tangible book value per common share increased by 17.5% year-over-year. However, the net charge-off ratio increased from the previous quarter, and there was a decrease in net interest income.
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Rhea-AI Sentiment
End-of-Day
2.01%
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Rhea-AI Summary
First Busey Corporation (BUSE) to acquire Merchants and Manufacturers Bank Corporation, expanding its suburban Chicago market presence and providing an aggregate implied transaction value of approximately $41.6 million. The merger will enhance Busey's deposit market share in DuPage and Will Counties, bolster commercial banking relationships, and wealth management capabilities. The partnership is expected to close in the second quarter of 2024, subject to customary closing conditions and required approvals.
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Rhea-AI Sentiment
End-of-Day
2.82%
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Rhea-AI Summary
First Busey Corporation reports net income of $30.7 million for the third quarter of 2023. Total deposits increased by $269.6 million, while short-term borrowings decreased to $12.0 million. Non-performing assets declined by 23.6%. Wealth management segment revenue increased by 14.7%.
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Rhea-AI Sentiment
End-of-Day
-1.39%
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Rhea-AI Summary
First Busey Corporation reported net income of $29.4 million and diluted EPS of $0.52 for the second quarter of 2023. Total deposits increased by $261.6 million, non-performing assets were 0.13% of total assets, and tangible common equity ratio increased to 7.18%. Efficiency ratio was 60.87% and adjusted core efficiency ratio was 58.55%.
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0.6%
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-0.77%
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-5.9%
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3.17%
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First Busey Corp.

Nasdaq:BUSE

BUSE Rankings

BUSE Stock Data

1.26B
51.84M
6.94%
55.95%
1.68%
Commercial Banking
Finance and Insurance
Link
US
Urbana

About BUSE

from outstanding product offerings to committed, service-driven associates—first busey corporation (nasdaq: buse) is the premier provider of financial services. busey is a $3.9 billion diversified financial holding company for busey bank and busey wealth management in champaign, illinois; firstech, inc. in decatur, illinois; and trevett capital partners in fort myers, florida. with a dedicated team of nearly 900 associates, busey serves the personal, business and wealth management needs of communities in central illinois, indianapolis, indiana and southwest florida. with more than 145 years of service, our strength is in our numbers. ranked in the top 3 percent of banks nationally, busey is consistently rated 5-star “superior” – the highest rating awarded by bauerfinancial. in addition, busey received the illinois bankers’ association community service award and honorable mentions in both the illinois governor’s sustainability award & green leaf award from banknews. join the award-