Welcome to our dedicated page for First Busey news (Ticker: BUSE), a resource for investors and traders seeking the latest updates and insights on First Busey stock.
First Busey Corporation reports news as a financial holding company centered on Busey Bank, Wealth Management and FirsTech payment technology. Recurring updates cover bank earnings, net interest margin, pre-provision net revenue, asset quality, deposit funding, commercial and consumer banking activity, and the contribution of wealth management and payments services.
Company developments also include integration and synergy updates following the completed CrossFirst acquisition, capital actions such as preferred depositary share offerings and dividends, credit rating actions, and governance changes affecting the holding company and bank leadership.
First Busey Corporation (BUSE) reported a net income of $25.8 million in Q2 2020, or $0.47 per diluted share, up from $15.4 million in Q1 2020. Adjusted net income was $26.2 million. The bank's total assets surpassed $10 billion, triggering increased regulatory scrutiny. The pre-provision net revenue reached $45.4 million, reflecting a rise from previous quarters. However, the bank anticipates continued economic challenges due to COVID-19, which may impact margins, provisions for credit losses, and asset quality in the future.
First Busey Corporation (NASDAQ: BUSE) has shifted its Annual Meeting of Stockholders to a virtual format due to COVID-19 restrictions in Illinois, prioritizing stakeholder health. The meeting is set for May 20, 2020, at 5:00 p.m. Central Time. Stockholders eligible to vote are those on record as of March 23, 2020. The proxy card from earlier communications remains valid. Attendees can join online to vote and ask questions via this link. Further details are available in the proxy statement supplement filed on May 4, 2020.
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