First Busey Corporation (BUSE) Financial Statements (2024 and earlier)

Company Profile

Business Address 201 W MAIN STREET
URBANA, IL 61801
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments238,699849,666694,067535,240239,973353,272
Cash and cash equivalents227,164836,095688,537529,288239,973353,272
Short-term investments11,53513,5715,5305,952  
Total current assets:238,699849,666694,067535,240239,973353,272
Noncurrent Assets
Operating lease, right-of-use asset12,82910,5337,7149,490
Property, plant and equipment126,524136,147135,191151,267117,672116,913
Long-term investments and receivables 126,34990,182    
Long-term investments 126,34990,182    
Intangible assets, net (including goodwill)364,296375,924363,521373,129300,558308,073
Goodwill317,873317,873311,536311,536267,685269,346
Intangible assets, net (excluding goodwill)46,42358,05151,98561,59332,87338,727
Total noncurrent assets:629,998612,786506,426533,886418,230424,986
Other undisclosed assets11,467,98011,397,2379,343,5548,626,6037,044,1547,082,382
TOTAL ASSETS:12,336,67712,859,68910,544,0479,695,7297,702,3577,860,640
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt351,05417,6784,700214,042185,796220,000
Total current liabilities:351,05417,6784,700214,042185,796220,000
Noncurrent Liabilities
Other undisclosed liabilities10,839,64611,522,8999,269,2788,261,2536,521,5976,705,637
Total liabilities:11,190,70011,540,5779,273,9788,475,2956,707,3936,925,637
Equity
Equity, attributable to parent1,145,9771,319,1121,270,0691,220,434994,964935,003
Common stock585856564949
Treasury stock, value(70,552)(66,635)(37,486)(27,985)(6,190)(15,003)
Additional paid in capital1,320,9801,316,9841,253,3601,248,2161,080,0841,084,889
Accumulated other comprehensive income (loss)(273,278)(23,758)33,30914,960(6,812)(2,810)
Retained earnings (accumulated deficit)168,76992,46320,830(14,813)(72,167)(132,122)
Total equity:1,145,9771,319,1121,270,0691,220,434994,964935,003
TOTAL LIABILITIES AND EQUITY:12,336,67712,859,68910,544,0479,695,7297,702,3577,860,640

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues358,834297,678326,599362,358286,033252,482
Net investment income356,889297,649324,875349,914286,033224,302
Cost of revenue(4,623)(5,292)(5,667)(2,710)(4,429)(5,303)
Provision for loan, lease, and other losses(4,623)    
Amortization of mortgage servicing rights (msrs)  (5,292)(5,667)(2,710)  
Financial services costs(4,429)(5,303)
Gross profit:354,211292,386320,932359,648281,604247,179
Operating expenses(58,531)(59,031)(52,437)(60,338)(144,884)(134,003)
Other operating income, net
(Noninterest Income, Other Operating Income)
14,82210,2928,5888,6499,9197,886
Operating income:310,502243,647277,083307,959146,639121,062
Nonoperating income
(Bank Owned Life Insurance Income)
3,6635,1665,3805,795  
Interest and debt expense(36,548)(28,102)(43,663)(69,011)(44,627)(20,936)
Income from continuing operations before equity method investments, income taxes:277,617220,711238,800244,743102,012100,126
Other undisclosed income (loss) from continuing operations before income taxes(115,880)(63,888)(110,594)(110,305)31,9157,985
Income from continuing operations before income taxes:161,737156,823128,206134,438133,927108,111
Income tax expense(33,426)(33,374)(27,862)(31,485)(34,999)(45,385)
Income from continuing operations:128,311123,449100,344102,95398,92862,726
Income before gain (loss) on sale of properties:123,449100,344102,95398,92862,726
Net income available to common stockholders, diluted:128,311123,449100,344102,95398,92862,726

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:128,311123,449100,344102,95398,92862,726
Comprehensive income:128,311123,449100,344102,95398,92862,726
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(249,520)(57,067)18,34921,772(3,397)(2,846)
Comprehensive income (loss), net of tax, attributable to parent:(121,209)66,382118,693124,72595,53159,880

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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