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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments241,737286,484238,699358,4901,195,1281,474,829
Cash and cash equivalents232,703275,569227,164347,149230,852479,228
Short-term investments9,03410,91511,53511,341964,276995,601
Total current assets:241,737286,484238,699358,4901,195,1281,474,829
Noncurrent Assets
Operating lease, right-of-use asset11,80612,29112,82910,2028,6159,014
Property, plant and equipment122,669126,515126,524128,175130,892133,658
Long-term investments and receivables   126,349   
Long-term investments   126,349   
Intangible assets, net (including goodwill)358,898361,567364,296367,091369,962372,913
Goodwill317,873317,873317,873317,873317,873317,873
Intangible assets, net (excluding goodwill)41,02543,69446,42349,21852,08955,040
Total noncurrent assets:493,373500,373629,998505,468509,469515,585
Other undisclosed assets11,473,91911,557,69811,467,98011,633,43010,651,83610,577,095
TOTAL ASSETS:12,209,02912,344,55512,336,67712,497,38812,356,43312,567,509
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt212,000615,881351,05416,22516,39617,683
Total current liabilities:212,000615,881351,05416,22516,39617,683
Noncurrent Liabilities
Other undisclosed liabilities10,795,08110,530,11610,839,64611,374,57511,178,08011,331,801
Total liabilities:11,007,08111,145,99711,190,70011,390,80011,194,47611,349,484
Equity
Equity, attributable to parent1,201,9481,198,5581,145,9771,106,5881,161,9571,218,025
Common stock585858585858
Treasury stock, value(70,022)(70,047)(70,552)(71,754)(69,354)(71,019)
Additional paid in capital1,325,1731,322,4071,320,9801,319,9211,317,6751,318,701
Accumulated other comprehensive loss(260,921)(245,784)(273,278)(288,995)(211,107)(137,605)
Retained earnings207,660191,924168,769147,358124,685107,890
Total equity:1,201,9481,198,5581,145,9771,106,5881,161,9571,218,025
TOTAL LIABILITIES AND EQUITY:12,209,02912,344,55512,336,67712,497,38812,356,43312,567,509

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues115,682110,409104,70394,69482,25875,920
Net investment income115,588110,117104,50794,33082,23875,814
Cost of revenue(627)(953)(859)(2,364)(1,653)(980)
Provision for loan, lease, and other losses(627)(953)(859)(2,364)(1,653) 
Amortization of mortgage servicing rights (msrs)      (980)
Gross profit:115,055109,456103,84492,33080,60574,940
Operating expenses(14,084)(15,189)(14,713)(14,602)(14,653)(14,563)
Other operating income, net
(Noninterest Income, Other Operating Income)
1,7383,5932,7764,3182,9644,764
Operating income:102,70997,86091,90782,04668,91665,141
Nonoperating income
(Bank Owned Life Insurance Income)
1,0291,652947958874884
Interest and debt expense(38,229)(25,248)(14,735)(9,110)(6,668)(6,035)
Income from continuing operations before equity method investments, income taxes:65,50974,26478,11973,89463,12259,990
Other undisclosed loss from continuing operations before income taxes(28,659)(27,915)(32,427)(29,756)(26,920)(24,285)
Income from continuing operations before income taxes:36,85046,34945,69244,13836,20235,705
Income tax expense(7,486)(9,563)(11,305)(8,477)(6,378)(7,266)
Income from continuing operations:29,36436,78634,38735,66129,82428,439
Income before gain (loss) on sale of properties:35,66129,82428,439
Net income available to common stockholders, diluted:29,36436,78634,38735,66129,82428,439

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:29,36436,78634,38735,66129,82428,439
Comprehensive income:29,36436,78634,38735,66129,82428,439
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(15,137)27,49415,717(77,888)(73,502)(113,847)
Comprehensive income (loss), net of tax, attributable to parent:14,22764,28050,104(42,227)(43,678)(85,408)

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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