First Busey
BUSENASDAQUSD
- Source valuation snapshot. Not a live recalculation.
- Latest filed annual earnings; price snapshot date unavailable. Not forward P/E.
- Diluted earnings per share from the latest filed annual.
- $29.11 Prior regular-session close from the quote source.
- $28.77–$29.27 Regular-session low and high so far today.
- 436.1K Regular-session shares traded · Nov 11, 4:00 PM ET.
- Not yet confirmed The company has not confirmed its next report date. Reported quarters are available in the chart’s Earnings view.
- $22.12–$31.70 52-week trading low and high returned by the quote source.
Understand the Business
Why the Stock Moved
Period-matched expectations history is not yet available. Current metrics are not a substitute for a historical explanation.
The core investment thesis
Own BUSE if First Busey can compound value by buying and growing a relationship-driven commercial loan franchise funded by stable core deposits, using strengthened capital to absorb integration and interest-rate volatility while converting larger assets into sustained.
BUSE price history
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Investment thesis
What must happen next
Revenue growth will be sustained only if newly acquired and expanded loan portfolios continue to produce net interest income above the company’s cost of funds while credit losses remain low.StrengtheningMateriality: High
revenue rose from $462.293M (2024) to $719.584M (2025), indicating material top-line growth tied to balance-sheet expansion. If true, the revenue bump converts into recurring earnings and cash flow; if false, revenue can be volatile and earnings decline once acquisition-related revenue normalizes or losses rise.
Watch: a material rise in nonperforming loans or provisions tied to acquired portfolios (e.g., weaknesses in CRE or niche commercial segments acquired).
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
revenue rose from $462.293M (2024) to $719.584M (2025), indicating material top-line growth tied to balance-sheet expansion.
Open source ↗The enlarged equity base gives Busey the capital cushion to absorb OCI/securities marks, elevated provisions and to pursue further accretive acquisitions without immediate capital strain.StrengtheningMateriality: High
stockholders' equity increased from $1.383269B (2024) to $2.468982B (2025), providing more capital to absorb losses and fund growth. Sustained strong equity preserves regulatory flexibility and supports growth and dividend/buyback optionality; if capital weakens, growth and returns will be curtailed.
Watch: large goodwill impairment or acquisition-related charge that materially reduces tangible common equity.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
stockholders' equity increased from $1.383269B (2024) to $2.468982B (2025), providing more capital to absorb losses and fund growth.
Open source ↗Rapid growth in assets via acquisition materially increases integration and credit-concentration risk; if underwriting or portfolio mix weakens, future provisions or realized losses could reverse earnings and capital gains.StrengtheningMateriality: Medium
total assets jumped from $12.046722B (2024) to $18.104736B (2025), a ~50% increase in one year tied to portfolio growth and acquisitions. The upside of scale is contingent on underwriting and integration; a failure increases provisions, hits net income and can force conservativism in growth and capital returns.
Watch: material deterioration in acquired loan cohorts (e.g., CRE or single-industry exposure) that drives rising NPAs and provisions.
Supporting sources
Source notes are factual paraphrases; read the original disclosures below.
total assets jumped from $12.046722B (2024) to $18.104736B (2025), a ~50% increase in one year tied to portfolio growth and.
Open source ↗
Full investment case & evidence
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Original research
Revenue growth will be sustained only if newly acquired and expanded loan portfolios continue to produce net interest income above the company’s cost of funds while credit losses remain low. If true, the revenue bump converts into recurring earnings and cash flow; if false, revenue can be volatile and earnings decline once acquisition-related revenue normalizes or losses rise.
The enlarged equity base gives Busey the capital cushion to absorb OCI/securities marks, elevated provisions and to pursue further accretive acquisitions without immediate capital strain. Sustained strong equity preserves regulatory flexibility and supports growth and dividend/buyback optionality; if capital weakens, growth and returns will be curtailed.
Rapid growth in assets via acquisition materially increases integration and credit-concentration risk; if underwriting or portfolio mix weakens, future provisions or realized losses could reverse earnings and capital gains. The upside of scale is contingent on underwriting and integration; a failure increases provisions, hits net income and can force conservativism in growth and capital returns.
All standing thesis claims
Original report summary
First Busey can compound value by buying and growing a relationship-driven commercial loan franchise funded by stable core deposits, using strengthened capital to absorb integration and interest-rate volatility while converting larger assets into sustained.
Bull case and bear case
Bull case and bear case for First Busey
Where the evidence on First Busey stands: Strengthening on the latest evidence (Nov 4, 2026). Of its 3 thesis points, 3 strengthening.
Bull case: what the evidence supports
Revenue growth will be sustained only if newly acquired and expanded loan portfolios continue to produce net interest income above the company’s cost of funds while credit losses remain low.
The enlarged equity base gives Busey the capital cushion to absorb OCI/securities marks, elevated provisions and to pursue further accretive acquisitions without immediate capital strain.
Rapid growth in assets via acquisition materially increases integration and credit-concentration risk; if underwriting or portfolio mix weakens, future provisions or realized losses could reverse earnings and capital gains.
Bear case: what would count against it
a material rise in nonperforming loans or provisions tied to acquired portfolios (e.g., weaknesses in CRE or niche commercial segments acquired).
large goodwill impairment or acquisition-related charge that materially reduces tangible common equity.
material deterioration in acquired loan cohorts (e.g., CRE or single-industry exposure) that drives rising NPAs and provisions.
Thesis-Break Engine
Thesis-break watch · First Busey
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MARKET + FINANCIAL SNAPSHOT
The numbers behind the thesis
What Changed
- MixedReported results of operations (earnings release).
First Busey filed an SEC 8-K on 2026-10-27: Reported results of operations (earnings release). It is a dated development that tests the current thesis.
- MixedOther material event.
First Busey filed an SEC 8-K on 2026-10-13: Other material event. It is a dated development that tests the current thesis.
- MixedOther material event.
First Busey filed an SEC 8-K on 2026-08-07: Other material event. It is a dated development that tests the current thesis.
Risks / falsifiers
What could break the thesis
- a material rise in nonperforming loans or provisions tied to acquired portfolios (e.g., weaknesses in CRE or niche commercial segments acquired).
- large goodwill impairment or acquisition-related charge that materially reduces tangible common equity.
- material deterioration in acquired loan cohorts (e.g., CRE or single-industry exposure) that drives rising NPAs and provisions.
BUSE news
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Financial statements
BUSE income statement
Annual filed results · USD · Oldest to newest. Margins are calculated from the reported figures.