FIRST BUSEY CORP NV
For the period ended Jun 30, 2024. Filed Aug 6, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 6, 2024
BUSE$29.15+1.8%Stored close · as of Nov 9, 2026
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GLOSSARY
We use acronyms, abbreviations, and other terms throughout this Quarterly Report, as defined in the glossary below:
| Term | Definition |
|---|---|
| 2020 Equity Plan | First Busey Corporation Amended 2020 Equity Incentive Plan |
| ACL | Allowance for credit losses |
| AOCI | Accumulated other comprehensive income (loss) |
| ASC | Accounting Standards Codification |
| ASU | Accounting Standards Update |
| Basel III | 2010 capital accord adopted by the international Basel Committee on Banking Supervision |
| Basel III Rule | Regulations promulgated by U.S. federal banking agencies – the Office of the Comptroller of the Currency, the Federal Reserve, and the FDIC – to both enforce implementation of certain aspects of the Basel III capital reforms and effect certain changes required by the Dodd-Frank Wall Street Reform and Consumer Protection Act |
| bps | basis points |
| C&I | Commercial and industrial loans |
| CECL | ASC Topic 326 “Financial Instruments-Credit Losses,” which established the Current Expected Credit Losses methodology for measuring credit losses on financial instruments |
| DSU | Deferred stock unit |
| ESPP | First Busey Corporation Employee Stock Purchase Plan |
| Exchange Act | Securities Exchange Act of 1934, as amended |
| Fair value | The price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date, as defined in ASC Topic 820 “Fair Value Measurement” |
| FASB | Financial Accounting Standards Board |
| FDIC | Federal Deposit Insurance Corporation |
| Federal Reserve | Board of Governors of the Federal Reserve System |
| FHLB | Federal Home Loan Bank |
| First Busey | First Busey Corporation, together with its wholly-owned consolidated subsidiaries; also, “Busey,” the “Company,” “we,” “us,” and “our” |
| FirsTech | FirsTech, Inc. |
| FOMC | Federal Open Market Committee |
| GAAP | U.S. Generally Accepted Accounting Principles |
| LIBOR | London Interbank Offered Rate |
| M&M | Merchants and Manufacturers Bank Corporation |
| M&M Bank | Merchants and Manufacturers Bank |
| Nasdaq | National Association of Securities Dealers Automated Quotations |
| NM | Not meaningful |
| NMTC | New Markets Tax Credit |
| OCI | Other comprehensive income (loss) |
| OREO | Other real estate owned |
| PCD | Purchased credit deteriorated |
| PSU | Performance stock unit |
| Term | Definition |
|---|---|
| Quarterly Report | Quarterly report filed with the SEC on Form 10-Q pursuant to Section 13 or 15(d) of the Exchange Act |
| RSU | Restricted stock unit |
| SBA | U.S. Small Business Administration |
| SEC | U.S. Securities and Exchange Commission |
| SOFR | Secured Overnight Financing Rate published by the Federal Reserve |
| Stock Repurchase Plan | Stock repurchase program approved by First Busey Corporation's board of directors on February 3, 2015 |
| Term Loan | $60 million term loan provided for in the Second Amended and Restated Credit Agreement, dated May 28, 2021 |
| U.S. | United States of America |
| U.S. Treasury | U.S. Department of the Treasury |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.