FIRST BUSEY CORP /NV/
For the period ended Mar 31, 2025. Filed May 9, 2025.
View on SEC.govAbout this filing
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.
Mar 31, 2025 · Filed May 9, 2025
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Taxes
Busey’s effective income tax rate was 8.2% for the three months ended March 31, 2025. A $4.6 million non-recurring deferred tax valuation expense was recorded in connection with the CrossFirst acquisition, which is expected to lower the effective blended state tax rate in future periods but created a negative adjustment to the carrying value of the deferred tax asset in the current period.
Busey continues to monitor evolving federal and state tax legislation and its potential impact on operations on an ongoing basis. As of March 31, 2025, Busey Bank was under examination by the Florida Department of Revenue for its 2020 to 2022 corporate income tax filings and by the Illinois Department of Revenue for M&M’s tax filings for the tax years 2022 and 2023.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.