FIRST BUSEY CORP /NV/
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 26, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Noninterest Income
Changes in noninterest income are summarized in the tables below for the periods presented:
| Years Ended December 31, | ||||
|---|---|---|---|---|
| (dollars in thousands) | 2025 | 2024 | Change | % Change |
| Noninterest income | ||||
| Wealth management fees | $69,426 | $63,630 | $5,796 | 9.1% |
| Payment technology solutions | 20,000 | 21,983 | (1,983) | (9.0)% |
| Treasury management services | 17,322 | 8,377 | 8,945 | 106.8% |
| Card services and ATM fees | 18,048 | 13,424 | 4,624 | 34.4% |
| Other service charges on deposit accounts | 6,281 | 9,440 | (3,159) | (33.5)% |
| Mortgage revenue | 2,565 | 2,075 | 490 | 23.6% |
| Income on bank owned life insurance | 6,597 | 5,130 | 1,467 | 28.6% |
| Realized net gains (losses) on the sale of mortgage servicing rights | — | 7,724 | (7,724) | (100.0)% |
| Securities income: | ||||
| Realized net gains (losses) on securities | (15,242) | (7,033) | (8,209) | (116.7)% |
| Unrealized net gains (losses) recognized on equity securities | 4,516 | 931 | 3,585 | 385.1% |
| Net securities gains (losses) | (10,726) | (6,102) | (4,624) | (75.8)% |
| Other noninterest income | 20,462 | 14,001 | 6,461 | 46.1% |
| Total noninterest income | $149,975 | $139,682 | $10,293 | 7.4% |
| Assets under care as of period end | $15,657,269 | $13,833,654 | $1,823,615 | 13.2% |
Total noninterest income was $150.0 million for the year ended December 31, 2025, an increase of 7.4% when compared with $139.7 million for the year ended December 31, 2024. Total noninterest income represented 20.8% of total revenue 2 in 2025, compared to 30.2% in 2024. The year ended December 31, 2025, includes ten months of income from the CrossFirst acquisition.
Revenues from wealth management fees and payment technology solutions provide a complement to spread-based revenue from traditional banking activities.
Wealth management fees increased by 9.1% to $69.4 million for 2025, compared to $63.6 million for 2024. Busey’s Wealth Management division had $15.66 billion in assets under care as of December 31, 2025, compared to $13.83 billion as of December 31, 2024. Busey’s portfolio management team continues to focus on long-term returns and managing risk in the face of volatile markets.
Income from payment technology solutions derives from Busey’s payment processing company, FirsTech. This income decreased by 9.0% to $20.0 million for 2025, compared to $22.0 million for 2024, primarily due to decreases in income from online bill payments.
Treasury management services consist primarily of business analysis charges and wire transfer fees on commercial accounts. Income from treasury management services increased by 106.8% compared to 2024 due to the addition of CrossFirst commercial services.
Card services and ATM fees, which include both commercial and consumer accounts, increased by 34.4% compared to 2024 primarily due to the addition of CrossFirst corporate card services.
2 Total revenue consists of net interest income plus noninterest income.
First Busey Corporation(BUSE) | 2025 —67
Other service charges on deposit accounts were $6.3 million for the year ended December 31, 2025, a decline of 33.5% from the comparable period in 2024. Declines were largely related to lower non-sufficient fund charges, reflecting changes Busey made to its fee structure in 2025.
Mortgage revenue was $2.6 million for 2025, compared to $2.1 million for 2024. General economic conditions and interest rate volatility may impact future mortgage revenue.
Income on bank owned life insurance increased by 28.6% to $6.6 million for 2025, compared to $5.1 million for 2024, resulting from a $1.9 million increase in the cash surrender value of the insurance policies partially offset by a $0.4 million decrease in earnings on death proceeds.
During the year ended December 31, 2025, Busey did not record any realized gains on the sale of mortgage servicing rights. In comparison, during the year ended December 31, 2024, Busey recognized a $7.7 million gain on the sale of mortgage servicing rights in connection with a strategic two-part balance sheet repositioning. For more information, see“Busey executed a two-part balance sheet repositioning strategy” in the Management Discussion and Analysis included in Busey’s Quarterly Report for the first quarter of 2024, filed with the SEC on May 7, 2024.
Net securities losses of $10.7 million during the year ended December 31, 2025, were greater than the net securities losses realized during the comparable period in 2024. Losses for the year ended December 31, 2025, were comprised of $15.2 million of realized net losses on securities resulting from a strategic balance sheet repositioning completed in the first quarter of 2025, partially offset by unrealized net gains on Busey’s approximately 3% equity ownership of a financial institution that was the target of an acquisition at a significant market premium.
Other income increased by 46.1% to $20.5 million for 2025, compared to $14.0 million for 2024. Increases in other income were primarily attributable to increases in commercial loan servicing income and swap origination fees.
First Busey Corporation(BUSE) | 2025 —68
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.