FIRST BUSEY CORP /NV/

For the period ended Jun 30, 2026. Filed Aug 6, 2026.

About 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.

Jun 30, 2026 · Filed Aug 6, 2026

BUSE$29.11-0.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Average Balance Sheets and Interest Rates

The table below presents Busey’s Consolidated Average Balance Sheets, summarizing average balances for each major category of assets and liabilities, the interest income earned on interest-earning assets, the interest expense paid for interest-bearing liabilities, and the related interest yields for the periods indicated. Average information is provided on a daily average basis:

First Busey Corporation(BUSE) | 2026 Q2 — 68

	Three Months Ended June 30,
2026 · 2025
(dollars in thousands) · AverageBalance · Income/Expense · Yield/Rate5 · AverageBalance · Income/Expense · Yield/Rate5
Assets
Interest-bearing bank deposits and federal funds sold	$123,868		$1,057			3.42%		$711,629			$7,461		4.21%
Investment securities:
U.S. Government obligations	106,799		1,333			5.01%		115,958			1,446		5.00%
Obligations of states and political subdivisions1	262,964		2,845			4.34%		241,568			2,691		4.47%
Other securities	2,594,651		20,305			3.14%		2,725,758			21,331		3.14%
Restricted bank stock	85,153		1,127			5.31%		58,354			543		3.73%
Loans held for sale	8,358		122			5.85%		6,899			102		5.93%
Portfolio loans1, 2	13,326,579		198,477			5.97%		13,840,190			214,663		6.22%
Total interest-earning assets1, 3	16,508,372		$225,266			5.47%		17,700,356			$248,237		5.63%
Cash and due from banks	167,789						156,535
Premises and equipment	192,890						182,174
ACL	(172,134)						(195,527)
Other assets	1,190,180						1,224,548
Total assets	$17,887,097						$19,068,086
Liabilities and stockholders’ equity
Interest-bearing transaction deposits	$3,203,014		$13,463			1.69%		$3,188,993			$15,288		1.92%
Savings and money market deposits	5,615,951		32,220			2.30%		6,381,634			45,782		2.88%
Time deposits	2,342,629		20,078			3.44%		2,879,902			27,077		3.77%
Federal funds purchased and repurchase agreements	169,008		1,098			2.61%		141,978			886		2.50%
Borrowings4	375,336		3,933			4.20%		315,367			3,838		4.88%
Junior subordinated debt issued to unconsolidated trusts	75,118		1,231			6.57%		77,141			1,392		7.24%
Total interest-bearing liabilities	11,781,056		$72,023			2.45%		12,985,015			$94,263		2.91%
Net interest spread1				3.02%						2.72%
Noninterest-bearing deposits	3,467,436						3,542,617
Other liabilities	240,118						255,872
Stockholders’ equity	2,398,487						2,284,582
Total liabilities and stockholders’ equity	$17,887,097						$19,068,086
Interest income / earning assets1, 3	$16,508,372		$225,266			5.47%		$17,700,356			$248,237		5.63%
Interest expense / earning assets	16,508,372		72,023			1.75%		17,700,356			94,263		2.14%
Net interest margin1		$153,243			3.72%				$153,974			3.49%

On a tax-equivalent basis and assuming a federal income tax rate of 21.0%. For a reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures, see“Non-GAAP Financial Information” included in this MD&A.
Non-accrual loans are included in average portfolio loans.
Interest income includes tax-equivalent adjustments of $0.8 million for both the three months ended June 30, 2026, and the three months ended June 30, 2025.
Includes short-term and long-term borrowings. Interest expense includes non-usage fees on a revolving loan.
Annualized.

First Busey Corporation(BUSE) | 2026 Q2 — 69

	Six Months Ended June 30,
2026 · 2025
(dollars in thousands) · AverageBalance · Income/Expense · Yield/Rate5 · AverageBalance · Income/Expense · Yield/Rate5
Assets
Interest-bearing bank deposits and federal funds sold	$131,494		$2,279			3.50%		$699,996			$15,045		4.33%
Investment securities:
U.S. Government obligations	108,566		2,720			5.05%		79,048			1,949		4.97%
Obligations of states and political subdivisions1	264,193		5,665			4.32%		217,410			4,222		3.92%
Other securities	2,568,695		39,387			3.09%		2,637,232			38,407		2.94%
Restricted bank stock	83,396		2,007			4.85%		54,770			1,302		4.79%
Loans held for sale	6,724		195			5.85%		5,181			157		6.11%
Portfolio loans1, 2	13,423,566		399,375			6.00%		11,850,318			354,507		6.03%
Total interest-earning assets1, 3	16,586,634		$451,628			5.49%		15,543,955			$415,589		5.39%
Cash and due from banks	165,853						164,617
Premises and equipment	193,357						161,447
ACL	(173,759)						(163,840)
Other assets	1,201,095						1,255,217
Total assets	$17,973,180						$16,961,396
Liabilities and stockholders’ equity
Interest-bearing transaction deposits	$3,163,759		$25,968			1.66%		$2,919,452			$26,216		1.81%
Savings and money market deposits	5,651,538		64,184			2.29%		5,417,935			73,374		2.73%
Time deposits	2,375,699		41,635			3.53%		2,468,406			45,869		3.75%
Federal funds purchased and repurchase agreements	164,938		1,994			2.44%		143,400			1,762		2.48%
Borrowings4	345,141		7,265			4.24%		290,131			7,379		5.13%
Junior subordinated debt issued to unconsolidated trusts	76,229		2,493			6.60%		76,378			2,747		7.25%
Total interest-bearing liabilities	11,777,304		$143,539			2.46%		11,315,702			$157,347		2.80%
Net interest spread1				3.03%						2.59%
Noninterest-bearing deposits	3,501,941						3,290,770
Other liabilities	259,754						244,129
Stockholders’ equity	2,434,181						2,110,795
Total liabilities and stockholders’ equity	$17,973,180						$16,961,396
Interest income / earning assets1, 3	$16,586,634		$451,628			5.49%		$15,543,955			$415,589		5.39%
Interest expense / earning assets	16,586,634		143,539			1.75%		15,543,955			157,347		2.04%
Net interest margin1		$308,089			3.75%				$258,242			3.35%

On a tax-equivalent basis and assuming a federal income tax rate of 21.0%. For a reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures, see“Non-GAAP Financial Information” included in this MD&A.
Non-accrual loans have been included in average portfolio loans.
Interest income includes tax-equivalent adjustments of $1.7 million and $1.3 million for the six months ended June 30, 2026 and 2025, respectively.
Includes short-term and long-term borrowings. Interest expense includes non-usage fees on a revolving loan.
Annualized.

First Busey Corporation(BUSE) | 2026 Q2 — 70

Notable changes in average assets and average liabilities are summarized as follows:

	Three Months Ended June 30,
(dollars in thousands)	2026	2025	Change	% Change
Average interest-earning assets	$16,508,372	$17,700,356	$(1,191,984)	(6.7)%
Average interest-bearing liabilities	11,781,056	12,985,015	(1,203,959)	(9.3)%
Average noninterest-bearing deposits	3,467,436	3,542,617	(75,181)	(2.1)%
Total average deposits	14,629,030	15,993,146	(1,364,116)	(8.5)%
Total average liabilities	15,488,610	16,783,504	(1,294,894)	(7.7)%
Average noninterest-bearing deposits as a percent of total average deposits	23.7%	22.2%	150 bps
Total average deposits as a percent of total average liabilities	94.5%	95.3%	(80) bps

	Six Months Ended June 30,
(dollars in thousands)	2026	2025	Change	% Change
Average interest-earning assets	$16,586,634	$15,543,955	$1,042,679	6.7%
Average interest-bearing liabilities	11,777,304	11,315,702	461,602	4.1%
Average noninterest-bearing deposits	3,501,941	3,290,770	211,171	6.4%
Total average deposits	14,692,937	14,096,563	596,374	4.2%
Total average liabilities	15,538,999	14,850,601	688,398	4.6%
Average noninterest-bearing deposits as a percent of total average deposits	23.8%	23.3%	50 bps
Total average deposits as a percent of total average liabilities	94.6%	94.9%	(30) bps

First Busey Corporation(BUSE) | 2026 Q2 — 71

Changes in net interest income and net interest margin are summarized as follows:

	Three Months Ended June 30,
(dollars in thousands)	2026	2025	Change	% Change
Net interest income
Interest income, on a tax-equivalent basis1	$225,266	$248,237	$(22,971)	(9.3)%
Interest expense	(72,023)	(94,263)	22,240	23.6%
Net interest income, on a tax-equivalent basis1	$153,243	$153,974	$(731)	(0.5)%
Net interest margin1, 2	3.72%	3.49%	23 bps

	Six Months Ended June 30,
(dollars in thousands)	2026	2025	Change	% Change
Net interest income
Interest income, on a tax-equivalent basis1	$451,628	$415,589	$36,039	8.7%
Interest expense	(143,539)	(157,347)	13,808	8.8%
Net interest income, on a tax-equivalent basis1	$308,089	$258,242	$49,847	19.3%
Net interest margin1, 2	3.75%	3.35%	40 bps

Assuming a federal income tax rate of 21.0%. For a reconciliation of non-GAAP measures to the most directly comparable GAAP financial measures, see“Non-GAAP Financial Information” included in this MD&A.
Net interest income expressed as a percentage of average earning assets, stated on a tax-equivalent basis.

Busey continues to evaluate and execute off-balance sheet hedging and balance sheet strategies as well as embedding rate protection in asset originations to provide consistent and predictable net interest income performance across different interest rate environments. Busey continues strategic efforts to grow core customer deposits.

Net interest spread represents the difference between the average rate earned on earning assets and the average rate paid on interest-bearing liabilities, and is presented in the table below:

	Three Months Ended June 30,		Six Months Ended June 30,
	2026	2025	2026	2025
Net interest spread1	3.02%	2.72%	3.03%	2.59%

Net interest spread is calculated on a tax-equivalent basis.

Annualized net interest margins for the quarterly periods indicated were as follows:

	2026	2025
First Quarter	3.77%	3.16%
Second Quarter	3.72%	3.49%
Third Quarter		3.58%
Fourth Quarter		3.71%

Management attempts to mitigate the effects of an unpredictable interest-rate environment through effective portfolio management, prudent loan underwriting and pricing discipline, and operational efficiencies. For a description of accounting policies underlying the recognition of interest income and expense, refer to the Notes to Consolidated Financial Statements in Busey’s 2025 Annual Report.

First Busey Corporation(BUSE) | 2026 Q2 — 72

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.