BUSE

MKT CAP:$2B

First Busey Corporation

Market Cap

$2B

Financial Services·Banks - Regional·🇺🇸 United States·NASDAQ

Financials·Banks - Regional·🇺🇸·NASDAQ

Stock Price

$26.18+$2.28 (+9.54%)

Apr 24, 2026

Company Details

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The comp...

CEO

Van A. Dukeman

IPO Date

Oct 6, 1998

Website

www.busey.com

Key Metrics TTM

Revenue

$1.0B

+57.6% YoY

Net Income

$135M

EPS (Diluted)

$1.65

Free Cash Flow

$172M

Revenue / Share

$11.71

Gross Margin

64.2%

Operating Margin

17.9%

Net Margin

13.0%

FCF Margin

16.5%

P/S

2.2x

P/E

16.7x

Earnings Reports

Q1 2026

Apr 28, 2026

PENDING

FY 2025

Feb 26, 2026

$1.0B+57.6%EPS $1.47

Q4 2025

Feb 26, 2026

$278M+67.7%EPS $0.63

Q3 2025

Nov 6, 2025

$286M+67.6%EPS $0.94

Q2 2025

Aug 5, 2025

$292M+76.5%EPS $0.52

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$112M	$106M	$36M
Q2 22	$114M	$105M	$36M
Q3 22	$126M	$115M	$44M
Q4 22	$135M	$119M	$46M
Q1 23	$143M	$117M	$46M
Q2 23	$145M	$106M	$37M
Q3 23	$154M	$108M	$37M
Q4 23	$160M	$108M	$33M
Q1 24	$161M	$106M	$35M
Q2 24	$166M	$114M	$38M
Q3 24	$170M	$118M	$43M
Q4 24	$166M	$115M	$37M
Q1 25	$188M	$83M	-$33M
Q2 25	$292M	$192M	$65M
Q3 25	$286M	$197M	$77M
Q4 25	$278M	$198M	$77M

Valuation

Quarter	P/S	P/E
Q1 22	3.3x	12.8x
Q2 22	2.8x	11.2x
Q3 22	2.7x	10.1x
Q4 22	2.8x	10.5x
Q1 23	2.2x	8.2x
Q2 23	2.1x	8.3x
Q3 23	1.8x	7.9x
Q4 23	2.3x	11.1x
Q1 24	2.1x	11.6x
Q2 24	2.1x	12.0x
Q3 24	2.3x	13.3x
Q4 24	2.0x	11.8x
Q1 25	1.8x	21.4x
Q2 25	1.9x	20.2x
Q3 25	1.7x	15.7x
Q4 25	1.6x	12.2x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$43M	$42M
Q2 22	$31M	$29M
Q3 22	$44M	$43M
Q4 22	$48M	$47M
Q1 23	$45M	$43M
Q2 23	$40M	$38M
Q3 23	$42M	$40M
Q4 23	$46M	$43M
Q1 24	$37M	$36M
Q2 24	$28M	$26M
Q3 24	$60M	$59M
Q4 24	$52M	$50M
Q1 25	$8M	$7M
Q2 25	$50M	$46M
Q3 25	$62M	$54M
Q4 25	$72M	$65M

Capital Expenditures

Quarter	CapEx
Q1 22	$734.0K
Q2 22	$2M
Q3 22	$1M
Q4 22	$983.0K
Q1 23	$2M
Q2 23	$2M
Q3 23	$2M
Q4 23	$3M
Q1 24	$1M
Q2 24	$2M
Q3 24	$988.0K
Q4 24	$2M
Q1 25	$2M
Q2 25	$4M
Q3 25	$8M
Q4 25	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+7.8%	+38.1%
Q2 22	+8.5%	+13.7%
Q3 22	+13.7%	+4.4%
Q4 22	+20.5%	+22.6%
Q1 23	+27.8%	+26.8%
Q2 23	+27.5%	+39.6%
Q3 23	+21.6%	+41.3%
Q4 23	+18.7%	+42.3%
Q1 24	+12.4%	+30.2%
Q2 24	+14.3%	+17.7%
Q3 24	+10.9%	+10.1%
Q4 24	+3.4%	+1.0%
Q1 25	+17.0%	+75.5%
Q2 25	+76.5%	+79.1%
Q3 25	+67.6%	+63.0%
Q4 25	+67.7%	+56.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$2M	1.7%
Q2 22	$2M	2.1%
Q3 22	$2M	2.0%
Q4 22	$2M	1.7%
Q1 23	$2M	1.2%
Q2 23	$3M	1.8%
Q3 23	$3M	1.7%
Q4 23	-$333.0K	-0.2%
Q1 24	$2M	1.5%
Q2 24	$1M	0.7%
Q3 24	$2M	1.3%
Q4 24	$2M	1.1%
Q1 25	$3M	1.8%
Q2 25	$5M	1.9%
Q3 25	$4M	1.5%
Q4 25	$4M	1.4%

OpEx Breakdown

Quarter	G&A
Q1 22	$39M
Q2 22	$39M
Q3 22	$41M
Q4 22	$42M
Q1 23	$42M
Q2 23	$41M
Q3 23	$41M
Q4 23	$44M
Q1 24	$43M
Q2 24	$45M
Q3 24	$46M
Q4 24	$47M
Q1 25	$70M
Q2 25	$70M
Q3 25	$77M
Q4 25	$79M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$479M	$2.9B	$3.4B
Q2 22	$231M	$2.7B	$3.0B
Q3 22	$347M	$2.5B	$2.9B
Q4 22	$227M	$2.5B	$2.7B
Q1 23	$276M	$2.4B	$2.7B
Q2 23	$233M	$2.3B	$2.5B
Q3 23	$338M	$2.2B	$2.5B
Q4 23	$720M	$2.1B	$2.8B
Q1 24	$591M	$1.9B	$2.5B
Q2 24	$285M	$1.8B	$2.1B
Q3 24	$554M	$1.8B	$2.4B
Q4 24	$698M	$1.2B	$1.9B
Q1 25	$1.2B	$86M	$1.3B
Q2 25	$752M	$44M	$796M
Q3 25	$385M	$45M	$430M
Q4 25	$181M	$0	$181M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	56M	-0.4%	+2.1%
Q2 22	56M	-0.2%	+0.7%
Q3 22	56M	-0.1%	-1.3%
Q4 22	56M	+0.2%	-0.4%
Q1 23	56M	+0.0%	-0.0%
Q2 23	56M	+0.0%	+0.2%
Q3 23	56M	+0.2%	+0.4%
Q4 23	56M	+0.0%	+0.3%
Q1 24	56M	+0.1%	+0.4%
Q2 24	58M	+2.6%	+2.9%
Q3 24	58M	+0.2%	+2.9%
Q4 24	58M	-0.1%	+2.8%
Q1 25	70M	+20.0%	+23.2%
Q2 25	91M	+30.8%	+57.1%
Q3 25	61M	-33.2%	+4.8%
Q4 25	89M	+46.8%	+53.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$73.1K	2K
Q2 22	$74.2K	2K
Q3 22	$82.5K	2K
Q4 22	$88.2K	2K
Q1 23	$93.4K	2K
Q2 23	$94.7K	2K
Q3 23	$100.4K	2K
Q4 23	$104.6K	2K
Q1 24	$105.0K	2K
Q2 24	$108.2K	2K
Q3 24	$111.3K	2K
Q4 24	$108.2K	2K
Q1 25	$122.8K	2K
Q2 25	$190.9K	2K
Q3 25	$186.6K	2K
Q4 25	$181.4K	2K

Revenue / Employee