BUSE Home Investment Highlights Valuation & Metrics Price Chart Why The Stock Moved Return vs. Risk About BUSE Interactive Breakdown Better Bets vs. BUSE Peer Outperformance Latest Trefis Analyses Trade Ideas More From Trefis Peer Comparisons FDIC Bank Data FDA Approved Drugs Data Clinical Pipeline Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Forward Guidance Insider Activity Investor Activity (13F) Trade Sentinel Investor Videos Industry Resource Links External Quote Links

    First Busey (BUSE)

    Market Price (11/12/2026): $28.95 | Market Cap: $2.3 BilSector: Financials | Industry: Regional Banks

    First Busey (BUSE)

    Market Price (11/12/2026): $28.95
    Market Cap: $2.3 Bil
    Sector: Financials
    Industry: Regional Banks

    Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

    0

    Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.8%, FCF Yield is 9.4%

    Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -136%

    Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%

    Low stock price volatility
    Vol 12M is 21%

    Capital ratio is >2x the minimum of 6%
    Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%

    Uninsured deposits are low
    Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 17%

    Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.

    Weak multi-year price returns
    2Y Excs Rtn is -12%, 3Y Excs Rtn is -15%

    Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -1.4%

    Key risks
    BUSE key risks include [1] heightened credit risk and potential losses stemming from its commercial loan portfolio's sensitivity to adverse economic factors.

    0 Attractive yield
    Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 14%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 8.8%, FCF Yield is 9.4%
    1 Cash is significant % of market cap
    Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -136%
    2 Attractive cash flow generation
    CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 28%
    3 Low stock price volatility
    Vol 12M is 21%
    4 Capital ratio is >2x the minimum of 6%
    Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
    5 Uninsured deposits are low
    Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 17%
    6 Megatrend and thematic drivers
    Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
    7 Weak multi-year price returns
    2Y Excs Rtn is -12%, 3Y Excs Rtn is -15%
    8 Weak revenue growth
    Rev Chg QQuarterly Revenue Change % is -1.4%
    9 Key risks
    BUSE key risks include [1] heightened credit risk and potential losses stemming from its commercial loan portfolio's sensitivity to adverse economic factors.

    BUSE in ETFs

    Weight = BUSE's share of each fund

    VTI0.00%
    ITOT0.00%
    IWM0.08%
    KRE0.80%
    AVUV0.21%
    IWN0.16%
    VTWO0.08%
    FNDA0.06%
    +7 more covered ETFs

    Valuation & Metrics

    FYE: 12/31BUSE [1]S&P 500 [2]
    REVENUE GROWTH
    LTM Revenue [3]$786.7 Mil—
    FY 2026 Sales$782.6 Mil—
    FY 2027 Sales$792.0 Mil—
    FY 2026 Sales Growth-0.5%—
    FY 2027 Sales Growth1.2%8.6%
    EARNINGS
    LTM Net Income (GAAP) [3]$229.8 Mil—
    FY 2026 Net Income (Non-GAAP)$223.4 Mil—
    FY 2027 Net Income (Non-GAAP)$238.8 Mil—
    FY 2027 Net Income Growth6.9%12.7%
    FY 2026 EPS (Non-GAAP)$2.48—
    FY 2027 EPS (Non-GAAP)$2.67—
    FY 2027 EPS Growth7.7%—
    VALUATION
    FY 2026 P/S3.01.7
    FY 2027 P/S2.9—
    FY 2026 P/E10.48.8
    FY 2027 P/E9.7—

    [1] BUSE forward figures are analyst consensus for the next two fiscal years (fiscal year end 12/31). Net Income and EPS are non-GAAP (adjusted) consensus. P/S and P/E divide the current market cap by the consensus figure.
    [2] S&P 500 figures are the SPY ETF's holdings-weighted forward aggregate. P/S and P/E reflect FY1/FY2 consensus blended to the 12-month window ending 11/30/27 (~one year forward), shown when ≥90% of index weight has estimates. Growth is the aggregate next-fiscal-year vs current-fiscal-year (FY1→FY2) change. Index-level dollar Sales, Net Income and EPS are not applicable.
    [3] LTM = reported trailing-twelve-month actuals (GAAP).
    BUSES&P 500
    REVENUE GROWTH 
    Rev LTM ($ Bil)0.8
    Rev Chg Q-1.4%8.8%
    Rev Chg LTM23.7%8.7%
    Rev Chg 3Y Avg21.3%6.5%
    PROFITABILITYGOOD
    Op Inc LTM ($ Bil)�
    CFO LTM ($ Bil)0.2
    Net Inc LTM ($ Bil)0.2
    CFO/Rev LTM30.0%21.4%
    Net Inc Mgn29.2%13.5%
    VALUATIONLOW
    P/S3.03.2
    P/CFO10.115.3
    P/FCF10.720.5
    P/E10.421.8

    AI Analysis | Feedback

    MetricValueDateSource
    Assets Under Care$14.96 Billion10282025Link
    Payments Processed Annually$12 Billion10282025Link
    Wealth Management Assets Under Care$14.10 billion7222025Link

    Price Chart

    Upcoming
    1/26/2027Earnings ReleaseRev: $195 Mil (E)
    EPS: $0.67 (E)

    Why The Stock Moved

    Qualitative Assessment

    AI Analysis | Feedback

    Prices as of 11/11/2026

    Up 33.1% from its Mar 18 low to Aug 4, down 7.6% since (S&P 500 up 17.2%)
    The run was largely without company news, though the S&P 500 also rose, driving its move on April 8. Its biggest days on April 17 and July 16 occurred without company headlines.

    Oct 28: down 3.1% the day after its Oct 27 earnings report (S&P 500 up 0.3%)
    The stock declined after the 2026 third quarter earnings reported revenue down 1% and net income down 2% from a year earlier.

    Show more
    Prices as of 11/11/2026

    Up 33.1% from its Mar 18 low to Aug 4, down 7.6% since (S&P 500 up 17.2%)
    The run was largely without company news, though the S&P 500 also rose, driving its move on April 8. Its biggest days on April 17 and July 16 occurred without company headlines.

    Oct 28: down 3.1% the day after its Oct 27 earnings report (S&P 500 up 0.3%)
    The stock declined after the 2026 third quarter earnings reported revenue down 1% and net income down 2% from a year earlier.

    Show less
    Holding a concentrated position? Know your true downside before the momentum shifts.
    Protect Your Wealth →

    Stock Movement Drivers

    Fundamental Drivers

    The -5.4% change in BUSE stock from 7/31/2026 to 11/11/2026 was primarily driven by a -15.7% change in the company's P/E Multiple.
    (LTM values as of)731202611112026Change
    Stock Price ($)30.6028.94-5.4%
    Change Contribution By: 
    Total Revenues ($ Mil)791787-0.5%
    Net Income Margin (%)27.2%29.2%7.3%
    P/E Multiple12.310.4-15.7%
    Shares Outstanding (Mil)87825.1%
    Cumulative Contribution-5.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    7/31/2026 to 11/11/2026
    ReturnCorrelation
    BUSE-5.4% 
    Market (SPY)1.7%30.2%
    Sector (XLF)3.0%59.4%

    Fundamental Drivers

    The 12.4% change in BUSE stock from 4/30/2026 to 11/11/2026 was primarily driven by a 55.4% change in the company's Net Income Margin (%).
    (LTM values as of)430202611112026Change
    Stock Price ($)25.7528.9412.4%
    Change Contribution By: 
    Total Revenues ($ Mil)7207879.3%
    Net Income Margin (%)18.8%29.2%55.4%
    P/E Multiple16.810.4-38.3%
    Shares Outstanding (Mil)89827.3%
    Cumulative Contribution12.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    4/30/2026 to 11/11/2026
    ReturnCorrelation
    BUSE12.4% 
    Market (SPY)6.0%19.4%
    Sector (XLF)12.9%51.5%

    Fundamental Drivers

    The 34.4% change in BUSE stock from 10/31/2025 to 11/11/2026 was primarily driven by a 110.3% change in the company's Net Income Margin (%).
    (LTM values as of)1031202511112026Change
    Stock Price ($)21.5428.9434.4%
    Change Contribution By: 
    Total Revenues ($ Mil)55878740.9%
    Net Income Margin (%)13.9%29.2%110.3%
    P/E Multiple24.910.4-58.3%
    Shares Outstanding (Mil)90828.7%
    Cumulative Contribution34.4%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2025 to 11/11/2026
    ReturnCorrelation
    BUSE34.4% 
    Market (SPY)12.3%30.2%
    Sector (XLF)13.3%53.8%

    Fundamental Drivers

    The 64.5% change in BUSE stock from 10/31/2023 to 11/11/2026 was primarily driven by a 70.3% change in the company's Total Revenues ($ Mil).
    (LTM values as of)1031202311112026Change
    Stock Price ($)17.5928.9464.5%
    Change Contribution By: 
    Total Revenues ($ Mil)46278770.3%
    Net Income Margin (%)29.5%29.2%-1.0%
    P/E Multiple7.210.445.1%
    Shares Outstanding (Mil)5582-32.8%
    Cumulative Contribution64.5%

    LTM = Last Twelve Months as of date shown

    Market Drivers

    10/31/2023 to 11/11/2026
    ReturnCorrelation
    BUSE64.5% 
    Market (SPY)87.9%44.9%
    Sector (XLF)89.1%63.7%

    Return vs. Risk

    Price Returns Compared

     202120222023202420252026Total [1]
    Returns
    BUSE Return31%-5%5%-1%6%26%71%
    Peers Return31%0%-5%27%2%17%87%
    S&P 500 Return27%-19%24%23%16%10%100%

    Monthly Win Rates [3]
    BUSE Win Rate67%33%58%42%50%64% 
    Peers Win Rate70%45%45%57%50%62% 
    S&P 500 Win Rate75%42%67%75%67%36% 

    Max Drawdowns [4]
    BUSE Max Drawdown-18%-25%-31%-16%-24%-12% 
    Peers Max Drawdown-19%-24%-38%-14%-26%-16% 
    S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 

    [1] Cumulative total returns since the beginning of 2021
    [2] Peers: EFSC, CBSH, UMBF, ASB, ONB.
    [3] Win Rate = % of calendar months in which monthly returns were positive
    [4] Max drawdown represents maximum peak-to-trough decline within a year
    [5] 2026 data is for the year up to 11/11/2026 (YTD)

    How Low Can It Go

    EventBUSES&P 500
    2025 US Tariff Shock
      % Loss-22.8%-18.8%
      % Gain to Breakeven29.6%23.1%
      Time to Breakeven102 days79 days
    Summer-Fall 2023 Five Percent Yield Shock
      % Loss-14.1%-9.5%
      % Gain to Breakeven16.5%10.5%
      Time to Breakeven20 days24 days
    2023 SVB Regional Banking Crisis
      % Loss-30.3%-6.7%
      % Gain to Breakeven43.4%7.1%
      Time to Breakeven216 days31 days
    2022 Inflation Shock & Fed Tightening
      % Loss-19.7%-24.5%
      % Gain to Breakeven24.5%32.4%
      Time to Breakeven169 days427 days
    2020 COVID-19 Crash
      % Loss-44.9%-33.7%
      % Gain to Breakeven81.4%50.9%
      Time to Breakeven350 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-23.7%-19.2%
      % Gain to Breakeven31.1%23.8%
      Time to Breakeven1053 days105 days

    Compare to EFSC, CBSH, UMBF, ASB, ONB

    In The Past

    First Busey's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.6% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    EventBUSES&P 500
    2025 US Tariff Shock
      % Loss-22.8%-18.8%
      % Gain to Breakeven29.6%23.1%
      Time to Breakeven102 days79 days
    2023 SVB Regional Banking Crisis
      % Loss-30.3%-6.7%
      % Gain to Breakeven43.4%7.1%
      Time to Breakeven216 days31 days
    2020 COVID-19 Crash
      % Loss-44.9%-33.7%
      % Gain to Breakeven81.4%50.9%
      Time to Breakeven350 days140 days
    Q4 2018 Fed Policy Error / Growth Scare
      % Loss-23.7%-19.2%
      % Gain to Breakeven31.1%23.8%
      Time to Breakeven1053 days105 days
    2011 US Debt Ceiling Crisis & European Contagion
      % Loss-21.1%-17.9%
      % Gain to Breakeven26.8%21.8%
      Time to Breakeven24 days123 days

    Compare to EFSC, CBSH, UMBF, ASB, ONB

    In The Past

    First Busey's stock fell -22.8% during the 2025 US Tariff Shock. Such a loss loss requires a 29.6% gain to breakeven.

    Preserve Wealth

    Limiting losses and compounding gains is essential to preserving wealth.

    Asset Allocation

    Actively managed asset allocation strategies protect wealth. Learn more.

    About First Busey (BUSE)

    First Busey Corporation (BUSE) operates as a bank holding company, primarily through its subsidiary Busey Bank, offering a comprehensive suite of retail and commercial banking products and services. The company's core banking operations include customary types of demand and savings deposits for individuals and businesses, alongside a broad range of lending solutions. These loans encompass commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans, as well as home equity lines of credit.

    Beyond traditional banking, First Busey diversifies its offerings across two key additional segments: Wealth Management and FirsTech. The Wealth Management segment provides specialized services such as investment management, trust and estate advisory, financial planning, security brokerage, and asset management. The FirsTech segment focuses on payment technology solutions, facilitating various methods for bill payment including walk-in, online, mobile, and telephone options, alongside direct debit services and lockbox remittance processing for commercial clients.

    The company serves a wide array of customers, including individuals, corporations, institutional clients, and governmental entities. Geographically, First Busey maintains a strong regional presence, operating numerous banking centers predominantly across Illinois and Missouri, with additional locations in southwest Florida and Indianapolis, Indiana, effectively serving these distinct markets.

    AI Analysis | Feedback

    Here are 1-3 brief analogies for First Busey (BUSE):

    • A regional bank and wealth manager, similar to a smaller PNC Bank or Regions Financial.
    • A regional bank like Huntington Bancshares that also operates its own payment technology platform, similar to a small-scale Fiserv.

    AI Analysis | Feedback

    • Retail & Commercial Deposits: Provides customary demand and savings accounts for individuals, businesses, and institutions.
    • Lending Services: Offers a diverse portfolio of commercial, agricultural, real estate, and consumer loans, including home equity lines of credit.
    • Payment Technology Solutions (FirsTech): Delivers a platform for walk-in, online, mobile, and other electronic payment processing, alongside billing and treasury tools.
    • Wealth Management & Trust Services: Encompasses investment management, trust and estate advisory, financial planning, and business succession services.
    • Brokerage & Investment Advisory: Provides security brokerage services and investment strategy consulting.
    • Cash Management & Fiduciary Services: Offers commercial depository services for cash flow management and acts in a position of trust for client assets.

    AI Analysis | Feedback

    First Busey (BUSE) serves a diverse customer base, including individuals, corporations, institutions, and governmental entities. Given the nature of its banking and financial services, it does not primarily sell to a few identifiable public companies. Instead, its major customers fall into broad categories. Here are the three primary categories of customers that First Busey serves:
    • Individual Customers: These customers utilize First Busey's retail banking services, including demand and savings deposits, consumer and home equity loans, and various money transfer, IRA, and safe deposit services. This category also encompasses individuals receiving wealth management, financial planning, trust, estate advisory, tax preparation, and security brokerage services.
    • Commercial and Corporate Customers: This category includes businesses, agricultural operations, and real estate developers that leverage commercial, agricultural, and real estate construction loans, as well as commercial and residential real estate loans. These customers also use cash management, business succession, and employee retirement planning services. Additionally, businesses contracting for payment technology solutions through the FirsTech segment fall into this category.
    • Institutional and Governmental Customers: This category includes various institutions and governmental bodies that utilize the company's investment management, trust, fiduciary services, asset management, philanthropic advisory, and specialized commercial depository services.

    AI Analysis | Feedback

    null

    AI Analysis | Feedback

    Van A. Dukeman
    Chairman, President & CEO of First Busey Corporation and Chairman & CEO of Busey Bank

    Mr. Dukeman is the Chairman, President & CEO of First Busey Corporation and Chairman & CEO of Busey Bank. He also serves as a director of FirsTech, Inc.. Prior to its merger with First Busey in 2007, Mr. Dukeman served as President & Chief Executive Officer of Main Street Trust, Inc..

    Christopher H.M. Chan
    EVP & Chief Financial Officer of First Busey Corporation and Busey Bank

    Mr. Chan joined Busey in 2025 as Chief Financial Officer for First Busey Corporation and Busey Bank. He previously served as Executive Vice President, Chief Strategy Officer at First National Bank, a subsidiary of F.N.B. Corporation. Mr. Chan oversees various areas including accounting and corporate reporting, financial planning and analysis, budgeting and forecasting, corporate insights, capital markets, treasury, specialty finance and community investments, corporate development, and investor relations.

    Monica L. Bowe
    EVP & Chief Risk Officer of First Busey Corporation and Busey Bank

    Ms. Bowe is the Chief Risk Officer of First Busey Corporation and Busey Bank, having joined Busey in January 2020. She has over 25 years of financial leadership experience, including her previous role as Senior Director of Operational Risk Program Management at KeyBank.

    Amy L. Randolph
    Executive Vice President & Chief Operating Officer of First Busey Corporation and Busey Bank

    Ms. Randolph serves as the Executive Vice President and Chief Operating Officer for First Busey Corporation and Busey Bank. In this role, she focuses on the operational efficiency across the Banking, Wealth Management, and FirsTech segments, overseeing day-to-day operations, managing cross-functional teams, and driving initiatives to enhance customer experience and operational excellence.

    T. Anthony Hammond
    President, Busey Bank

    Mr. Hammond is the President of Busey Bank. He previously led various revenue areas of the company as Busey's President of Regional Banking. His prior experience includes serving as Executive Vice President and Head of Commercial and Middle Market Banking at Heartland Financial (HTLF), and various senior leadership roles at Arizona Bank & Trust, Johnson Bank, and BOK Financial. Mr. Hammond oversees Busey's regional operating sales and revenue model.

    AI Analysis | Feedback

    Here are the key risks to First Busey (BUSE):
    1. Credit Risk: As a bank holding company, First Busey faces the inherent risk that borrowers may default on their loans, which include commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans. Deterioration in the quality of its loan portfolio or persistent losses meaningfully above peer levels could significantly impact profitability and asset quality.
    2. Net Interest Margin (NIM) Pressure and Interest Rate Sensitivity: First Busey's profitability is significantly influenced by its net interest margin, which is the difference between interest earned on assets (like loans) and interest paid on liabilities (like deposits). Changes in interest rates, as well as intense competition for deposits, can put downward pressure on the NIM, thereby affecting the company's net interest income and overall profitability.
    3. Integration Challenges from Acquisitions: The company's recent merger with CrossFirst Bankshares, Inc. in March 2025, presents significant integration challenges. The failure to effectively integrate the operations, risk management, compliance, and corporate culture of the acquired entity could impede the realization of expected synergies, lead to unforeseen costs, and potentially disrupt operations and client relationships.

    AI Analysis | Feedback

    Clear Emerging Threats for First Busey (BUSE):

    • Neobanks and Digital-First Lenders: Digital-only banks and specialized online lenders are attracting customers by offering streamlined experiences, lower fees, and competitive interest rates/loan terms without the overhead of physical branches. This directly challenges First Busey's core retail and commercial banking and lending operations.
    • Robo-Advisors: Automated investment and financial planning platforms provide low-cost, algorithm-driven advisory services. These services directly compete with First Busey's human-led investment management, trust, estate advisory, and financial planning offerings in the Wealth Management segment.
    • Big Tech's Expansion into Financial Services: Large technology companies (e.g., Apple, Google, Amazon) are increasingly offering financial products such as payment solutions, savings accounts, and even lending services. Leveraging their vast user bases and technological capabilities, they pose a disintermediation threat across various segments including payments (FirsTech) and core banking.

    AI Analysis | Feedback

    First Busey Corporation (symbol: BUSE) operates in several addressable markets within the United States for its main products and services:

    • Retail Banking: The United States retail banking market was valued at approximately USD 870 billion in 2025. This market is projected to grow to about USD 1.08 trillion by 2030. This segment includes services such as demand and savings deposits, consumer loans, and home equity lines of credit.
    • Commercial Banking: The addressable market for commercial banking in the U.S. is estimated at USD 732.5 billion in 2025. Projections indicate this market could reach USD 915.45 billion by 2030. First Busey offers commercial, agricultural, and real estate construction loans as part of its commercial banking services.
    • Wealth Management / Asset Management: The United States asset management market, which encompasses investment management, trust, estate advisory, financial planning, and asset management services, was valued at approximately USD 52.08 trillion in 2024. This market is expected to grow to USD 134.67 trillion by 2030.
    • Payment Technology Solutions (FirsTech): The U.S. payment processing solutions market generated a revenue of USD 16.00 billion in 2023. This market is anticipated to reach USD 36.75 billion by 2030. First Busey's FirsTech segment provides various payment solutions, including walk-in payment processing, online bill payment, and mobile bill pay.

    AI Analysis | Feedback

    First Busey (BUSE) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market dynamics: * **Integration and Expansion from the CrossFirst Bank Merger**: The successful merger with CrossFirst Bankshares, Inc. in 2024, with core systems fully converted by Q2 2025, is projected to enhance First Busey's growth profile by expanding its presence into attractive new markets and leveraging combined operations for increased earnings per share. * **Continued Growth in Wealth Management Services**: First Busey's wealth management division has demonstrated consistent strength, achieving record fee income in the fourth quarter of 2025, driven by a 4.7% increase in assets under care. The company's strategy emphasizes sustained organic growth within its diversified revenue streams, particularly within wealth management. * **Expansion of Payment Technology Solutions (FirsTech)**: The FirsTech segment, which provides payment technology solutions, is a key component of First Busey's diversified revenue streams and is anticipated to contribute to future growth. * **Net Interest Margin (NIM) Expansion**: Following the CrossFirst acquisition, First Busey has demonstrated a strong net interest margin, reaching its highest level in six years. Management has projected further NIM expansion in the second quarter of 2025, which will directly boost net interest income. * **Strategic Regional Expansion**: Beyond specific acquisitions, First Busey's overall investment case highlights its disciplined growth strategy and market presence in high-growth regions, positioning the company for continued organic and inorganic expansion.

    AI Analysis | Feedback

    Share Repurchases

    • First Busey expanded its share repurchase program by 4,000,000 shares on December 4, 2025, allowing for the repurchase of up to 5,454,275 shares with no expiration date.
    • The company completed a multi-year share repurchase program by January 2026, which involved retiring 6,810,492 shares for a total of US$160,130,000.
    • During the second quarter of 2025, Busey purchased 1,012,000 shares of its common stock for $21.7 million, and as of June 30, 2025, 2,687,275 shares remained available for repurchase under the plan.

    Share Issuance

    • On May 20, 2025, First Busey completed a public offering of 8,600,000 depositary shares, representing interests in its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock, which generated approximately $207.5 million in net proceeds.
    • The net proceeds from this offering were expected to be utilized for the redemption of Busey's 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 and for general corporate purposes, including supporting the balance sheet growth of Busey Bank.

    Outbound Investments

    • First Busey Corporation completed its acquisition by merger of CrossFirst Bankshares, Inc. on March 1, 2025, a transaction that significantly expanded its asset base to approximately $20 billion.
    • In April 2024, the company acquired Merchants & Manufacturers Bank, further broadening its presence in the greater Chicagoland area.
    • Effective May 31, 2021, First Busey completed the acquisition of Cummins-American Corp., the holding company for Glenview State Bank, which expanded its combined assets to approximately $12.3 billion.

    Peer Outperformance in Regional Banks

    BUSE has trailed 67% of its 261 Regional Banks peers over 5Y. Among the peers that beat it is AX. Regional Banks ranks 8th of 18 industries in Financials by median 5Y return.
    Share of Regional Banks constituents that BUSE has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
    1Y
    52%
    of 281 industry peers · 30.4% return
    3Y
    23%
    of 272 industry peers · 64.7% return
    5Y
    33%
    of 261 industry peers · 28.1% return
    Regional Banks peers with revenue growth within 4pp of BUSE's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
    Ticker Name Rev Growth 3Y Avg P/E 1Y3Y5Y 5Y Gap
    BUSE First Busey 21.3% 10.4x 30.4%64.7%28.1% —
    AX Axos Financial 18.0% 10.6x 12.0%153.2%54.2% +26pp
    Price returns, excluding dividends. P/E shown for context only and not used for matching.
    Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is BUSE's own industry. Use this to see which corners of the sector have carried the returns.
    Industry Names 1Y med3Y med5Y med Top 3 by 5Y
    Reinsurance 6 33.6%69.0%118.3% SPNT 191% · RGA 170% · RNR 135%
    Diversified Banks 12 31.0%143.6%92.5% CM 148% · JPM 132% · RY 130%
    Investment Banking & Brokerage 13 -3.3%95.3%89.6% IBKR 363% · SNEX 173% · GS 160%
    Life & Health Insurance 20 11.8%56.7%84.2% JXN 438% · UNM 259% · FG 230%
    Multi-Sector Holdings 3 10.7%60.4%72.2% BRK-B 107% · VOYA 72% · JEF 36%
    Property & Casualty Insurance 42 14.3%73.2%66.0% TRV 178% · ACGL 177% · PGR 172%
    Multi-line Insurance 9 9.8%75.3%61.9% AIZ 119% · GNW 101% · L 97%
    Regional Banks ← 262 29.9%93.8%48.9% CBC 278% · FCNCA 179% · NIC 140%
    Insurance Brokers 15 3.8%9.1%27.2% LIFE 336% · ARX 89% · WTW 55%
    Financial Exchanges & Data 15 17.7%33.3%17.9% CBOE 205% · VIRT 156% · CME 75%
    Asset Management & Custody Banks 84 -6.1%20.5%11.1% VCTR 268% · WT 242% · AAMI 221%
    Diversified Financial Services 4 -6.9%19.3%9.0% FRHC 137% · EQH 83%
    Commercial & Residential Mortgage Finance 14 -44.9%15.6%0.9% FNMA 343% · FMCC 296% · ACT 164%
    Consumer Finance 30 -0.5%79.8%0.1% ENVA 314% · FCFS 127% · AXP 90%
    Specialized Finance 3 16.8%27.8%-19.0% HASI -19% · CACC -24%
    Transaction & Payment Processing Services 17 19.1%9.8%-25.8% V 110% · CPAY 93% · MA 92%
    Mortgage REITs 34 -20.2%-11.1%-41.0% RITM 34% · DX 14% · AGNC 7%
    Diversified Capital Markets 19 -40.7%-3.9%-60.4% LPLA 87% · TW 40% · RIOT -54%
    Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.

    Latest Trefis Analyses

    Recent Active Movers

    Top Gainers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    XERSXeris Biopharma2.957.9%110.4%
    FLYFirefly Aerospace4.355.1%19.0%
    APPAppLovin135.948.9%-39.9%
    DCTHDelcath Systems0.846.9%115.5%
    AOSLAlpha & Omega Semiconductor0.945.8%55.8%
    ONTOnterris0.845.5%-5.5%
    FRVOFervo Energy2.045.4%-64.6%
    BKSYBlackSky Technology0.943.7%28.5%
    WRBYWarby Parker3.741.6%38.4%
    ARDTArdent Health2.640.0%106.0%

    Top Losers

    TickerCompanyMkt Cap (B)1W RtnYTD Rtn
    VCYTVeracyte2.0-52.2%-40.4%
    MNTNMNTN0.4-52.0%-58.3%
    STLNStarling Oncology0.4-39.5%-18.8%
    PAYSPaySign0.5-38.0%84.1%
    PRAAPRA0.5-36.2%-27.2%
    NRDSNerdwallet0.5-34.8%-43.2%
    NAVINavient0.6-34.7%-51.8%
    IRTCiRhythm2.9-33.8%-50.0%
    EMATEvolution Metals & Technologies0.8-33.8%-94.2%
    AGNTAGNT0.5-33.4%-67.6%

    Top Gainers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    LQDALiquidia4.9105.9%60.1%
    SGRYSurgery Partners3.483.2%72.6%
    REPLReplimune2.379.9%124.1%
    GDYNGrid Dynamics1.177.8%53.2%
    ONTOnterris0.876.7%-5.5%
    ULHUniversal Logistics0.874.8%104.0%
    VRDNViridian Therapeutics3.471.5%0.4%
    XNCRXencor3.069.9%161.1%
    UPBDUpbound1.564.0%54.0%
    AXGNAxogen3.262.1%79.1%

    Top Losers

    TickerCompanyMkt Cap (B)1M RtnYTD Rtn
    AESIAtlas Energy Solutions0.7-52.9%-40.8%
    FRMIFermi1.2-51.3%-77.4%
    MNTNMNTN0.4-49.1%-58.3%
    IOVAIovance Biotherapeutics3.6-44.2%196.3%
    MPTMedical Properties Trust1.1-43.1%-62.2%
    AAOIApplied Optoelectronics4.6-42.9%60.2%
    PCTPureCycle Technologies0.4-41.9%-76.7%
    VCYTVeracyte2.0-41.8%-40.4%
    SGMLSigma Lithium0.6-40.7%-60.9%
    BXBLBOXABL5.9-39.5%-80.0%

    More From Trefis

    Research & Analysis

    Invest in Strategies

    Wealth Management

    Peer Comparisons

    Peers to compare with:

    Financials

    BUSEEFSCCBSHUMBFASBONBMedian
    NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
    Mkt Price28.9562.5355.88134.1830.8525.2543.37
    Mkt Cap2.42.37.910.25.89.66.8
    Rev LTM7876261,9502,7901,6812,8311,815
    Op Inc LTM-------
    FCF LTM2232351,2811,142852980916
    FCF 3Y Avg182231753770601711656
    CFO LTM2362431,3541,1878901,025957
    CFO 3Y Avg194240810806644747696

    Growth & Margins

    BUSEEFSCCBSHUMBFASBONBMedian
    NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
    Rev Chg LTM23.7%5.6%12.2%29.2%45.8%21.8%22.7%
    Rev Chg 3Y Avg21.3%4.8%7.2%29.5%11.3%14.4%12.8%
    Rev Chg Q-1.4%-9.7%11.0%15.3%20.1%1.1%6.1%
    QoQ Delta Rev Chg LTM-0.4%-2.7%2.6%3.5%4.8%0.3%1.4%
    Op Inc Chg LTM-------
    Op Inc Chg 3Y Avg-------
    Op Mgn LTM-------
    Op Mgn 3Y Avg-------
    QoQ Delta Op Mgn LTM-------
    CFO/Rev LTM30.0%38.8%69.4%42.5%53.0%36.2%40.7%
    CFO/Rev 3Y Avg31.7%41.6%44.8%36.3%48.5%31.2%39.0%
    FCF/Rev LTM28.4%37.6%65.7%40.9%50.7%34.6%39.3%
    FCF/Rev 3Y Avg29.8%40.0%41.5%34.7%45.0%29.6%37.4%

    Valuation

    BUSEEFSCCBSHUMBFASBONBMedian
    NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
    Mkt Cap2.42.37.910.25.89.66.8
    P/S3.03.64.13.73.43.43.5
    P/Op Inc-------
    P/EBIT-------
    P/E10.412.013.39.910.910.010.7
    P/CFO10.19.35.98.66.59.38.9
    Total Yield14.1%10.5%9.5%11.7%12.1%12.5%11.9%
    Dividend Yield4.5%2.2%2.0%1.6%3.0%2.5%2.3%
    FCF Yield 3Y Avg9.3%11.3%9.4%9.2%13.7%8.7%9.4%
    D/E0.10.20.00.00.80.70.1
    Net D/E-1.4-1.0-0.6-0.6-0.60.5-0.6

    Returns

    BUSEEFSCCBSHUMBFASBONBMedian
    NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
    1M Rtn-0.0%5.1%2.4%2.2%7.0%1.8%2.3%
    3M Rtn-6.6%-5.5%-6.0%-9.9%-3.2%-6.2%-6.1%
    6M Rtn13.6%8.1%12.2%6.9%14.3%9.0%10.6%
    12M Rtn30.5%19.8%10.3%24.0%25.1%23.3%23.6%
    3Y Rtn64.8%84.8%44.0%111.4%104.1%97.0%90.9%
    1M Excs Rtn3.9%9.4%6.6%6.7%11.7%6.2%6.7%
    3M Excs Rtn-2.8%-1.8%-2.9%-7.2%0.2%-2.6%-2.7%
    6M Excs Rtn12.6%7.1%11.1%5.9%13.3%8.0%9.6%
    12M Excs Rtn21.0%9.5%0.7%13.4%14.5%12.9%13.2%
    3Y Excs Rtn-15.2%9.0%-30.9%33.8%26.3%17.8%13.4%

    Comparison Analyses

    null

    FDIC Bank Data

    Bank Assets

    FDIC Data As Of3312020
    ASSETS 
    Cash Balance ($ Bil)0
    Securities ($ Bil)2
    Net Loans ($ Bil)7
    Trading Assets ($ Bil)0
    Bank Premises Assets ($ Bil)0
    Other Real Estate Owned ($ Bil)0
    Goodwill & Intangibles ($ Bil)0
    Other Assets ($ Bil)0
    Total Assets (Sum) ($ Bil)10
    Total Assets (Reported) ($ Bil)10
    Risk Weighted Assets ($ Bil)8
    SECURITIES DETAILS 
    US Govt Securities ($ Bil)1
    Equity Securities Not Held for Trading ($ Bil)0
    Total Debt Securities ($ Bil)2
    Mortgage-Backed Securities ($ Bil)1
    SECURITIES VALUATION 
    Securities Held to Maturity (Book Value) ($ Bil)0
    Securities Available for Sale (Fair Market) ($ Bil)2

    Bank Loans

    FDIC Data As Of3312020
    LOAN DETAILS 
    All Real Estate Loans ($ Bil)5
    Farm Loans ($ Bil)0
    Commercial and Industrial Loans ($ Bil)1
    Loans to Individuals (CC, revolving credit, auto, other) (non-mortgage) ($ Bil)0
    Commercial Real Estate Loans not Secured by Real Estate ($ Bil)0
    Commercial Real Estate Owner-Occupied ($ Bil)1
    Commercial Real Estate Other Non-Farm Non-Residential ($ Bil)1
    Total Net Loans ($ Bil)7

    Financials

    $ Mil | FY: 12/312026Q32026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q4
    Period End9/30/20266/30/20263/31/202612/31/20259/30/20256/30/20253/31/202512/31/20249/30/20246/30/20243/31/202412/31/2023
    Filing Date11/5/20268/6/20265/7/20262/26/202611/6/20258/5/20255/9/20252/27/202511/5/20248/6/20245/7/20242/23/2024
    Key Financials Quarterly            
    Total Revenue194197196200196198125117118116111109
    Net Income566350615747-302832272626
    EPS0.620.690.520.630.580.53-0.440.490.560.480.470.46
    Key Financials TTM            
    Total Revenue TTM787790791720636558476462454444435442
    Net Income TTM2302312151351037857114111110112123
    Growth Rates Quarterly            
    Total Revenue Growth-1.4%-0.7%57.0%71.4%65.7%70.4%12.8%7.5%8.9%9.0%-5.9%-9.6%
    Net Income Growth-2.2%33.3%266.7%116.2%78.4%73.3%-214.4%9.1%4.4%-6.8%-28.7%-25.1%
    Margins Quarterly            
    Net Income Margin28.9%32.1%25.5%30.3%29.1%23.9%-24.0%24.1%27.0%23.5%23.7%23.7%
    Cash & Debt            
    Total Cash3,5772,9492,5272,4774307961,2862,5082,3722,1152,4892,807
    Total Debt336286506323305306436314314313306336
    Net Debt / (Cash)-3,242-2,663-2,021-2,153-125-490-850-2,194-2,058-1,802-2,183-2,471
    Cash Flows Quarterly            
    Net Cash from Operations71415272625085260283746
    Total CapEx-2-2-2-6-8-3-2-2-1-2-1-3
    Free Cash from Operations69394966544675059263643
    Cash Flows TTM            
    Net Cash from Operations TTM236228236193173170149178172154165173
    Total CapEx TTM-13-19-20-20-15-8-7-6-7-9-9-10
    Free Cash from Operations TTM223209215173158162142172165146157164
    Returns to Shareholders Quarterly            
    Dividends262727272723141414141313
    Share Repurchases6064663014225-0-0-0-02
    Return on Invested Capital (ROIC) Quarterly            
    ROIC----11.8%12.1%-11.8%-----
    Return on Invested Capital (ROIC) TTM            
    ROIC TTM----5.3%5.0%5.7%-----
    Share Count            
    Basic Shares (Wtd Avg, Mil)82.584.586.788.589.189.668.557.157.056.955.455.4
    Diluted Shares (Wtd Avg, Mil)83.785.487.889.790.290.968.557.958.057.956.456.3

    Segment Financials

    Revenue by Segment
    $ Mil20252024202320222021
    Banking636391382394345
    Wealth Management7065585553
    FirsTech2223232220
    Other-8-17-21-21-14
    Total720462442450404


    Operating Income by Segment
    $ Mil1999
    Busey Bank80
    All Other18
    First Busey Trust & Investment Co2
    Total100


    Net Income by Segment
    $ Mil20252024202320222021
    Banking150117124132118
    Wealth Management2422191919
    FirsTech-2-1112
    Other-38-25-21-23-14
    Total135114123128123


    Assets by Segment
    $ Mil20252024202320222021
    Banking17,88111,85712,12512,20012,747
    Wealth Management1521261038466
    FirsTech4558524947
    Other26634-0
    Total18,10512,04712,28312,33712,860


    Price Behavior

    Price Behavior
    Market Price$28.94 
    Market Cap ($ Bil)2.4 
    First Trading Date10/06/1998 
    Distance from 52W High-7.6% 
       50 Days200 Days
    DMA Price$29.50$27.65
    DMA Trenddownup
    Distance from DMA-1.9%4.7%
     3M1YR
    Volatility17.4%21.2%
    Downside Capture28.3538.66
    Upside Capture0.1066.60
    Correlation (S&P 500)29.1%31.2%
    BUSE Betas & Captures as of 10/31/2026

     1M2M3M6M1Y3Y
    Beta-0.080.060.180.140.450.82
    Up Beta-1.27-0.790.28-0.050.530.80
    Down Beta0.400.220.14-0.130.030.80
    Up Capture-25%0%1%34%62%60%
    Bmk +ve Days12182862130427
    Stock +ve Days10192867133372
    Down Capture-19%29%39%20%52%95%
    Bmk -ve Days10253664121325
    Stock -ve Days12243659115367

    [1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
    Based On 1-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BUSE
    BUSE31.2%21.2%1.17-
    Sector ETF (XLF)12.1%15.3%0.5354.2%
    Equity (SPY)12.5%13.7%0.6030.2%
    Gold (GLD)-3.5%28.8%-0.134.8%
    Commodities (DBC)33.0%21.3%1.24-29.4%
    Real Estate (VNQ)11.7%14.2%0.5343.7%
    Bitcoin (BTCUSD)-30.9%43.5%-0.738.9%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 5-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BUSE
    BUSE5.4%27.7%0.19-
    Sector ETF (XLF)9.5%18.4%0.3764.4%
    Equity (SPY)11.8%17.3%0.5147.0%
    Gold (GLD)17.1%19.2%0.72-0.6%
    Commodities (DBC)7.9%19.6%0.292.2%
    Real Estate (VNQ)1.3%18.9%-0.0448.6%
    Bitcoin (BTCUSD)3.1%51.5%0.2418.2%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How
    Based On 10-Year Data
    Annualized
    Return    		Annualized
    Volatility    		Sharpe
    Ratio    		Correlation
    with BUSE
    BUSE6.3%31.4%0.26-
    Sector ETF (XLF)13.6%22.1%0.5574.2%
    Equity (SPY)15.5%18.0%0.7355.2%
    Gold (GLD)11.5%16.6%0.57-3.3%
    Commodities (DBC)7.4%18.2%0.3316.4%
    Real Estate (VNQ)6.1%20.7%0.2553.5%
    Bitcoin (BTCUSD)58.6%66.3%0.9915.7%

    Smart multi-asset allocation framework can stack odds in your favor. Learn How

    Short Interest

    Short Interest: As Of Date10302026
    Short Interest: Shares Quantity4.9 Mil
    Short Interest: % Change Since 10152026-11.1%
    Average Daily Volume0.9 Mil
    Days-to-Cover Short Interest5.5 days
    Basic Shares Quantity82.5 Mil
    Short % of Basic Shares5.9%

    Returns Analyses

    Earnings Returns History

    Updated 11/5/2026
    Expand for More
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/27/2026-3.1%-4.3% 
    7/28/20261.6%4.5%-0.3%
    4/28/2026-2.9%0.1%2.7%
    1/27/2026-2.6%2.8%3.6%
    10/28/2025-3.1%-2.5%2.2%
    7/22/2025-2.0%-5.7%-3.8%
    4/22/20253.3%2.0%6.2%
    1/28/20251.9%3.8%2.3%
    ...
    SUMMARY STATS   
    # Positive81316
    # Negative16117
    Median Positive1.9%2.0%4.0%
    Median Negative-2.3%-2.5%-3.8%
    Max Positive3.3%9.4%13.2%
    Max Negative-5.9%-5.7%-8.5%
     Collapse to Preview
     Forward Returns
    Earnings Date1D Returns5D Returns21D Returns
    10/27/2026-3.1%-4.3% 
    7/28/20261.6%4.5%-0.3%
    4/28/2026-2.9%0.1%2.7%
    1/27/2026-2.6%2.8%3.6%
    10/28/2025-3.1%-2.5%2.2%
    7/22/2025-2.0%-5.7%-3.8%
    4/22/20253.3%2.0%6.2%
    1/28/20251.9%3.8%2.3%
    10/22/2024-0.6%-0.2%6.6%
    7/23/2024-3.2%-1.6%-8.5%
    4/23/2024-0.6%-4.0%0.2%
    1/23/20242.0%4.3%-3.0%
    10/24/2023-1.4%6.3%13.2%
    7/25/20230.6%-1.3%-7.2%
    4/25/2023-0.8%-3.4%4.6%
    1/24/2023-5.9%-0.8%2.0%
    10/25/20223.2%9.4%8.7%
    7/26/2022-1.3%-2.0%-4.8%
    4/26/2022-0.5%0.9%0.0%
    1/25/20220.1%1.8%-3.0%
    10/26/2021-4.2%0.8%8.5%
    7/27/20211.8%1.1%3.3%
    4/27/2021-0.7%0.9%4.6%
    1/26/2021-5.9%-4.4%4.4%
    SUMMARY STATS   
    # Positive81316
    # Negative16117
    Median Positive1.9%2.0%4.0%
    Median Negative-2.3%-2.5%-3.8%
    Max Positive3.3%9.4%13.2%
    Max Negative-5.9%-5.7%-8.5%

    SEC Filings

    Expand for More
    Report DateFiling DateFiling
    09/30/202611/05/202610-Q
    06/30/202608/06/202610-Q
    03/31/202605/07/202610-Q
    12/31/202502/26/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/05/202510-Q
    03/31/202505/09/202510-Q
    12/31/202402/27/202510-K
    09/30/202411/05/202410-Q
    06/30/202408/06/202410-Q
    03/31/202405/07/202410-Q
    12/31/202302/23/202410-K
    09/30/202311/02/202310-Q
    06/30/202308/03/202310-Q
    03/31/202305/04/202310-Q
    12/31/202202/23/202310-K
     Collapse to Preview
    Report DateFiling DateFiling
    09/30/202611/05/202610-Q
    06/30/202608/06/202610-Q
    03/31/202605/07/202610-Q
    12/31/202502/26/202610-K
    09/30/202511/06/202510-Q
    06/30/202508/05/202510-Q
    03/31/202505/09/202510-Q
    12/31/202402/27/202510-K
    09/30/202411/05/202410-Q
    06/30/202408/06/202410-Q
    03/31/202405/07/202410-Q
    12/31/202302/23/202410-K
    09/30/202311/02/202310-Q
    06/30/202308/03/202310-Q
    03/31/202305/04/202310-Q
    12/31/202202/23/202310-K
    09/30/202211/03/202210-Q
    06/30/202208/04/202210-Q
    03/31/202205/05/202210-Q
    12/31/202102/24/202210-K
    09/30/202111/04/202110-Q
    06/30/202108/05/202110-Q
    03/31/202105/06/202110-Q
    12/31/202002/25/202110-K
    09/30/202011/05/202010-Q
    06/30/202008/06/202010-Q
    03/31/202005/07/202010-Q
    12/31/201902/27/202010-K

    Recent Forward Guidance

    Updated 11/2/2026

    Latest: Q3 2026 Earnings Reported 10/27/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    Q4 2026 Securities Portfolio Expected Cash FlowsReported 89.60 Mil    


    Prior: Q2 2026 Earnings Reported 7/28/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2027 Net Interest Income GrowthReported 1.8%  3.1%RaisedGuidance: -1.3% for 2027
    2026 Securities Portfolio Cash FlowsReported 171.90 Mil -43.2% LoweredGuidance: 302.50 Mil for 2026

    Q1 2026 Earnings Reported 4/28/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2027 Net Interest Income ChangeReported -0.01    
    2026 Securities Portfolio Cash FlowsReported 302.50 Mil -12.8% LoweredGuidance: 347.10 Mil for 2026

    Q4 2025 Earnings Reported 1/27/2026

    Forward GuidanceGuidance Change
    MetricSourceLowMidHigh% Chg% DeltaChangePrior
    2026 Securities Portfolio Cash FlowsReported 347.10 Mil 13.5% RaisedGuidance: 305.90 Mil for 2026
    2026 Pre-tax expense synergiesReported 25.00 Mil 0 AffirmedGuidance: 25.00 Mil for 2026
    2026 Net Interest Income sensitivityReported -0.02    

    Insider Activity

    Updated 11/3/2026
    Expand for More
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Cassens, Michael DavidDirectSell1016202629.121,44141,9623,743,988Form
    2Cassens, Michael DavidDirectSell916202630.451,44143,8783,958,865Form
    3Cassens, Michael DavidDirectSell818202631.081,44144,7864,085,559Form
    4Cassens, Michael DavidDirectSell717202629.341,44142,2793,892,626Form
    5Cassens, Michael DavidDirectSell616202628.996,278182,0023,888,024Form
     Collapse to Preview
    #OwnerTitleHoldingActionFiling DatePriceSharesTransacted
    Value    		Value of
    Held Shares    		Form
    1Cassens, Michael DavidDirectSell1016202629.121,44141,9623,743,988Form
    2Cassens, Michael DavidDirectSell916202630.451,44143,8783,958,865Form
    3Cassens, Michael DavidDirectSell818202631.081,44144,7864,085,559Form
    4Cassens, Michael DavidDirectSell717202629.341,44142,2793,892,626Form
    5Cassens, Michael DavidDirectSell616202628.996,278182,0023,888,024Form
    6Cassens, Michael DavidDirectSell518202626.1175019,5823,665,635Form
    7Bradshaw, Stanley JDirectBuy512202625.9960015,59413,147,145Form
    8Phillips, Scott AChief Accounting OfficerDirectBuy505202625.905,000129,508216,278Form
    9Cassens, Michael DavidDirectSell416202626.7575020,0623,768,754Form
    10Bradshaw, Stanley JDirectBuy323202624.004009,60012,049,944Form
    11Cassens, Michael DavidDirectSell317202624.9275018,6903,458,223Form
    12Bradshaw, Stanley JDirectBuy310202624.501,00024,50012,291,184Form
    13Cassens, Michael DavidDirectSell219202626.6175019,9583,712,707Form
    14Cassens, Michael DavidDirectSell120202624.2475018,1803,394,351Form
    15Cassens, Michael DavidDirectSell1217202525.3775019,0283,571,614Form
    16Maddox, MikePresidentSpouseBuy1205202525.521,00025,5191,027,905Form
    17Cassens, Michael DavidDirectSell1118202522.9275017,1903,243,891Form
    18Phillips, Scott ACAODirectBuy1104202525.641,35034,61060,246Form
    19Bradshaw, Stanley JDirectBuy1104202522.311,50033,47011,165,190Form

    Investor Activity (13F)

    Updated Nov 12, 2026
    13F holdings as of Mar 31, 2026 (Q1 2026)

    Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.

    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Rhino Investment Partners, Inc$12.4 Mil3.5%39ADD +101.3%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Rhino Investment Partners, Inc$12.4 Mil3.5%39ADD +101.3%13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Stieven Capital Advisors, L.P.$7.4 Mil1.4%38Exited13F
    Active ManagerValue% of PortfolioTotal PositionsQoQFiling
    Rhino Investment Partners, Inc$12.4 Mil3.5%39ADD +101.3%13F

    Industry Resources

    External Quote Links


    Prefer one of these to Trefis? Tell us why.
    Core Cache Last Updated: 11/11/2026