---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-23-000006"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2023-01-24T23:59:59+00:00"
generated_at: "2026-06-20T11:06:41.994732+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# First Busey Q4 net income $34.4M ($0.61 EPS); adjusted EPS $0.65; NIM 3.24%

## Summary
- GAAP net income $34.4M ($0.61 diluted EPS); adjusted net income $36.3M ($0.65 diluted EPS).
- Net interest margin expanded 24 bps QoQ to 3.24%, driven by higher loan yields and deposit repricing.
- Core loan growth of $56.2M (2.90% annualized); non-performing assets at 0.13% of total assets.
- FirsTech revenue grew 9.2% YoY to $5.4M; Durbin Amendment reduced debit card fee income by $2.4M.
- Efficiency optimization plan targets $4.0-4.1M annual salary savings; FirsTech CEO replaced by Robin Elliott.

## SEC filing metadata
- accession: 0000314489-23-000006
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2023-01-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448923000006/0000314489-23-000006-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448923000006/buse-20230124.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-23-000006
- JSON: https://secwatch.observer/filing/0000314489-23-000006.json
- Plain text: https://secwatch.observer/filing/0000314489-23-000006.txt

## Key facts
- Earnings Releases
  FIRST BUSEY CORP /NV/ reported the quarter ended December 31, 2022 results: net income $34.4 million, EPS $0.61 per diluted common share.
  - Period: the quarter ended December 31, 2022
  - Net income: $34.4 million
  - EPS: $0.61 per diluted common share
  - Result: reported results
  source text: Net income for First Busey Corporation ("First Busey" or the "Company") for the fourth quarter of 2022 was $34.4 million, or $0.61 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000006/0000314489-23-000006-index.htm
- Earnings Releases
  FIRST BUSEY CORP /NV/ reported for the full year 2022 results: net income $128.3 million, EPS $2.29 per diluted common share.
  - Period: for the full year 2022
  - Net income: $128.3 million
  - EPS: $2.29 per diluted common share
  - Result: reported results
  source text: Net income and adjusted net income 3 were $128.3 million, or $2.29 per diluted common share, and $131.9 million, or $2.35 per diluted common share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000006/0000314489-23-000006-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.