secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0000314489-23-000018
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Busey Q1 net income $36.8M, EPS $0.65; raises dividend to $0.24
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- EPS of $0.65, up 27.5% YoY; net income $36.8M vs $28.4M in Q1 2022.
- Core loan growth of $58.2M (3.10% annualized); core deposits 97.9% of total deposits.
- Non-performing assets remain low at 0.13% of total assets; allowance coverage 602.91% of NPLs.
- Quarterly dividend increased to $0.24 per share from $0.23.
- Deposit base stable during March stress; net outflows of only $22.3M from March 8-31.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448923000018/0000314489-23-000018-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448923000018/buse-20230425.htm
  HTML page:      https://secwatch.observer/filing/0000314489-23-000018

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer