---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-23-000080"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:29:42.355229+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# First Busey Q2 net income $29.4M, EPS $0.52; NIM compresses to 2.86%, deposits up $261.6M

## Summary
- Diluted EPS $0.52 vs $0.65 in Q1; adjusted EPS excluding securities losses $0.55.
- Net interest margin fell 27bps to 2.86% as deposit costs rose 49bps to 1.09%.
- Total deposits grew $261.6M QoQ to $10.06B; short-term borrowings cut to $212M from $616M.
- Classified assets declined to $81.9M, down $22M QoQ; non-performers remain low at 0.13% of assets.
- Loan growth slowed to $21.5M in Q2; management expects further deceleration due to cautious outlook.

## SEC filing metadata
- accession: 0000314489-23-000080
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448923000080/0000314489-23-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448923000080/buse-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-23-000080
- JSON: https://secwatch.observer/filing/0000314489-23-000080.json
- Plain text: https://secwatch.observer/filing/0000314489-23-000080.txt

## Key facts
- Earnings Releases
  FIRST BUSEY CORP /NV/ reported the quarter ended June 30, 2023 results: net income $29.4 million, EPS $0.52 per diluted common share.
  - Period: the quarter ended June 30, 2023
  - Net income: $29.4 million
  - EPS: $0.52 per diluted common share
  - Result: reported results
  source text: Net income for First Busey Corporation (“First Busey” or the “Company”) was $29.4 million for the second quarter of 2023, or $0.52 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000080/0000314489-23-000080-index.htm

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