secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2023-07-25T23:59:59+00:00
Accession:  0000314489-23-000080
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448923000080/0000314489-23-000080-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448923000080/buse-20230725.htm
  HTML page:      https://secwatch.observer/filing/0000314489-23-000080

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