---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-23-000149"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2023-10-24T23:59:59+00:00"
generated_at: "2026-06-09T14:55:12.662672+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Busey Q3 net income $30.7M, EPS $0.54; CEO Robin Elliott departs, Van Dukeman takes over bank role

## Summary
- Net income $30.7M ($0.54 diluted EPS) vs $29.4M ($0.52) in Q2 2023 and $35.7M ($0.64) in Q3 2022.
- Total deposits rose $269.6M to $10.33B; short-term borrowings cut to $12M from $212M in Q2.
- Non-performing assets fell 23.6% to $12.1M (0.10% of assets); classified assets down to $59.6M.
- Robin Elliott left as President/CEO of Busey Bank and CEO of FirsTech; Van Dukeman appointed Bank President/CEO.
- Elliott to receive severance plus $1,007,526 for forfeited RSUs, paid over one year starting March 2024.

## SEC filing metadata
- accession: 0000314489-23-000149
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2023-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/buse-20231023.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-23-000149
- JSON: https://secwatch.observer/filing/0000314489-23-000149.json
- Plain text: https://secwatch.observer/filing/0000314489-23-000149.txt

## Key facts
- Earnings Releases
  FIRST BUSEY CORP /NV/ reported Q3 2023 results: net income 30.9 million, EPS $0.55.
  - Period: Q3 2023
  - Net income: 30.9 million
  - EPS: $0.55
  - Result: reported results
  source text: Net income excluding net securities losses 1 for the third quarter of 2023 would have been $30.9 million, resulting in adjusted diluted EPS excluding net securities gains and losses 1 of $0.55.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm
- Executive change
  Robin N. Elliott departed as President and Chief Executive Officer of Busey Bank at FIRST BUSEY CORP /NV/.
  - Action: departed
  - Role: President and Chief Executive Officer of Busey Bank
  source text: Robin N. Elliott, a named executive officer of the Company, has departed from his role as President and Chief Executive Officer of Busey Bank (the “Bank”) and his role as Chairman and Chief Executive Officer of FirsTech, Inc. (“FirsTech”), effective October 23, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm
- Executive change
  Van A. Dukeman was appointed as President and Chief Executive Officer of Busey Bank at FIRST BUSEY CORP /NV/.
  - Action: appointed
  - Role: President and Chief Executive Officer of Busey Bank
  source text: Van A. Dukeman has been appointed, effective October 23, 2023, President and Chief Executive Officer of the Bank in addition to his current role as Chairman of the Bank and Chairman, President, and Chief Executive Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm
- Executive change
  Humair Ghauri was appointed as Chief Executive Officer of FirsTech at FIRST BUSEY CORP /NV/.
  - Action: appointed
  - Role: Chief Executive Officer of FirsTech
  source text: Humair Ghauri has been appointed Chief Executive Officer of FirsTech in addition to his current role as President of FirsTech.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm
- Executive change
  Amy L. Randolph was appointed as Executive Vice President, Chief Operating Officer at FIRST BUSEY CORP /NV/.
  - Action: appointed
  - Role: Executive Vice President, Chief Operating Officer
  source text: Effective October 23, 2023, Amy L. Randolph, a named executive officer of the Company, was appointed Executive Vice President, Chief Operating Officer of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm

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