secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2023-10-24T23:59:59+00:00
Accession:  0000314489-23-000149
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/0000314489-23-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448923000149/buse-20231023.htm
  HTML page:      https://secwatch.observer/filing/0000314489-23-000149

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