---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-24-000012"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2024-01-23T23:59:59+00:00"
generated_at: "2026-06-06T20:15:44.324413+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Busey Q4 net income $25.7M ($0.46 EPS) vs $34.4M YoY; acquires M&M Bank for ~$41.6M

## Summary
- Diluted EPS $0.46 GAAP, adjusted EPS $0.52; revenue $107.9M.
- Entered definitive agreement to acquire M&M Bank for ~$41.6M (71% stock, 29% cash), expected Q2 2024.
- Executed balance sheet repositioning: sold $110M securities at 1.56%, reinvested at 5.40%; annualized NII benefit ~$4.3M.
- Non-performing assets declined 34.4% to $7.9M (0.06% of assets); net charge-off ratio 0.02% annualized.
- Tangible book value per share $16.62, up 17.5% YoY; CET1 ratio 13.09%.

## SEC filing metadata
- accession: 0000314489-24-000012
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2024-01-23T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448924000012/0000314489-24-000012-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448924000012/buse-20240123.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-24-000012
- JSON: https://secwatch.observer/filing/0000314489-24-000012.json
- Plain text: https://secwatch.observer/filing/0000314489-24-000012.txt

## Key facts
- Earnings Releases
  FIRST BUSEY CORP /NV/ reported the quarter ended December 31, 2023 results: net income $25.7 million, EPS $0.46 per diluted common share.
  - Period: the quarter ended December 31, 2023
  - Net income: $25.7 million
  - EPS: $0.46 per diluted common share
  - Result: reported results
  source text: Net income for First Busey Corporation (“Busey,” “Company,” “we,” “us,” or “our”) was $25.7 million for the fourth quarter of 2023, or $0.46 per diluted common share
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448924000012/0000314489-24-000012-index.htm

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