---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-24-000121"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2024-04-23T23:59:59+00:00"
generated_at: "2026-06-03T12:37:01.381189+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Busey Q1 EPS $0.46, NIM 2.79%, completes M&M acquisition, tangible book up 11% YoY

## Summary
- Net income $26.2M ($0.46 diluted EPS); adjusted $26.5M ($0.47 EPS).
- Net interest margin 2.79%, up 5 bps QoQ; balance sheet repositioning expected to add ~$3.3M annualized NII.
- Completed acquisition of Merchants & Manufacturers Bank on April 1, 2024; issued ~1.43M shares and $12.2M cash.
- Tangible book value per share $16.84 (+11.2% YoY); CET1 ratio 13.45%; dividend $0.24/ share unchanged.
- Non-performing assets $17.6M (0.15% of assets); provision $5.0M, net charge-offs $5.2M from one commercial credit.

## SEC filing metadata
- accession: 0000314489-24-000121
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2024-04-23T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448924000121/0000314489-24-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448924000121/buse-20240423.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-24-000121
- JSON: https://secwatch.observer/filing/0000314489-24-000121.json
- Plain text: https://secwatch.observer/filing/0000314489-24-000121.txt

## Key facts
- Earnings Releases
  FIRST BUSEY CORP /NV/ reported first quarter of 2024 results: net income $26.2 million, EPS $0.46.
  - Period: first quarter of 2024
  - Net income: $26.2 million
  - EPS: $0.46
  - Result: reported results
  source text: Net income for First Busey Corporation (“Busey,” “Company,” “we,” “us,” or “our”) was $26.2 million for the first quarter of 2024, or $0.46 per diluted common share, compared to $25.7 million, or $0.46 per diluted common share, for the fourth quarter of 2023, and $36.8 million, or $0.65 per diluted common share, for the first quarter of 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/314489/000031448924000121/0000314489-24-000121-index.htm

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