secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0000314489-24-000155
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Busey updates at investor conferences with Q1 2024 metrics; M&M acquisition closed
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- Total assets $11.9B, loans $7.6B, deposits $10.0B, wealth AUC $12.8B (+13.9% YoY) as of 3/31/24.
- NIM 2.79% in Q1 2024, inflecting higher; net new loan funding yield 7.91%.
- Wealth segment Q1 revenue $15.7M (second-best quarterly); FirsTech Q1 revenue $6.0M (record).
- M&M Bank Corp acquisition closed 4/1/24, adding ~$0.5B assets; bank merger expected June 2024.
- Capital strong: CET1 13.4%, total RBC 17.9%; TBV per share $16.84, up 11.2% YoY.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448924000155/0000314489-24-000155-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448924000155/buse-20240507.htm
  HTML page:      https://secwatch.observer/filing/0000314489-24-000155

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