secwatch.observer — SEC 8-K summary
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Issuer:     FIRST BUSEY CORP /NV/ (BUSE)
CIK:        0000314489
Form:       8-K
Filed at:   2024-07-23T23:59:59+00:00
Accession:  0000314489-24-000189
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Busey Q2 net income $27.4M, adj. EPS $0.50; NIM expands to 3.03%
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- Diluted EPS $0.47 GAAP ($0.50 adjusted); net income $27.4M, up from $26.2M in Q1 but down from $29.4M a year ago.
- Net interest margin improved 24 bps to 3.03% on tax-equiv basis; core deposits 96.4% of total deposits.
- Wealth management fees $15.9M and FirsTech $5.9M — both record quarterly revenue.
- Completed M&M acquisition April 1; integrated June 21; added $418.7M loans and $392.8M deposits at fair value.
- Tangible book value $16.97 (+11.3% YoY); CET1 ratio 13.19%; common dividend $0.24/share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/314489/000031448924000189/0000314489-24-000189-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/314489/000031448924000189/buse-20240723.htm
  HTML page:      https://secwatch.observer/filing/0000314489-24-000189

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