First Busey reports Q2 net income $47.4M; faces $28M+ Illinois franchise tax dispute

FIRST BUSEY CORP /NV/

Diluted EPS $0.52; adjusted EPS $0.63; net interest margin 3.49% (adj 3.33%).
Completed bank merger and data conversion with CrossFirst Bank during quarter.
Illinois Secretary of State preliminarily estimates >$28M due in franchise taxes, interest & penalties; Busey disputes.
Loss not accrued; reasonably possible and could be material if recognized in future periods.

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