---
schema_version: "secwatch.filing_event.v1"
accession: "0000314489-25-000242"
form_type: "8-K"
ticker: "BUSE"
cik: "0000314489"
company_name: "FIRST BUSEY CORP /NV/"
filed_at: "2025-07-22T23:59:59+00:00"
generated_at: "2026-05-18T04:38:32.752964+00:00"
event_type: "regulatory"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000314489-25-000242
- form_type: 8-K
- ticker: BUSE
- cik: 0000314489
- company_name: FIRST BUSEY CORP /NV/
- filed_at: 2025-07-22T23:59:59+00:00
- event_type: regulatory
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/314489/000031448925000242/0000314489-25-000242-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/314489/000031448925000242/buse-20250722.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000314489-25-000242
- JSON: https://secwatch.observer/filing/0000314489-25-000242.json
- Plain text: https://secwatch.observer/filing/0000314489-25-000242.txt

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