BUSE

EX-99.1

2 buse_20261027x26q3xex991.htm

EX-99.1

Document

F I R S T   B U S E Y   C O R P O R A T I O N

A N N O U N C E S

2 0 2 6

T H I R D

Q U A R T E R

E A R N I N G S

Q 3  |  2 0 2 6

www.busey.com

INVESTOR CONTACT: Tate McKay, Director of Investor Relations and Corporate Development | 217-351-6709

LEAWOOD, KS, October 27, 2026 (GLOBE NEWSWIRE) – First Busey Corporation (Nasdaq: BUSE) Announces 2026 Third Quarter Earnings.

Net Income

Diluted EPS

Net Interest Margin1

ROAA1

ROATCE1

$55.8 million

$57.2 million (adj)2

$0.61

$0.63 (adj)2

3.58%2

3.46% (adj)2

1.20%2

1.23% (adj)2

12.93%2

13.25% (adj)2

MESSAGE FROM OUR CHAIRMAN, PRESIDENT & CEO

Busey reported adjusted diluted EPS2 of $0.63. Results were impacted by a single commercial relationship in the Central region that incurred a partial charge-off and moved to non-accrual this quarter. Quarterly provision expense increased to $9.6 million, compared to $2.2 million in the prior quarter, primarily as a result of this credit.

Excluding this relationship, underlying trends for the quarter remained solid. Operating revenue2 was stable at $194.3 million, supported by growth in net interest income. Wealth management revenue increased 15.5% from the prior year. We also maintained strong expense discipline, producing an efficiency ratio2 of 54.4%.

Deposit growth remained a highlight, increasing at an annualized rate of 11% for the second consecutive quarter as we continued to add relationships and deepen client primacy across our markets. As anticipated, loan balances declined during the quarter, including the repositioning of approximately $65 million of lender finance loans to held for sale as part of our ongoing portfolio management efforts. The loan-to-deposit ratio improved to 82.5% from 87.2% last quarter.

Capital remained strong with Common Equity Tier 1 Capital to Risk Weighted Assets3 rising to 12.5% (compared to 12.3% a year ago), even after $188.4 million in year-to-date share repurchases, including $59.6 million this quarter.

As we enter the final quarter of 2026, we remain well positioned with an indomitable balance sheet, ample liquidity, and significant capital flexibility. While macroeconomic uncertainty persists, we are confident in our ability to navigate a range of operating environments while continuing to support our clients and create long-term value for our shareholders.

Van A. Dukeman

Chairman, President and CEO of First Busey Corporation

FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited)

Three Months EndedNine Months Ended

(dollars in thousands, except per share amounts)September 30, 2026June 30, 2026 September 30, 2025 September 30, 2026September 30, 2025

Total interest income $232,571 $224,425 $244,505 $682,481 $658,766

Total interest expense 79,426 72,023 89,368 222,965 246,715

Net interest income 153,145 152,402 155,137 459,516 412,051

Provision for credit losses 9,642 2,189 (985)14,889 50,308

Net interest income after provision for credit losses 143,503 150,213 156,122 444,627 361,743

Total noninterest income 40,402 44,311 41,198 126,978 107,284

Total noninterest expense 111,398 112,635 120,018 353,552 359,881

Income before income taxes 72,507 81,889 77,302 218,053 109,146

Income taxes 16,662 18,713 20,204 49,051 34,634

Net income 55,845 63,176 57,098 169,002 74,512

Dividends on preferred stock4,589 4,590 5,131 13,768 5,286

Net income available to common stockholders$51,256 $58,586 $51,967 $155,234 $69,226

Basic earnings per common share $0.62 $0.69 $0.58 $1.84 $0.84

Diluted earnings per common share $0.61 $0.69 $0.58 $1.81 $0.83

Effective income tax rate 22.98 %22.85 %26.14 %22.49 %31.73 %

First Busey Corporation (BUSE) | 2026 Q3 — 1

Third quarter 2026 net income for First Busey Corporation, together with its consolidated subsidiaries (“Busey,” “we,” “us,” or “our”) was $55.8 million, or $0.61 per diluted common share, compared to net income of $63.2 million, or $0.69 per diluted common share, for the second quarter of 2026, and $57.1 million, or $0.58 per diluted common share, for the third quarter of 2025. Annualized return on average assets2 and annualized return on average tangible common equity2 were 1.20% and 12.93%, respectively, for the third quarter of 2026.

Pre-provision net revenue2 was $82.9 million for the third quarter of 2026, compared to $81.6 million for the second quarter of 2026 and $76.6 million for the third quarter of 2025. Pre-provision net revenue to average assets2 was 1.78% for the third quarter of 2026, compared to 1.83% for the second quarter of 2026, and 1.63% for the third quarter of 2025.

Adjusted Financial Results

Busey views certain non-operating items, including acquisition-related expenses, restructuring charges, and nonrecurring strategic events, as adjustments to net income reported under U.S. generally accepted accounting principles ("GAAP"). We also adjust for net securities gains and losses to align with industry and rese

SEC.gov | Request Rate Threshold Exceeded

U.S. Securities and Exchange Commission

You’ve Exceeded the SEC’s Traffic Limit

Your request rate has exceeded the SEC’s maximum allowable requests per second. Your access to SEC.gov will be limited for 10 minutes.

Current guidelines limit each user to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests. To ensure that SEC.gov remains available to all users, we reserve the right to block IP addresses that submit excessive requests.

The block will be lifted automatically by waiting 10 minutes. Continuing to exceed the SEC’s maximum allowable request rate during the time-out period will extend the duration of the time-out period. To ensure fair access for all users, please reduce the rate of your requests and visit SEC.gov again after the 10 minute time-out period has passed.

For best practices on efficiently downloading information from SEC.gov, including the latest EDGAR filings, visit sec.gov/developer. You can also sign up for email updates on the SEC open data program, including best practices that make it more efficient to download data, and SEC.gov enhancements that may impact scripted downloading processes. For more information, contact opendata@sec.gov.

For more information, please see the SEC’s Web Site Privacy and Security Policy. Thank you for your interest in the U.S. Securities and Exchange Commission.

Reference ID: 0.e618d017.1785761516.4d5113e2

More Information

Internet Security Policy

By using this site, you are agreeing to security monitoring and auditing. For security purposes, and to ensure that the public service remains available to users, this government computer system employs programs to monitor network traffic to identify unauthorized attempts to upload or change information or to otherwise cause damage, including attempts to deny service to users.

Unauthorized attempts to upload information and/or change information on any portion of this site are strictly prohibited and are subject to prosecution under the Computer Fraud and Abuse Act of 1986 and the National Information Infrastructure Protection Act of 1996 (see Title 18 U.S.C. §§ 1001 and 1030).

To ensure our website performs well for all users, the SEC monitors the frequency of requests for SEC.gov content to ensure automated searches do not impact the ability of others to access SEC.gov content. We reserve the right to block IP addresses that submit excessive requests. Current guidelines limit users to a total of no more than 10 requests per second, regardless of the number of machines used to submit requests.

If a user or application submits more than 10 requests per second, further requests from the IP address(es) may be limited for a brief period. Once the rate of requests has dropped below the threshold for 10 minutes, the user may resume accessing content on SEC.gov. This SEC practice is designed to limit excessive automated searches on SEC.gov and is not intended or expected to impact individuals browsing the SEC.gov website.

Note that this policy may change as the SEC manages SEC.gov to ensure that the website performs efficiently and remains available to all users.

Note: We do not offer technical support for developing or debugging scripted downloading processes.

EX-99.1

2 buse_20260428x26q1xex991.htm

EX-99.1

Document

F I R S T   B U S E Y   C O R P O R A T I O N

A N N O U N C E S

2 0 2 6

F I R S T

Q U A R T E R

E A R N I N G S

Q 1  |  2 0 2 6

www.busey.com

INVESTOR CONTACT: Christopher H.M. Chan, Chief Financial Officer | 913-647-9825

LEAWOOD, KS, April 28, 2026 (GLOBE NEWSWIRE) – First Busey Corporation (Nasdaq: BUSE) Announces 2026 First Quarter Earnings.

Net Income

Diluted EPS

Net Interest Margin1

ROAA1

ROATCE1

$50.0 million

$63.2 million (adj)2

$0.52

$0.67 (adj)2

3.77%2

3.64% (adj)2

1.12%2

1.42% (adj)2

11.10%2

14.12% (adj)2

MESSAGE FROM OUR CHAIRMAN, PRESIDENT & CEO

CONTENTS

Busey posted strong results this quarter with adjusted diluted EPS of $0.67, up 17.5% year-over-year, and continued strong profitability as adjusted return on average assets2 improved by 33 basis points to 1.42% and adjusted ROATCE improved by 287 basis points to 14.12%. Net interest margin2 continued its expansion, up 6 basis points quarter-over-quarter, to 3.77%. Wealth management fee income had another record quarter, with net inflows offsetting lower market valuations and sustaining relatively stable assets under care. Expenses remained well controlled as we identified, and executed on, additional synergies related to the CrossFirst acquisition, with the efficiency ratio improving 390 basis points from last year, to 54.8%. Capital remained strong with Common Equity Tier 1 Capital to Risk Weighted Assets3 at 12.31%, even after significant share repurchases of $65.6 million during the quarter. Tangible book value per common share2 grew 8.2% year-over-year to $20.14. As expected, loan and deposit balances were down seasonally. Credit remained strong with non-performing assets down 14.0% quarter-over-quarter and the ratio of allowance to loans was stable at 1.26%. As we look ahead to the rest of the year, we have significant momentum with the addition of talent to the organization, and new business pipelines are building. With robust capital and ample liquidity, Busey remains well positioned to drive meaningful value for our associates, clients, communities, and shareholders in this volatile macro environment.

Van A. Dukeman

Chairman, President and CEO of First Busey Corporation

Financial Results

1

Balance Sheet Strength

7

Corporate Profile

11

Non-GAAP Financial Information

13

Forward-Looking Statements

18

End Notes

19

FINANCIAL RESULTS

First quarter 2026 net income for First Busey Corporation, together with its consolidated subsidiaries (“Busey,” the “Company,” “we,” “us,”, or “our”) was $50.0 million, or $0.52 per diluted common share, compared to net income of $60.8 million, or $0.63 per diluted common share, for the fourth quarter of 2025, and a net loss of $(30.0) million, or $(0.44) per diluted common share, for the first quarter of 2025. Annualized return on average assets2 and annualized return on average tangible common equity2 were 1.12% and 11.10%, respectively, for the first quarter of 2026. During the first quarter of 2026, salaries, wages, and employee benefits expenses were elevated as Busey identified, and executed on, additional synergies related to the CrossFirst Bankshares, Inc. (“CrossFirst”) acquisition and also due to the previously announced departure of Michael J. Maddox.

Adjusted net income available to common stockholders,2 which excludes the impact of non-GAAP adjustments, was $58.6 million, or $0.67 per diluted common share, for the first quarter of 2026, compared to $60.6 million, or $0.68 per diluted common share, for the fourth quarter of 2025 and $39.9 million, or $0.57 per diluted common share, for the first quarter of 2025. Annualized adjusted return on average assets2 and annualized adjusted return on average tangible common equity2 were 1.42% and 14.12%, respectively, for the first quarter of 2026.

Pre-provision net revenue2 was $67.7 million for the first quarter of 2026, compared to $80.6 million for the fourth quarter of 2025 and $28.7 million for the first quarter of 2025. Pre-provision net revenue to average assets2 was 1.52% for the first quarter of 2026, compared to 1.75% for the fourth quarter of 2025, and 0.78% for the first quarter of 2025.

Adjusted pre-provision net revenue2 was $84.4 million for the first quarter of 2026, compared to $85.4 million for the fourth quarter of 2025 and $54.7 million for the first quarter of 2025. Adjusted pre-provision net revenue to average assets2 was 1.89% for the first quarter of 2026, compared to 1.85% for the fourth quarter of 2025 and 1.50% for the first quarter of 2025.

First Busey Corporation (BUSE) | 2026 Q1 — 1

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (unaudited)

Three Months Ended

(dollars in thousands, except per share amounts)March 31, 2026December 31, 2025 March 31, 2025(i)

Total interest income $225,485 $235,094 $166,815

Total interest expense 71,516 77,536 63,084

Net interest income 153,969 157,558 103,731

Provision for credit losses 3,058 2