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AI brief of an SEC Form 8-K · FIRST BUSEY CORP /NV/ (BUSE)

First Busey Q3 net income falls to $55.8 million on $9.6 million credit provision

Negative Impact 3 of 5 earnings Written later

First Busey reported third-quarter 2026 net income of $55.8 million, or $0.61 per diluted share, down from $63.2 million, or $0.69, in the second quarter and $57.1 million, or $0.58, a year earlier. Adjusted diluted EPS was $0.63, compared with $0.69 in the prior quarter and $0.64 a year earlier, as a single commercial relationship in the Central region drove a higher provision for credit losses.

Key points

  • Provision for credit losses rose to $9.6 million from $2.2 million in the second quarter, mainly due to one commercial relationship totaling $37.6 million that moved to non-accrual status.
  • The company recorded a $10.0 million partial charge-off on that relationship, and non-performing assets rose $13.3 million from June 30, 2026, to $83.6 million.
  • Net interest income was $153.1 million, up $0.7 million from the second quarter, and noninterest income fell to $40.4 million from $44.3 million.
  • Year-to-date share repurchases totaled $188.4 million, including $59.6 million in the third quarter.

The filing

CompanyFIRST BUSEY CORP /NV/ (BUSE)
Form8-K, current report
Filed with the SECOct 27, 2026, 5:01 PM ET
Accession number0000314489-26-000066

Items reported: 2.02 Results of Operations7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 8:51 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 27, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.