The equity-to-assets ratio has remained stable between 0.11 and 0.14 over the last ten quarters, providing a consistent capital buffer despite the significant growth in total assets to $18.0 billion.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 | Dec'99 | Dec'98 | Dec'97 | Dec'96 |
|---|
| Cash & Short Term Investments | 1.58B | 181.04M | 1.93B | 2.81B | 2.69B | 4.82B | 2.95B | 2.18B | 937.66M | 1.23B | 925.91M | 1.15B | 1.1B | 1.07B | 1.35B | 1.15B | 418.96M | 207.07M | 190.11M | 125.23M | 63.32M | 60.96M | 47.99M | 52.4M | 47.65M | 41.58M | 58.59M | 69.7M | 35.6M | 43.3M | 33.74M |
| Cash & Due from Banks | 169.04M | 181.04M | 697.66M | 719.58M | 227.16M | 836.1M | 688.54M | 529.29M | 239.97M | 347.63M | 166.71M | 319.28M | 339.44M | 231.6M | 351.25M | 315.05M | 418.96M | 207.07M | 190.11M | 125.23M | 63.32M | 60.96M | 47.99M | 52.4M | 47.65M | 41.58M | 58.59M | 69.7M | 35.6M | 43.3M | 33.74M |
| Short Term Investments | 0 | 0 | 1.23B | 2.09B | 2.46B | 3.98B | 2.26B | 1.65B | 697.68M | 872.68M | 759.81M | 834.84M | 759.07M | 841.31M | 1B | 831.75M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 16.67B | 16.71B | 10.27B | 10.53B | 11.03B | 11.12B | 9.02B | 8.36B | 6.86B | 6.88B | 4.9B | 3.47B | 3.13B | 3.09B | 3.03B | 2.82B | 2.89B | 3.26B | 3.81B | 3.62B | 2.3B | 2.06B | 1.81B | 1.4B | 1.32B | 1.18B | 1.2B | 1.1B | 873.2M | 811.6M | 788.27M |
| Investments Growth % | 176.13% | 62.72% | -2.48% | -4.49% | -0.84% | 23.24% | 7.97% | 21.88% | -0.38% | 40.6% | 40.89% | 11.01% | 1.29% | 2.09% | 7.15% | -2.34% | -11.34% | -14.44% | 5.3% | 57.51% | 11.75% | 13.72% | 29.13% | 6.18% | 12.26% | -2.12% | 9.03% | 26.12% | 7.59% | 2.96% | 3.85% |
| Long-Term Investments | 66.3B | 16.71B | 9.04B | 8.44B | 8.57B | 7.14B | 6.76B | 6.71B | 6.16B | 6.01B | 4.14B | 2.64B | 2.37B | 2.25B | 2.03B | 1.99B | 2.89B | 3.26B | 3.81B | 3.62B | 2.3B | 2.06B | 1.81B | 1.4B | 1.32B | 1.18B | 1.2B | 1.1B | 873.2M | 811.6M | 788.27M |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 475.52M | 480.73M | 365.98M | 353.86M | 364.3M | 375.92M | 363.52M | 373.13M | 300.56M | 308.07M | 121.28M | 32.94M | 27.37M | 30.26M | 33.39M | 36.7M | 40.24M | 44.33M | 256.87M | 282.89M | 110.97M | 60.56M | 37.6M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 382.36M | 383.28M | 333.69M | 317.87M | 317.87M | 317.87M | 311.54M | 311.54M | 267.69M | 269.35M | 102.81M | 25.51M | 20.69M | 20.69M | 20.69M | 20.69M | 20.69M | 20.69M | 228.86M | 247.96M | 54.39M | 54.1M | 31.79M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 93.16M | 97.45M | 32.28M | 35.99M | 46.42M | 58.05M | 51.98M | 61.59M | 32.87M | 38.73M | 18.46M | 7.43M | 6.69M | 9.57M | 12.7M | 16.02M | 19.56M | 23.64M | 28M | 34.92M | 56.58M | 6.46M | 5.82M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PP&E (Net) | 225.43M | 193.44M | 129.43M | 133.62M | 139.35M | 146.68M | 142.91M | 160.76M | 117.67M | 116.91M | 77.86M | 63.09M | 63.97M | 65.83M | 71.07M | 69.4M | 73.22M | 77.53M | 81.73M | 80.4M | 41M | 37.81M | 26.3M | 22.22M | 27.36M | 29.08M | 31.25M | 28.6M | 24.2M | 22.8M | 21.59M |
| Other Assets | 422.32M | 430.67M | 583.61M | 544.66M | 579.28M | 381.18M | 326.43M | 276.15M | 176.53M | 188.35M | 144.05M | 87.75M | 82.97M | 86.37M | 96.38M | 108.14M | 116.14M | 157.14M | 118.34M | 85.72M | 48.12M | 48.22M | 45.58M | 37.08M | 31.32M | 44.24M | 52.25M | 33.2M | 18.5M | 37.8M | 21.32M |
| Total Current Assets | 242.15M | 252.83M | 1.93B | 2.81B | 2.69B | 4.82B | 2.95B | 2.18B | 937.66M | 1.23B | 925.91M | 1.15B | 1.1B | 1.07B | 1.35B | 1.15B | 418.96M | 207.07M | 190.11M | 125.23M | 63.32M | 60.96M | 47.99M | 52.4M | 47.65M | 41.58M | 58.59M | 69.7M | 35.6M | 43.3M | 33.74M |
| Total Non-Current Assets | 17.79B | 17.85B | 10.12B | 9.48B | 9.65B | 8.04B | 7.59B | 7.52B | 6.76B | 6.64B | 4.5B | 2.84B | 2.57B | 2.47B | 2.27B | 2.26B | 3.19B | 3.61B | 4.27B | 4.07B | 2.45B | 2.2B | 1.91B | 1.47B | 1.39B | 1.26B | 1.3B | 1.18B | 915.9M | 872.2M | 831.18M |
| Total Assets | 18.04B | 18.1B | 12.05B | 12.28B | 12.34B | 12.86B | 10.54B | 9.7B | 7.7B | 7.86B | 5.43B | 4B | 3.67B | 3.54B | 3.62B | 3.4B | 3.61B | 3.81B | 4.46B | 4.19B | 2.51B | 2.26B | 1.96B | 1.52B | 1.44B | 1.3B | 1.36B | 1.25B | 951.5M | 915.5M | 864.92M |
| Asset Growth % | 152.72% | 50.29% | -1.93% | -0.43% | -4.07% | 21.96% | 8.75% | 25.88% | -2.01% | 44.89% | 35.66% | 9.09% | 3.56% | -2.17% | 6.35% | -5.63% | -5.5% | -14.47% | 6.37% | 67.27% | 10.75% | 15.22% | 29.06% | 6.03% | 10.37% | -4.01% | 8.66% | 31.07% | 3.93% | 5.85% | 2.4% |
| Return on Assets (ROA) | 1.18% | 0.9% | 0.93% | 1% | 1.02% | 1.05% | 0.99% | 1.18% | 1.27% | 0.94% | 1.05% | 1.02% | 0.91% | 0.8% | 0.64% | 0.85% | 0.63% | -7.81% | -0.88% | 0.94% | 1.21% | 1.27% | 1.29% | 1.34% | 1.31% | 1.18% | 1.08% | 1.14% | 1.22% | 1.17% | 1.09% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 662.48M | 490.06M | 469.19M | 523.58M | 917.7M | 638.82M | 486.29M | 477.42M | 405.64M | 749.69M | 415.02M | 307.97M | 303.89M | 227.35M | 201.02M | 202.28M | 237.14M | 279.4M | 455.47M | 419.55M | 291.42M | 270M | 258.18M | 133.85M | 74.23M | 58.79M | 104.15M | 127.7M | 30.9M | 16.6M | 19.41M |
| Net Debt | 493.44M | 309.01M | -228.47M | -196M | 690.54M | -197.28M | -202.25M | -51.86M | 165.66M | 402.06M | 248.32M | -11.31M | -35.55M | -4.25M | -150.23M | -112.77M | -181.82M | 72.33M | 265.36M | 294.32M | 228.1M | 209.04M | 210.19M | 81.46M | 26.58M | 17.21M | 45.56M | 58M | -4.7M | -26.7M | -14.33M |
| Long-Term Debt | 294.19M | 284.31M | 302.54M | 312.88M | 323.85M | 340.41M | 298.26M | 253.83M | 219.84M | 225.13M | 150.87M | 135M | 105M | 55M | 62M | 74.42M | 98.16M | 137.08M | 189.49M | 205.91M | 211.65M | 219.88M | 205.37M | 117.85M | 71.76M | 47.02M | 55.26M | 55.8M | 25M | 10M | 5M |
| Short-Term Debt | 331.45M | 173.18M | 155.61M | 199.4M | 580.86M | 287.82M | 180.27M | 214.04M | 185.8M | 524.57M | 264.16M | 172.97M | 198.89M | 172.35M | 139.02M | 127.87M | 138.98M | 142.32M | 265.98M | 213.64M | 79.77M | 50.11M | 52.81M | 16M | 2.47M | 11.77M | 48.89M | 71.9M | 5.9M | 6.6M | 14.4M |
| Other Liabilities | 14.96B | 11.52B | 211.78M | 196.7M | 201.72M | 133.18M | 109.84M | 95.47M | 52.44M | 49.98M | 41.53M | 28.71M | 27.23M | 27.73M | 27.94M | 27.12M | 30.99M | 36.24M | 43.11M | 36.48M | 17.98M | 14.31M | 8.56M | 6.46M | 7.58M | 5.11M | 9.78M | 9.1M | 6.8M | 6.1M | 5.17M |
| Total Current Liabilities | 331.45M | 3.83B | 10.14B | 10.49B | 10.65B | 11.06B | 8.86B | 8.12B | 6.44B | 6.65B | 4.64B | 3.46B | 3.1B | 3.04B | 3.12B | 2.89B | 3.06B | 3.31B | 3.77B | 3.42B | 2.09B | 1.86B | 1.61B | 1.27B | 1.22B | 1.12B | 1.2B | 1.1B | 832.6M | 818.1M | 786.5M |
| Total Non-Current Liabilities | 15.29B | 11.81B | 525.35M | 520.88M | 538.56M | 484.18M | 415.86M | 358.86M | 272.28M | 275.11M | 192.4M | 163.71M | 132.23M | 82.72M | 89.94M | 101.53M | 129.15M | 173.32M | 232.6M | 242.39M | 229.63M | 234.2M | 213.94M | 124.31M | 79.34M | 52.13M | 65.04M | 64.9M | 31.8M | 16.1M | 10.17M |
| Total Liabilities | 15.62B | 15.64B | 10.66B | 11.01B | 11.19B | 11.54B | 9.27B | 8.51B | 6.71B | 6.94B | 4.85B | 3.63B | 3.23B | 3.12B | 3.21B | 2.99B | 3.18B | 3.49B | 4.01B | 3.66B | 2.32B | 2.09B | 1.83B | 1.4B | 1.3B | 1.17B | 1.26B | 1.16B | 864.4M | 834.2M | 791.5M |
| Total Equity | 2.41B | 2.47B | 1.38B | 1.27B | 1.15B | 1.32B | 1.27B | 1.22B | 994.96M | 935M | 594.31M | 373.19M | 433.64M | 415.36M | 408.8M | 409.27M | 420.5M | 328.13M | 454.82M | 529.7M | 185.27M | 169.71M | 138.87M | 125.18M | 140.16M | 130.79M | 92.33M | 82.3M | 87.1M | 81.3M | 73.42M |
| Equity Growth % | 244.63% | 78.49% | 8.75% | 11% | -13.13% | 3.86% | 4.07% | 22.66% | 6.41% | 57.32% | 59.25% | -13.94% | 4.4% | 1.61% | -0.11% | -2.67% | 28.15% | -27.85% | -14.14% | 185.9% | 9.17% | 22.21% | 10.94% | -10.69% | 7.17% | 41.66% | 12.18% | -5.51% | 7.13% | 10.74% | 8.32% |
| Equity / Assets (Capital Ratio) | 13.38% | 13.64% | 11.48% | 10.36% | 9.29% | 10.26% | 12.05% | 12.59% | 12.92% | 11.89% | 10.95% | 9.33% | 11.83% | 11.73% | 11.3% | 12.03% | 11.66% | 8.6% | 10.2% | 12.63% | 7.39% | 7.5% | 7.07% | 8.22% | 9.76% | 10.06% | 6.81% | 6.6% | 9.15% | 8.88% | 8.49% |
| Return on Equity (ROE) | 8.84% | 7.02% | 8.56% | 10.14% | 10.41% | 9.54% | 8.06% | 9.29% | 10.25% | 8.2% | 10.27% | 9.67% | 7.72% | 6.97% | 5.47% | 7.2% | 6.21% | -82.54% | -7.71% | 8.81% | 16.28% | 17.46% | 17.01% | 14.97% | 13.22% | 14.03% | 16.1% | 14.76% | 13.54% | 13.44% | 13.18% |
| Book Value per Share | 27.07 | 27.70 | 24.04 | 22.61 | 20.41 | 23.55 | 23.17 | 22.14 | 20.22 | 21.68 | 16.78 | 12.82 | 14.90 | 14.31 | 14.15 | 14.39 | 19.00 | 23.56 | 38.07 | 56.91 | 25.97 | 24.38 | 20.22 | 18.27 | 20.51 | 19.22 | 13.53 | 11.85 | 12.38 | 11.57 | 10.57 |
| Tangible BV per Share | 21.73 | 22.30 | 17.68 | 16.32 | 13.92 | 16.84 | 16.53 | 15.37 | 14.11 | 14.54 | 13.36 | 11.69 | 13.96 | 13.27 | 13.00 | 13.10 | 17.18 | 20.37 | 16.57 | 26.52 | 10.42 | 15.68 | 14.75 | 18.27 | 20.51 | 19.22 | 13.53 | 11.85 | 12.38 | 11.57 | 10.57 |
| Common Stock | 93K | 93K | 60K | 58K | 58K | 58K | 56K | 56K | 49K | 49K | 39K | 29K | 29K | 88K | 88K | 88K | 81K | 68K | 38K | 38K | 22K | 22K | 6.29M | 6.29M | 6.29M | 6.29M | 6.29M | 6.3M | 0 | 0 | 6.29M |
| Additional Paid-in Capital | 2.36B | 2.38B | 1.36B | 1.32B | 1.32B | 1.32B | 1.25B | 1.25B | 1.08B | 1.08B | 781.72M | 591.05M | 593.75M | 593.14M | 594.41M | 594.01M | 562.38M | 510.2M | 393M | 392.73M | 46.62M | 44.81M | 21.7M | 20.97M | 20.86M | 21.17M | 22.04M | 21.8M | 0 | 0 | 20.59M |
| Retained Earnings | 359.16M | 336.71M | 294.05M | 237.2M | 168.77M | 92.46M | 20.83M | -14.81M | -72.17M | -132.12M | -163.69M | -190.26M | -210.38M | -225.72M | -240.32M | -238.09M | -249.42M | -256.98M | 85.81M | 157.19M | 144.96M | 129.73M | 114.36M | 102.29M | 91.64M | 81.86M | 73.22M | 65.6M | 59M | 53M | 47.4M |
| Accumulated OCI | -135.55M | -124.47M | -207.04M | -218.8M | -273.28M | -23.76M | 33.31M | 14.96M | -6.81M | -2.81M | 36K | 2.34M | 5.82M | 4.46M | 13.54M | 13.12M | 9.03M | 8.81M | 9.84M | 2.05M | 5.5M | 5.63M | 6.7M | 6.3M | 8.42M | 6.11M | 3.63M | -500K | 6.8M | 5.8M | 3.29M |
| Treasury Stock | -172.64M | -118.86M | -64.34M | -70.07M | -70.55M | -66.64M | -37.49M | -27.98M | -6.19M | -15M | -23.79M | -29.97M | -28.23M | -29.27M | -31.59M | -32.12M | -32.18M | -32.18M | -32.2M | -22.3M | -11.83M | -10.48M | -10.17M | -10.67M | -12.05M | -9.64M | -12.86M | -10.8M | 0 | 0 | -3.49M |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 72.66M | 72.66M | 72.66M | 72.66M | 131.45M | 99.46M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Regional credit concentration risk
As reported in recent financial statements, First Busey Corporation's total assets surged from $12.0 billion in 2024Q3 to $18.0 billion by 2026Q1, a trajectory that appears heavily influenced by strategic acquisitions rather than purely organic loan book expansion within its core Midwest markets.
The rapid increase in the asset base suggests a management strategy focused on scaling through M&A to achieve competitive relevance. Investors should monitor whether this inorganic growth can be successfully integrated to drive long-term efficiency, as the current asset trajectory significantly outpaces historical organic growth trends.
Based on the company's reported figures, the equity-to-assets ratio has remained relatively stable, hovering between 0.11 and 0.14 over the last ten quarters, which indicates a consistent approach to maintaining a capital buffer despite the significant expansion of the bank's total balance sheet.
This capital positioning appears adequate for a regional institution, providing a sufficient cushion against potential volatility in the loan portfolio. However, the maintenance of these ratios during a period of rapid asset growth suggests that management is effectively balancing capital retention with the demands of its expanding business segments.
According to recent SEC filings, cash and cash equivalents declined from a peak of $1.2 billion in 2025Q1 to $169.0 million by 2026Q1, a trend that warrants further investigation into the bank's reliance on wholesale funding to support its ongoing asset growth and operational requirements.
The contraction in liquid assets relative to the total balance sheet may indicate that capital is being aggressively deployed into interest-earning assets or M&A activity. This shift suggests a potentially tighter liquidity profile that could leave the bank more sensitive to unexpected deposit outflows or regional economic shocks.
As indicated by the bank's financial statements, the investment securities portfolio grew from $10.3 billion in 2024Q1 to $16.7 billion by 2026Q1, representing a substantial portion of the total asset base that may be subject to significant interest rate sensitivity and unrealized valuation adjustments.
The heavy concentration in investment securities relative to the total asset base suggests that the bank's balance sheet is highly sensitive to interest rate fluctuations. Investors should monitor the duration of this portfolio, as any sustained rate volatility could lead to material impacts on the bank's equity position through accumulated other comprehensive income.
Quick answers to the most common questions about buying BUSE stock.
As of 2025, First Busey Corporation (BUSE) had total assets of $18.10B including $252.8M in current assets.
First Busey Corporation (BUSE) carries total debt of $490.1M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
First Busey Corporation (BUSE) has total shareholders' equity (book value) of $2.47B ($27.70 book value per share). Book value represents the net worth of the company belonging to common stock holders.
First Busey Corporation (BUSE) reported a current ratio of 0.07x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.