First Busey ( (BUSE) ) has released its Q2 earnings. Here is a breakdown of the information First Busey presented to its investors.
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First Busey Corporation, a financial holding company primarily engaged in banking and wealth management services, has reported its second quarter earnings for 2025, highlighting a significant merger and financial performance improvements. The company, which operates through Busey Bank and its subsidiary FirsTech, offers a wide range of financial services across 78 locations in 10 states.
In the second quarter of 2025, First Busey Corporation reported a net income of $47.4 million, a substantial recovery from a net loss of $30.0 million in the previous quarter. This quarter marked the first full contribution from the acquisition of CrossFirst Bank, which has been integrated into Busey Bank. The merger has expanded Busey’s reach and enhanced its service offerings, contributing to a net interest income of $153.2 million and a net interest margin of 3.49%.
Key financial metrics showed improvement, with adjusted net income reaching $57.4 million and adjusted diluted earnings per share at $0.63. The company’s noninterest income increased significantly due to securities gains and the full quarter impact of the CrossFirst acquisition. Noninterest expenses also rose, primarily due to acquisition-related costs, but the company remains on track to achieve expense synergies.
Looking ahead, First Busey Corporation remains focused on managing its expenses and improving operational efficiency. The company anticipates further integration benefits from the CrossFirst acquisition and aims to stabilize its funding base while maintaining strong asset quality. With a robust capital position, Busey is well-positioned to navigate the current economic environment and continue delivering value to its stakeholders.