First Busey Reports Strong Q4 and Strategic Merger

First Busey ( (BUSE) ) has issued an update.

On January 28, 2025, First Busey Corporation announced its financial results for the fourth quarter of 2024, reporting a net income of $28.1 million and a diluted EPS of $0.49. The company highlighted a record high in revenue for its Wealth Management segment and a notable increase in tangible book value per share. The strategic merger with CrossFirst Bankshares, Inc., approved by stockholders and regulatory bodies, positions the company to become a significant commercial bank across multiple states. This merger, expected to be finalized by March 1, 2025, will significantly expand Busey’s assets and market reach.

More about First Busey

First Busey Corporation operates within the financial services industry, providing banking and wealth management services. The company is focused on expanding its market presence, particularly in the Midwest, Southwest, and Florida, with a strategic merger to enhance its commercial banking services.

YTD Price Performance: 0.93%

Average Trading Volume: 270,568

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.3B

For a thorough assessment of BUSE stock, go to TipRanks’ Stock Analysis page.