Company Description

As of September 30, 2019, First Busey Corporation (Nasdaq: BUSE) was a $9.75 billion financial holding company headquartered in Champaign, Illinois. First Busey’s wealth management division ended the third quarter of 2019 with $9.41 billion in assets under care.


As of September 30, 2019, Busey Bank, a wholly-owned bank subsidiary, with total assets of $7.80 billion is headquartered in Champaign, Illinois and has 44 banking centers serving Illinois, 13 banking centers in the St. Louis, Missouri metropolitan area, five banking centers serving southwest Florida and a banking center in Indianapolis, Indiana. Through the Busey Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of September 30, 2019, assets under care were approximately $7.96 billion. Busey Bank owns a retail payment processing subsidiary, FirsTech, Inc., which processes approximately 28 million transactions per year using online bill payment, lockbox processing and walk-in payments at its 4,000 agent locations in 43 states. More information about FirsTech, Inc. can be found at firstechpayments.com.


As of September 30, 2019, TheBANK, a wholly-owned bank subsidiary, with total assets of $1.94 billion is headquartered in Edwardsville, Illinois and has 17 banking centers. Through TheBANK Wealth Management division, the Company provides asset management, investment and fiduciary services to individuals, businesses and foundations. As of September 30, 2019, assets under care were approximately $1.45 billion. Subsequent to the end of the quarter, on October 4, 2019, the merger of TheBANK into Busey Bank was completed.

Busey Bank was named among Forbes’ 2019 Best-In-State Banks—one of five in Illinois and 173 from across the country, equivalent to 2.8% of all banks. Best-In-State Banks are awarded for exceptional customer experiences as determined by a survey sample of 25,000+ banking customers who rated banks on trust, terms and conditions, branch services, digital services and financial advice.

For more information about us, visit busey.com.



Special Note Concerning Forward-Looking Statements

Statements made in this report, other than those concerning historical financial information, may be considered forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the financial condition, results of operations, plans, objectives, future performance and business of the Company. Forward-looking statements, which may be based upon beliefs, expectations and assumptions of the Company's management and on information currently available to management, are generally identifiable by the use of words such as "believe," "expect," "anticipate," "plan," "intend," "estimate," "may," "will," "would," "could," "should" or other similar expressions. Additionally, all statements in this document, including forward-looking statements, speak only as of the date they are made, and we undertake no obligation to update any statement in light of new information or future events. A number of factors, many of which are beyond our ability to control or predict, could cause actual results to differ materially from those in our forward-looking statements. These factors include, among others, the following: (i) the strength of the local, state, national and international economy (including the impact of tariffs, a U.S. withdrawal from or significant negotiation of trade agreements, trade wars and other changes in trade regulations); (ii) the economic impact of any future terrorist threats or attacks; (iii) changes in state and federal laws, regulations and governmental policies concerning the Company's general business; (iv) changes in interest rates and prepayment rates of the Company's assets; (v) increased competition in the financial services sector and the inability to attract new customers; (vi) changes in technology and the ability to develop and maintain secure and reliable electronic systems; (vii) the loss of key executives or employees; (viii) changes in consumer spending; (ix) unexpected results of current and/or future acquisitions, which may include failure to realize the anticipated benefits of the acquisition and the possibility that the transaction costs may be greater than anticipated; (x) unexpected outcomes of existing or new litigation involving the Company; (xi) changes in accounting policies and practices; and (xii) the economic impact of exceptional weather occurrences such as tornadoes, hurricanes, floods, and blizzards. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning the Company and its business, including additional factors that could materially affect its financial results, is included in the Company's filings with the Securities and Exchange Commission.

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Contact Information

First Busey Corporation

100 W. University Ave.
P.O. Box 4028
Champaign, IL 61820
(217) 365-4500

Shareholder website:

www.computershare.com/investor

Investor Relations Contacts

Jeffrey D. Jones, Chief Financial Officer
je[email protected]

Transfer Agent

Shareholder Correspondence:
Computershare
P.O. Box 505000
Louisville, KY 40233

Overnight Correspondence:

Computershare
462 South 4th Street,
Suite 1600
Louisville, KY 40202
(866) 392-9220
Insider Ownership
Insider Transaction Activity (Last 6 Months)
Aggregates Shares Price ($) Value ($)
Open Market Buys7,86724.06180,435
Open Market Sells0----
Options Ex. & Sold0----
Net Shares14,64424.06180,435

High Volume Traders (Last 6 Months)
Name # Buys # Sells # Options Ex. & Sold Total # Trans. Net Shares
David John Downey30037,676
Van A. Dukeman30031,984
Robin N. Elliott2002964
John Joseph Powers3003704
Gregory B. Lykins3003701
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Institutional Ownership
Ownership Information
Shares Outstanding55,047,777
Short Interest Shares308,039
Float (%)90.45
Institutional Ownership (%)46.21
Mutual Fund Ownership (%)24.20
Insider Ownership (%)9.55
Top 10 Instn Holders (%)31.03
Ownership Activity
DescriptionHoldersShares
Total Positions14125,437,965
New Positions6113,751
Increased Positions521,166,873
Decreased Positions47(1,355,607)
Soldout Positions22(1,634,337)
Net Change (1,709,320)
Copyright © 2020 FactSet Research Systems Inc. All rights reserved.
Dividends
No data available.
Stock Purchase Program
First Busey Corporation currently does not have a Stock Purchase Plan. If you would like more information about how to purchase First Busey Corporation Stock or to establish a Dividend Reinvestment Plan, please call Busey Wealth Management at 1-888-384-1010.

Officers and Directors
Senior Management
Van A. Dukeman
President & Chief Executive Officer of First Busey Corporation
Monica L. Bowe
EVP & Chief Risk Officer of First Busey Corporation
Robin N. Elliott
President & Chief Executive Officer of Busey Bank
Jeffrey D. Jones
EVP, Chief Financial Officer of First Busey Corporation
Robert F. Plecki Jr.
EVP & Chief Credit Officer of First Busey Corporation
John J. Powers
EVP & General Counsel of First Busey Corporation
Amy L. Randolph
EVP, Chief of Staff & Executive Vice President of Pillar Relations of First Busey Corporation and Busey Bank
 
Board of Directors
Gregory B. Lykins
Director since 1994
George Barr
Director since 2006
Stanley J. Bradshaw
Director since 2006
Michael D. Cassens
Director since 2003
David J. Downey
Director since 1992
Van A. Dukeman
Director since 1994
Karen M. Jensen
Director since 2019
Frederic L. Kenney
Director since 2018
Stephen V. King
Director since 2013
George T. Shapland
Director since 1994
Thomas G. Sloan
Director since 2010
 
 
Market Data

Current QuoteData as of January 23, 2020
Last Sale $ 26.98
Last Close $ 27.20
Today's High $ 27.09
Today's Low $ 26.60
Net Change $ (0.22)  Down  .81%
Today's Volume142,232
Minimum 20 minute delay
Current Chart

Mergers and Acquisitions
Acquisitions
Bank & Thrift Company Deals

Target
Seller
State Industry
Type
Announce
Date
Status Deal Value
($M)
Target Total
Assets ($000)
Banc Ed Corp.ILBank8/21/2018Completed on 1/31/2019261.331,853,128
Mid Illinois Bancorp, Inc.ILBank3/13/2017Completed on 10/1/2017138.20665,016
First Community Financial Partners, Inc.ILBank2/06/2017Completed on 7/2/2017239.701,268,210
Pulaski Financial Corp.MOBank12/03/2015Completed on 4/30/2016195.331,521,694
Herget Financial Corp.ILBank9/25/2014Completed on 1/8/201534.10273,412
Main Street Trust, Inc.ILBank9/20/2006Completed on 7/31/2007306.971,556,144
Tarpon Coast Bancorp, Inc.FLBank2/24/2005Completed on 7/29/200538.76145,633
First Capital Bankshares, IncorporatedILBank1/05/2004Completed on 6/1/200441.39217,125
Eagle BancGroup, Inc.ILThrift6/30/1999Completed on 10/29/199927.10182,947
Eagle Bank of Champaign County, NAILBank4/13/1993TerminatedNA20,459
Empire Capital CorporationILBank10/02/1992Completed on 2/28/19939.0061,416
 
Bank & Thrift Branch Deals

Target
Seller
Industry
Type
Announce
Date
Status Number of
Branches
All
Branch
States
Total Deposits
Transferred
($000)
1 BranchR & G Financial CorporationThrift1/31/2003Completed on 8/18/20031FL13,739
2 BranchesFirst of America Bank CorporationBank10/04/1995Completed on 12/28/19952IL78,250
2 BranchesCSF Holdings, Inc.Thrift8/22/1991Completed on 4/10/19922IL42,832
 
Government Assisted Deals

Target
Seller
State Industry
Type
Date Sold Target Total
Assets ($000)
Target Assets
Sold ($000)
Target Total
Deposits ($000)
Eagle Bank of Champaign CountyILBank7/01/199317,70017,90017,200
Olympic Federal / Kankakee, BloomingtonILThrift3/27/19921,707 NA 60,251
 
Securities & Investments Deals

Target
Seller
Type Announce
Date
Status Deal Value
($M)
Target
Total
Assets
($000)
Investors' Security Trust CompanyAsset Manager5/07/2019Completed on 8/31/201912.00NA
Secord Asset Management Inc.Secord Asset Management, Inc.Asset Manager6/05/2000Completed on 6/5/2000NANA
 
Sales and Divestitures
Bank & Thrift Branch Deals

Target
Buyer
Industry
Type
Announce
Date
Status Number of
Branches
All
Branch
States
Total Deposits
Transferred
($000)
5 BranchesPNB Holding CompanyBank7/20/2007Completed on 11/2/20075IL102,200
 
Peer Analysis
No data available.
Recent Documents
No data available.
Stock Price History
High ($)Low ($)
One Day27.09  26.60  
One Month27.76  26.60  
Three Months28.00  25.92  
Year-to-Date27.76  26.60  
One Year28.00  23.44  
Three Year33.25  23.13  
Three Year Date7/10/2018 12/26/2018 
Upcoming Events
First Busey Corporation is scheduled to release Q4 2019 financial results after the close of business on Tuesday, January 28, 2020.1/28/2020
4:00  PM  CT
FAQ
Q: Where is First Busey Corporation's common stock listed?
A: Our common stock is listed on the Nasdaq under the symbol BUSE.

For more detailed stock information, please visit our Stock Information page.

Q: Who are the Market Makers for First Busey Corporation's Stock?
A: To see a list of our Market Makers and their contact information, please visit our Market Makers page.

Q: How can I find information on the analysts that cover First Busey Corporation?
A: To see a list of Analysts, please visit our Analyst Coverage / Estimates page.

Q: How can I receive Email alerts from First Busey Corporation?
A: To sign up for Email alerts on our Events, Documents, Press Releases and closing stock price information click here to visit our Email Notification page.

Q: How can I request additional information from First Busey Corporation?
A: You can contact us via our Information Request page.

Deposit Market Share
Deposit Market Share for Selected Markets
Current Ownership, including Bank, Savings Bank, Thrift Branches
Ownership as of 1/23/2020, Branches and Deposits as of 6/30/2019

STATE: Illinois
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11JPMorgan Chase & Co. (NY)Bank31987,390.317.8888,564.918.80
22Bank of MontrealBank20262,998.812.8949,187.610.44
33Bank of America Corporation (NC)Bank14335,914.17.3534,456.37.31
46Wintrust Financial Corp. (IL)Bank15526,823.65.4924,148.15.13
54Fifth Third Bancorp (OH)Bank18023,400.94.7925,818.45.48
65Northern Trust Corp. (IL)Bank723,216.94.7524,898.75.28
77Canadian Imperial BankBank2020,107.94.1116,358.23.47
88PNC Financial Services Group (PA)Bank17716,438.93.3616,139.03.43
910U.S. Bancorp (MN)Bank19814,188.42.9014,330.73.04
109Citigroup Inc. (NY)Bank6114,071.02.8815,621.03.32
1313First Busey Corp. (IL)Bank666,464.51.326,564.61.39
   Total for institutions in market

 4,128488,835.3 471,175.2 
MSA: Champaign-Urbana, IL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11First Busey Corp. (IL)Bank142,410.037.672,523.939.42
22JPMorgan Chase & Co. (NY)Bank3769.312.02725.311.33
33PNC Financial Services Group (PA)Bank5423.76.62395.76.18
44First Mid Bancshares (IL)Bank9303.14.74342.05.34
58Frst State Bncp Monticello Inc (IL)Bank5224.33.51179.72.81
65CIB Marine Bancshares Inc. (WI)Bank4223.13.49222.63.48
76Longview Capital Corp. (IL)Bank5212.43.32201.13.14
87Market Place Bancshares Inc. (IL)Bank2190.12.97189.72.96
99HBT Financial Inc. (IL)Bank4156.32.44156.92.45
1010Bancorp of Rantoul Inc. (IL)Bank2154.42.41155.52.43
   Total for institutions in market

 976,397.9 6,402.4 
MSA: NA
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
   Total for institutions in market

 .0 .0 
COUNTY: Champaign, IL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11First Busey Corp. (IL)Bank122,353.142.472,464.344.23
22JPMorgan Chase & Co. (NY)Bank3769.313.88725.313.02
33PNC Financial Services Group (PA)Bank5423.77.65395.77.10
44First Mid Bancshares (IL)Bank7197.33.56233.84.20
55Market Place Bancshares Inc. (IL)Bank2190.13.43189.73.40
66CIB Marine Bancshares Inc. (WI)Bank3180.63.26184.53.31
77Bancorp of Rantoul Inc. (IL)Bank2154.42.79155.52.79
88Great American Bancorp (IL)Thrift2149.72.70153.72.76
99Longview Capital Corp. (IL)Bank4145.32.62137.92.47
1010Gifford Bancorp Inc. (IL)Bank3121.62.20124.92.24
   Total for institutions in market

 755,540.8 5,572.0 
COUNTY: McLean, IL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11Commerce Bancshares Inc. (MO)Bank4522.916.99579.918.78
22HBT Financial Inc. (IL)Bank9510.816.60509.716.50
33PNC Financial Services Group (PA)Bank5442.514.38442.714.34
45JPMorgan Chase & Co. (NY)Bank2400.313.01357.911.59
54First Busey Corp. (IL)Bank5383.212.45364.711.81
66Frst State Bncp Monticello Inc (IL)Bank2105.73.44105.83.42
77U.S. Bancorp (MN)Bank2101.73.3196.33.12
88Tri-County Finl Group Inc. (IL)Bank189.32.9087.32.83
911CIB Marine Bancshares Inc. (WI)Bank170.42.2965.52.12
109Regions Financial Corp. (AL)Bank169.02.2478.12.53
   Total for institutions in market

 513,077.4 3,088.1 
COUNTY: Ford, IL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11Merchants Bancorp (IN)Bank391.522.6397.623.52
22Agricultural Banking Corp. (IL)Bank270.217.3770.917.07
33Piper Bankshares Inc. (IL)Bank368.917.0466.816.09
44Longview Capital Corp. (IL)Bank167.116.6063.215.23
55First Busey Corp. (IL)Bank256.914.0759.614.36
66HBT Financial Inc. (IL)Bank149.712.3057.013.73
   Total for institutions in market

 12404.4 415.0 
COUNTY: Lee, FL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11Truist Financial Corp. (NC)Bank322,869.317.622,987.219.04
22Wells Fargo & Co. (CA)Bank282,509.515.412,470.915.75
33Bank of America Corporation (NC)Bank202,423.014.882,399.215.29
44Fifth Third Bancorp (OH)Bank161,326.18.141,231.17.85
55FineMark Holdings Inc. (FL)Bank5929.35.71928.05.91
66JPMorgan Chase & Co. (NY)Bank13859.95.28801.85.11
77Synovus Financial Corp. (GA)Bank5625.63.84591.13.77
89TIAA Board of Overseers (NY)Thrift1557.33.42497.23.17
98IBERIABANK Corp. (LA)Bank6516.83.17502.33.20
1010Regions Financial Corp. (AL)Bank10466.92.87408.32.60
1820First Busey Corp. (IL)Bank3194.51.19138.60.88
   Total for institutions in market

 18616,283.3 15,691.4 
COUNTY: Macon, IL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11First Illinois Corp. (IL)Bank7441.723.38460.823.11
22First Busey Corp. (IL)Bank4414.821.95428.921.51
33First Mid Bancshares (IL)Bank7301.715.97372.618.68
44Regions Financial Corp. (AL)Bank3225.611.94223.611.21
55PNC Financial Services Group (PA)Bank2145.87.72140.27.03
66American Central Bancorp. Inc. (IL)Bank3114.36.05119.45.98
77Gerber Bancshares Inc. (IL)Bank264.93.4470.23.52
88Scott Bancshares Inc. (IL)Bank464.53.4163.03.16
99Town and Country Finl Corp (IL)Bank250.82.6955.12.76
1010First National Bank of Pana (IL)Bank230.51.6227.01.35
   Total for institutions in market

 401,889.3 1,994.4 
CITY: Peoria, IL
2019 Rank 2018 Rank Institution
(Headquarters)
Type2019
Number of Branches
2019
Total Deposits
in Market ($M)
2019 Total Market Share (%) 2018
Total Deposits
in Market ($M)
2018 Total Market Share (%)
11PNC Financial Services Group (PA)Bank6883.630.96809.429.45
23Commerce Bancshares Inc. (MO)Bank3416.814.60373.213.58
32First Busey Corp. (IL)Bank7407.414.27402.414.64
44JPMorgan Chase & Co. (NY)Bank3324.311.36364.413.26
55Hometown Community Bncp Inc. (IL)Bank4281.99.88312.811.38
66Associated Banc-Corp (WI)Bank3120.94.24101.63.70
77First Mid Bancshares (IL)Bank482.12.8880.82.94
810CIB Marine Bancshares Inc. (WI)Bank160.12.1050.11.82
99First State Bancorp. Inc. (IL)Bank156.31.9754.51.98
1012Illinois National Bancorp Inc. (IL)Bank153.41.8734.71.26
   Total for institutions in market

 412,854.4 2,748.0