First Busey Q1 FY26 net income swings to USD 49.98 million profit

• First Busey posted GAAP net income of USD 49.98 million, swinging from a net loss of USD 29.99 million a year earlier; diluted EPS was USD 0.52 versus a loss per share of USD 0.44.
• Tax-equivalent net interest income climbed 48.5% to USD 154.85 million, lifting net interest margin to 3.77% from 3.16%.
• Noninterest income more than doubled to USD 42.27 million, while noninterest expense rose 15.6% to USD 129.52 million.
• Provision for credit losses fell to USD 2.39 million from USD 42.45 million.
• Non-performing assets eased to USD 49.95 million from USD 58.11 million, while classified assets increased to USD 216.42 million from USD 174.51 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. First Busey Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000314489-26-000033), on May 07, 2026, and is solely responsible for the information contained therein.