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OPERATING SEGMENTS AND RELATED INFORMATION
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
OPERATING SEGMENTS AND RELATED INFORMATION
NOTE 16. OPERATING SEGMENTS AND RELATED INFORMATION
Busey is organized into three reportable operating segments: Banking, Wealth Management, and FirsTech. These operating segments are strategic business units that are separately managed, as they offer different products and services and have different marketing strategies.
•The Banking operating segment provides a full range of banking services to individual and corporate customers through its banking center network in Illinois, Missouri, Texas, Arizona, Colorado, Florida, Kansas, Oklahoma, Indiana, and New Mexico.
•The Wealth Management operating segment provides a full range of asset management, investment, brokerage, fiduciary, philanthropic advisory, tax preparation, and farm management services to individuals, businesses, and foundations.
•The FirsTech operating segment provides comprehensive and innovative payment technology solutions including online, mobile, and voice-recognition bill payments; money management and credit card networks; direct debit services; lockbox remittance processing for payments made by mail; and walk-in payments. FirsTech also provides additional tools to help clients with billing, reconciliation, bill reminders, and treasury services.
Additional information about Busey’s operating segments is included in “Note 23. Operating Segments and Related Information” of Busey’s 2025 Annual Report.
Segment Financial Information
The segment financial information provided below has been derived from information used by management to monitor and manage Busey’s financial performance. The accounting policies of Busey’s operating segments are the same as those described in the summary of significant accounting policies in “Note 1. Significant Accounting Policies” of Busey’s 2025 Annual Report. Busey accounts for intersegment revenue and transfers at current market prices.
Goodwill and total assets are summarized below by operating segment. The “other” category included in the tables below consists of the parent company and the elimination of intercompany transactions:
As of June 30, 2026
(dollars in thousands)BankingWealth ManagementFirsTechOtherTotal
Goodwill$359,263 $14,108 $8,992 $— $382,363 
Total assets17,962,087 164,648 44,485 20,647 18,191,867 
As of December 31, 2025
(dollars in thousands)BankingWealth ManagementFirsTechOtherTotal
Goodwill$360,180 $14,108 $8,992 $— $383,280 
Total assets17,880,797 152,422 45,373 26,144 18,104,736 
Financial results by operating segment, including significant expense categories provided to the chief operating decision maker, are summarized below:
Three Months Ended June 30, 2026
(dollars in thousands)BankingWealth ManagementFirsTechOtherTotal
Interest income$224,349 $— $— $76 $224,425 
Intersegment interest income— — 14 (14)— 
Interest expense69,410 — — 2,613 72,023 
Intersegment interest expense300 — — (300)— 
Net interest income154,639 — 14 (2,251)152,402 
Provision for credit losses2,189 — — — 2,189 
Net interest income after provision for credit losses152,450 — 14 (2,251)150,213 
 
Noninterest income
Wealth management fees— 19,981 — — 19,981 
Payment technology solutions— — 4,968 — 4,968 
Treasury management services4,789 — — — 4,789 
Capital markets income1,871 — — — 1,871 
Card services and ATM fees4,813 — — — 4,813 
Other service charges on deposit accounts1,407 — — — 1,407 
All other noninterest income4,289 164 — 2,029 6,482 
Intersegment noninterest income2,832 — 531 (3,363)— 
Noninterest income20,001 20,145 5,499 (1,334)44,311 
 
Revenue174,640 20,145 5,513 (3,585)196,713 
 
Noninterest expense
Salaries and employee benefits56,801 8,115 2,761 — 67,677 
Data processing7,266 704 872 26 8,868 
Amortization of intangible assets4,066 166 — — 4,232 
Interchange expense— — 1,096 — 1,096 
All other noninterest expense27,605 545 771 1,841 30,762 
Intersegment noninterest expense650 749 539 (1,938)— 
Noninterest expense96,388 10,279 6,039 (71)112,635 
 
Income (loss) before income taxes76,063 9,866 (526)(3,514)81,889 
Income taxes17,328 2,368 (128)(855)18,713 
Net income$58,735 $7,498 $(398)$(2,659)$63,176 
Three Months Ended June 30, 2025
(dollars in thousands)BankingWealth ManagementFirsTechOtherTotal
Interest income$247,444 $— $— $2 $247,446 
Intersegment interest income— — 17 (17)— 
Interest expense90,247 — — 4,016 94,263 
Intersegment interest expense866 — — (866)— 
Net interest income156,331 — 17 (3,165)153,183 
Provision for credit losses5,700 — — — 5,700 
Net interest income after provision for credit losses150,631 — 17 (3,165)147,483 
 
Noninterest income
Wealth management fees— 16,777 — — 16,777 
Payment technology solutions— — 4,956 — 4,956 
Treasury management services4,569 — — — 4,569 
Capital markets income1,254 — — — 1,254 
Card services and ATM fees4,880 — — — 4,880 
Other service charges on deposit accounts1,513 — — — 1,513 
All other noninterest income4,714 209 — 5,991 10,914 
Intersegment noninterest income316 — 429 (745)— 
Noninterest income17,246 16,986 5,385 5,246 44,863 
 
Revenue173,577 16,986 5,402 2,081 198,046 
 
Noninterest expense
Salaries and employee benefits57,247 7,106 2,851 11,156 78,360 
Data processing12,381 622 922 96 14,021 
Amortization of intangible assets4,364 228 — — 4,592 
Interchange expense— — 1,297 — 1,297 
All other noninterest expense26,162 590 718 2,093 29,563 
Intersegment noninterest expense5,156 778 360 (6,294)— 
Noninterest expense105,310 9,324 6,148 7,051 127,833 
 
Income (loss) before income taxes62,567 7,662 (746)(4,970)64,513 
Income taxes16,729 1,839 (202)(1,257)17,109 
Net income$45,838 $5,823 $(544)$(3,713)$47,404 
Six Months Ended June 30, 2026
(dollars in thousands)BankingWealth ManagementFirsTechOtherTotal
Interest income$449,756 $— $— $154 $449,910 
Intersegment interest income— — 29 (29)— 
Interest expense138,284 — — 5,255 143,539 
Intersegment interest expense804 — — (804)— 
Net interest income310,668 — 29 (4,326)306,371 
Provision for credit losses5,247 — — — 5,247 
Net interest income after provision for credit losses305,421 — 29 (4,326)301,124 
 
Noninterest income
Wealth management fees— 39,351 — — 39,351 
Payment technology solutions— — 10,045 — 10,045 
Treasury management services9,245 — — — 9,245 
Capital markets income4,242 — — — 4,242 
Card services and ATM fees9,459 — — — 9,459 
Other service charges on deposit accounts2,913 — — — 2,913 
All other noninterest income9,909 321 — 1,091 11,321 
Intersegment noninterest income5,665 — 1,092 (6,757)— 
Noninterest income41,433 39,672 11,137 (5,666)86,576 
 
Revenue352,101 39,672 11,166 (9,992)392,947 
 
Noninterest expense
Salaries and employee benefits128,508 16,981 7,418 — 152,907 
Data processing15,448 1,467 1,758 59 18,732 
Amortization of intangible assets8,176 347 — — 8,523 
Interchange expense— — 2,212 — 2,212 
All other noninterest expense53,287 1,397 1,447 3,649 59,780 
Intersegment noninterest expense1,329 1,499 1,079 (3,907)— 
Noninterest expense206,748 21,691 13,914 (199)242,154 
 
Income (loss) before income taxes140,106 17,981 (2,748)(9,793)145,546 
Income taxes31,131 4,316 (670)(2,388)32,389 
Net income$108,975 $13,665 $(2,078)$(7,405)$113,157 
Six Months Ended June 30, 2025
(dollars in thousands)BankingWealth ManagementFirsTechOtherTotal
Interest income$414,256 $— $— $5 $414,261 
Intersegment interest income— — 30 (30)— 
Interest expense148,764 — — 8,583 157,347 
Intersegment interest expense1,357 — — (1,357)— 
Net interest income264,135 — 30 (7,251)256,914 
Provision for credit losses51,293 — — — 51,293 
Net interest income after provision for credit losses212,842 — 30 (7,251)205,621 
 
Noninterest income
Wealth management fees— 34,141 — — 34,141 
Payment technology solutions— — 10,029 — 10,029 
Treasury management services7,406 — — — 7,406 
Capital markets income2,579 — — — 2,579 
Card services and ATM fees8,589 — — — 8,589 
Other service charges on deposit accounts3,046 — — — 3,046 
All other noninterest income(5,810)411 (2)5,697 296 
Intersegment noninterest income668 — 774 (1,442)— 
Noninterest income16,478 34,552 10,801 4,255 66,086 
 
Revenue280,613 34,552 10,831 (2,996)323,000 
 
Noninterest expense
Salaries and employee benefits103,973 14,137 5,332 22,481 145,923 
Data processing20,330 1,215 1,859 192 23,596 
Amortization of intangible assets7,205 470 — — 7,675 
Interchange expense— — 2,640 — 2,640 
All other noninterest expense45,987 1,327 1,335 11,380 60,029 
Intersegment noninterest expense9,821 1,558 729 (12,108)— 
Noninterest expense187,316 18,707 11,895 21,945 239,863 
 
Income (loss) before income taxes42,004 15,845 (1,064)(24,941)31,844 
Income taxes15,859 3,803 (281)(4,951)14,430 
Net income (loss)$26,145 $12,042 $(783)$(19,990)$17,414