Busey swings to $50M profit as CrossFirst integration lifts margin 61 bps; $11.5M restructuring hit

Filed May 7, 2026 · Period ending March 31, 2026 · Compared to 10-Q May 9, 2025 · ~2 min read

Key Changes

• high

  Net income swung from $30M loss in Q1 2025 to $50M profit in Q1 2026, driven by full-quarter CrossFirst contribution vs. one month prior year. Prior-year loss reflected $71.6M in acquisition expenses and securities repositioning.

  MD&A: Net Income verify on EDGAR →
• high

  Net interest margin expanded 61 basis points year-over-year to 3.77%, with net interest income up 48.5% to $154.8M. Loan yields improved to 6.03% from 5.76%, partially offset by higher deposit costs.

  MD&A: Net Interest Margin verify on EDGAR →
• high

  Loan-to-deposit ratio climbed 700 bps to 91.3% as loan growth outpaced deposits post-CrossFirst. Core deposits improved to 93.7% of total, indicating reduced wholesale funding reliance despite $1.8B deposit decline.

  MD&A: Deposit Composition verify on EDGAR →