First Busey Q2 net income +24% to $58.6M on flat revenue; Illinois tax dispute litigation disclosed

Filed August 6, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 5, 2025 · ~1 min read

Key Changes

• high

  Net income rose 24.0% to $58.6M ($0.69 diluted EPS, +32.7%) in Q2 2026 despite revenue declining 0.7% to $196.7M, reflecting improved operating efficiency and lower below-the-line costs.

  XBRL Key Financials view on EDGAR →
• medium

  First Busey filed two lawsuits against the Illinois Secretary of State on November 25, 2025, disputing the amount of franchise taxes, penalties, interest, fees, and charges claimed to be owed.

  Legal Proceedings verify on EDGAR →
• medium

  CrossFirst acquisition accounting finalized in Q1 2026 with a $0.9M deferred tax adjustment increasing net assets acquired; all fair value refinements now complete.

  Notes: Business Combinations verify on EDGAR →