First Busey Corporation (BUSE) Balance Sheet
BUSE balance sheet, 2025
December 31, 2025 · U.S. dollars$18.10B assets = $15.64B liabilities + $2.47B equity
Both columns are drawn to the same scale: what BUSE owns equals what it owes plus shareholders’ equity. Hover a block for its value.
BUSE financial health
Descriptive bands, not a rating. Fiscal 2025.
BUSE balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $5.43B2016 | $18.10B2025 | +14.3%/yr | |
| Total liabilities | $4.85B2016 | $15.64B2025 | +13.9%/yr | |
| Shareholders’ equity | $594.3M2016 | $2.47B2025 | +17.1%/yr | |
| Cash & short-term investments | $925.9M2016 | $181.0M2025 | −16.6%/yr | |
| Total debt | $415.0M2016 | $490.1M2025 | +1.9%/yr | |
| Net cash (debt) | $510.9M2016 | −$309.0M2025 | −$819.9M | |
| Working capital | −$3.71B2016 | −$3.57B2025 | +$139.0M | |
| Book value per share | $16.782016 | $27.702025 | +5.7%/yr | |
| Debt / equity | 0.702016 | 0.202025 | −0.50 | |
| Shares outstanding | 35.4M2016 | 89.1M2025 | +10.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BUSE assets
BUSE liabilities and equity
BUSE debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
BUSE balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $181.0M | $1.93B | $2.81B | $2.69B | $4.82B | $2.95B | $2.18B | $937.7M | $1.23B | $925.9M |
| Cash & equivalents | $181.0M | $697.7M | $719.6M | $227.2M | $836.1M | $688.5M | $529.3M | $240.0M | $347.6M | $166.7M |
| Short-term investments | $2.16B | $1.23B | $2.09B | $2.46B | $3.98B | $2.26B | $1.65B | $697.7M | $872.7M | $759.8M |
| Receivables | $71.8M | $0 | $0 | $0 | $0 | $6.71B | $6.63B | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $850,000 | $4.4M | $4.6M | $3.1M | $376,000 | $1.3M | $2.5M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $5.03B | $0 | $0 |
| Total current assets | $252.8M | $1.93B | $2.81B | $2.69B | $4.82B | $2.95B | $2.18B | $5.97B | $1.23B | $925.9M |
| Property, plant & equipment (net) | $193.4M | $129.4M | $133.6M | $139.4M | $146.7M | $142.9M | $160.8M | $117.7M | $116.9M | $77.9M |
| Goodwill & intangible assets | $480.7M | $366.0M | $353.9M | $364.3M | $375.9M | $363.5M | $373.1M | $300.6M | $308.1M | $121.3M |
| Long-term investments | $2.92B | $2.65B | $2.97B | $3.39B | $3.99B | $2.30B | $1.72B | $6.85B | $6.00B | $4.14B |
| Other non-current assets | $14.25B | $6.97B | $6.02B | $5.75B | $3.52B | $4.78B | $5.27B | $0 | $200.0M | $164.9M |
| Total assets | $18.10B | $12.05B | $12.28B | $12.34B | $12.86B | $10.54B | $9.70B | $7.70B | $7.86B | $5.43B |
| Liabilities | ||||||||||
| Accounts payable | — | — | — | $10.07B | $10.77B | $8.68B | $7.90B | $6.25B | $6.13B | $4.37B |
| Short-term debt | $173.2M | $155.6M | $199.4M | $580.9M | $287.8M | $180.3M | $214.0M | $185.8M | $524.6M | $264.2M |
| Total current liabilities | $3.83B | $10.14B | $10.49B | $10.65B | $11.06B | $8.86B | $8.12B | $1.66B | $6.65B | $4.64B |
| Long-term debt | $284.3M | $302.5M | $312.9M | $323.8M | $340.4M | $293.5M | $170.2M | $219.8M | $225.1M | $70.9M |
| Lease obligations | $38.8M | $11.0M | $11.3M | $13.0M | $10.6M | $7.8M | $9.6M | — | — | — |
| Other long-term liabilities | $11.53B | $222.8M | $208.0M | $214.7M | $143.8M | $122.4M | $188.6M | $0 | $50.0M | $121.5M |
| Total liabilities | $15.64B | $10.66B | $11.01B | $11.19B | $11.54B | $9.27B | $8.51B | $6.71B | $6.94B | $4.85B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $93,000 | $60,000 | $58,000 | $58,000 | $58,000 | $56,000 | $56,000 | $49,000 | $49,000 | $39,000 |
| Retained earnings (deficit) | $336.7M | $294.1M | $237.2M | $168.8M | $92.5M | $20.8M | −$14.8M | −$72.2M | −$132.1M | −$163.7M |
| Treasury stock | — | — | — | — | — | −$37.5M | −$28.0M | −$6.2M | −$15.0M | −$23.8M |
| Accumulated other comprehensive income | −$124.5M | −$207.0M | −$218.8M | −$273.3M | −$23.8M | $33.3M | $15.0M | −$6.8M | −$2.8M | $36,000 |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $2.47B | $1.38B | $1.27B | $1.15B | $1.32B | $1.27B | $1.22B | $995.0M | $935.0M | $594.3M |
| Key figures | ||||||||||
| Total debt | $490.1M | $469.2M | $523.6M | $917.7M | $638.8M | $486.3M | $477.4M | $405.6M | $749.7M | $415.0M |
| Net cash (debt) | −$309.0M | $1.46B | $2.28B | $1.77B | $4.18B | $2.46B | $1.70B | $532.0M | $481.6M | $510.9M |
| Working capital | −$3.57B | −$8.21B | −$7.68B | −$7.96B | −$6.24B | −$5.91B | −$5.94B | $4.31B | −$5.42B | −$3.71B |
| Tangible book value | $1.99B | $1.02B | $918.1M | $781.7M | $943.2M | $906.5M | $847.3M | $694.4M | $626.9M | $473.0M |
| Book value per share | $27.70 | $24.04 | $22.61 | $20.41 | $23.55 | $23.17 | $22.14 | $20.22 | $21.68 | $16.78 |
| Shares outstanding | 89.1M | 57.5M | 56.3M | 56.1M | 56.0M | 54.8M | 55.1M | 49.2M | 43.1M | 35.4M |
| Current ratio | 0.07 | 0.19 | 0.27 | 0.25 | 0.44 | 0.33 | 0.27 | 3.60 | 0.19 | 0.20 |
| Quick ratio | 0.07 | 0.19 | 0.27 | 0.25 | 0.44 | 1.09 | 1.09 | 0.57 | 0.19 | 0.20 |
| Debt / equity | 0.20 | 0.34 | 0.41 | 0.80 | 0.48 | 0.38 | 0.39 | 0.41 | 0.80 | 0.70 |
| Equity / assets | 13.6% | 11.5% | 10.4% | 9.3% | 10.3% | 12.0% | 12.6% | 12.9% | 11.9% | 11.0% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $665.4M | $169.0M | $181.0M | $430.0M | $796.3M | $1.29B | $1.93B | $2.37B | $2.12B | $2.49B | $2.81B | $2.52B |
| Cash & equivalents | $665.4M | $169.0M | $181.0M | $385.5M | $752.4M | $1.20B | $697.7M | $553.7M | $285.3M | $591.1M | $719.6M | $337.9M |
| Short-term investments | $2.27B | $2.22B | $2.16B | $44.6M | $43.9M | $86.0M | $1.23B | $1.82B | $1.83B | $1.90B | $2.09B | $2.18B |
| Receivables | $72.8M | $73.1M | $71.8M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $665.4M | $242.2M | $252.8M | $430.0M | $796.3M | $1.29B | $1.93B | $2.37B | $2.12B | $2.49B | $2.81B | $2.52B |
| Property, plant & equipment (net) | $192.0M | $225.4M | $193.4M | $220.0M | $219.5M | $222.6M | $129.4M | $131.4M | $132.8M | $132.1M | $133.6M | $134.0M |
| Goodwill & intangible assets | $471.3M | $475.5M | $480.7M | $485.2M | $488.2M | $496.1M | $366.0M | $368.2M | $370.6M | $351.5M | $353.9M | $356.3M |
| Long-term investments | $2.99B | $2.95B | $2.92B | $2.90B | $3.04B | $3.10B | $2.65B | $2.67B | $2.69B | $2.77B | $2.97B | $3.07B |
| Other non-current assets | $13.88B | $14.14B | $14.25B | $14.15B | $14.38B | $14.36B | $6.97B | $6.45B | $6.66B | $6.14B | $6.02B | $6.17B |
| Total assets | $18.19B | $18.04B | $18.10B | $18.19B | $18.92B | $19.46B | $12.05B | $11.99B | $11.97B | $11.89B | $12.28B | $12.26B |
| Liabilities | ||||||||||||
| Short-term debt | $175.8M | $331.5M | $173.2M | $147.2M | $158.0M | $148.5M | $155.6M | $128.4M | $140.3M | $147.2M | $199.4M | $195.7M |
| Total current liabilities | $175.8M | $331.5M | $3.83B | $15.22B | $15.96B | $16.61B | $10.14B | $10.07B | $10.12B | $10.11B | $10.49B | $10.53B |
| Long-term debt | $251.3M | $294.2M | $284.3M | $266.7M | $266.9M | $383.6M | $302.5M | $302.2M | $301.9M | $295.1M | $312.9M | $315.6M |
| Lease obligations | $6.1M | $41.9M | $38.8M | $37.9M | $39.2M | $41.1M | $11.0M | $11.5M | $11.5M | $10.9M | $11.3M | $11.8M |
| Other long-term liabilities | $15.38B | $15.00B | $11.53B | $255.8M | $279.5M | $293.0M | $222.8M | $210.0M | $219.2M | $202.3M | $208.0M | $224.4M |
| Total liabilities | $15.81B | $15.62B | $15.64B | $15.74B | $16.51B | $17.28B | $10.66B | $10.58B | $10.64B | $10.60B | $11.01B | $11.07B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $93,000 | $93,000 | $93,000 | $93,000 | $93,000 | $93,000 | $60,000 | $60,000 | $60,000 | $58,000 | $58,000 | $58,000 |
| Retained earnings (deficit) | $395.4M | $359.2M | $336.7M | $303.1M | $273.8M | $249.5M | $294.1M | $279.9M | $261.8M | $248.4M | $237.2M | $224.7M |
| Accumulated other comprehensive income | −$141.1M | −$135.6M | −$124.5M | −$136.8M | −$155.3M | −$172.8M | −$207.0M | −$170.9M | −$220.3M | −$222.2M | −$218.8M | −$290.7M |
| Total shareholders' equity | $2.38B | $2.41B | $2.47B | $2.45B | $2.41B | $2.18B | $1.38B | $1.40B | $1.33B | $1.28B | $1.27B | $1.19B |
| Key figures | ||||||||||||
| Total debt | $464.2M | $662.5M | $490.1M | $451.7M | $464.2M | $573.3M | $469.2M | $442.1M | $453.7M | $453.2M | $523.6M | $523.1M |
| Net cash (debt) | $201.2M | −$493.4M | −$309.0M | −$21.7M | $332.1M | $713.0M | $1.46B | $1.93B | $1.66B | $2.04B | $2.28B | $2.00B |
| Working capital | $489.5M | −$89.3M | −$3.57B | −$14.79B | −$15.16B | −$15.32B | −$8.21B | −$7.70B | −$8.00B | −$7.62B | −$7.68B | −$8.01B |
| Tangible book value | $1.91B | $1.94B | $1.99B | $1.96B | $1.92B | $1.68B | $1.02B | $1.03B | $963.2M | $931.2M | $918.1M | $833.8M |
| Book value per share | $26.73 | $27.07 | $27.70 | $40.31 | $26.55 | $31.36 | $23.88 | $24.20 | $23.06 | $22.74 | $22.58 | $21.13 |
| Shares outstanding | 89.1M | 89.1M | 89.1M | 60.7M | 90.9M | 69.5M | 57.9M | 58.0M | 57.9M | 56.4M | 56.3M | 56.3M |
| Current ratio | 3.78 | 0.73 | 0.07 | 0.03 | 0.05 | 0.08 | 0.19 | 0.24 | 0.21 | 0.25 | 0.27 | 0.24 |
| Quick ratio | 4.20 | 0.73 | 0.07 | 0.03 | 0.05 | 0.08 | 0.19 | 0.24 | 0.21 | 0.25 | 0.27 | 0.24 |
| Debt / equity | 0.19 | 0.27 | 0.20 | 0.18 | 0.19 | 0.26 | 0.34 | 0.32 | 0.34 | 0.35 | 0.41 | 0.44 |
| Equity / assets | 13.1% | 13.4% | 13.6% | 13.5% | 12.8% | 11.2% | 11.5% | 11.7% | 11.1% | 10.8% | 10.4% | 9.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
BUSE financial position
At the end of fiscal 2025 (December 31, 2025), First Busey had total assets of $18.1 billion (up 50.3% from a year earlier), total liabilities of $15.6 billion and shareholders' equity of $2.5 billion. It held $181.0 million in cash and short-term investments against $490.1 million of debt, net debt of $309.0 million. Its current ratio was 0.07. In the latest quarter (ended June 30, 2026) total assets were $18.2 billion and equity $2.4 billion.
Related: BUSE income statement, BUSE cash flow statement, BUSE key metrics. See the BUSE stock overview for the latest quote and news.
BUSE balance sheet FAQ
What are First Busey's total assets?
First Busey reported total assets of $18.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $12.0 billion a year earlier.
How much debt does First Busey have?
First Busey had $490.1 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.20.
How much cash does First Busey have?
First Busey held $181.0 million in cash and short-term investments at the end of fiscal 2025; with $490.1 million of debt that is net debt of $309.0 million.
What is First Busey's book value?
First Busey's shareholders' equity (book value) was $2.5 billion at the end of fiscal 2025, or $27.70 per share.
What is First Busey's current ratio?
First Busey had current assets of $252.8 million and current liabilities of $3.8 billion, a current ratio of 0.07 (current liabilities exceed current assets).
How much goodwill does First Busey have?
First Busey carried $480.7 million of goodwill and intangible assets, 2.7% of total assets, at the end of fiscal 2025.