OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

12 Months Ended

Dec. 31, 2025

Schedule of Information Relating to Operating Segments

Goodwill and total assets are summarized below by operating segment. The “other” category included in the tables below consists of the parent company, First Busey Risk Management, Inc. until its dissolution on December 18, 2023, and the elimination of intercompany transactions:


	As of December 31, 2025
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Goodwill	$	360,180	$	14,108	$	8,992	$	—	$	383,280
Total assets	17,880,797		152,422		45,373		26,144		18,104,736


	As of December 31, 2024
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Goodwill	$	310,595	$	14,108	$	8,992	$	—	$	333,695
Total assets	11,856,651		126,180		57,737		6,154		12,046,722

Financial results by operating segment, including significant expense categories provided to the chief operating decision maker, are summarized below:


	Year Ended December 31, 2025
(dollars in thousands)	Banking		Wealth Management		FirsTech		Other		Total
Interest income	$	893,854	$	—	$	—	$	6	$	893,860
Intersegment interest income	—		—		62		(62)		—
Interest expense	310,058		—		—		14,193		324,251
Intersegment interest expense	3,210		—		—		(3,210)		—
Net interest income	580,586		—		62		(11,039)		569,609
Provision for credit losses	52,743		—		—		—		52,743
Net interest income after provision for credit losses	527,843		—		62		(11,039)		516,866

Noninterest income
Wealth management fees	—		69,426		—		—		69,426
Payment technology solutions	—		—		20,000		—		20,000
Treasury management services	17,322		—		—		—		17,322
Card services and ATM fees	18,048		—		—		—		18,048
Other service charges on deposit accounts	6,281		—		—		—		6,281
All other noninterest income	11,701		754		(11)		6,454		18,898
Intersegment noninterest income	1,795		—		1,588		(3,383)		—
Noninterest income	55,147		70,180		21,577		3,071		149,975

Revenue	635,733		70,180		21,639		(7,968)		719,584

Noninterest expense
Salaries, wages, and employee benefits	206,640		28,870		10,589		42,964		289,063
Data processing	36,551		2,590		3,702		338		43,181
Amortization of intangible assets	15,735		879		—		—		16,614
Interchange expense	—		—		5,194		—		5,194
All other noninterest expense	104,371		2,691		2,818		16,269		126,149
Intersegment noninterest expense	18,427		3,330		1,534		(23,291)		—
Noninterest expense	381,724		38,360		23,837		36,280		480,201

Income (loss) before income taxes	201,266		31,820		(2,198)		(44,248)		186,640
Income taxes	50,924		7,637		(435)		(6,748)		51,378
Net income	$	150,342	$	24,183	$	(1,763)	$	(37,500)	$	135,262


	Year Ended December 31, 2024
	Banking		Wealth Management		FirsTech		Other		Total
Interest income	$	523,648	$	—	$	—	$	33	$	523,681
Intersegment interest income	324		—		48		(372)		—
Interest expense	183,126		—		—		17,944		201,070
Intersegment interest expense	2,664		—		—		(2,664)		—
Net interest income	338,182		—		48		(15,619)		322,611
Provision for credit losses	7,495		—		—		—		7,495
Net interest income after provision for credit losses	330,687		—		48		(15,619)		315,116

Noninterest income
Wealth management fees	—		63,630		—		—		63,630
Payment technology solutions	—		—		21,983		—		21,983
Treasury management services	8,377		—		—		—		8,377
Card services and ATM fees	13,424		—		—		—		13,424
Other service charges on deposit accounts	9,440		—		—		—		9,440
All other noninterest income	20,563		1,323		—		942		22,828
Intersegment noninterest income	1,402		—		1,071		(2,473)		—
Noninterest income	53,206		64,953		23,054		(1,531)		139,682

Revenue	391,388		64,953		23,102		(17,150)		462,293

Noninterest expense
Salaries, wages, and employee benefits	117,730		26,631		10,130		21,128		175,619
Data processing	20,631		2,263		3,692		538		27,124
Amortization of intangible assets	8,916		1,141		—		—		10,057
Interchange expense	—		—		6,001		—		6,001
All other noninterest expense	67,528		2,836		2,736		9,593		82,693
Intersegment noninterest expense	11,457		3,096		1,443		(15,996)		—
Noninterest expense	226,262		35,967		24,002		15,263		301,494

Income (loss) before income taxes	157,631		28,986		(900)		(32,413)		153,304
Income taxes	40,365		6,956		(230)		(7,478)		39,613
Net income	$	117,266	$	22,030	$	(670)	$	(24,935)	$	113,691


	Year Ended December 31, 2023
	Banking		Wealth Management		FirsTech		Other		Total
Interest income	$	480,438	$	—	$	—	$	105	$	480,543
Intersegment interest income	—		—		54		(54)		—
Interest expense	140,917		—		—		19,005		159,922
Intersegment interest expense	3,006		—		—		(3,006)		—
Net interest income	336,515		—		54		(15,948)		320,621
Provision for credit losses	2,860		—		—		—		2,860
Net interest income after provision for credit losses	333,655		—		54		(15,948)		317,761

Noninterest income
Wealth management fees	—		57,309		—		—		57,309
Payment technology solutions	—		—		21,192		—		21,192
Treasury management services	7,435		—		—		—		7,435
Card services and ATM fees	12,305		—		—		—		12,305
Other service charges on deposit accounts	10,134		—		—		—		10,134
All other noninterest income	14,507		514		—		(2,182)		12,839
Intersegment noninterest income	1,149		—		1,554		(2,703)		—
Noninterest income	45,530		57,823		22,746		(4,885)		121,214

Revenue	382,045		57,823		22,800		(20,833)		441,835

Noninterest expense
Salaries, wages, and employee benefits	111,834		24,474		8,522		17,767		162,597
Data processing	18,217		1,937		3,013		541		23,708
Amortization of intangible assets	8,963		1,469		—		—		10,432
Interchange expense	—		—		6,864		—		6,864
All other noninterest expense	70,798		2,503		2,154		6,015		81,470
Intersegment noninterest expense	13,178		2,698		1,100		(16,976)		—
Noninterest expense	222,990		33,081		21,653		7,347		285,071

Income (loss) before income taxes	156,195		24,742		1,147		(28,180)		153,904
Income taxes	32,342		5,938		317		(7,258)		31,339
Net income	$	123,853	$	18,804	$	830	$	(20,922)	$	122,565