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OPERATING SEGMENTS AND RELATED INFORMATION (Tables)

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

Schedule of Information Relating to Operating Segments

Following is a summary of selected financial information for Busey’s operating segments. 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 (dollars in thousands):

			Goodwill												Total Assets
			As of												As of
			September 30, 2024						December 31, 2023						September 30, 2024						December 31, 2023
Operating segment
Banking			$	310,398					$	294,773					$	11,806,647					$	12,125,298
Wealth Management			14,108						14,108						119,801						103,147
FirsTech			8,992						8,992						51,474						51,600
Other			—						—						8,917						3,370
Consolidated total			$	333,498					$	317,873					$	11,986,839					$	12,283,415

			Three Months Ended September 30,												Nine Months Ended September 30,
			2024						2023						2024						2023
Net interest income
Banking			$	86,425					$	81,794					$	252,200					$	254,394
FirsTech			12						14						37						41
Other			(3,896)						(4,017)						(11,495)						(12,117)
Net interest income			$	82,541					$	77,791					$	240,742					$	242,318
Noninterest income
Banking			$	14,056					$	11,983					$	39,962					$	34,716
Wealth Management			16,169						14,350						47,989						43,993
FirsTech			5,551						5,665						17,700						16,954
Other			175						(990)						(899)						(4,795)
Total noninterest income			$	35,951					$	31,008					$	104,752					$	90,868
Noninterest expense
Banking			$	56,740					$	55,172					$	167,724					$	163,314
Wealth Management			8,777						8,059						26,704						24,821
FirsTech			5,648						5,245						17,666						16,303
Other			4,761						2,469						10,138						6,115
Total noninterest expense			$	75,926					$	70,945					$	222,232					$	210,553
Income before income taxes
Banking			$	43,739					$	38,241					$	117,121					$	123,852
Wealth Management			7,392						6,291						21,285						19,172
FirsTech			(85)						434						71						692
Other			(8,482)						(7,476)						(22,532)						(23,027)
Income before income taxes			$	42,564					$	37,490					$	115,945					$	120,689
Net income
Banking			$	33,221					$	31,189					$	86,410					$	98,689
Wealth Management			5,618						4,781						16,177						14,571
FirsTech			(61)						317						53						505
Other			(6,774)						(5,621)						(17,054)						(16,949)
Net income			$	32,004					$	30,666					$	85,586					$	96,816

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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