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Pay vs Performance Disclosure
12 Months Ended
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Pay vs Performance Disclosure        
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
As required by Section 953(a) of the Dodd-Frank Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid (as determined under Securities and Exchange Commission rules) and certain financial performance of the Company.
Pay Versus Performance Table
Year
SCT
Total
for CEO
Compensation
Actually
Paid to CEO(1)
Average
SCT
Total for
Other
NEOs
Average
Compensation
Actually
Paid to
Other
NEOs(1)
Value of
$100 Initial
Fixed
Investment
Based on
TSR(2)
Value of
$100 Initial
Fixed
Investment
Based
on 10-K/A
Peer
Group
TSR(3)
Net
Income
($000’s)
Company
Selected
Measure – 
Core
Earnings
Per
Share(4)
2023
$ 2,179,159 $ 2,542,829 $ 1,079,862 $ 674,115 $ 107 $ 100 $ 122,565 $ 2.24
2022
$ 2,494,467 $ 2,234,208 $ 1,272,385 $ 1,162,227 $ 101 $ 98 $ 128,311 $ 2.35
2021
$ 2,116,540 $ 3,053,103 $ 1,096,599 $ 1,630,556 $ 107 $ 114 $ 123,449 $ 2.45
2020
$ 2,443,872 $ 2,009,636 $ 1,268,627 $ 1,163,770 $ 82 $ 86 $ 100,344 $ 1.98
(1)
Amounts represent executive compensation actually paid to our CEO and the average executive compensation actually paid to our remaining NEOs for the relevant fiscal
year. Executive compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as follows:
2023
Summary Compensation for CEO Van A. Dukeman
$ 2,179,159
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table
$ (841,181)
Addition for the Fair Value of Equity Awards Granted and Related Dividend Equivalents during the year that Remain Outstanding and Unvested as of Year-End
$ 1,118,648
Addition for the Change in Fair Value of Awards Granted in Prior Years that were Unvested as of Year-End and Related Dividend
Equivalents
$ 161,641
Addition for the Change in Fair Value of Awards Granted in Prior Years that Vested during Year and Dividends Paid
$ (75,438)
Compensation Actually Paid to CEO
$ 2,542,829
2023
Average Summary Compensation for NEOs
$ 1,079,862
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table
$ (366,150)
Addition for the Fair Value of Equity Awards Granted and Related Dividend Equivalents during the year that Remain Outstanding and Unvested as of Year-End
$ 357,019
Addition for the Change in Fair Value of Awards Granted in Prior Years that were Unvested as of Year-End and Related Dividend
Equivalents
$ 45,742
Addition for the Change in Fair Value of Awards Granted in Prior Years that Vested during Year and Dividends Paid
$ (24,153)
Addition for the Change in Fair Value of Awards that were Forfeited during Year
$ (418,205)
Average Compensation Actually Paid to NEOs
$ 674,115
NEOs included in Average Summary Compensation and average compensation actually paid
Jeffrey D. Jones
Amy L. Randolph
John J. Powers
Monica L. Bowe(a)
Robin N. Elliott
(a)
Ms. Bowe was not an NEO in 2020, 2021 or 2022 and was therefore not included for those years.
(2)
Based on initial investment of  $100 as of December 31, 2019.
(3)
Based on initial investment of  $100 as of December 31, 2019 and a cumulative Total Shareholder Return of First Busey & S&P U.S. BMI Banks — Midwest Region.
(4)
Core Earnings Per Share is the same as adjusted diluted earnings per share, a non- GAAP financial measure — see Non-GAAP Financial Information in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2023.
     
Company Selected Measure Name Core Earnings Per Share      
Named Executive Officers, Footnote Jeffrey D. Jones
Amy L. Randolph
John J. Powers
Monica L. Bowe(a)
Robin N. Elliott
     
Peer Group Issuers, Footnote
(2)
Based on initial investment of  $100 as of December 31, 2019.
(3)
Based on initial investment of  $100 as of December 31, 2019 and a cumulative Total Shareholder Return of First Busey & S&P U.S. BMI Banks — Midwest Region.
     
PEO Total Compensation Amount $ 2,179,159 $ 2,494,467 $ 2,116,540 $ 2,443,872
PEO Actually Paid Compensation Amount $ 2,542,829 2,234,208 3,053,103 2,009,636
Adjustment To PEO Compensation, Footnote
(1)
Amounts represent executive compensation actually paid to our CEO and the average executive compensation actually paid to our remaining NEOs for the relevant fiscal
year. Executive compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as follows:
2023
Summary Compensation for CEO Van A. Dukeman
$ 2,179,159
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table
$ (841,181)
Addition for the Fair Value of Equity Awards Granted and Related Dividend Equivalents during the year that Remain Outstanding and Unvested as of Year-End
$ 1,118,648
Addition for the Change in Fair Value of Awards Granted in Prior Years that were Unvested as of Year-End and Related Dividend
Equivalents
$ 161,641
Addition for the Change in Fair Value of Awards Granted in Prior Years that Vested during Year and Dividends Paid
$ (75,438)
Compensation Actually Paid to CEO
$ 2,542,829
     
Non-PEO NEO Average Total Compensation Amount $ 1,079,862 1,272,385 1,096,599 1,268,627
Non-PEO NEO Average Compensation Actually Paid Amount $ 674,115 1,162,227 1,630,556 1,163,770
Adjustment to Non-PEO NEO Compensation Footnote
(1)
Amounts represent executive compensation actually paid to our CEO and the average executive compensation actually paid to our remaining NEOs for the relevant fiscal
year. Executive compensation actually paid to our NEOs represents the “Total” compensation reported in the Summary Compensation Table for the applicable fiscal year, adjusted as follows:
2023
Average Summary Compensation for NEOs
​​​$1,079,862​​
Deduction for Amounts Reported under the “Stock Awards” and “Option Awards” Columns in the Summary Compensation Table
​​​$(366,150)​​
Addition for the Fair Value of Equity Awards Granted and Related Dividend Equivalents during the year that Remain Outstanding and Unvested as of Year-End
​​​$357,019​​
Addition for the Change in Fair Value of Awards Granted in Prior Years that were Unvested as of Year-End and Related Dividend
Equivalents
​​​$45,742​​
Addition for the Change in Fair Value of Awards Granted in Prior Years that Vested during Year and Dividends Paid
​​​$(24,153)​​
Addition for the Change in Fair Value of Awards that were Forfeited during Year
​​​$(418,205)​​
Average Compensation Actually Paid to NEOs
​​​$674,115
     
Compensation Actually Paid vs. Total Shareholder Return [MISSING IMAGE: bc_peers-bw.jpg]      
Compensation Actually Paid vs. Net Income
[MISSING IMAGE: bc_netincome-bw.jpg]
     
Compensation Actually Paid vs. Company Selected Measure
[MISSING IMAGE: bc_coreeps-bw.jpg]
     
Total Shareholder Return Vs Peer Group [MISSING IMAGE: bc_peers-bw.jpg]      
Tabular List, Table
Pay Versus Performance Tabular List
We believe the following performance measures represent the most important financial performance measures used by us to link compensation actually paid to our NEOs for the fiscal year ended December 31, 2023:

Core Earnings Per Share

Asset Quality Ratio

Core Return on average Tangible Common Equity

Relative Total Shareholder Return

Non-Bank Revenue

Net Promoter Score

Gallup Engagement Score
     
Total Shareholder Return Amount $ 107 101 107 82
Peer Group Total Shareholder Return Amount 100 98 114 86
Net Income (Loss) $ 122,565 $ 128,311 $ 123,449 $ 100,344
Company Selected Measure Amount 2.24 2.35 2.45 1.98
PEO Name Van A. Dukeman      
Measure:: 1        
Pay vs Performance Disclosure        
Name Core Earnings Per Share      
Non-GAAP Measure Description
(4)
Core Earnings Per Share is the same as adjusted diluted earnings per share, a non- GAAP financial measure — see Non-GAAP Financial Information in the Company’s Annual Report on Form 10-K/A for the year ended December 31, 2023.
     
Measure:: 2        
Pay vs Performance Disclosure        
Name Asset Quality Ratio      
Measure:: 3        
Pay vs Performance Disclosure        
Name Core Return on average Tangible Common Equity      
Measure:: 4        
Pay vs Performance Disclosure        
Name Relative Total Shareholder Return      
Measure:: 5        
Pay vs Performance Disclosure        
Name Non-Bank Revenue      
Measure:: 6        
Pay vs Performance Disclosure        
Name Net Promoter Score      
Measure:: 7        
Pay vs Performance Disclosure        
Name Gallup Engagement Score      
PEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (841,181)      
PEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 1,118,648      
PEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 161,641      
PEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (75,438)      
Non-PEO NEO | Equity Awards Value In Summary Compensation Table (Grant Date Value) [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (366,150)      
Non-PEO NEO | Year-end Fair Value Of Awards Granted In The Current Fiscal Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 357,019      
Non-PEO NEO | Change In Fair Value Of Outstanding And Unvested Awards Granted In Prior Fiscal Years [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount 45,742      
Non-PEO NEO | Change In Fair Value As Of Vesting Date Of Prior Year Awards Vested During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount (24,153)      
Non-PEO NEO | Change In Fair Value Awards Forfeited During Current Year [Member]        
Pay vs Performance Disclosure        
Adjustment to Compensation, Amount $ (418,205)