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20.05.25 - 23:03
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First Busey Corporation Closes Depositary Share Offering (GlobeNewswire EN)
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LEAWOOD, Kan., May 20, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, today announced the closing of its previously announced underwritten public offering of 8,600,000 depositary shares (inclusive of 600,000 depositary shares offered in connection with the partial exercise of the underwriters' over-allotment option), each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share). As a result of the public offering, Busey received proceeds of approximately $207,477,500, net of estimated expenses and underwriting discounts and commissions....
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14.05.25 - 15:03
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First Busey Corporation Prices Depositary Share Offering (GlobeNewswire EN)
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LEAWOOD, Kan., May 14, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, announced the pricing of an underwritten public offering of 8,000,000 depositary shares, each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock (the “Series B preferred stock”), with a liquidation preference of $1,000 per share (equivalent to $25.00 per depositary share)....
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14.05.25 - 01:00
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KBRA Affirms Ratings for First Busey Corporation; Assigns Preferred Shares Rating (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#creditratingagency--KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Leawood, Kansas based First Busey Corporation (NASDAQ: BUSE) (“the company”). In addition, KBRA assigns a preferred shares rating of BBB- to BUSE. KBRA also affirms the deposit and senior unsecured debt ratings of A-, the subordinated debt rating of BBB+, and the short-term deposit and debt ratings of K2 for its subsidiary, Busey Bank. The Outlook for all long-term ratings is Stable.
Key Credit Considerations
First Busey's ratings are well-positioned in the rating category and supported by a strong and consistent earnings profile underpinned by a well-diversified revenue base, solid asset quality, and a comparatively low-cost, stable core deposit franchise. The company has maintained a solid track record of adjusted core ROA in the ~1.00%–1.10% range over the last five years, including 1.09% in 1Q25, which compares favor...
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