First Busey Reports Q1 Loss After CrossFirst Acquisition

First Busey reported a net loss of $30 million for Q1 2025, largely due to acquisition-related expenses from its recent merger with CrossFirst Bankshares, though adjusted net income reached $39.9 million, indicating underlying strength. The acquisition increased the company's total assets and is expected to enhance future financial performance by expanding Busey's market presence and operational capabilities. While the company’s reported earnings per share missed some analyst expectations, adjusted EPS of $0.57 surpassed consensus estimates and marked consistent outperformance in recent quarters. Revenue growth was strong but slightly missed some estimates, and the company has faced stock price declines year-to-date despite positive long-term outlooks. Analysts note Busey's robust balance sheet, efficient operations, and attractive dividend yield as strengths, though they caution about declining profit margins and recent bearish technical signals. Looking ahead, management remains optimistic about integrating CrossFirst and leveraging its expanded footprint for further growth.