First Busey Corp 2025年度报告

WASHINGTON, D.C. 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December31, 2025 TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Nevada (State or other jurisdiction of incorporation of organization) (I.R.S. Employer Identification No.) 11440 Tomahawk Creek ParkwayLeawood, Kansas 66211(Address of principal executive offices) (Zip code)Registrant’s telephone number, including area code(217) 365-4544Securities registered pursuant to Section12(b) of the Act: Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule405 of the Securities Act.Yes☑No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section13 or Section15(d) of the Act.Yes☐No☑ Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing requirements for thepast 90 days.Yes☑No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☑No☐Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerginggrowth company. See the definition of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 ofthe Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large accelerated filer☑Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control overfinancial reporting under Section404(b) of the Sarbanes-Oxley Act (15U.S.C.7262(b)) by the registered public accounting firm that prepared or issued its auditreport.☑ If securities are registered pursuant to Section12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflectthe correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by anyof the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Act).Yes☐No☑ The aggregate market value of the voting and non-voting common equity held by non-affiliates on June30, 2025, was $1.95billion, determined using a per shareclosing price for the registrant’s common stock on that date of $22.89, as quoted on The Nasdaq Global Select Market. In calculating the market value of securitiesheld by non-affiliates of the registrant as of June30, 2025, the registrant has treated as securities held by affiliates the voting and non-voting stock owned by itsdirectors and principal executive officers, voting stock for which its directors hold voting power, and voting and non-voting stock held by the First Busey CorporationPlan and Trust in a fiduciary capacity for benefit of its directors and principal executive officers. This calculation does not reflect a determination that persons areaffiliates for any other purposes. As of February26, 2026, there were 86,227,449 shares of the registrant’s common stock, $0.001 par value, outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the definitive Proxy Statement for the 2026 Annual Meeting of Stockholders of First Busey Corporation to be held May20, 2026, are incorporated byreference in this Form10-K in response to PartIII. First Busey Corporation(BUSE)| 2025 —2 FIRST BUSEY CORPORATIONFORM 10-K ANNUAL REPORT TABLE OF CONTENTS GLOSSARY6PARTIITEM1. BUSINESS8Organization8Business Combinations9Banking Center Markets11Human Capital14Corporate Governance15Supervision, Regulation, and Other Factors15Securities And Exchange Commission Reporting and Other Information28Non-GAAP Financial Information28Forward-Looking Statements34ITEM1A. RISK FACTORS36Economic and Market Risks36Regulatory and Legal Risks37Credit and Lending Risks38Capital and Liquidity Risks40Competitive and Strategic Risks41Accounting and Tax Risks45Operational Risks46ITEM1B. UNRESOLVED STAF