First Busey (BUSE) Proxy Filing summary
Event summary combining transcript, slides, and related documents.
Proxy Filing summary
2 Dec, 2025Executive summary
The 2025 Annual Meeting will be held virtually on May 29, 2025, with voting and Q&A available online.
Key business includes electing 13 directors, a say-on-pay vote, and ratifying the external auditor.
The company completed a major merger with CrossFirst Bankshares, expanding the board and leadership.
2024 financial highlights: $113.7M net income, $1.98 EPS, strong capital ratios, and increased dividends.
Compensation and governance practices were updated post-merger to align with the larger organization.
Voting matters and shareholder proposals
Shareholders will vote on electing 13 directors for a one-year term, a non-binding say-on-pay proposal, and ratification of RSM US LLP as auditor.
No shareholder proposals or nominations were received for this meeting.
Voting can be done online, by phone, mail, or during the virtual meeting; broker nonvotes apply to non-routine matters.
Board of directors and corporate governance
The board expanded to 13 members post-merger, with 8 legacy and 5 CrossFirst directors.
Board committees: Audit, Compensation, Nominating, and Enterprise Risk, all with independent directors.
Board leadership succession plan: Dukeman remains CEO/Chairman, Maddox becomes CEO after the succession period.
Lead independent director role established for two years post-merger.
Directors are subject to stock ownership requirements and a code of ethics.
Latest events from First Busey
- Record 4Q25 profitability, wealth management growth, and strong capital returns achieved.BUSE
Q4 202527 Jan 2026 - All-stock merger forms a $20B bank with 77 locations, targeting strong EPS accretion and cost savings.BUSE
M&A Announcement23 Jan 2026 - Annual meeting to elect 13 directors, approve pay, and ratify auditor, all via virtual vote.BUSE
Proxy Filing2 Dec 2025 - Q3 2025 saw strong earnings, asset growth, and improved efficiency from acquisition synergies.BUSE
Q3 20256 Nov 2025 - Q2 2025 earnings surged on CrossFirst integration, higher margins, and strong capital ratios.BUSE
Q2 20255 Aug 2025 - Q3 net income rose, record Wealth Management revenue, and CrossFirst merger announced.BUSE
Q3 202413 Jun 2025 - Net income was $27.4M as NIM rose to 3.03% and tangible book value per share grew 11.3%.BUSE
Q2 202413 Jun 2025 - CrossFirst deal drove asset growth and strong adjusted earnings despite one-time Q1 costs.BUSE
Q1 20256 Jun 2025 - 4Q24 delivered strong earnings, record wealth revenue, and major merger progress.BUSE
Q4 20245 Jun 2025