Filing Flows › First Busey (BUSE) › Q2 2025
First Busey (BUSE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
First Busey (BUSE) reported revenue of $198M for the second quarter 2025 (Q2 2025), +70% from a year earlier and +58% from the quarter before. Operating margin was 32.6%, net earnings $47.4M (23.9% of revenue).
First Busey, Q2 2025: revenue $198M (+70% year over year), operating margin 32.6%, net earnings $47.4M, operating cash flow $49.5M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $198M | +58% | +70% |
| Operating profit | $64.5M | — | +68% |
| Net earnings | $47.4M | — | +73% |
| Operating cash flow | $49.5M | +491% | +74% |
| Free cash flow | $46.1M | +601% | +75% |
What changed
Revenue was $198.0M in Q2 2025, up 70% year over year and up 58% from the previous quarter.
Operating profit was $64.5M, a 32.6% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 32% reached operating profit, below the 33% margin then. Total costs grew 72% against revenue growth of 70%. Net earnings were $47.4M, up 73% year over year. The effective tax rate was 26.5%.
Operating cash flow was $49.5M (up 74% year over year), 104% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $5.4M of share-based compensation. Working capital and other items used $6.8M. Capital expenditures of $3.4M left free cash flow of $46.1M.
Questions
What was First Busey's revenue in the second quarter 2025?
First Busey (BUSE) reported revenue of $198M for the second quarter 2025 (Q2 2025), +70% from a year earlier and +58% from the quarter before.
Was First Busey profitable in the second quarter 2025?
Operating profit was $64.5M (32.6% of revenue) and net earnings $47.4M.
Source: First Busey 10-Q on SEC EDGAR.