Filing Flows › First Busey (BUSE) › Q4 2025
First Busey (BUSE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 26, 2026
First Busey (BUSE) reported revenue of $200M for the fourth quarter 2025 (Q4 2025), +71% from a year earlier and +2% from the quarter before. Operating margin was 38.7%, net earnings $60.8M (30.3% of revenue).
First Busey, Q4 2025: revenue $200M (+71% year over year), operating margin 38.7%, net earnings $60.8M, operating cash flow $72.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $200M | +2% | +71% |
| Operating profit | $77.5M | +0.2% | +107% |
| Net earnings | $60.8M | +6% | +116% |
| Operating cash flow | $72.2M | +16% | +38% |
| Free cash flow | $65.8M | +21% | +31% |
What changed
Revenue was $200.2M in Q4 2025, up 71% year over year and up 2% from the previous quarter.
Operating profit was $77.5M, a 38.7% margin (up 6.7 points year over year). Of the extra revenue versus a year earlier, 48% reached operating profit, above the 32% margin then. Total costs grew 55% against revenue growth of 71%. Net earnings were $60.8M, up 116% year over year. The effective tax rate was 21.6%.
Operating cash flow was $72.2M (up 38% year over year), 119% of net earnings. Non-cash charges added back $3.4M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $4.0M. Capital expenditures of $6.4M left free cash flow of $65.8M.
Questions
What was First Busey's revenue in the fourth quarter 2025?
First Busey (BUSE) reported revenue of $200M for the fourth quarter 2025 (Q4 2025), +71% from a year earlier and +2% from the quarter before.
Was First Busey profitable in the fourth quarter 2025?
Operating profit was $77.5M (38.7% of revenue) and net earnings $60.8M.
Source: First Busey 10-K on SEC EDGAR.