KBRA affirmed First Busey Corporation's senior unsecured debt rating of BBB+, subordinated debt rating of BBB, and short-term debt rating of K2 on October 3, 2025. Additionally, KBRA assigned a preferred shares rating of BBB- to BUSE, with a Stable Outlook for all long-term ratings.
The ratings are supported by Busey's consistent earnings profile, which includes an adjusted core return on average assets of 1.09% in Q1 2025, and a diversified revenue base. The net interest margin increased to 3.16% in Q1 2025, aided by proactive balance sheet repositioning and the CrossFirst Bankshares acquisition.
Credit quality remains sound, with modest increases in nonperforming and classified assets post-acquisition primarily being acquisition-driven rather than indicative of broader portfolio deterioration. The allowance for credit losses stands at 1.41% of loans, providing 3.57 times coverage of non-performing loans, offering meaningful downside protection.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.