First Busey Corporation's new 8.25% Series B Non-Cumulative Perpetual Preferred Stock (BUSEP) offers a high yield and favorable tax treatment. First Busey's solid capital structure and long dividend history provide some cushions for the preferred shares, but sector underperformance is a concern. Compared to unrated regional bank peers and B-rated peers from all sectors, BUSEP has high yield but...
LEAWOOD, Kan., May 20, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, today announced the closing of its previously announced underwritten public offering of 8,600,000 depositary shares (inclusive of 600,000 depositary shares offered in connection with the partial exercise of the underwriters' over-allotment opt...
LEAWOOD, Kan., May 14, 2025 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (Nasdaq: BUSE), the holding company for Busey Bank and CrossFirst Bank, announced the pricing of an underwritten public offering of 8,000,000 depositary shares, each representing a 1/40th ownership interest in a share of its 8.25% Fixed Rate Series B Non-Cumulative Perpetual Preferred Stock (the “Series B preferre...
NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA affirms the senior unsecured debt rating of BBB+, the subordinated debt rating of BBB, and the short-term debt rating of K2 for Leawood, Kansas based First Busey Corporation (NASDAQ: BUSE) (“the company”). In addition, KBRA assigns a preferred shares rating of BBB- to BUSE. KBRA also affirms the deposit and senior unsecured debt ratings of A...
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