First Busey: The Preferred Shares With A 7.5% Yield To Call Are A 'Buy'

First, Busey demonstrates robust financial health, with a conservative balance sheet and CET1 ratio of 12.5%, well above regulatory minimums. Net income attributable to common shareholders rose 30% year-over-year, driven by stable net interest income, lower expenses, and reduced loan loss provisions. Non-accrual loans represent just 0.5% of the loan book, with provisions exceeding $160M, reflecting prudent underwriting and strong credit quality.