First Busey Management
Management criteria checks 3/4
First Busey's CEO is Van Dukeman, appointed in Aug 2007, has a tenure of 17.42 years. total yearly compensation is $2.18M, comprised of 33.3% salary and 66.7% bonuses, including company stock and options. directly owns 0.46% of the company’s shares, worth €6.00M. The average tenure of the management team and the board of directors is 5.5 years and 7.1 years respectively.
Key information
Van Dukeman
Chief executive officer
US$2.2m
Total compensation
| CEO salary percentage | 33.3% |
| CEO tenure | 17.4yrs |
| CEO ownership | 0.5% |
| Management average tenure | 5.5yrs |
| Board average tenure | 7.1yrs |
Recent management updates
Recent updates
CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Sep 30 2024 | n/a | n/a | US$111m |
| Jun 30 2024 | n/a | n/a | US$110m |
| Mar 31 2024 | n/a | n/a | US$112m |
| Dec 31 2023 | US$2m | US$725k | US$123m |
| Sep 30 2023 | n/a | n/a | US$131m |
| Jun 30 2023 | n/a | n/a | US$136m |
| Mar 31 2023 | n/a | n/a | US$137m |
| Dec 31 2022 | US$2m | US$720k | US$128m |
| Sep 30 2022 | n/a | n/a | US$124m |
| Jun 30 2022 | n/a | n/a | US$114m |
| Mar 31 2022 | n/a | n/a | US$114m |
| Dec 31 2021 | US$2m | US$694k | US$123m |
| Sep 30 2021 | n/a | n/a | US$122m |
| Jun 30 2021 | n/a | n/a | US$127m |
| Mar 31 2021 | n/a | n/a | US$123m |
| Dec 31 2020 | US$2m | US$675k | US$100m |
| Sep 30 2020 | n/a | n/a | US$101m |
| Jun 30 2020 | n/a | n/a | US$95m |
| Mar 31 2020 | n/a | n/a | US$93m |
| Dec 31 2019 | US$2m | US$662k | US$103m |
| Sep 30 2019 | n/a | n/a | US$100m |
| Jun 30 2019 | n/a | n/a | US$102m |
| Mar 31 2019 | n/a | n/a | US$102m |
| Dec 31 2018 | US$2m | US$634k | US$99m |
Compensation vs Market: Van's total compensation ($USD2.18M) is above average for companies of similar size in the German market ($USD1.50M).
Compensation vs Earnings: Van's compensation has been consistent with company performance over the past year.
CEO
Van Dukeman (65 yo)
17.4yrs
Tenure
US$2,179,159
Compensation
Mr. Van A. Dukeman, CFA, is Chairman and Chief Executive Officer of First Busey Corporation and Busey Bank. Mr. Dukeman also serves as a director of FirsTech, Inc. Mr. Dukeman served as President & Chief E...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 17.4yrs | US$2.18m | 0.46% € 6.0m | |
| Executive VP & CFO | 5.5yrs | US$1.21m | 0.041% € 537.7k | |
| Executive VP & COO | 1.3yrs | US$1.09m | 0.062% € 805.3k | |
| Executive VP | 13.1yrs | US$953.68k | 0.22% € 2.9m | |
| Executive VP & Chief Risk Officer | 5yrs | US$849.31k | 0.012% € 157.0k | |
| Vice President of Corporate Development and Investor Relations | no data | no data | no data |
5.5yrs
Average Tenure
50yo
Average Age
Experienced Management: FBYN's management team is seasoned and experienced (5.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO | 17.4yrs | US$2.18m | 0.46% € 6.0m | |
| Independent Director | 4.3yrs | US$123.50k | 0.050% € 648.7k | |
| Vice Chairman of the Board | 18yrs | US$133.38k | 0.48% € 6.2m | |
| Independent Director | 12yrs | US$130.00k | 0.29% € 3.8m | |
| Independent Lead Director | 9yrs | US$142.50k | 0.71% € 9.2m | |
| Independent Director | 6.7yrs | US$141.88k | 0.29% € 3.8m | |
| Independent Director | 5.3yrs | US$123.50k | 0.059% € 770.6k | |
| Independent Director | 2.7yrs | US$123.50k | 0.0088% € 114.8k | |
| Independent Director | 7.5yrs | US$123.50k | 0.41% € 5.4m | |
| Independent Director | 6yrs | US$131.55k | 0.21% € 2.7m |
7.1yrs
Average Tenure
65yo
Average Age
Experienced Board: FBYN's board of directors are considered experienced (7.1 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/01/02 01:38 |
| End of Day Share Price | 2025/01/02 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
First Busey Corporation is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Stephen Moss | B. Riley Securities, Inc. |
| Jeffrey Rulis | D.A. Davidson & Co. |
| Robert Ramsey | FBR Capital Markets & Co. |