First Busey (BUSE) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for nonrecurring items. Over the last four quarters, the company has surpassed consensus EPS estimates three times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the ...

MESSAGE FROM OUR CHAIRMAN & CEO Net income for First Busey Corporation ("Busey," "Company," "we," "us," or "our") was $27.4 million for the second quarter of 2024, or $0.47 per diluted common share, compared to $26.2 million, or $0.46 per diluted common share, for the first quarter of 2024, and $29.4 million, or $0.52 per diluted common share, for the second quarter of 2023. Adjusted net income1, which excludes the impact of acquisition and restructuring expenses, was $29.0 million, or $0.50 per diluted com ...

This earnings release contains certain financial information determined by methods other than GAAP. Management uses these non-GAAP measures, together with the related GAAP measures, in analysis of Busey's performance and in making business decisions, as well as for comparison to Busey's peers. Busey believes the adjusted measures are useful for investors and management to understand the effects of certain non-core and non-recurring noninterest items and provide additional perspective on Busey's performance ...

July 23, 2024 First Busey Corporation Announces 2024 Second Quarter Earnings CHAMPAIGN, IL – (GLOBE NEWSWIRE) – First Busey Corporation (Nasdaq: BUSE) SECOND QUARTER 2024 HIGHLIGHTS For additional information, please refer to the 2Q24 Earnings Investor Presentation. Second Quarter Financial Results Second quarter results included $0.4 million in net securities losses, nearly all of which were unrealized, as well as an additional $0.3 million gain on the mortgage servicing right sale previously announced in ...

29 Recorded InvestmentAverage Recorded Investment With No AllowanceWith Allowance TotalRelated Allowance Loans evaluated individually Commercial loans: C&I and other commercial $ 7,283 $ 585 $ 1,785 $ 2,370 $ 785 $ 5,244 Commercial real estate 2,600 610 85 695 85 3,865 Real estate construction — — — — — 49 Commercial loans evaluated individually 9,883 1,195 1,870 3,065 870 9,158 Management estimates the ACL balance using relevant available information from internal and external sources, relating to past eve ...

First Busey (BUSE) reported $110.77 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 5.9%. EPS of $0.47 for the same period compares to $0.65 a year ago.The reported revenue represents a surprise of +1.57% over the Zacks Consensus Estimate of $109.06 million. With the consensus EPS estimate being $0.49, the EPS surprise was -4.08%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine ...

First Busey (BUSE) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -4.08%. A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.52, delivering a surprise of 6.12%.Over the last four quarters, the ...

| --- | --- | --- | --- | --- | --- | --- | --- | |----------------------------------------------------------|-------|-------|----------------|-------|----------------------------------------|-------|----------------| | | | | March 31, 2024 | | Three Months Ended \nDecember 31, 2023 | | March 31, 2023 | | PRE-PROVISION NET REVENUE | | | | | | | | | Net interest income | | $ | 75,767 | $ | 77,133 | $ | 85,857 | | Total noninterest income | | | 35,000 | | 31,516 | | 31,848 | | Net security (gains) losses | | ...

CHAMPAIGN, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (NASDAQ:BUSE)   Net Income of $26.2 millionDiluted EPS of $0.46   FIRST QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $26.5 million, or $0.47 per diluted common shareNet interest margin1 increased by 5 basis points during the first quarter of 2024 to 2.79%Executed a two-part balance sheet repositioning expected to be both capital and earnings accretiveAdjusted noninterest income1 of $33.9 million, or 30.9% of operating revenue2Rec ...

First Busey Corporation (BUSE) announced that it completed the acquisition of Merchants and Manufacturers Bank Corporation (“M&M’’). BUSE entered the agreement in November 2023 in an effort to fortify its growing presence in the Chicago suburban market by expanding its deposit market share in DuPage and Will counties. Additionally, the merger will help the company strengthen its commercial banking and wealth management businesses in the coming years.  Merchants and Manufacturers Bank is a locally-owned comm ...