First Busey (BUSE) Surpasses Q1 Earnings Estimates

Group 1 - First Busey reported quarterly earnings of $0.57 per share, exceeding the Zacks Consensus Estimate of$ 0.53 per share, and up from $0.47 per share a year ago, representing an earnings surprise of 7.55% [1] - The company posted revenues of$ 124.95 million for the quarter ended March 2025, which missed the Zacks Consensus Estimate by 9.55%, compared to year-ago revenues of $110.77 million [2] - First Busey shares have declined approximately 15.6% since the beginning of the year, while the S&P 500 has decreased by 12.3% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is$ 0.62 on revenues of $193.68 million, and for the current fiscal year, it is$ 2.54 on revenues of $730.02 million [7] - The Zacks Industry Rank for Banks - Midwest is in the top 13% of over 250 Zacks industries, indicating a favorable outlook for the industry [8] - Independent Bank, another company in the same industry, is expected to report quarterly earnings of$ 0.70 per share, reflecting a year-over-year change of -7.9% [9]