First Busey Corp
BUSE
Market cap $1.4B

24.66 USD

-0.09

0.36%

At close Oct 3, 4:00 PM EDT

After hours

24.66

+0.00

0%

1 day

-0.36%

5 days

-5.34%

1 month

-10.29%

3 months

4.01%

6 months

7.08%

Year to date

-0.88%

1 year

32.15%

5 years

0.08%

About: First Busey Corporation is a financial holding company, whose subsidiaries provides retail and commercial banking services, remittance processing, and offers financial products and services with banking centers in Illinois, Missouri, Florida, and Indiana. The company's operations are managed through three operating segments consisting of Banking, FirsTech, and Wealth Management. The banking segment generates a vast majority of its revenue.

Employees: 1,522

Financials State Commercial Banks

0

Funds holding %

of 6,728 funds

0

Analysts bullish %

of 4 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

19% more first-time investments, than exits

New positions opened: 19 | Existing positions closed: 16

16% more repeat investments, than reductions

Existing positions increased: 58 | Existing positions reduced: 50

2% more funds holding

Funds holding: 159 [Q1] → 162 (+3) [Q2]

2% more capital invested

Capital invested by funds: $779M [Q1] → $792M (+$12.9M) [Q2]

0.98% less ownership

Funds ownership: 58.65% [Q1] → 57.67% (-0.98%) [Q2]

See Fund Rankings

Research analyst outlook

4 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$29

18%

upside

Avg. target

$31

26%

upside

High target

$33

34%

upside

4 analyst ratings

3 positive

75%

1 neutral

25%

0 negative

0%

Stephens & Co. Terry McEvoy 76% 1-year accuracy 16 / 21 met price target	26%upside $31	Overweight Reiterated	29 Aug 2024
Keefe, Bruyette & Woods Damon Delmonte 42% 1-year accuracy 5 / 12 met price target	34%upside $33	Outperform Maintained	28 Aug 2024
DA Davidson Jeff Rulis 57% 1-year accuracy 4 / 7 met price target	18%upside $29	Neutral Maintained	28 Aug 2024
Keefe, Bruyette & Woods Damon Delmonte 42% 1-year accuracy 5 / 12 met price target	26%upside $31	Outperform Reiterated	25 Jul 2024

See Analyst Rankings

Financial journalist opinion

Zacks Investment Research

Is First Busey's Merger Deal With CrossFirst a Strategic Move?

The merger deal with CrossFirst will increase BUSE's asset size and fortify its commercial banking businesses.

Is First Busey's Merger Deal With CrossFirst a Strategic Move?

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CrossFirst Bankshares, Inc.

NEW YORK , Aug. 27, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by CrossFirst Bankshares, Inc. (NASDAQ: CFB) and its board of directors concerning the proposed acquisition of the company by First Busey Corporation (NASDAQ: BUSE). Stockholders will receive 0.6675 shares of First Busey common stock for each share of CrossFirst Bankshares stock that they hold.

ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of CrossFirst Bankshares, Inc.

BUSE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Busey Corporation Is Fair to Shareholders

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of First Busey Corporation (NASDAQ: BUSE) and CrossFirst Bankshares, Inc. is fair to Busey shareholders. Upon completion of the proposed transaction, Busey's shareholders will own approximately 63.5% of the combined company. Halper Sadeh encourages Busey shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0.

BUSE Stock Alert: Halper Sadeh LLC Is Investigating Whether the Merger of First Busey Corporation Is Fair to Shareholders

Zacks Investment Research

First Busey (BUSE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for First Busey (BUSE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Busey (BUSE) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

First Busey (BUSE) Q2 Earnings Surpass Estimates

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.

First Busey (BUSE) Q2 Earnings Surpass Estimates

First Busey Corporation Announces 2024 Second Quarter Earnings

CHAMPAIGN, Il., July 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Net Income of $27.4 million Diluted EPS of $0.47 SECOND QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $29.0 million, or $0.50 per diluted common share Net interest margin1 increased by 24 basis points to 3.03% from 2.79% in the prior quarter Noninterest income of $33.8 million, and adjusted noninterest income1 of $33.9 million, or 29.1% of operating revenue1 Record high quarterly revenue for both the Wealth Management and FirsTech operating segments Finalized the acquisition of Merchants & Manufacturers Bank Corporation (“M&M”) and its wholly owned subsidiary Merchants & Manufacturers Bank (“M&M Bank”) on April 1, 2024, and completed the integration of M&M Bank into Busey Bank on June 21, 2024 Tangible book value per common share1 of $16.97 at June 30, 2024, compared to $16.84 at March 31, 2024, and $15.25 at June 30, 2023, a year-over-year increase of 11.3% Tangible common equity1 increased to 8.36% of tangible assets at June 30, 2024, compared to 8.12% at March 31, 2024, and 7.18% at June 30, 2023 For additional information, please refer to the 2Q24 Earnings Investor Presentation.

First Busey Corporation Announces 2024 Second Quarter Earnings

Zacks Investment Research

First Busey (BUSE) Reports Q1 Earnings: What Key Metrics Have to Say

The headline numbers for First Busey (BUSE) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

First Busey (BUSE) Reports Q1 Earnings: What Key Metrics Have to Say

Zacks Investment Research

First Busey (BUSE) Misses Q1 Earnings Estimates

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.

First Busey (BUSE) Misses Q1 Earnings Estimates

First Busey Corporation Announces 2024 First Quarter Earnings

CHAMPAIGN, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Net Income of $26.2 million Diluted EPS of $0.46 FIRST QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $26.5 million, or $0.47 per diluted common share Net 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 accretive Adjusted noninterest income1 of $33.9 million, or 30.9% of operating revenue2 Record high revenue for FirsTech during the first quarter of 2024, and second-best quarter in Wealth Management division history Received regulatory and shareholder approvals needed to finalize the acquisition of Merchants & Manufacturers Bank Corporation and its wholly owned subsidiary Merchants & Manufacturers Bank, which was completed on April 1, 2024 Tangible book value per common share1 of $16.84 at March 31, 2024, compared to $16.62 at December 31, 2023, and $15.14 at March 31, 2023, a year-over-year increase of 11.2% Tangible common equity1 increased to 8.12% of tangible assets at March 31, 2024, compared to 7.75% at December 31, 2023, and 7.05% at March 31, 2023 For additional information, please refer to the 1Q24 Earnings Investor Presentation MESSAGE FROM OUR CHAIRMAN & CEO First Quarter Financial Results Net income for First Busey Corporation (“Busey,” “Company,” “we,” “us,” or “our”) was $26.2 million for the first quarter of 2024, or $0.46 per diluted common share, compared to $25.7 million, or $0.46 per diluted common share, for the fourth quarter of 2023, and $36.8 million, or $0.65 per diluted common share, for the first quarter of 2023.

First Busey Corporation Announces 2024 First Quarter Earnings

Zacks Investment Research

First Busey (BUSE) Closes Merchants and Manufacturers Bank Buyout

First Busey (BUSE) buys Merchants and Manufacturers Bank. The deal is set to aid geographical expansion, increase the deposit balance, and expand the commercial banking and wealth management businesses.

First Busey (BUSE) Closes Merchants and Manufacturers Bank Buyout

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