First Busey beats Q4 adjusted EPS expectations

First Busey

27/01/2026 22:08

Overview

U.S.-based bank's Q4 adjusted EPS beat analyst expectations

Net interest margin expanded to 3.71%, driven by deposit cost control

Company completed CrossFirst merger, boosting noninterest income

Outlook

Company well positioned for 2026 with strong capital and liquidity

Company continues strategic reduction of high-cost, non-relationship deposits

Company expects seasonal inflows of public funds in Q2 and Q3 2026

Result Drivers

DEPOSIT COST CONTROL - Net interest margin expanded to 3.71%, driven by effective deposit cost control

WEALTH MANAGEMENT INCOME - Record quarter for wealth management fee income due to strong investment performance and positive net flows

DEPOSIT STRATEGY - Strategic reduction of high-cost, non-relationship deposits led to a decrease in total deposits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted EPS
Beat
$0.68
$0.62 (6 Analysts)
Q4 EPS
$0.63
Q4 Adjusted Net Income
Beat
$65.20 mln
$55.18 mln (4 Analysts)
Q4 Net Income
$60.75 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy"

Wall Street's median 12-month price target for First Busey Corp is $26.00, about 5.2% above its January 26 closing price of $24.72

The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: ID:nGNX3Lsbyz

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)