First Busey Corp reports results for the quarter ended in March - Earnings Summary

First Busey

23/04/2024 23:01

* First Busey Corp  BUSE.OQ  reported quarterly adjusted
earnings
of 46 cents​​ per share for the quarter ended in March, lower
than the same quarter last year, when the company reported EPS
of 65 cents.  The mean expectation of six analysts for the
quarter was for earnings of 49 cents per share. Wall Street
expected results to range from 46 cents to 51 cents per share.
    * Revenue fell 26.8% to $86.19 million from a year ago;
analysts
expected $109.09 million. 
    * First Busey Corp's reported EPS for the quarter was 46
cents​.
    * The company reported quarterly net income of $26.23
million.
    * First Busey Corp shares had fallen by 4.8% this
quarter and
lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "buy"

Wall Street's median 12-month price target for First Busey Corp
is $28.00 
This summary was machine generated from LSEG data April 23 at
10:00 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2024      0.49           0.46           Missed
 Dec. 31 2023      0.50           0.46           Missed
 Sep. 30 2023      0.51           0.54           Beat
 Jun. 30 2023      0.56           0.52           Missed