First Busey Corp reports results for the quarter ended in September 30 - Earnings Summary

First Busey

23/10/2024 05:10

* First Busey Corp  BUSE.OQ  reported quarterly adjusted
earnings
of 58 cents​​ per share for the quarter ended September 30,
higher than the same quarter last year, when the company
reported EPS of 54 cents.  The mean expectation of six analysts
for the quarter was for earnings of 54 cents per share. Wall
Street expected results to range from 53 cents to 55 cents per
share.
    * Revenue rose 8.9% to $118.49 million from a year ago;
analysts
expected $119.02 million. 
    * First Busey Corp's reported EPS for the quarter was 55
cents​.
    * The company reported quarterly net income of $32 million.
    * First Busey Corp shares had fallen by 4.8% this
quarter and
lost 0.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"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 31.50 
This summary was machine generated from LSEG data October 23 at
04:10 a.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
 Sep. 30 2024      0.54           0.58           Beat
 Jun. 30 2024      0.50           0.50           Met
 Mar. 31 2024      0.49           0.46           Missed
 Dec. 31 2023      0.50           0.46           Missed