First Busey Q1 adjusted EPS rises 17.5% on wealth management fees

First Busey

28/04/2026 22:11

Overview

U.S. regional bank's Q1 adjusted EPS rose 17.5% yr/yr to $0.67, GAAP EPS was $0.52

Company repurchased $65.6 mln in stock during the quarter

Wealth management fees reached a record; efficiency ratio improved to 54.8%

Outlook

Company says new business pipelines are building for the rest of the yr

First Busey says it remains well positioned in a volatile macro environment

Company continues to embed rate protection in asset originations to manage net interest income

Result Drivers

WEALTH MANAGEMENT FEES - Record wealth management fees driven by higher trust and seasonal farm management fees

COST SYNERGIES - Efficiency ratio improved as co identified and executed additional cost synergies from CrossFirst acquisition

NONINTEREST EXPENSES - Noninterest expense rose due to acquisition and restructuring charges, including costs tied to executive departure

Company press release: ID:nGNX8J0fgq

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.52
Q1 Net Income
$49.98 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 "hold."

Wall Street's median 12-month price target for First Busey Corp is $27.50, about 3.7% above its April 27 closing price of $26.51

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

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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.)