Try our mobile app

Switch to company model in classical logic    *

General information

Country: UNITED STATES

Sector: Banks — Regional

First Busey Corporation provides banking services. The Bank offers commercial, retail, and correspondent banking, as well as trust, insurance, wealth management, e-banking, securities, real estate, and travel services. First Busey serves customers in the State of Illinois.
Website: busey.com



Growth: Bad revenue growth rate -15.4%, there is slowdown compared to average historical growth rates -9.9%. The revenue growth dynamics is unstable Site traffic for the last 3 months showed a change of -20.0%

Profitability: LTM net profit margin is positive, +38.4%. On average the margin is decreasing unsteadily. Gross margin is high, +90.3%. In the last quarter the company beat the estimated EPS, +1.6%. The company was ahead of estimated EPS in 60% of quarters (showing a gain of -$0.01 per share on average)

Cash Flow Generation: Dividend yield for the last twelve months 4.2%.

Undervaluation: Fundamental value created in LTM (estimate)


Entry Point: Share price is 34.5% higher than minimum and 22.9% lower than maximum for the last 3 years

AI Insight: the companies with similar growth trajectories, Net Income margin, industries and geography on average are valued 2.8x by P / Sales multiple , the company can be 30.0% overvalued

Insiders: For the last 3 months insiders sold company shares on $0.0 mln (-0.002% of cap.)

Key Financials (Download financials)

Ticker: BUSE
Share price, USD:  (+4.3%)22.81
year average price 21.38  


year start price 18.92 2023-04-22

min close price 16.96 2023-05-11

max close price 25.41 2023-12-26

current price 22.81 2024-04-20
Common stocks: 55 403 662

Dividend Yield:  4.2%
P / E LTM: 10.3x
P / E annualized: 12.2x
Last revenue growth (y/y):  -15.4%
Last growth of Net Income (y/y):  -23.5%
Historical revenue growth:  -9.9%
Historical growth of Net Income:  16.7%
P / Sales: 3.9x
Margin (Net Income LTM / Revenue): 38.4%
Fundamental value created in LTM:
Market Cap ($m): 1 264
Price to Book: 1.0x

Revenue and Net Income

Quarterly values ($m)

Change (y/y)

Share price and dividends (Download history)

Share price

Payment USD per share

Multiple and potential

EV / Sales

Potential dynamics

News


2024-04-02Zacks Investment Research

First Busey (BUSE) Closes Merchants and Manufacturers Bank Buyout

2024-01-23Zacks Investment Research

Compared to Estimates, First Busey (BUSE) Q4 Earnings: A Look at Key Metrics

2024-01-23Zacks Investment Research

First Busey (BUSE) Tops Q4 Earnings and Revenue Estimates

2024-01-16Zacks Investment Research

Earnings Preview: First Busey (BUSE) Q4 Earnings Expected to Decline

2023-12-14Zacks Investment Research

Strength Seen in First Busey (BUSE): Can Its 5.2% Jump Turn into More Strength?

2023-11-28Zacks Investment Research

First Busey (BUSE) to Acquire Merchants & Manufacturers Bank

2023-10-24Zacks Investment Research

First Busey (BUSE) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

2023-07-26Zacks Investment Research

First Busey (BUSE) Reports Q2 Earnings: What Key Metrics Have to Say

2023-07-25Zacks Investment Research

First Busey (BUSE) Misses Q2 Earnings and Revenue Estimates

2023-06-14Zacks Investment Research

New Strong Sell Stocks for June 14th
More information for subscribed users:
detailed calculation of
Fundamental value created in LTM

Financial reporting

Income Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BUSE BUSE BUSE BUSE BUSE BUSE
reportedCurrency USD USD USD USD USD USD
cik 314 489 314 489 314 489 314 489 314 489 314 489
fillingDate 2024-02-23 2023-11-02 2023-08-03 2023-05-04 2023-02-23 2022-11-03
acceptedDate 2024-02-22 21:08:27 2023-11-02 16:02:15 2023-08-03 16:04:38 2023-05-04 16:03:21 2023-02-23 16:07:48 2022-11-03 16:05:22
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
revenue 129M 109M 107M 118M 120M 117M
costOfRevenue 12M 0 10M 11M 0 0
grossProfit 116M 109M 96M 106M 120M 117M
grossProfitRatio 0.903 1.000 0.904 0.904 1.000 1.000
researchAndDevelopmentExpenses 0 0 0 0 0 0
generalAndAdministrativeExpenses 3M 41M 41M 40M 48M 45M
sellingAndMarketingExpenses 0 0 0 0 0 0
sellingGeneralAndAdministrativeExpenses 3M 41M 41M 40M 48M 45M
otherExpenses -26M -112M 0 9M 12M 0
operatingExpenses 3M -71M 973 000 11M 14M 0
costAndExpenses 15M -71M 11M 11M 14M 0
interestIncome 32M 123M 117M 111M 106M 95M
interestExpense 52M 45M 38M 25M 15M 9M
depreciationAndAmortization 2M 3M 3M 3M 3M 6M
ebitda 114M 40M 106M 72M 66M 60M
ebitdaratio 0.883 0.368 0.991 0.608 0.553 0.508
operatingIncome 114M 37M 103M 69M 64M 53M
operatingIncomeRatio 0.883 0.345 0.966 0.585 0.529 0.454
totalOtherIncomeExpensesNet -80M 37M -66M -23M -18M -9M
incomeBeforeTax 33M 37M 37M 46M 46M 44M
incomeBeforeTaxRatio 0.258 0.345 0.345 0.394 0.380 0.376
incomeTaxExpense 7M 7M 7M 10M 11M 8M
netIncome 26M 31M 29M 37M 34M 36M
netIncomeRatio 0.200 0.282 0.275 0.313 0.286 0.304
eps 0.460 0.550 0.530 0.660 0.620 0.640
epsdiluted 0.460 0.540 0.520 0.650 0.610 0.640
weightedAverageShsOut 55M 55M 55M 55M 55M 55M
weightedAverageShsOutDil 56M 56M 56M 56M 56M 56M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Balance Sheet Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BUSE BUSE BUSE BUSE BUSE BUSE
reportedCurrency USD USD USD USD USD USD
cik 314 489 314 489 314 489 314 489 314 489 314 489
fillingDate 2024-02-23 2023-11-02 2023-08-03 2023-05-04 2023-02-23 2022-11-03
acceptedDate 2024-02-22 21:08:27 2023-11-02 16:02:15 2023-08-03 16:04:38 2023-05-04 16:03:21 2023-02-23 16:07:48 2022-11-03 16:05:22
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
cashAndCashEquivalents 720M 338M 233M 276M 227M 347M
shortTermInvestments 2 088M 2 183M 3 187M 3 302M 2 461M 2 547M
cashAndShortTermInvestments 3 690M 338M 3 420M 276M 2 689M 2 894M
netReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
otherCurrentAssets 765M 386M 0 0 0 948M
totalCurrentAssets 765M 338M 3 420M 276M 2 689M 3 842M
propertyPlantEquipmentNet 134M 134M 134M 139M 139M 138M
goodwill 318M 318M 318M 318M 318M 318M
intangibleAssets 36M 38M 41M 44M 46M 49M
goodwillAndIntangibleAssets 354M 356M 359M 362M 364M 367M
longTermInvestments 749M 3 074M 3 187M 3 302M 3 391M 3 495M
taxAssets 10 529M 0 0 0 0 0
otherNonCurrentAssets -247M -3 565M -3 187M -3 302M -3 895M 0
totalNonCurrentAssets 11 518M 3 565M 493M 500M 3 895M 4 000M
otherAssets 0 8 356M 8 296M 11 569M 5 753M 4 655M
totalAssets 12 283M 12 258M 12 209M 12 345M 12 337M 12 497M
accountPayables 0 0 0 0 0 0
shortTermDebt 201M 12M 212M 616M 351M 16M
taxPayables 0 0 0 0 0 0
deferredRevenue 0 0 0 0 0 0
otherCurrentLiabilities 4 569M -12M 0 0 -351M 0
totalCurrentLiabilities 4 770M 12M 212M 616M 351M 16M
longTermDebt 313M 327M 330M 334M 337M 337M
deferredRevenueNonCurrent 0 0 0 0 0 0
deferredTaxLiabilitiesNonCurrent 0 0 0 0 0 0
otherNonCurrentLiabilities 5 928M -327M 10 465M 10 197M 14M 11 358M
totalNonCurrentLiabilities 6 241M 327M 10 795M 10 530M 351M 11 375M
otherLiabilities 0 10 729M 0 0 10 489M 0
capitalLeaseObligations 9M 12M 12M 13M 13M 10M
totalLiabilities 11 011M 11 068M 11 007M 11 146M 11 191M 11 391M
preferredStock 0 291M 261M 0 0 0
commonStock 58 000 58 000 55 291M 55 294M 58 000 58 000
retainedEarnings 237M 225M 208M 206M 169M 147M
accumulatedOtherComprehensiveIncomeLoss -219M -291M -261M -246M -273M -289M
othertotalStockholdersEquity 1 254M 965M -54 297M -54 056M 1 250M 1 248M
totalStockholdersEquity 1 272M 1 190M 1 202M 1 199M 1 146M 1 107M
totalEquity 1 272M 1 190M 1 202M 1 199M 1 146M 1 107M
totalLiabilitiesAndStockholdersEquity 12 283M 12 258M 12 209M 12 345M 12 337M 12 497M
minorityInterest 0 0 0 0 0 0
totalLiabilitiesAndTotalEquity 12 283M 12 258M 12 209M 12 345M 12 337M 12 497M
totalInvestments 749M 3 074M 3 187M 6 604M 5 853M 6 042M
totalDebt 524M 339M 542M 949M 688M 353M
netDebt -196M 1M 310M 674M 461M 6M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Cash Flow Statement

Property 2023 q4 2023 q3 2023 q2 2023 q1 2022 q4 2022 q3
date 2023-12-31 2023-09-30 2023-06-30 2023-03-31 2022-12-31 2022-09-30
symbol BUSE BUSE BUSE BUSE BUSE BUSE
reportedCurrency USD USD USD USD USD USD
cik 314 489 314 489 314 489 314 489 314 489 314 489
fillingDate 2024-02-23 2023-11-02 2023-08-03 2023-05-04 2023-02-23 2022-11-03
acceptedDate 2024-02-22 21:08:27 2023-11-02 16:02:15 2023-08-03 16:04:38 2023-05-04 16:03:21 2023-02-23 16:07:48 2022-11-03 16:05:22
calendarYear 2023.000 2023.000 2023.000 2023.000 2022.000 2022.000
period Q4 Q3 Q2 Q1 Q4 Q3
netIncome 26M 31M 29M 37M 34M 36M
depreciationAndAmortization 5M 6M 6M 6M 6M 6M
deferredIncomeTax -920 000 3M 1M 604 000 396 000 2M
stockBasedCompensation -333 000 3M 3M 2M 2M 2M
changeInWorkingCapital 10M -4M -9M -5M -6M -11M
accountsReceivables 0 0 0 0 0 0
inventory 0 0 0 0 0 0
accountsPayables 0 0 0 0 0 0
otherWorkingCapital 10M -4M -9M -5M -6M -11M
otherNonCashItems 6M 4M 10M 5M 10M 9M
netCashProvidedByOperatingActivities 45M 42M 40M 45M 48M 44M
investmentsInPropertyPlantAndEquipment -3M -2M -2M -2M -983 000 -1M
acquisitionsNet 544 000 -53M -21M 0 0 0
purchasesOfInvestments -3M -6M -5M -2M -252 000 -9M
salesMaturitiesOfInvestments 194M 79M 100M 119M 118M 123M
otherInvestingActivites 204M 13M 13M -70M -69M -173M
netCashUsedForInvestingActivites 393M 31M 84M 44M 48M -60M
debtRepayment -694 000 -203M -407M -3M -3M -63M
commonStockIssued -421M 205M 254M 6M 225 000 0
commonStockRepurchased -2M -1M -397 000 -534 000 10M -3M
dividendsPaid -13M -13M -13M -13M -13M -13M
otherFinancingActivites 381M 44M 9000.000 -30M -210M 210M
netCashUsedProvidedByFinancingActivities -56M 32M -167M -41M -216M 131M
effectOfForexChangesOnCash -131M 0 131M 0 0 0
netChangeInCash 382M 105M -43M 48M -120M 116M
cashAtEndOfPeriod 720M 338M 233M 276M 227M 347M
cashAtBeginningOfPeriod 338M 233M 276M 227M 347M 231M
operatingCashFlow 45M 42M 40M 45M 48M 44M
capitalExpenditure -3M -2M -2M -2M -983 000 -1M
freeCashFlow 42M 40M 38M 43M 47M 43M
link Link Link Link Link Link Link
finalLink Link Link Link Link Link Link

Earning call transcript

Press-releases

Show financial reports only

2024-01-23 22:00 ET
First Busey Corporation Announces 2023 Fourth Quarter Earnings
2023-11-27 22:00 ET
First Busey Corporation and Merchants and Manufacturers Bank Corporation to Merge
2023-10-24 21:00 ET
First Busey Corporation Announces 2023 Third Quarter Earnings
2023-07-25 21:00 ET
First Busey Announces 2023 Second Quarter Earnings
2023-05-18 17:30 ET
KBRA Releases Surveillance Report for First Busey Corporation
2023-04-25 21:00 ET
First Busey Announces 2023 First Quarter Earnings
2023-01-24 22:00 ET
First Busey Announces 2022 Fourth Quarter Earnings
2022-10-25 21:00 ET
First Busey Announces 2022 Third Quarter Earnings
2022-07-26 21:00 ET
First Busey Announces 2022 Second Quarter Earnings
2022-05-25 22:26 ET
First Busey Corporation Announces Pricing of Subordinated Notes Offering
2022-04-26 21:00 ET
First Busey Announces 2022 First Quarter Earnings
2022-01-25 22:00 ET
First Busey Announces 2021 Fourth Quarter Earnings
2021-10-26 21:00 ET
First Busey Announces 2021 Third Quarter Earnings
2021-07-27 21:00 ET
First Busey Announces 2021 Second Quarter Earnings
2021-06-02 21:00 ET
First Busey Corporation Finalizes Acquisition of Cummins-American Corp. and Glenview State Bank
2021-04-27 21:00 ET
First Busey Announces 2021 First Quarter Earnings
2021-01-26 22:00 ET
First Busey Announces Fourth Quarter and Full Year 2020 Earnings
2021-01-19 22:00 ET
First Busey Corporation and Cummins-American Corp. to Merge
2020-10-27 21:00 ET
First Busey Announces 2020 Third Quarter Earnings
2020-09-24 20:30 ET
First Busey Corporation Names Sam Banks to Board of Directors
2020-07-28 21:00 ET
First Busey Announces 2020 Second Quarter Earnings
2020-05-29 01:30 ET
First Busey Corporation Announces Pricing of Subordinated Notes Offering
2020-05-04 19:00 ET
First Busey Corporation Announces Virtual 2020 Annual Stockholder Meeting
2020-04-28 21:00 ET
First Busey Announces COVID-19 Response and 2020 First Quarter Earnings
2020-01-28 22:00 ET
First Busey Announces 2019 Fourth Quarter Earnings
2019-10-22 21:00 ET
First Busey Announces 2019 Third Quarter Earnings
2019-09-27 13:00 ET
First Busey Corporation Names Karen Jensen to Board of Directors

SEC forms

Show financial reports only

SEC form 10
2024-02-23 00:00 ET
First Busey published news for 2023 q4
SEC form 8
2024-01-23 17:04 ET
First Busey published news for 2023 q4
SEC form 8
2024-01-23 17:04 ET
First Busey published news for 2023 q4
SEC form 8
2024-01-23 17:04 ET
First Busey reported for 2023 q4
SEC form 10
2023-11-02 00:00 ET
First Busey published news for 2023 q3
SEC form 8
2023-10-24 17:06 ET
First Busey reported for 2023 q3
SEC form 10
2023-08-03 00:00 ET
First Busey published news for 2023 q2
SEC form 6
2023-07-25 17:00 ET
First Busey reported for 2023 q2
SEC form 8
2023-07-25 00:00 ET
First Busey published news for 2023 q2
SEC form 6
2023-07-20 12:37 ET
First Busey published news for 2023 q2
SEC form 6
2023-07-11 16:05 ET
First Busey published news for 2023 q2
SEC form 6
2023-06-29 16:19 ET
First Busey published news for 2023 q1
SEC form 6
2023-05-26 16:01 ET
First Busey published news for 2023 q1
SEC form 10
2023-05-04 00:00 ET
First Busey published news for 2023 q1
SEC form 8
2023-04-25 00:00 ET
First Busey reported for 2023 q1
SEC form 10
2023-02-23 00:00 ET
First Busey reported for 2022 q4
SEC form 8
2023-01-24 00:00 ET
First Busey reported for 2022 q4
SEC form 10
2022-11-03 00:00 ET
First Busey reported for 2022 q3
SEC form 8
2022-10-25 00:00 ET
First Busey reported for 2022 q3
SEC form 10
2022-08-04 00:00 ET
First Busey reported for 2022 q2
SEC form 8
2022-07-26 00:00 ET
First Busey reported for 2022 q2
SEC form 10
2022-05-05 00:00 ET
First Busey reported for 2022 q1
SEC form 8
2022-04-26 00:00 ET
First Busey reported for 2022 q1
SEC form 10
2022-02-24 00:00 ET
First Busey published news for 2021 q4
SEC form 8
2022-01-25 00:00 ET
First Busey published news for 2021 q4
SEC form 10
2021-11-04 00:00 ET
First Busey published news for 2021 q3
SEC form 8
2021-10-26 00:00 ET
First Busey published news for 2021 q3
SEC form 10
2021-08-05 00:00 ET
First Busey published news for 2021 q2
SEC form 8
2021-07-27 00:00 ET
First Busey published news for 2021 q2
SEC form 10
2021-05-06 00:00 ET
First Busey published news for 2021 q1
SEC form 8
2021-04-27 00:00 ET
First Busey published news for 2021 q1