BUSE Stock Overview

Operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. More details

BUSE fundamental analysis
Snowflake Score
Valuation	6/6
Future Growth	5/6
Past Performance	2/6
Financial Health	6/6
Dividends	5/6

Rewards

Trading at 56.9% below our estimate of its fair value

Earnings are forecast to grow 40.88% per year

Pays a reliable dividend of 3.98%

Trading at good value compared to peers and industry

Analysts in good agreement that stock price will rise by 25.7%

Risk Analysis

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

First Busey Corporation Competitors

Republic Bancorp

NasdaqGS:RBCA.A

US$1.4b

1st Source

NasdaqGS:SRCE

US$1.5b

Veritex Holdings

NasdaqGM:VBTX

US$1.5b

German American Bancorp

NasdaqGS:GABC

US$1.2b

Price History & Performance

Summary of share price highs, lows and changes for First Busey
Historical stock prices
Current Share Price	US$24.14
52 Week High	US$28.97
52 Week Low	US$21.68
Beta	0.85
1 Month Change	-11.61%
3 Month Change	-9.32%
1 Year Change	-4.43%
3 Year Change	-10.56%
5 Year Change	-12.41%
Change since IPO	155.60%

First Busey's (NASDAQ:BUSE) Dividend Will Be $0.24

Oct 13

The Merger Between First Busey And CrossFirst Has A Clear Winner

Aug 28

Recent updates

It's Unlikely That The CEO Of First Busey Corporation (NASDAQ:BUSE) Will See A Huge Pay Rise This Year

May 13

Do First Busey's (NASDAQ:BUSE) Earnings Warrant Your Attention?

May 08

First Busey EPS beats by $0.17, misses on revenue

Apr 27

Have Insiders Been Buying First Busey Corporation (NASDAQ:BUSE) Shares?

Mar 09

Why You Might Be Interested In First Busey Corporation (NASDAQ:BUSE) For Its Upcoming Dividend

Jan 16

Shareholder Returns

	BUSE	US Banks	US Market
7D	-8.0%	-3.4%	-2.4%
1Y	-4.4%	29.1%	23.4%

Return vs Industry: BUSE underperformed the US Banks industry which returned 29.1% over the past year.

Return vs Market: BUSE underperformed the US Market which returned 23.3% over the past year.

Price Volatility

Is BUSE's price volatile compared to industry and market?
BUSE volatility
BUSE Average Weekly Movement	5.1%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: BUSE has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: BUSE's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1868	1,510	Van Dukeman	www.busey.com

First Busey Corporation operates as the bank holding company for Busey Bank that engages in the provision of retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. It operates through three segments: Banking, Wealth Management, and FirsTech. The Banking segment provides banking services to individual customers, such as demand and savings deposits, money transfers, safe deposit services, individual retirement accounts and other fiduciary services, automated teller machines, and technology-based networks, as well as loan products, including residential real estate, home equity lines of credit, and consumer loans.

First Busey Corporation Fundamentals Summary

How do First Busey's earnings and revenue compare to its market cap?
BUSE fundamental statistics
Market cap	US$1.37b
Earnings (TTM)	US$111.34m
Revenue (TTM)	US$446.37m

12.3x

P/E Ratio

1.0x

P/B Ratio

Is BUSE overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
BUSE income statement (TTM)
Revenue	US$446.37m
Cost of Revenue	US$0
Gross Profit	US$446.37m
Other Expenses	US$335.04m
Earnings	US$111.34m

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	1.96
Gross Margin	100.00%
Net Profit Margin	24.94%
Debt/Equity Ratio	33.9%

How did BUSE perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

48%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/22 03:15
End of Day Share Price	2024/12/20 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

First Busey Corporation is covered by 11 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Stephen Moss	B. Riley Securities, Inc.
Jeffrey Rulis	D.A. Davidson & Co.
Robert Ramsey	FBR Capital Markets & Co.

BUSE Stock Overview

Rewards

Risk Analysis

First Busey Corporation Competitors

NasdaqGS:RBCA.A

US$1.4b

NasdaqGS:SRCE

US$1.5b

NasdaqGM:VBTX

US$1.5b

NasdaqGS:GABC

US$1.2b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First Busey Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

First Busey's (NASDAQ:BUSE) Dividend Will Be $0.24

Second quarter dividend of US$0.24 announced

First Busey Corporation Declares Quarterly Cash Dividend, Payable on October 25, 2024

The Merger Between First Busey And CrossFirst Has A Clear Winner

Recent updates

Third quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behind

First Busey Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2024

First Busey's (NASDAQ:BUSE) Dividend Will Be $0.24

Second quarter dividend of US$0.24 announced

First Busey Corporation Declares Quarterly Cash Dividend, Payable on October 25, 2024

The Merger Between First Busey And CrossFirst Has A Clear Winner

First Busey Corporation (NasdaqGS:BUSE) entered into a definitive agreement to acquire CrossFirst Bankshares, Inc. (NasdaqGS:CFB) for approximately $960 million.

Price target increased by 8.6% to US$29.50

First Busey Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2024

Second quarter 2024 earnings: EPS exceeds analyst expectations

First Busey Corporation Reports Net Charge-Offs for the Second Quarter of 2024

First Busey (NASDAQ:BUSE) Will Pay A Dividend Of $0.24

First quarter dividend of US$0.24 announced

Chairman & CEO recently sold US$389k worth of stock

First quarter 2024 earnings: EPS misses analyst expectations

First Busey (NASDAQ:BUSE) Is Paying Out A Dividend Of $0.24

Fourth quarter dividend of US$0.24 announced

New minor risk - Shareholder dilution

First Busey Corporation (NasdaqGS:BUSE) completed the acquisition of Merchants and Manufacturers Bank Corporation (M&M)

Full year 2023 earnings: EPS misses analyst expectations

Full year 2023 earnings: EPS misses analyst expectations

First Busey (NASDAQ:BUSE) Has Announced A Dividend Of $0.24

First Busey Corporation Declares Quarterly Cash Dividend, Payable on January 26, 2024

First Busey Corporation to Report Q1, 2024 Results on Apr 23, 2024

Price target increased by 7.9% to US$25.00

Independent Lead Director recently bought US$456k worth of stock

First Busey Corporation (NasdaqGS:BUSE) entered into an agreement and plan of merger to acquire Merchants and Manufacturers Bank Corporation for $45.3 million.

First Busey Corporation (NasdaqGS:BUSE) entered into an agreement and plan of merger to acquire Merchants and Manufacturers Bank Corporation for $45.3 million.

Independent Director notifies of intention to sell stock

First Busey Corporation Appoints Amy L. Randolph as Executive Vice President, Chief Operating Officer

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

First Busey Corporation Reports Net Charge-Offs for the Third Quarter Ended September 30, 2023

First Busey Corporation Declares Quarterly Cash Dividend, Payable on October 27, 2023

Insufficient new directors

First Busey Corporation to Report Q3, 2023 Results on Oct 24, 2023

Independent Director recently bought US$250k worth of stock

Price target increased by 7.4% to US$24.33

Second quarter 2023 earnings: EPS and revenues miss analyst expectations

First Busey Corporation Reports Net Charge-Offs for the Second Quarter Ended June 30, 2023

Independent Director notifies of intention to sell stock

First Busey (NASDAQ:BUSE) Is Due To Pay A Dividend Of $0.24

First Busey Corporation to Report Q2, 2023 Results on Jul 25, 2023

First Busey Corporation Declares A Quarterly Cash Dividend, Payable on July 28, 2023

Should You Be Adding First Busey (NASDAQ:BUSE) To Your Watchlist Today?

Price target decreased by 8.8% to US$22.50

Independent Lead Director recently bought US$152k worth of stock

First quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind

First Busey (NASDAQ:BUSE) Will Pay A Larger Dividend Than Last Year At $0.24

Price target decreased by 8.5% to US$25.00

Price target decreased by 8.1% to US$26.50

Independent Lead Director recently bought US$108k worth of stock

Independent Director recently sold US$198k worth of stock

Independent Director recently sold US$199k worth of stock

Vice Chairman of the Board recently bought US$91k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

First Busey Corporation to Report Q4, 2022 Results on Jan 24, 2023

First Busey Corporation Declares Quarterly Cash Dividend, Payable on January 27, 2023

Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

First Busey Corporation to Report Q3, 2022 Results on Oct 25, 2022