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First Busey

Nasdaq:BUSE
Snowflake Description

Flawless balance sheet and good value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
BUSE
Nasdaq
$1B
Market Cap
  1. Home
  2. US
  3. Banks
Company description

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The last earnings update was 48 days ago. More info.


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BUSE Share Price and Events
7 Day Returns
3%
NasdaqGS:BUSE
0.9%
US Banks
0.4%
US Market
1 Year Returns
-14.6%
NasdaqGS:BUSE
-5.2%
US Banks
6.8%
US Market
BUSE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
First Busey (BUSE) 3% -2.8% -1.8% -14.6% 23% 52.9%
US Banks 0.9% -0.8% 6.4% -5.2% 45.9% 47%
US Market 0.4% 2.6% 11% 6.8% 38.1% 45.7%
1 Year Return vs Industry and Market
  • BUSE underperformed the Banks industry which returned -5.2% over the past year.
  • BUSE underperformed the Market in United States of America which returned 6.8% over the past year.
Price Volatility
BUSE
Industry
5yr Volatility vs Market

BUSE Value

 Is First Busey undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of First Busey to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for First Busey.

NasdaqGS:BUSE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 6 analysts.
= Stable Book Value * Return on Equity
= $22.89 * 10.5%
$2.41
Book Value of Equity per Share Weighted future Book Value estimates from 7 analysts. $22.89
Discount Rate (Cost of Equity) See below 7.8%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:BUSE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.62
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.625 (1 + (1- 21%) (28.43%))
0.843
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.843 * 5.96%)
7.75%

Discounted Cash Flow Calculation for NasdaqGS:BUSE using Excess Returns Model Model

The calculations below outline how an intrinsic value for First Busey is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

NasdaqGS:BUSE Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (10.5% – 7.75%) * $22.89)
$0.64
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $0.64 / (7.75% - 2.73%)
$12.74
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $22.89 + $12.74
$35.62
NasdaqGS:BUSE Discount to Share Price
Calculation Result
Value per share (USD) From above. $35.62
Current discount Discount to share price of $25.82
= -1 x ($25.82 - $35.62) / $35.62
27.5%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price First Busey is available for.
Intrinsic value
28%
Share price is $25.82 vs Future cash flow value of $35.62
Current Discount Checks
For First Busey to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • First Busey's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • First Busey's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for First Busey's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are First Busey's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:BUSE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in USD $2.02
NasdaqGS:BUSE Share Price ** NasdaqGS (2019-04-16) in USD $25.82
United States of America Banks Industry PE Ratio Median Figure of 587 Publicly-Listed Banks Companies 12.96x
United States of America Market PE Ratio Median Figure of 3,072 Publicly-Listed Companies 18.08x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of First Busey.

NasdaqGS:BUSE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:BUSE Share Price ÷ EPS (both in USD)

= 25.82 ÷ 2.02

12.75x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Busey is good value based on earnings compared to the US Banks industry average.
  • First Busey is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does First Busey's expected growth come at a high price?
Raw Data
NasdaqGS:BUSE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 12.75x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
14.6%per year
United States of America Banks Industry PEG Ratio Median Figure of 260 Publicly-Listed Banks Companies 1.26x
United States of America Market PEG Ratio Median Figure of 2,107 Publicly-Listed Companies 1.56x

*Line of best fit is calculated by linear regression .

NasdaqGS:BUSE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 12.75x ÷ 14.6%

0.87x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Busey is good value based on expected growth next year.
Price based on value of assets
What value do investors place on First Busey's assets?
Raw Data
NasdaqGS:BUSE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in USD $20.36
NasdaqGS:BUSE Share Price * NasdaqGS (2019-04-16) in USD $25.82
United States of America Banks Industry PB Ratio Median Figure of 592 Publicly-Listed Banks Companies 1.23x
United States of America Market PB Ratio Median Figure of 5,176 Publicly-Listed Companies 1.91x
NasdaqGS:BUSE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:BUSE Share Price ÷ Book Value per Share (both in USD)

= 25.82 ÷ 20.36

1.27x

* Primary Listing of First Busey.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • First Busey is overvalued based on assets compared to the US Banks industry average.
X
Value checks
We assess First Busey's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. First Busey has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

BUSE Future Performance

 How is First Busey expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is First Busey expected to grow at an attractive rate?
  • First Busey's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • First Busey's earnings growth is expected to exceed the United States of America market average.
  • First Busey's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:BUSE Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:BUSE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 14.6%
NasdaqGS:BUSE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 12.4%
United States of America Banks Industry Earnings Growth Rate Market Cap Weighted Average 4.2%
United States of America Banks Industry Revenue Growth Rate Market Cap Weighted Average 5.1%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 13.3%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:BUSE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:BUSE Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2020-12-31 425 134 5
2019-12-31 406 123 5
NasdaqGS:BUSE Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2018-12-31 327 203 99
2018-09-30 328 221 86
2018-06-30 321 230 78
2018-03-31 302 160 69
2017-12-31 283 253 63
2017-09-30 261 190 62
2017-06-30 249 172 59
2017-03-31 242 159 54
2016-12-31 224 -21 50
2016-09-30 207 -9 49
2016-06-30 188 -13 44
2016-03-31 177 65 41

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • First Busey's earnings are expected to grow by 14.6% yearly, however this is not considered high growth (20% yearly).
  • First Busey's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:BUSE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from First Busey Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BUSE Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2020-12-31 2.39 2.50 2.30 7.00
2019-12-31 2.21 2.30 2.15 7.00
NasdaqGS:BUSE Past Financials Data
Date (Data in USD Millions) EPS *
2018-12-31 2.02
2018-09-30 1.76
2018-06-30 1.62
2018-03-31 1.53
2017-12-31 1.47
2017-09-30 1.54
2017-06-30 1.53
2017-03-31 1.45
2016-12-31 1.42
2016-09-30 1.49
2016-06-30 1.44
2016-03-31 1.43

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • First Busey is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess First Busey's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
First Busey has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

BUSE Past Performance

  How has First Busey performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare First Busey's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • First Busey has delivered over 20% year on year earnings growth in the past 5 years.
  • First Busey's 1-year earnings growth exceeds its 5-year average (57.7% vs 25.8%)
  • First Busey's earnings growth has exceeded the US Banks industry average in the past year (57.7% vs 44.5%).
Earnings and Revenue History
First Busey's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from First Busey Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:BUSE Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 326.97 98.93 143.57
2018-09-30 327.82 85.93 147.36
2018-06-30 321.23 77.86 145.97
2018-03-31 302.25 69.47 139.15
2017-12-31 282.54 62.73 129.10
2017-09-30 260.88 61.89 127.81
2017-06-30 248.52 58.53 125.07
2017-03-31 242.02 54.43 125.71
2016-12-31 224.28 49.69 112.25
2016-09-30 207.06 48.77 102.71
2016-06-30 188.12 43.79 93.53
2016-03-31 176.66 41.16 87.43
2015-12-31 175.01 38.31 90.12
2015-09-30 170.92 35.19 90.19
2015-06-30 167.05 33.67 88.77
2015-03-31 162.11 31.92 87.84
2014-12-31 158.52 32.05 85.41
2014-09-30 155.72 30.65 84.73
2014-06-30 154.47 28.75 85.39
2014-03-31 154.47 27.27 86.15
2013-12-31 155.15 25.09 87.62
2013-09-30 156.86 23.09 89.26
2013-06-30 155.63 20.07 91.36
2013-03-31 153.14 17.51 92.12
2012-12-31 152.50 18.72 89.90
2012-09-30 149.25 19.23 87.05
2012-06-30 149.06 21.75 82.72

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • First Busey has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • First Busey used its assets more efficiently than the US Banks industry average last year based on Return on Assets.
  • Unable to establish if First Busey improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess First Busey's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
First Busey has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

BUSE Health

 How is First Busey's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of First Busey's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from First Busey Company Filings, last reported 3 months ago.

NasdaqGS:BUSE Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 994.96 408.28 242.04
2018-09-30 972.14 678.64 163.40
2018-06-30 957.18 618.07 233.20
2018-03-31 942.15 462.67 369.47
2017-12-31 935.00 752.10 354.21
2017-09-30 836.07 661.18 216.91
2017-06-30 613.12 482.44 296.48
2017-03-31 602.35 317.78 442.32
2016-12-31 594.31 418.13 150.61
2016-09-30 596.07 619.56 367.16
2016-06-30 588.12 490.73 272.36
2016-03-31 383.26 301.14 320.96
2015-12-31 373.19 307.97 304.68
2015-09-30 444.23 281.96 175.15
2015-06-30 442.59 279.35 289.39
2015-03-31 439.80 288.68 428.94
2014-12-31 433.64 303.89 327.15
2014-09-30 430.03 242.28 179.74
2014-06-30 426.77 195.59 182.04
2014-03-31 420.33 172.24 288.56
2013-12-31 415.36 227.35 226.30
2013-09-30 414.38 211.51 198.67
2013-06-30 410.03 203.24 251.20
2013-03-31 413.71 191.81 447.61
2012-12-31 408.80 201.02 346.96
2012-09-30 417.32 194.17 328.31
2012-06-30 414.85 188.53 320.35
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • First Busey has an acceptable proportion of non-loan assets held.
  • First Busey's liabilities are made up of primarily low risk sources of funding.
  • Loans at First Busey are broadly funded by customer deposits.
  • First Busey's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • First Busey has a sufficient allowance for bad loans.
  • First Busey has an acceptable level of bad loans (less than 2%).
X
Financial health checks
We assess First Busey's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. First Busey has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

BUSE Dividends

 What is First Busey's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.25%
Current annual income from First Busey dividends. Estimated to be 3.36% next year.
If you bought $2,000 of First Busey shares you are expected to receive $65 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • First Busey's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.41%).
  • First Busey's dividend is below the markets top 25% of dividend payers in United States of America (3.63%).
Upcoming dividend payment

Purchase First Busey before the 'Buy Limit' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:BUSE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America Banks Industry Average Dividend Yield Market Cap Weighted Average of 472 Stocks 2.8%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2008 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.6%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:BUSE Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2020-12-31 0.89 7.00
2019-12-31 0.85 7.00
NasdaqGS:BUSE Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-04-09 0.840 3.292
2019-01-15 0.840 3.245
2018-10-09 0.800 2.970
2018-07-10 0.800 2.533
2018-04-10 0.800 2.543
2018-01-16 0.800 2.608
2017-10-10 0.720 2.322
2017-07-11 0.720 2.447
2017-04-11 0.720 2.446
2017-01-17 0.720 2.408
2016-10-11 0.680 2.551
2016-07-12 0.680 2.957
2016-04-12 0.680 3.208
2016-01-12 0.680 3.502
2015-10-13 0.680 3.231
2015-07-14 0.600 3.118
2015-04-14 0.600 3.098
2015-01-12 0.600 3.111
2014-10-07 0.600 3.181
2014-07-08 0.600 3.536
2014-04-08 0.600 3.545
2014-01-13 0.480 2.760
2013-10-15 0.480 2.852
2013-07-09 0.480 3.211
2013-04-09 0.480 3.617
2012-12-14 0.480 3.504
2012-10-09 0.480 3.506
2012-07-09 0.480 3.332
2012-04-09 0.480 3.433
2012-01-09 0.480 3.208
2011-10-13 0.480 3.172
2011-07-12 0.480 3.367
2011-04-26 0.480 3.117
2011-03-11 0.480 3.146
2011-01-25 0.480 3.238
2010-07-27 0.480 3.538
2010-01-26 0.480 3.639
2009-10-27 0.480 4.448
2009-07-21 0.960 5.796
2009-04-21 0.960 4.306
2009-04-17 2.400 8.681

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have fallen over the past 10 years.
Current Payout to shareholders
What portion of First Busey's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (2.5x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.7x coverage).
X
Income/ dividend checks
We assess First Busey's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can First Busey afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. First Busey has a total score of 3/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

BUSE Management

 What is the CEO of First Busey's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Van Dukeman
COMPENSATION $1,773,215
AGE 59
TENURE AS CEO 11.7 years
CEO Bio

Mr. Van A. Dukeman has been a Director, Chief Executive Officer and President of First Busey since August 2007. Effective February 28, 2009 through March 31, 2010, Mr. Dukeman also served as the Chief Executive Officer and President of Busey Bank. Mr. Dukemanserves as the Chairman of Busey Bank. Mr. Dukeman also serves as a Director of Busey Wealth Management, Inc. and FirsTech, Inc. Mr. Dukeman served as the President and Chief Executive Officer of Main Street Trust, Inc. prior to its merger in 2007 with First Busey Corporation.

CEO Compensation
  • Van's compensation has increased by more than 20% in the past year.
  • Van's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the First Busey management team in years:

7.3
Average Tenure
58
Average Age
  • The average tenure for the First Busey management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Van Dukeman

TITLE
President
COMPENSATION
$2M
AGE
59
TENURE
11.7 yrs

Robin Elliott

TITLE
Executive VP
COMPENSATION
$1M
AGE
41
TENURE
5.3 yrs

Bob Plecki

TITLE
Executive VP & Chief Credit Officer
COMPENSATION
$795K
AGE
58
TENURE
9.1 yrs

Amy Randolph

TITLE
Executive VP of Pillar Relations & Chief of Staff
COMPENSATION
$751K
AGE
43
TENURE
5.1 yrs

Chris Shroyer

TITLE
President & CEO of Busey Bank
COMPENSATION
$797K
AGE
52
TENURE
9.1 yrs

Jennifer Simons

TITLE
Chief Accounting Officer & Executive VP
AGE
58
TENURE
1.3 yrs

Howard Mooney

TITLE
Executive VP & Chief Information Officer
COMPENSATION
$557K
AGE
53
TENURE
5.3 yrs

John Powers

TITLE
Executive VP & General Counsel
COMPENSATION
$615K
AGE
62
TENURE
7.3 yrs

Mary Schlorff

TITLE
Chief Compliance Officer

Barb Harrington

TITLE
Executive VP & Chief Risk Officer
COMPENSATION
$281K
AGE
58
TENURE
9.1 yrs
Board of Directors Tenure

Average tenure and age of the First Busey board of directors in years:

11.5
Average Tenure
66
Average Age
  • The average tenure for the First Busey board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Greg Lykins

TITLE
Chairman of the Board
COMPENSATION
$652K
AGE
70
TENURE
9.8 yrs

Van Dukeman

TITLE
President
COMPENSATION
$2M
AGE
59
TENURE
25.3 yrs

David Downey

TITLE
Lead Director
COMPENSATION
$71K
AGE
76
TENURE
5.3 yrs

George Shapland

TITLE
Director
COMPENSATION
$64K
AGE
87
TENURE
25.3 yrs

August Meyer

TITLE
Director
COMPENSATION
$66K
AGE
80
TENURE
39.3 yrs

Thomas Sloan

TITLE
Director
COMPENSATION
$64K
AGE
69
TENURE
8.6 yrs

Steve King

TITLE
Director
COMPENSATION
$66K
AGE
55
TENURE
6.3 yrs

Stan Bradshaw

TITLE
Director
COMPENSATION
$64K
AGE
61
TENURE
13.3 yrs

George Barr

TITLE
Independent Director
COMPENSATION
$45K
AGE
63
TENURE
13.3 yrs

Frederic Kenney

TITLE
Director
AGE
59
TENURE
0.9 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess First Busey's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. First Busey has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

BUSE News

Simply Wall St News

Do Insiders Own Shares In First Busey Corporation (NASDAQ:BUSE)?

The big shareholder groups in First Busey Corporation (NASDAQ:BUSE) have power over the company. … First Busey has a market capitalization of US$1.4b, so we would expect some institutional investors to have noticed the stock. … institutional investors have bought into the company

Simply Wall St -

Real Risks To Know Before Investing In First Busey Corporation (NASDAQ:BUSE)

As a small-cap bank with a market capitalisation of US$1.4b, First Busey Corporation’s (NASDAQ:BUSE) profit and value are directly affected by economic growth. … Risk associated with repayment is measured by bad debt which is written off as an expense, impacting First Busey’s bottom line. … NasdaqGS:BUSE Historical Debt, April 1st 2019

Simply Wall St -

Is It Too Late To Consider Buying First Busey Corporation (NASDAQ:BUSE)?

saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. … With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price? … However, could the stock still be trading at a relatively cheap price.

Simply Wall St -

Financial Metrics For First Busey Corporation (NASDAQ:BUSE)

As a small-cap finance stock with a market capitalisation of US$1.5b, the risk and profitability of First Busey Corporation (NASDAQ:BUSE) are largely tied to the underlying economic growth of the region it operates in US. … Low levels of leverage coupled with sufficient liquidity may place First Busey in a safe position in the face of adverse headwinds. … We can measure this risk exposure by analysing three metrics for leverage and liquidity which I will take you through today.

Simply Wall St -

One Thing To Remember About The First Busey Corporation (NASDAQ:BUSE) Share Price

The second type is the broader market volatility, which you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks on the market. … Beta can be a useful tool to understand how much a stock is influenced by market risk (volatility). … A stock with a beta greater than one is more sensitive to broader market movements than a stock with a beta of less than one.

Simply Wall St -

Does First Busey Corporation (NASDAQ:BUSE) Have A Place In Your Portfolio?

A sizeable part of portfolio returns can be produced by dividend stocks due to their contribution to compounding returns in the long run. … Historically, First Busey Corporation (NASDAQ:BUSE) has been paying a dividend to shareholders. … Does First Busey tick all the boxes of a great dividend stock?

Simply Wall St -

Read This Before Considering First Busey Corporation (NASDAQ:BUSE) For Its Upcoming US$0.21 Dividend

Have you been keeping an eye on First Busey Corporation's (NASDAQ:BUSE) upcoming dividend of US$0.21 per share payable on the 01 February 2019? … Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I take a deeper dive into First Busey's latest financial data to analyse its dividend attributes. … Has it consistently paid a stable dividend without missing a payment or drastically cutting payout?

Simply Wall St -

Is First Busey Corporation's (NASDAQ:BUSE) CEO Overpaid Relative To Its Peers?

First, this article will compare CEO compensation with compensation at similar sized companies. … How Does Van Dukeman's Compensation Compare With Similar Sized Companies. … According to our data, First Busey Corporation has a market capitalization of US$1.3b, and pays its CEO total annual compensation worth US$1.8m.

Simply Wall St -

Here's How P/E Ratios Can Help Us Understand First Busey Corporation (NASDAQ:BUSE)

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). … We'll show how you can use First Busey Corporation's (NASDAQ:BUSE) P/E ratio to inform your assessment of the investment opportunity. … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Why First Busey Corporation’s (NASDAQ:BUSE) Risk Control Makes It Attractive

As a small-cap bank with a market capitalisation of US$1.3b, First Busey Corporation’s (NASDAQ:BUSE) profit and value are directly affected by economic growth. … Since the level of risky assets held by the bank impacts the attractiveness of it as an investment, I will take you through three metrics that are insightful proxies for risk. … See our latest analysis for First Busey

Simply Wall St -

BUSE Company Info

Description

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates in three segments: Banking, Remittance Processing, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans, as well as home equity lines of credit. The company also provides money transfer, safe deposit, IRA, other fiduciary, ATM and technology-based networks, and online and mobile banking services. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession planning, and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides pay processing solutions, such as walk-in payment processing for payments delivered by customers to retail pay agents; online bill payment solutions for payments made by customers on a billing company’s Website; customer service payments for payments accepted over the telephone; direct debit services; electronic concentration of payments delivered by the automated clearing house network; money management software and credit card networks; and lockbox remittance processing of payments delivered by mail. It has 44 banking centers in Illinois; 13 in Missouri; 5 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.

Details
Name: First Busey Corporation
BUSE
Exchange: NasdaqGS
Founded: 1868
$1,435,924,974
55,612,896
Website: http://www.busey.com
Address: First Busey Corporation
100 West University Avenue,
Champaign,
Illinois, 61820,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS BUSE Common Stock Nasdaq Global Select US USD 24. Oct 1990
Number of employees
Current staff
Staff numbers
1,270
First Busey employees.
Industry
Regional Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/16 23:37
End of day share price update: 2019/04/16 00:00
Last estimates confirmation: 2019/04/08
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.