First Busey
Market Cap
US$1.2b
Last Updated
2021/02/28 00:26 UTC
Data Sources
Company Financials +
Executive Summary
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. More Details
Rewards
Risk Analysis
No risks detected for BUSE from our risk checks.
Snowflake Analysis
Flawless balance sheet 6 star dividend payer.
Similar Companies
Share Price & News
How has First Busey's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: BUSE is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: BUSE's weekly volatility (5%) has been stable over the past year.
Market Performance
7 Day Return
1.3%
BUSE
-0.2%
US Banks
-3.6%
US Market
1 Year Return
3.7%
BUSE
19.9%
US Banks
36.4%
US Market
Return vs Industry: BUSE underperformed the US Banks industry which returned 19.8% over the past year.
Return vs Market: BUSE underperformed the US Market which returned 38.5% over the past year.
Shareholder returns
| BUSE | Industry | Market | |
|---|---|---|---|
| 7 Day | 1.3% | -0.2% | -3.6% |
| 30 Day | 6.7% | 13.5% | 0.9% |
| 90 Day | 8.9% | 22.3% | 6.7% |
| 1 Year | 8.9%3.7% | 24.3%19.9% | 39.4%36.4% |
| 3 Year | -16.1%-24.7% | 11.7%2.2% | 53.4%43.5% |
| 5 Year | 36.5%16.0% | 92.0%67.7% | 117.3%93.0% |
Long-Term Price Volatility Vs. Market
How volatile is First Busey's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 month ago | Simply Wall St
Why You Might Be Interested In First Busey Corporation (NASDAQ:BUSE) For Its Upcoming Dividend1 month ago | Simply Wall St
How Much Of First Busey Corporation (NASDAQ:BUSE) Do Insiders Own?2 months ago | Simply Wall St
Reflecting on First Busey's (NASDAQ:BUSE) Share Price Returns Over The Last Three YearsValuation
Is First Busey undervalued compared to its fair value and its price relative to the market?
35.6%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: BUSE ($22.89) is trading below our estimate of fair value ($35.55)
Significantly Below Fair Value: BUSE is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: BUSE's PE Ratio (12.4x) is in line with the US Banks industry average.
PE vs Market: BUSE is good value based on its PE Ratio (12.4x) compared to the US market (21.3x).
Price to Earnings Growth Ratio
PEG Ratio: BUSE is poor value based on its PEG Ratio (1.5x)
Price to Book Ratio
PB vs Industry: BUSE's PB Ratio (1x) is in line with the US Banks industry average.
Next Steps
Future Growth
How is First Busey forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
8.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: BUSE's forecast earnings growth (8.2% per year) is above the savings rate (2%).
Earnings vs Market: BUSE's earnings (8.2% per year) are forecast to grow slower than the US market (20.3% per year).
High Growth Earnings: BUSE's earnings are forecast to grow, but not significantly.
Revenue vs Market: BUSE's revenue (5.9% per year) is forecast to grow slower than the US market (10.4% per year).
High Growth Revenue: BUSE's revenue (5.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: BUSE's Return on Equity is forecast to be low in 3 years time (9.3%).
Next Steps
Past Performance
How has First Busey performed over the past 5 years?
19.2%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: BUSE has high quality earnings.
Growing Profit Margin: BUSE's current net profit margins (27.7%) are higher than last year (26.2%).
Past Earnings Growth Analysis
Earnings Trend: BUSE's earnings have grown by 19.2% per year over the past 5 years.
Accelerating Growth: BUSE's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: BUSE had negative earnings growth (-2.4%) over the past year, making it difficult to compare to the Banks industry average (0.6%).
Return on Equity
High ROE: BUSE's Return on Equity (7.9%) is considered low.
Next Steps
Financial Health
How is First Busey's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: BUSE's Assets to Equity ratio (8.3x) is low.
Allowance for Bad Loans: BUSE has a sufficient allowance for bad loans (416%).
Low Risk Liabilities: 94% of BUSE's liabilities are made up of primarily low risk sources of funding.
Loan Level: BUSE has an appropriate level of Loans to Assets ratio (64%).
Low Risk Deposits: BUSE's Loans to Deposits ratio (77%) is appropriate.
Level of Bad Loans: BUSE has an appropriate level of bad loans (0.4%).
Next Steps
Dividend
What is First Busey current dividend yield, its reliability and sustainability?
4.02%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: BUSE's dividend (4.02%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: BUSE's dividend (4.02%) is in the top 25% of dividend payers in the US market (3.76%)
Stability and Growth of Payments
Stable Dividend: BUSE's dividends per share have been stable in the past 10 years.
Growing Dividend: BUSE's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (47.9%), BUSE's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: BUSE's dividends in 3 years are forecast to be well covered by earnings (45% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Van Dukeman (61 yo)
13.5yrs
Tenure
US$2,186,761
Compensation
Mr. Dukeman serves as the Chairman of First Busey Corporation since July 22, 2020. He also serves as the President & Chief Executive Officer of First Busey, as well as Chairman of Busey Bank. Mr. Dukeman a...
CEO Compensation Analysis
Compensation vs Market: Van's total compensation ($USD2.19M) is below average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Van's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.5yrs | US$2.19m | 0.62% $ 7.8m | |
| Executive VP & CFO | 1.5yrs | US$1.19m | 0.0061% $ 76.2k | |
| Executive VP & General Counsel | 9.17yrs | US$931.94k | 0.18% $ 2.2m | |
| Chief of Staff & Executive VP of Pillar Relations | 3.83yrs | US$1.04m | 0.12% $ 1.5m | |
| President & CEO of Busey Bank | no data | US$1.34m | 0.28% $ 3.5m | |
| Executive VP & Chief Risk Officer | 1.08yrs | no data | 0.00071% $ 8.8k |
3.8yrs
Average Tenure
46.5yo
Average Age
Experienced Management: BUSE's management team is considered experienced (3.8 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 13.5yrs | US$2.19m | 0.62% $ 7.8m | |
| Independent Director | 0.42yr | no data | 0.028% $ 344.6k | |
| Vice Chairman of the Board | 0.58yr | US$734.45k | 0.50% $ 6.3m | |
| Independent Director | 8.08yrs | US$97.62k | 0.28% $ 3.5m | |
| Independent Lead Director | 15.08yrs | US$98.87k | 0.56% $ 7.0m | |
| Independent Director | 2.75yrs | US$103.97k | 0.31% $ 3.8m | |
| Independent Director | 10.42yrs | US$95.75k | 0.42% $ 5.2m | |
| Independent Director | 1.42yrs | US$20.70k | 0.046% $ 572.2k | |
| Independent Director | 15.08yrs | US$98.25k | 0.45% $ 5.7m | |
| Independent Director | 2.08yrs | US$79.50k | 0.34% $ 4.2m |
2.4yrs
Average Tenure
62yo
Average Age
Experienced Board: BUSE's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Busey Corporation's company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Busey Corporation
- Ticker: BUSE
- Exchange: NasdaqGS
- Founded: 1868
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$1.245b
- Shares outstanding: 54.40m
- Website: https://www.busey.com
Number of Employees
Location
- First Busey Corporation
- 100 West University Avenue
- Champaign
- Illinois
- 61820
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| BUSE | NasdaqGS (Nasdaq Global Select) | Yes | Common Stock | US | USD | Oct 1990 |
Biography
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 custo...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/02/28 00:26 |
| End of Day Share Price | 2021/02/26 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.