First Busey: Q4 Earnings Snapshot

Published: 2022-01-25 17:23:05 ET BUSE

CHAMPAIGN, Ill. (AP) _ First Busey Corp. (BUSE) on Tuesday reported fourth-quarter net income of $29.9 million.

The bank, based in Champaign, Illinois, said it had earnings of 53 cents per share. Earnings, adjusted for non-recurring costs, came to 61 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The bank holding company posted revenue of $112 million in the period. Its revenue net of interest expense was $105.6 million, also beating Street forecasts. Four analysts surveyed by Zacks expected $104.5 million.

First Busey shares have increased almost 2% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $27.62, a rise of 21% in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BUSE at https://www.zacks.com/ap/BUSE