In This Article:
For the quarter ended September 2024, First Busey (BUSE) reported revenue of $118.49 million, up 8.9% over the same period last year. EPS came in at $0.58, compared to $0.55 in the year-ago quarter.
The reported revenue represents a surprise of +0.15% over the Zacks Consensus Estimate of $118.32 million. With the consensus EPS estimate being $0.54, the EPS surprise was +7.41%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how First Busey performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
-
Efficiency Ratio: 62.2% compared to the 62.1% average estimate based on three analysts.
-
Net Interest Margin: 3% compared to the 3.1% average estimate based on three analysts.
-
Non-performing loans: $8.22 million versus the two-analyst average estimate of $12.21 million.
-
Average Balances - Interest-earning assets: $10.94 billion versus the two-analyst average estimate of $10.95 billion.
-
Total noninterest income: $35.95 million versus $34.32 million estimated by three analysts on average.
-
Mortgage revenue: $0.36 million versus $0.50 million estimated by three analysts on average.
-
Fees for customer services: $8.17 million versus the two-analyst average estimate of $7.75 million.
-
Net Interest Income: $82.54 million compared to the $84.09 million average estimate based on two analysts.
-
Payment technology solutions: $5.27 million compared to the $6.11 million average estimate based on two analysts.
-
Tax-equivalent net interest income: $82.94 million versus the two-analyst average estimate of $84.24 million.
-
Wealth management fees: $15.38 million versus $15.72 million estimated by two analysts on average.
View all Key Company Metrics for First Busey here>>>
Shares of First Busey have returned -6.9% over the past month versus the Zacks S&P 500 composite's +2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report