First BuseyNASDAQ: BUSE

While the top- and bottom-line numbers for First Busey (BUSE) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

First Busey (BUSE) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.55 per share a year ago.

CHAMPAIGN, Ill., Oct. 22, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE)  Net Income of $32.0 million Diluted EPS of $0.55 THIRD QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $33.5 million, or $0.58 per diluted common share Noninterest income of $36.0 million, or 30.5% of operating revenue1 Record high quarterly revenue for the Wealth Management operating segment Tangible book value per common share1 of $18.19 at September 30, 2024, compared to $16.97 at June 30, 2024, and $15.07 at September 30, 2023, a year-over-year increase of 20.7% Tangible common equity1 increased to 8.96% of tangible assets at September 30, 2024, compared to 8.36% at June 30, 2024, and 7.06% at September 30, 2023 Announced transformative partnership with CrossFirst Bankshares For additional information, please refer to the 3Q24 Earnings Investor Presentation.

The merger deal with CrossFirst will increase BUSE's asset size and fortify its commercial banking businesses.

NEW YORK , Aug. 27, 2024 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by CrossFirst Bankshares, Inc. (NASDAQ: CFB) and its board of directors concerning the proposed acquisition of the company by First Busey Corporation (NASDAQ: BUSE). Stockholders will receive 0.6675 shares of First Busey common stock for each share of CrossFirst Bankshares stock that they hold.

Although the revenue and EPS for First Busey (BUSE) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

First Busey (BUSE) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.52 per share a year ago.

CHAMPAIGN, Il., July 23, 2024 (GLOBE NEWSWIRE) --  First Busey Corporation (Nasdaq: BUSE)   Net Income of $27.4 million Diluted EPS of $0.47   SECOND QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $29.0 million, or $0.50 per diluted common share Net interest margin1 increased by 24 basis points to 3.03% from 2.79% in the prior quarter Noninterest income of $33.8 million, and adjusted noninterest income1 of $33.9 million, or 29.1% of operating revenue1 Record high quarterly revenue for both the Wealth Management and FirsTech operating segments Finalized the acquisition of Merchants & Manufacturers Bank Corporation (“M&M”) and its wholly owned subsidiary Merchants & Manufacturers Bank (“M&M Bank”) on April 1, 2024, and completed the integration of M&M Bank into Busey Bank on June 21, 2024 Tangible book value per common share1 of $16.97 at June 30, 2024, compared to $16.84 at March 31, 2024, and $15.25 at June 30, 2023, a year-over-year increase of 11.3% Tangible common equity1 increased to 8.36% of tangible assets at June 30, 2024, compared to 8.12% at March 31, 2024, and 7.18% at June 30, 2023 For additional information, please refer to the 2Q24 Earnings Investor Presentation.

First Busey (BUSE) buys Merchants and Manufacturers Bank. The deal is set to aid geographical expansion, increase the deposit balance, and expand the commercial banking and wealth management businesses.