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First Busey Corporation (BUSE) |
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Price: $21.9000
$0.10 
0.459%
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| Day's High:
| $22.16
| Week Perf:
| -1.48 %
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| Day's Low: |
$ 21.87 |
30 Day Perf: |
-3.01 % |
| Volume (M): |
117 |
52 Wk High: |
$ 25.80 |
| Volume (M$): |
$ 2,567 |
52 Wk Avg: |
$21.31 |
| Open: |
$22.05 |
52 Wk Low: |
$16.26 |
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| Market Capitalization (Millions $) |
1,231 |
| Shares
Outstanding (Millions) |
56 |
| Employees |
795 |
| Revenues (TTM) (Millions $) |
509 |
| Net Income (TTM) (Millions $) |
123 |
| Cash Flow (TTM) (Millions $) |
492 |
| Capital Exp. (TTM) (Millions $) |
10 |
First Busey Corporation
First Busey Corporation, a Nevada Corporation, is a financial holding company
which was initially organized as a bank holding company in 1980. First Busey
conducts a broad range of financial services through its banking and non-banking
subsidiaries at multiple locations in Illinois, Florida, Indiana and Missouri.
First Busey has one wholly-owned bank subsidiary, Busey Bank, which has locations
in Illinois, Indiana and Florida. First Busey is headquartered in Champaign,
Illinois, and its common stock is traded on The Nasdaq Global Select Market
under the symbol “BUSE.”
First Busey conducts the business of banking and related services through the
Bank, asset management, brokerage and fiduciary services through Busey Wealth
Management, Inc. (“Busey Wealth Management”) and Trevett Capital
Partners (“Trevett”), and retail payment processing through FirsTech,
Inc. (“FirsTech”).
The Bank is an Illinois state-chartered bank organized in 1868 with its headquarters
in Champaign, Illinois. The Bank has 28 locations in Illinois, six in southwest
Florida and one in Indianapolis, Indiana.
The Bank offers a full range of diversified financial products and services
for consumers and businesses, including innovative online and mobile banking
capabilities to conveniently serve our customers’ needs. Services include
commercial, agricultural and real estate loans, and retail banking services,
including home equity lines of credit, residential real estate and consumer
loans, customary types of demand and savings deposits, money transfers, safe
deposit services, and IRA, Keogh and other fiduciary services through our branch,
ATM and technology-based networks. In addition, our professional farm management
and brokerage services are entrusted to care and maximize value for landowners
of prime farmland in Illinois.
The Bank’s principal sources of income are interest and fees on loans
and investments and service fees. Its principal expenses are interest paid on
deposits and general operating expenses. The Bank’s primary markets are
downstate Illinois, southwest Florida, and central Indiana.
Company Address: 100 W. University Ave. Champaign 61820 IL
Company Phone Number: 365-4544 Stock Exchange / Ticker: NASDAQ BUSE
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Customers Net Income fell by |
BUSE's Customers Net Profit Margin fell to |
-4.36 % |
11.29 %
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| Stock Performances by Major Competitors |
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| Merger and Acquisition
Published Mon, Apr 1 2024 1:00 PM UTC
CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 1, 2024 - First Busey Corporation (Busey) (NASDAQ: BUSE) has officially completed its acquisition of Merchants and Manufacturers Bank Corporation (M&M), the holding company for Merchants and Manufacturers Bank (M&M Bank), as of April 1, 2024. The transaction, which was initially announced on November 27, 2023, marks a si...
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| Management Announcement
Published Tue, Mar 26 2024 3:00 PM UTC
Introduction
In a groundbreaking announcement, First Busey Corporation (Busey) and Merchants and Manufacturers Bank Corporation (M&M) revealed the finalization of their merger agreement, setting a deadline for M&M shareholders to make important merger consideration elections. This strategic alliance aims to create a formidable force in the financial sector, leveragi...
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| First Busey Corporation
First Busey Corporation (Nasdaq: BUSE) recently announced disappointing financial results for the period closing on December 31, 2023. The company's income per share dropped by a significant -25.67%, falling from $0.62 per share to $0.46 per share compared to the previous year. Moreover, profits experienced a decline of -15.01% during the quarter, decreasing from $0.54 per share to $0.46 per share.
Revenue also took a hit, sinking by -6.203% to $126.24 million from $134.59 million in the same quarter of the previous year. This represents a consecutive decrease in revenue, as the company experienced a minimal growth of 0.13% from the previous quarter.
Further analyzing the financial period ending December 31, 2023, First Busey Corporation's earnings fell by a staggering -25.12% to $25.749 million from $34.387 million in the corresponding period a year earlier. This decline in profits is a significant cause for concern.
Looking closely at First Busey Corporation's profitability, the operating margin experienced a drop to 40.61%, while the net margin shrank to 20.4%. These figures highlight a concerning trend for the company's financial health. Operating earnings also fell by -15.84% to $51.263 million, leading to a decrease in the operating margin from 45.26% in the fourth quarter of 2022 to the current figure.
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| Merger and Acquisition
Published Mon, Nov 27 2023 10:00 PM UTC
First Busey Expands Market Presence in Chicago MSA and Adds Life Equity Loan Products to Suite of Services
The merger of First Busey Corporation and Merchants and Manufacturers Bank Corporation has created a buzz in the financial market. This strategic move will not only strengthen First Busey's market presence in the Chicago Metropolitan Statistical Area (MSA) but also ...
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| First Busey Corporation
First Busey Corporation (Nasdaq: BUSE) has recently released its financial results for the most recent fiscal period. The report highlights a decline in income and revenue compared to the previous year. However, when compared to the preceding period, there was some improvement in income and revenue. This article will break down the facts and provide an interpretation of these results.
1. Decline in Income and Revenue:
In the most recent fiscal period, First Busey Corporation experienced a decrease in income and revenue. Income fell by -15.63% to $0.54 per share, while revenue decreased by -6.266% to $126.08 million year on year. This decline is not favorable for the company's financial standing.
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| Per Share |
Current |
| Earnings (TTM) |
2.17 $ |
| Revenues (TTM) |
9.06 $
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| Cash Flow (TTM) |
8.76 $ |
| Cash |
-
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| Book Value |
22.62 $
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| Dividend (TTM) |
0.96 $ |
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| Per Share |
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| Earnings (TTM) |
2.17 $
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| Revenues (TTM) |
9.06 $ |
| Cash Flow (TTM) |
8.76 $ |
| Cash |
-
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| Book Value |
22.62 $ |
| Dividend (TTM) |
0.96 $ |
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0.36% 