First Busey Corp reports results for the quarter ended March 31 - Earnings Summary

• First Busey Corp BUSE.OQ reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 46 cents. The mean expectation of six analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 52 cents to 54 cents per share.

• Revenue rose 12.8% to $124.95 million from a year ago; analysts expected $140.77 million.

• First Busey Corp's reported EPS for the quarter was a loss of 44 cents​.

• The company reported a quarterly loss of $29.99 million.

• First Busey Corp shares had fallen by 7.9% this quarter and lost 15.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 5.2% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "buy"

• Wall Street's median 12-month price target for First Busey Corp is $26.50

This summary was machine generated from LSEG data April 22 at 09:53 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)