First Busey Reports Strong Q4 Earnings, Exceeding Analyst Expectations
CHAMPAIGN, Ill., Jan. 19, 2023 - First Busey Corp. (BUSE) today announced its financial results for the fourth quarter of 2022.
Key Highlights:
* Earnings of $28.1 million, or 49 cents per share
* Adjusted earnings of 53 cents per share, exceeding analyst estimates of 52 cents per share
* Revenue of $166.5 million
* Revenue net of interest expense of $116.8 million
Full-Year Results:
* Profit of $113.7 million, or $1.98 per share
* Revenue of $462.3 million
Market Performance:
* First Busey shares have declined 0.5% since January 1, 2023
* As of market close on Tuesday, shares were trading at $23.45, down approximately 6% from the previous year