First Busey: Fourth Quarter Earnings Overview

First Busey Corp. Announces Fourth-Quarter Financial Results

First Busey Corp., headquartered in Leawood, Kansas, revealed on Tuesday that its net income for the fourth quarter reached $60.8 million.

The company reported earnings of 63 cents per share, with adjusted earnings—factoring out one-time items—coming in at 68 cents per share.

These figures exceeded analysts’ expectations, as a consensus of four analysts polled by Zacks Investment Research had projected earnings of 61 cents per share.

During the quarter, First Busey generated $277.8 million in total revenue. After accounting for interest expenses, net revenue stood at $200.2 million, which also outperformed Wall Street estimates.

Since the start of the year, First Busey’s stock price has increased by just over 5%. By the close of trading on Tuesday, shares were valued at $25.07, marking a 6.5% rise over the past year.