First Busey Corporation reports results for the quarter ended September 30 - Earnings Summary

• First Busey Corporation reported quarterly adjusted earnings of 61 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 64 cents. The mean expectation of six analysts for the quarter was for earnings of 67 cents per share. Wall Street expected results to range from 64 cents to 69 cents per share.

• Revenue fell 1.4% to $193.55 million from a year ago; analysts expected $195.80 million.

• First Busey Corporation's reported EPS for the quarter was 61 cents​.

• The company reported quarterly net income of $51.26 million.

• First Busey Corporation shares had risen by 4.3% this quarter and gained 27.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is also "hold"

• Wall Street's median 12-month price target for First Busey Corporation is $31.00, about 2% above its last closing price of $30.38

This summary was machine generated from LSEG data October 27 at 09:47 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)