First Busey Corporation (BUSE) 10-Year Financial Performance & Capital Metrics

BUSE • • Banking & Credit

Financial ServicesRegional BanksCommunity & Regional Retail BankingMidwest Community Banks

AboutFirst Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, FirsTech, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans, as well as home equity lines of credit. The company also provides money transfer, safe deposit, IRA, and other fiduciary services through banking center, ATM and technology-based networks. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides asset management, philanthropic advisory, tax preparation, and professional farm management services; and commercial depository services, such as cash management services. Additionally, it offers payment technology solutions through its payment platform, such as walk-in payment processing for customers at retail pay agents; online bill payment solutions; customer service payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered to automated clearing house network; money management and credit card networks; and lockbox remittance processing to make payments by mail, as well as provides tools related to billing, reconciliation, bill reminders, and treasury services. The company has 46 banking centers in Illinois; 8 in Missouri; 3 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.Show more

Net Interest Income $322M +0.7%
Total Revenue $663M +10.3%
Net Income $114M -7.2%
Return on Equity 8.56% -15.5%
Net Interest Margin 2.67% +2.7%
Efficiency Ratio 45.21% -4.5%
ROA 0.93% -6.1%
Equity / Assets 11.48% +10.9%
Book Value per Share 24.04 +6.3%
Tangible BV/Share 17.68 +8.3%
Debt/Equity 0.34 -17.6%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Efficient operations: 45.2% efficiency ratio
✓Well capitalized: 11.5% equity/assets
✓Healthy dividend yield of 3.8%
✓Trading near 52-week high
✓Trading at only 1.0x book value

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y14.77%

5Y6.99%

3Y15.36%

TTM-

Profit (Net Income) CAGR

10Y13.25%

5Y2%

3Y-2.71%

TTM-7.83%

EPS CAGR

10Y5.96%

5Y1.15%

3Y-3.45%

TTM-22.16%

ROCE

10Y Avg9.67%

5Y Avg8.65%

3Y Avg8.8%

Latest8.28%

Peer Comparison

Midwest Community Banks

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
TFSLTFS Financial Corporation	3.97B	14.13	44.16	4.37%	11.49%	4.41%	1.15%	2.57
ASBAssociated Banc-Corp	4.43B	26.70	37.08	4.42%	5.85%	3.62%	12.08%	0.69
ASBAAssociated Banc-Corp	4.11B	24.78	30.98	-6.56%	12.92%	3.77%	13.02%	0.17
BANFBancFirst Corporation	3.81B	114.30	17.75	12.28%	23.81%	13.33%	5.89%	0.05
SYBTStock Yards Bancorp, Inc.	2.03B	68.83	17.69	15.84%	22.86%	12.99%	6.56%	0.53
PRKPark National Corporation	2.63B	163.76	17.57	14.4%	23.46%	13.22%	6.44%	0.24
NICNicolet Bankshares, Inc.	1.97B	133.08	16.53	24.6%	23.88%	11.4%	5.95%	0.14
LKFNLakeland Financial Corporation	1.52B	59.47	16.38	9.38%	21.74%	13.06%	6.18%

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Net Interest Income+	111.81M	154.66M	203.37M	241.41M	287.22M	282.94M	270.7M	323.44M	319.45M	321.76M
NII Growth %	0.1%	0.38%	0.31%	0.19%	0.19%	-0.01%	-0.04%	0.19%	-0.01%	0.01%
Net Interest Margin %	-	-	-	-	-	-	-	-	-	-
Interest Income	118.02M	164.89M	224.3M	286.03M	356.23M	326.6M	298.8M	359.99M	479.37M	522.83M
Interest Expense	6.21M	10.23M	20.94M	44.63M	69.01M	43.66M	28.1M	36.55M	159.92M	201.07M
Loan Loss Provision	1.6M	5.55M	5.3M	4.43M	10.41M	38.8M	-15.1M	4.62M	2.4M	8.59M
Non-Interest Income+	64.79M	75.17M	84.47M	89.99M	116.42M	118.27M	132.8M	126.61M	121.21M	139.68M
Non-Interest Income %	-	-	-	-	-	-	-	-	-	-
Total Revenue+	182.81M	240.06M	308.78M	376.03M	472.65M	444.86M	431.6M	486.6M	600.59M	662.51M
Revenue Growth %	0.09%	0.31%	0.29%	0.22%	0.26%	-0.06%	-0.03%	0.13%	0.23%	0.1%
Non-Interest Expense	115.31M	147.86M	174.43M	193.04M	258.79M	234.2M	261.78M	283.88M	284.36M	299.55M
Efficiency Ratio	-	-	-	-	-	-	-	-	-	-
Operating Income+	59.7M	76.42M	108.11M	133.93M	134.44M	128.21M	156.82M	161.74M	153.9M	153.3M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.19%	0.28%	0.41%	0.24%	0%	-0.05%	0.22%	0.03%	-0.05%	-0%
Pretax Income+	59.7M	76.42M	108.11M	133.93M	134.44M	128.21M	156.82M	161.74M	153.9M	153.3M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	20.7M	26.72M	45.38M	35M	31.48M	27.86M	33.37M	33.43M	31.34M	39.61M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	39.01M	49.69M	62.73M	98.93M	102.95M	100.34M	123.45M	128.31M	122.56M	113.69M
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.19%	0.27%	0.26%	0.58%	0.04%	-0.03%	0.23%	0.04%	-0.04%	-0.07%
Net Income (Continuing)	39.01M	49.69M	62.73M	98.93M	102.95M	100.34M	123.45M	128.31M	122.56M	113.69M
EPS (Diluted)+	1.32	1.40	1.45	2.01	1.87	1.83	2.20	2.29	2.18	1.98
EPS Growth %	0.19%	0.06%	0.04%	0.39%	-0.07%	-0.02%	0.2%	0.04%	-0.05%	-0.09%
EPS (Basic)	1.32	1.42	1.47	2.02	1.88	1.84	2.23	2.32	2.21	2.01
Diluted Shares Outstanding	29.1M	35.41M	43.13M	49.22M	55.13M	54.83M	56.01M	56.14M	56.26M	57.54M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash & Short Term Investments+	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Cash & Due from Banks	319.28M	166.71M	347.63M	239.97M	529.29M	688.54M	836.1M	227.16M	719.58M	697.66M
Short Term Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Total Investments+	3.47B	4.9B	6.88B	6.86B	8.36B	9.02B	11.12B	11.03B	10.53B	10.27B
Investments Growth %	0.11%	0.41%	0.41%	-0%	0.22%	0.08%	0.23%	-0.01%	-0.04%	-0.02%
Long-Term Investments	2.64B	4.14B	6.01B	6.16B	6.71B	6.76B	7.14B	8.57B	8.44B	9.04B
Accounts Receivables	0	0	0	0	0	0	0	0	0	0
Goodwill & Intangibles+	-	-	-	-	-	-	-	-	-	-
Goodwill	25.51M	102.81M	269.35M	267.69M	311.54M	311.54M	317.87M	317.87M	317.87M	333.69M
Intangible Assets	7.43M	18.46M	38.73M	32.87M	61.59M	51.98M	58.05M	46.42M	35.99M	32.28M
PP&E (Net)	63.09M	77.86M	116.91M	117.67M	160.76M	142.91M	146.68M	139.35M	133.62M	129.43M
Other Assets	87.75M	144.05M	188.35M	176.53M	276.15M	326.43M	381.18M	579.28M	544.66M	583.61M
Total Current Assets	1.15B	925.91M	1.23B	937.66M	2.18B	2.95B	4.82B	2.69B	2.81B	1.93B
Total Non-Current Assets	2.84B	4.5B	6.64B	6.76B	7.52B	7.59B	8.04B	9.65B	9.48B	10.12B
Total Assets+	4B	5.43B	7.86B	7.7B	9.7B	10.54B	12.86B	12.34B	12.28B	12.05B
Asset Growth %	0.09%	0.36%	0.45%	-0.02%	0.26%	0.09%	0.22%	-0.04%	-0%	-0.02%
Return on Assets (ROA)	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
Accounts Payable	0	0	0	0	0	0	0	0	0	0
Total Debt+	307.97M	415.02M	749.69M	405.64M	477.42M	486.29M	638.82M	917.7M	523.58M	469.19M
Net Debt	-11.31M	248.32M	402.06M	165.66M	-51.86M	-202.25M	-197.28M	690.54M	-196M	-228.47M
Long-Term Debt	135M	150.87M	225.13M	219.84M	253.83M	298.26M	340.41M	323.85M	312.88M	302.54M
Short-Term Debt	172.97M	264.16M	524.57M	185.8M	214.04M	180.27M	287.82M	580.86M	199.4M	155.61M
Other Liabilities	28.71M	41.53M	49.98M	52.44M	95.47M	109.84M	133.18M	201.72M	196.7M	211.78M
Total Current Liabilities	3.46B	4.64B	6.65B	6.44B	8.12B	8.86B	11.06B	10.65B	10.49B	10.14B
Total Non-Current Liabilities	163.71M	192.4M	275.11M	272.28M	358.86M	415.86M	484.18M	538.56M	520.88M	525.35M
Total Liabilities	3.63B	4.85B	6.94B	6.71B	8.51B	9.27B	11.54B	11.19B	11.01B	10.66B
Total Equity+	373.19M	594.31M	935M	994.96M	1.22B	1.27B	1.32B	1.15B	1.27B	1.38B
Equity Growth %	-0.14%	0.59%	0.57%	0.06%	0.23%	0.04%	0.04%	-0.13%	0.11%	0.09%
Equity / Assets (Capital Ratio)	-	-	-	-	-	-	-	-	-	-
Return on Equity (ROE)	0.1%	0.1%	0.08%	0.1%	0.09%	0.08%	0.1%	0.1%	0.1%	0.09%
Book Value per Share	12.82	16.78	21.68	20.22	22.14	23.17	23.55	20.41	22.61	24.04
Tangible BV per Share	-	-	-	-	-	-	-	-	-	-
Common Stock	29K	39K	49K	49K	56K	56K	58K	58K	58K	60K
Additional Paid-in Capital	591.05M	781.72M	1.08B	1.08B	1.25B	1.25B	1.32B	1.32B	1.32B	1.36B
Retained Earnings	-190.26M	-163.69M	-132.12M	-72.17M	-14.81M	20.83M	92.46M	168.77M	237.2M	294.05M
Accumulated OCI	2.34M	36K	-2.81M	-6.81M	14.96M	33.31M	-23.76M	-273.28M	-218.8M	-207.04M
Treasury Stock	-29.97M	-23.79M	-15M	-6.19M	-27.98M	-37.49M	-66.64M	-70.55M	-70.07M	-64.34M
Preferred Stock	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	61.51M	-20.89M	253.36M	202.55M	88.32M	163.17M	162.01M	165.79M	173.39M	178.27M
Operating CF Growth %	-0.1%	-1.34%	13.13%	-0.2%	-0.56%	0.85%	-0.01%	0.02%	0.05%	0.03%
Net Income	39.01M	49.69M	62.73M	98.93M	102.95M	100.34M	123.45M	128.31M	122.56M	113.69M
Depreciation & Amortization	8.89M	11.73M	15.37M	16.94M	24.14M	27.95M	28.18M	25.65M	22.7M	20.56M
Deferred Taxes	2.98M	2.95M	14.1M	7.12M	1.3M	-3M	10.23M	5.06M	6.08M	1.38M
Other Non-Cash Items	12.13M	-78.86M	156.03M	67.13M	-36.69M	49.62M	17.1M	55.11M	24.45M	29M
Working Capital Changes	-2.92M	-8.22M	2.38M	8.71M	-7.37M	-18.87M	-24.8M	-57.31M	-9M	5.91M
Cash from Investing+	-134.25M	149.74M	-293.85M	-55.35M	57.44M	-729.54M	-829.19M	-290.86M	550.99M	657.9M
Purchase of Investments	-251.58M	-182.55M	-494.36M	-342M	-409.49M	-1.3B	-2.31B	-294.9M	-17.05M	-213.03M
Sale/Maturity of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Net Investment Activity	-	-	-	-	-	-	-	-	-	-
Acquisitions	12.11M	25.57M	26.98M	0	-61.48M	0	228.28M	0	0	18.38M
Other Investing	-117M	17.61M	-155.81M	-39.38M	-243.37M	-108.92M	90.35M	-546.63M	85.71M	312.72M
Cash from Financing+	52.58M	-281.42M	227.06M	-260.5M	143.56M	725.61M	814.74M	-483.86M	-231.96M	-858.09M
Dividends Paid	-18.62M	-22.75M	-30.71M	-39.01M	-45.17M	-48.01M	-50.76M	-50.86M	-53.08M	-54.17M
Share Repurchases	-78.97M	0	0	0	-24.29M	-12.27M	-33.04M	-9.91M	-4.48M	0
Stock Issued	30M	0	0	0	0	0	0	0	0	0
Net Stock Activity	-	-	-	-	-	-	-	-	-	-
Debt Issuance (Net)	1000K	-1000K	1000K	-1000K	1000K	1000K	1000K	1000K	-1000K	-1000K
Other Financing	120.17M	-149.77M	138.95M	4.01M	183.69M	745.98M	844.2M	-738.5M	176.65M	-736.47M
Net Change in Cash+	-20.16M	-152.57M	186.57M	-113.3M	289.31M	159.25M	147.56M	-608.93M	492.42M	-21.92M
Exchange Rate Effect	0	0	0	0	0	0	0	0	0	0
Cash at Beginning	339.44M	319.28M	166.71M	353.27M	239.97M	529.29M	688.54M	836.1M	227.16M	719.58M
Cash at End	319.28M	166.71M	353.27M	239.97M	529.29M	688.54M	836.1M	227.16M	719.58M	697.66M
Interest Paid	6.28M	9.67M	19.34M	40.64M	70.58M	53.6M	25.37M	35.3M	135.48M	208.36M
Income Taxes Paid	17.17M	20.19M	26.42M	23.18M	24.73M	22.2M	22.49M	30.68M	25.41M	12.91M
Free Cash Flow+	57.39M	-29.89M	238.38M	190.93M	75.08M	158.98M	156.97M	160.8M	163.86M	171.84M
FCF Growth %	-0.11%	-1.52%	8.98%	-0.2%	-0.61%	1.12%	-0.01%	0.02%	0.02%	0.05%

Banking Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	9.67%	10.27%	8.2%	10.25%	9.29%	8.06%	9.54%	10.41%	10.14%	8.56%
Return on Assets (ROA)	1.02%	1.05%	0.94%	1.27%	1.18%	0.99%	1.05%	1.02%	1%	0.93%
Net Interest Margin	2.8%	2.85%	2.59%	3.13%	2.96%	2.68%	2.11%	2.62%	2.6%	2.67%
Efficiency Ratio	63.07%	61.59%	56.49%	51.34%	54.75%	52.64%	60.65%	58.34%	47.35%	45.21%
Equity / Assets	9.33%	10.95%	11.89%	12.92%	12.59%	12.05%	10.26%	9.29%	10.36%	11.48%
Book Value / Share	12.82	16.78	21.68	20.22	22.14	23.17	23.55	20.41	22.61	24.04
NII Growth	10.08%	38.32%	31.49%	18.71%	18.98%	-1.49%	-4.32%	19.48%	-1.23%	0.72%
Dividend Payout	47.73%	45.78%	48.95%	39.43%	43.88%	47.85%	41.12%	39.64%	43.3%	47.65%

Revenue by Segment

	2018	2019	2020	2021	2022	2023	2024
Asset Management	-	-	-	-	55.38M	57.31M	63.63M
Asset Management Growth	-	-	-	-	-	3.49%	11.03%
Banking	28.88M	36.68M	31.6M	-	33.11M	29.04M	30.93M
Banking Growth	-	27.02%	-13.85%	-	-	-12.28%	6.50%
Technology Service	-	-	-	-	20.07M	21.19M	21.98M
Technology Service Growth	-	-	-	-	-	5.61%	3.73%
Wealth management fees	-	-	-	53.09M	-	-	-
Wealth management fees Growth	-	-	-	-	-	-	-
Fees for customer services	-	-	-	35.6M	-	-	-
Fees for customer services Growth	-	-	-	-	-	-	-
Payment technology solutions	-	-	-	18.35M	-	-	-
Payment technology solutions Growth	-	-	-	-	-	-	-
Asset Management1	-	-	42.93M	-	-	-	-
Asset Management1 Growth	-	-	-	-	-	-	-
Remittance Processing	-	-	15.4M	-	-	-	-
Remittance Processing Growth	-	-	-	-	-	-	-
Investment Advice	-	38.56M	-	-	-	-	-
Investment Advice Growth	-	-	-	-	-	-	-
Deposit Account	14.35M	15.04M	-	-	-	-	-
Deposit Account Growth	-	4.86%	-	-	-	-	-
Fiduciary And Trust	27.18M	-	-	-	-	-	-
Fiduciary And Trust Growth	-	-	-	-	-	-	-
Commissions And Brokers Fees Net	3.79M	-	-	-	-	-	-
Commissions And Brokers Fees Net Growth	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

First Busey Corporation (BUSE) has a price-to-earnings (P/E) ratio of 12.6x. This may indicate the stock is undervalued or faces growth challenges.

Growth & Financials

First Busey Corporation (BUSE) grew revenue by 10.3% over the past year. This is steady growth.

Yes, First Busey Corporation (BUSE) is profitable, generating $102.6M in net income for fiscal year 2024 (17.2% net margin).

Dividend & Returns

Yes, First Busey Corporation (BUSE) pays a dividend with a yield of 3.79%. This makes it attractive for income-focused investors.

First Busey Corporation (BUSE) has a return on equity (ROE) of 8.6%. This is below average, suggesting room for improvement.

Industry Metrics

First Busey Corporation (BUSE) has a net interest margin (NIM) of 2.7%. NIM has been under pressure due to interest rate environment.

First Busey Corporation (BUSE) has an efficiency ratio of 45.2%. This is excellent, indicating strong cost control.

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