The headline numbers for First Busey (BUSE) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Comprehensive Analysis of First Busey Corp's First Quarter Financial Performance

First Busey (BUSE) delivered earnings and revenue surprises of -4.08% and 1.57%, respectively, for the quarter ended March 2024. Do the numbers hold clues to what lies ahead for the stock?

CHAMPAIGN, Ill., April 23, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (Nasdaq: BUSE) Net Income of $26.2 millionDiluted EPS of $0.46 FIRST QUARTER 2024 HIGHLIGHTS Adjusted net income1 of $26.5 million, or $0.47 per diluted common shareNet interest margin1 increased by 5 basis points during the first quarter of 2024 to 2.79%Executed a two-part balance sheet repositioning expected to be both capital and earnings accretiveAdjusted noninterest income1 of $33.9 million, or 30.9% of operating re

First Busey Corporation ( NASDAQ:BUSE ) will pay a dividend of $0.24 on the 26th of April. This makes the dividend...

First Busey (BUSE) buys Merchants and Manufacturers Bank. The deal is set to aid geographical expansion, increase the deposit balance, and expand the commercial banking and wealth management businesses.

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 01, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024. The transaction was previously announced on November 27, 2023. At the effective time of the merger, each share of M&M common stock convert

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., March 26, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), today jointly announced that the election deadline for M&M shareholders of record to make merger consideration elections in connection with the previously announced merger between Busey and M&M is 5:00 p.m.,

Commerce Bancshares (CBSH) benefits from a solid loan balance, higher interest rates and improved fee income. However, rising expenses and poor asset quality are headwinds.

Key Insights Given the large stake in the stock by institutions, First Busey's stock price might be vulnerable to their...