First Busey reported Q2 earnings of 63 cents per share. Quarterly sales of $198.046 million beat estimates of $193.508 million. Shares fell 0.8% to $23.50 following the earnings report. DA Davidson raised the price target from $23 to $26. Keefe, Bruyette & Woods lowered the price target from $30 to $29.
- First Busey reported $110.77 million in revenue, a 5.9% year-over-year decline. - EPS of $0.47 for the quarter compared to $0.65 a year ago. - Key metrics like Efficiency Ratio, Net Interest Margin, and Non-performing loans were monitored. - Revenue and earnings changes compared with Wall Street expectations influence investor decisions. - Shares of First Busey returned -1.3% over the past month. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- First Busey missed estimated earnings with $0.47 per share, down from $0.65 last year. - Revenues for the quarter ended March 2024 were $110.77M, beating estimates by 1.57%. - Company has beat consensus EPS estimates two times over last four quarters. - First Busey shares down 7.8% year-to-date vs. S&P 500's 5.1% gain. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings