First Busey (NASDAQ:BUSE) Issues Quarterly Earnings Results

First Busey (NASDAQ:BUSE) released its quarterly earnings results on Tuesday. The bank reported $0.63 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.04), FiscalAI reports. The business had revenue of $194.25 million during the quarter, compared to analyst estimates of $195.77 million.

First Busey Price Performance

Shares of First Busey stock opened at $30.18 on Wednesday. The business has a 50 day simple moving average of $29.94 and a two-hundred day simple moving average of $27.83. First Busey has a 12 month low of $22.12 and a 12 month high of $31.70. The stock has a market capitalization of $2.49 billion, a P/E ratio of 12.47 and a beta of 0.75.

First Busey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Friday, October 23rd will be issued a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, October 23rd. First Busey’s dividend payout ratio (DPR) is presently 42.98%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on BUSE. DA Davidson upped their target price on First Busey from $30.00 to $31.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. Keefe, Bruyette & Woods raised their target price on shares of First Busey from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “buy (b)” rating on shares of First Busey in a research report on Friday, August 7th. Zacks Research downgraded First Busey from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, Piper Sandler lowered First Busey from an “overweight” rating to a “neutral” rating and cut their target price for the company from $35.00 to $30.00 in a research note on Friday, October 2nd. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, First Busey has an average rating of “Hold” and an average target price of $31.00.

First Busey News Summary

Here are the key news stories impacting First Busey this week:

• Positive Sentiment: First Busey reported $55.8 million in third-quarter net income, or approximately $0.61–$0.63 per diluted share. Deposits increased to $15.54 billion from $15.13 billion in the prior quarter, indicating continued balance-sheet growth. First Busey Corporation announces third quarter 2026 net income
• Positive Sentiment: The bank repurchased 1.97 million shares for $59.6 million during the quarter, which can support per-share value and signal management’s confidence in the company’s valuation. Non-performing assets remained relatively low at 0.45% of total assets. First Busey Q3 net income falls
• Neutral Sentiment: Net interest income rose modestly to $153.1 million from $152.4 million, but the net interest margin narrowed to 3.58% from 3.72%, highlighting pressure on lending profitability. First Busey earnings results
• Negative Sentiment: Quarterly earnings were $0.63 per share versus the $0.67 consensus estimate, while revenue of $194.25 million also missed the $195.77 million forecast. Earnings were below the $0.64 reported a year earlier. First Busey Q3 earnings and revenues miss estimates
• Negative Sentiment: Net income declined from $63.2 million in the second quarter, while provision for credit losses increased sharply to $9.6 million from $2.2 million and noninterest income fell 8.8% to $40.4 million. These trends could keep pressure on the stock until investors see improved margins and credit costs. First Busey announces third-quarter earnings

Insider Transactions at First Busey

In other First Busey news, Director Michael Cassens sold 1,441 shares of the firm’s stock in a transaction on Thursday, October 15th. The stock was sold at an average price of $29.12, for a total value of $41,961.92. Following the completion of the sale, the director directly owned 128,571 shares of the company’s stock, valued at $3,743,987.52. This trade represents a 1.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 4,323 shares of company stock worth $130,627. 3.77% of the stock is currently owned by corporate insiders.

About First Busey

First Busey Corporation is a financial holding company headquartered in Champaign, Illinois. Through its banking and wealth management businesses, the company serves individuals, families, businesses and institutions with a range of financial products and services.

Its principal banking subsidiary, Busey Bank, provides consumer and commercial checking and savings accounts, loans, mortgages, treasury management and other deposit and lending services. First Busey also offers investment management, trust, retirement planning, financial planning and brokerage services through its wealth management operations.

First Busey traces its banking roots to 1868 and primarily serves customers in Illinois, Indiana, Missouri and Florida, with additional markets following its combination with CrossFirst Bankshares.