First Busey: 2Q Earnings Snapshot
CHAMPAIGN, Ill. (AP) _ First Busey Corp. (BUSE) on Tuesday reported second-quarter net income of $24.1 million.
The bank, based in Champaign, Illinois, said it had earnings of 43 cents per share. Earnings, adjusted for one-time gains and costs, were 53 cents per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The bank holding company posted revenue of $119.4 million in the period. Its revenue net of interest expense was $101.3 million, missing Street forecasts. Five analysts surveyed by Zacks expected $102.7 million.
First Busey shares have increased almost 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $26.16, a decrease of 20% in the last 12 months.