NASDAQ$BUSE

First Busey Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Net income and adjusted net income increased compared to Q4 2020 and Q1 2020.

First Busey Corporation reported a net income of $37.8 million, or $0.69 per diluted common share, for the first quarter of 2021. Adjusted net income for the first quarter of 2021 was $38.1 million, or $0.69 per diluted common share.

  • First quarter net income reached $37.8 million, resulting in diluted EPS of $0.69.
  • Adjusted net income for the first quarter totaled $38.1 million, with adjusted diluted EPS at $0.69.
  • Tangible book value per common share was $16.65 as of March 31, 2021, reflecting a year-over-year increase of 6.9%.
  • Wealth management assets under care grew to $10.69 billion as of March 31, 2021.

Headline financials

Total Revenue

$96.3M

Previous: $97M-0.6%
EPS (adj)

$0.69

Previous: $0.28+146.4%
Net Interest Margin

2.7%

Previous: 3.2%-15.0%
ROAA

1.4%

Previous: 0.6%+126.6%
ROATCE

16.8%

Previous: 7.3%+130.1%
Efficiency Ratio

54.7%

Previous: 59.7%-8.4%
Adjusted Efficiency Ratio

54.3%

Previous: 59.5%-8.8%
Non-performing Loans %

0.3%

No prior period
Capital Expenditures

-$1.91M

Previous: -$2.31M+17.4%
Free Cash Flow

$35.9M

Previous: $13.1M+175.1%
Net Income

$37.8M

Previous: $15.4M+146.1%
Operating Income

$71.2M

Previous: $51.2M+39.1%
Gross Profit

$91.6M

Previous: $78.5M+16.7%
Cash & Equivalents

$405M

Previous: $343M+18.1%
Total Assets

$10.8B

Previous: $9.72B+10.7%
Stock-Based Comp

$1.45M

Previous: $1.14M+27.1%

Revenue & EPS history

First Busey · Revenue · Quarterly

$96.3M

Q1 2021-0.6%vs Q1 2020
Beat estimate in 5 of 16 quarters(31%)
ActualEstimate

Revenue by segment

First Busey · $4.68M total across 1 segment · Q1 2021

  • Wealth Mgmt Fees
    $4.68M-59.6%

Forward guidance

Company expects to navigate the economic environment caused by COVID-19 effectively and prudently and remains resolute in its focus on serving its customers, communities, and associates while protecting its balance sheet.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+1.8%

Avg return

30 days after

37%

24 / 65 earnings

Positive

+10.7%

Q1 2020

Best reaction

-8.3%

Q2 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.5%-1.1%+3.2%
Q4 2025-2.5%+1.6%+1.2%
Q3 2025-3.1%-2.3%+1.3%
Q1 2025+3.3%+1.7%+5.0%
Q4 2024+1.9%+1.3%+2.3%
Q3 2024-0.4%-2.4%+8.4%
Q2 2024+0.0%+3.8%-5.2%
Q1 2024+1.0%-0.4%-0.3%
Q4 2023+0.5%+1.0%-4.5%
Q3 2023-2.9%+0.6%+11.4%
Q2 2023-0.7%-2.3%-7.5%
Q1 2023-4.4%-3.7%+1.3%
Q4 2022-6.0%-5.2%+1.9%
Q3 2022+3.0%+6.9%+8.5%
Q2 2022-1.5%-0.7%-3.9%
Q1 2022-4.5%-5.4%-3.0%
Q4 2021-1.2%-2.5%-4.3%
Q3 2021-5.5%-3.2%+7.1%
Q2 2021+1.8%+2.6%+2.1%
Q1 2021-1.3%-1.1%+5.3%
Q4 2020-7.4%-9.6%+2.8%
Q3 2020-5.3%-2.8%+15.1%
Q2 2020+5.4%+1.0%+6.5%
Q1 2020+10.7%+2.3%+6.4%
Q4 2019-2.6%-4.4%-14.8%
Q3 2019+2.8%+2.5%+4.4%
Q2 2019+3.1%+4.5%-4.3%
Q1 2019+3.3%+4.1%+1.1%
Q4 2018-1.8%-2.1%+4.2%
Q3 2018-4.6%-1.9%-0.1%
Q2 2018-2.6%-2.7%-1.4%
Q1 2018+0.0%-1.4%+4.2%
Q4 2017-0.5%+0.1%-4.4%
Q3 2017-0.6%+0.1%-3.2%
Q2 2017+2.2%+1.7%+0.1%
Q1 2017+4.3%-1.2%-4.9%
Q4 2016-1.4%-4.7%+2.1%
Q3 2016+0.9%+0.3%+21.9%
Q2 2016-0.4%-0.3%+4.3%
Q1 2016-0.0%
Q4 2015-2.6%
Q3 2015+4.8%
Q2 2015+0.8%
Q1 2015-1.5%
Q4 2014-4.3%
Q3 2014+0.0%
Q2 2014-0.4%
Q1 2014-1.1%
Q4 2013-2.7%
Q3 2013+1.3%
Q2 2013+1.6%
Q1 2013-2.6%
Q4 2012-2.9%
Q3 2012-1.0%
Q2 2012-0.6%
Q1 2011+0.9%
Q1 2012+3.4%
Q4 2009+2.2%
Q4 2010+2.2%
Q4 2011+2.2%
Q3 2011-3.3%
Q3 2010-3.3%
Q2 2011-8.3%
Q2 2010-8.3%
Q1 2010-6.8%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro