NASDAQ$BUSE

First Busey Corporation · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

First Busey's third quarter earnings were announced, showing a net income of $25.9 million and core organic loan growth.

First Busey Corporation reported a net income of $25.9 million, or $0.46 per diluted common share, for the third quarter of 2021. The company experienced solid core organic loan growth and growth in wealth management assets under care. Noninterest income accounted for 31.9% of total revenue, supported by growth in wealth management, customer service fees, and remittance processing.

  • Net income for the third quarter of 2021 was $25.9 million, or $0.46 per diluted common share.
  • Core organic loan growth, excluding PPP loans, was $177.1 million, or 2.6%, in the third quarter.
  • Wealth management assets under care reached $12.36 billion at September 30, 2021, representing 30.1% year-over-year growth.
  • Noninterest income, excluding security gains, accounted for 31.9% of total revenue in the third quarter of 2021.

Headline financials

Total Revenue

$104M

Previous: $102M+1.9%
EPS (adj)

$0.58

Previous: $0.60-3.3%
Net Interest Margin

2.4%

No prior period
Efficiency Ratio

67.3%

Previous: 52.4%+28.3%
Adjusted Efficiency Ratio

59.0%

Previous: 50.0%+18.0%
Capital Expenditures

-$4.04M

Previous: -$3.16M-28.0%
Free Cash Flow

$21.9M

Previous: $27.7M-20.9%
Net Income

$25.9M

Previous: $30.8M-15.9%
Operating Income

$79.6M

Previous: $73.7M+8.0%
Gross Profit

$101M

Previous: $92.6M+9.4%
Cash & Equivalents

$884M

Previous: $480M+84.2%
Total Assets

$12.9B

Previous: $10.5B+22.4%
Stock-Based Comp

$1.84M

Previous: $2.21M-16.7%

Revenue & EPS history

First Busey · Revenue · Quarterly

$104M

Q3 2021+1.9%vs Q3 2020
Beat estimate in 6 of 16 quarters(38%)
ActualEstimate

Revenue by segment

First Busey · $4.72M total across 1 segment · Q3 2021

  • Wealth Mgmt Fees
    $4.72M-55.1%

Forward guidance

The Company remains steadfast in its commitment to the customers and communities it serves and feels confident that it is well positioned to continue to produce growth and profitability as we move into the final quarter of 2021 and into 2022.

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 Q3 2021

Historical avgQ3 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