NASDAQ$BUSE
First Busey Corporation · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
First Busey Corporation's financial performance remained strong in the third quarter of 2023, with increased deposits and a decrease in short-term borrowings.
First Busey Corporation reported a net income of $30.7 million and diluted EPS of $0.54 for the third quarter of 2023. Total deposits increased by $269.6 million, and short-term borrowings decreased significantly. Non-performing assets and classified assets also saw declines, indicating strong asset quality.
- Net income was $30.7 million, with diluted EPS at $0.54.
- Total deposits increased by $269.6 million, reaching $10.33 billion.
- Short-term borrowings decreased to $12.0 million.
- Non-performing assets declined by 23.6% to $12.1 million, representing 0.10% of total assets.
Headline financials
Revenue & EPS history
First Busey · Revenue · Quarterly
$109M
Revenue by segment
First Busey · $14.4M total across 1 segment · Q3 2023
- Wealth Mgmt Fees$14.4M+283.4%100.0%
Forward guidance
First Busey Corporation anticipates continued prudent expense management and quality growth into the final quarter of 2023 and into 2024, focusing on balance sheet strength, profitability, and growth.
Tailwinds
- Continued focus on balance sheet strength.
- Expectation of quality growth and profitability.
- Strong capital position.
- Attractive core funding base.
- Sound credit foundation.
Headwinds
- Evolving economic outlook.
- Rising deposit betas.
- Significant market competition for deposits.
- Potential impact on loan growth due to conservative underwriting.
- Impact of rising rates on the market value of securities portfolio.
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 2023
-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
| Quarter | Report date | Reaction (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% | — | — |
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