NASDAQ$BUSE

First Busey Corporation · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Net income and adjusted net income increased, diluted earnings per share increased, and wealth management segment revenue increased.

First Busey Corporation reported a positive fourth quarter in 2019, with net income increasing to $28.6 million and diluted earnings per share rising to $0.52. The wealth management segment also saw significant growth, with revenue increasing by 26.2% to $11.4 million.

  • Net income for Q4 2019 increased to $28.6 million.
  • Adjusted net income for Q4 2019 increased to $31.8 million.
  • Q4 2019 diluted earnings per share reached $0.52, while adjusted earnings per share was $0.57.
  • Wealth management segment revenue for Q4 2019 increased by 26.2% to $11.4 million.

Headline financials

Total Revenue

$104M

Previous: $83.2M+24.5%
EPS (adj)

$0.57

Previous: $0.53+7.5%
Net Interest Margin

3.3%

No prior period
ROAA

1.2%

No prior period
ROATCE

13.4%

No prior period
Efficiency Ratio

60.5%

No prior period
Adjusted Efficiency Ratio

57.0%

No prior period
Non-performing Loans %

0.4%

No prior period
Allowance for Loan Loss %

0.8%

No prior period
Capital Expenditures

$2.49M

Previous: $1.18M+110.8%
Free Cash Flow

$26M

Previous: $54.2M-52.1%
Net Income

$28.6M

Previous: $25.3M+13.0%
Operating Income

$35.7M

No prior period
Cash & Equivalents

$529M

Previous: $240M+120.6%
Total Assets

$9.7B

Previous: $7.7B+25.9%
Stock-Based Comp

$761K

Previous: $1.06M-27.9%

Revenue & EPS history

First Busey · Revenue · Quarterly

$104M

Q4 2019+24.5%vs Q4 2018
Beat estimate in 4 of 16 quarters(25%)
ActualEstimate

Revenue by segment

First Busey · $11.4M total across 1 segment · Q4 2019

  • Wealth Mgmt Fees
    $11.4M+50.0%

Forward guidance

Management is finalizing macroeconomic conditions and forecast assumptions to be used in our CECL model; however, we expect an initial increase to the allowance for credit losses, including the increase in reserve for unfunded commitments, of approximately 25% to 45% above the existing allowance for loan loss levels.

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 Q4 2019

Historical avgQ4 2019

-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