NASDAQ$BUSE

First Busey Corporation · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported a net income of $34.4 million and diluted EPS of $0.61.

First Busey Corporation reported a net income of $34.4 million, or $0.61 per diluted common share, for the fourth quarter of 2022. Adjusted net income was $36.3 million, or $0.65 per diluted common share. The net interest margin reflected a 24-basis point increase over the prior quarter, and core loan growth was $56.2 million.

  • Adjusted quarterly net income of $36.3 million and adjusted diluted EPS of $0.65.
  • Net interest margin of 3.24% reflects a 24-basis point increase over prior quarter.
  • Core loan growth of $56.2 million, representing a 2.90% annualized growth rate.
  • Non-performing assets of 0.13% of total assets and allowance for credit losses of 582.01% of nonperforming loans.

Headline financials

Total Revenue

$120M

Previous: $106M+13.9%
EPS (adj)

$0.65

Previous: $0.61+6.6%
Net Interest Margin

3.2%

No prior period
Capital Expenditures

$983K

Previous: $1M-1.8%
Free Cash Flow

$46.8M

Previous: $58.5M-20.0%
Net Income

$34.4M

Previous: $29.9M+14.9%
Operating Income

$45.7M

Previous: $39.2M+16.7%
Cash & Equivalents

$227M

Previous: $836M-72.8%
Total Assets

$12.3B

Previous: $12.9B-4.1%
Stock-Based Comp

$2.25M

Previous: $2.14M+4.9%

Revenue & EPS history

First Busey · Revenue · Quarterly

$120M

Q4 2022+13.9%vs Q4 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

First Busey · $14.4M total across 1 segment · Q3 2023

  • Wealth Mgmt Fees
    $14.4M+283.4%

Forward guidance

First Busey feels confident that they are well positioned to navigate these uncertain times while continuing to produce quality growth and profitability as they look ahead to 2023.

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 2022

Historical avgQ4 2022

-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%

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