NASDAQ$BUSE

First Busey Corporation · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

First Busey Corporation's Q4 2024 earnings were announced, revealing a net income of $28.1 million and diluted EPS of $0.49.

First Busey Corporation reported a net income of $28.1 million for Q4 2024, with diluted earnings per share of $0.49. Adjusted net income was $30.7 million, or $0.53 per diluted common share. The Wealth Management segment achieved record high quarterly revenue of $17.0 million.

  • Net income for the fourth quarter of 2024 was $28.1 million, or $0.49 per diluted common share.
  • Adjusted net income was $30.7 million, or $0.53 per diluted common share.
  • Wealth Management segment achieved record high quarterly revenue of $17.0 million.
  • Tangible book value per common share increased to $17.88 at December 31, 2024, a year-over-year increase of 7.6%.

Headline financials

Total Revenue

$117M

Previous: $108M+8.4%
EPS (adj)

$0.53

Previous: $0.52+1.9%
Net Interest Margin

3.0%

Previous: 2.7%+7.7%
ROAA

0.9%

Previous: 0.8%+12.0%
Adjusted ROAA

1.0%

No prior period
ROATCE

10.9%

Previous: 12.1%-10.0%
Adjusted ROATCE

11.9%

No prior period
Efficiency Ratio

64.8%

Previous: 66.9%-3.1%
Adjusted Efficiency Ratio

61.8%

No prior period
TCE to Tangible Assets

8.7%

No prior period
Non-performing Loans %

0.3%

No prior period
NPA to Total Assets

0.2%

No prior period
NPA to Loans + Other NPA

0.3%

No prior period
Allowance for Loan Loss %

1.1%

No prior period
Coverage Ratio ACL/NPL

3.59

No prior period
Classified Assets/T1 Cap+Res

5.6%

No prior period
Core to Total Deposits

96.5%

No prior period
Capital Expenditures

-$1.93M

Previous: $2.78M-169.2%
Net Income

$28.1M

Previous: $25.7M+9.1%
Operating Income

$37.4M

Previous: $33.2M+12.5%

Revenue & EPS history

First Busey · Revenue · Quarterly

$117M

Q4 2024+8.4%vs Q4 2023
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 Corporation is focused on producing quality growth and profitability, and the pending CrossFirst transaction aligns with their acquisition strategy. The company consistently aims to earn customer business through talented associates and loyal stockholder support.

Tailwinds

  • Well positioned to produce quality growth and profitability.
  • Pending CrossFirst transaction fits with acquisition strategy.
  • Excited to welcome CrossFirst colleagues into the Busey family.
  • Grateful for the opportunities to consistently earn the business of customers.
  • Talented associates and the continued support of our loyal stockholders.

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 2024

Historical avgQ4 2024

-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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