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First Busey: 1Q Earnings Snapshot

CHAMPAIGN, Ill. (AP) _ First Busey Corp. (BUSE) on Tuesday reported first-quarter profit of $25.5 million.

The bank, based in Champaign, Illinois, said it had earnings of 48 cents per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.

The results did not meet Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share.

The bank holding company posted revenue of $110.2 million in the period. Its revenue net of interest expense was $94.3 million, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $96.2 million.

First Busey shares have climbed 4 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.51, a fall of 17 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BUSE at https://www.zacks.com/ap/BUSE