U.S. markets closed

First Busey: 1Q Earnings Snapshot

CHAMPAIGN, Ill. (AP) _ First Busey Corp. (BUSE) on Tuesday reported first-quarter earnings of $15.4 million.

The Champaign, Illinois-based bank said it had earnings of 28 cents per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 36 cents per share.

The bank holding company posted revenue of $112 million in the period. Its revenue net of interest expense was $97 million, which also did not meet Street forecasts. Five analysts surveyed by Zacks expected $98.3 million.

First Busey shares have dropped 35% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $17.74, a fall of 30% 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