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First Busey: 3Q Earnings Snapshot

CHAMPAIGN, Ill. (AP) _ First Busey Corp. (BUSE) on Tuesday reported third-quarter net income of $24.8 million.

The bank, based in Champaign, Illinois, said it had earnings of 45 cents per share. Earnings, adjusted for one-time gains and costs, were 55 cents per share.

The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.

The bank holding company posted revenue of $122.6 million in the period. Its revenue net of interest expense was $104.4 million, also topping Street forecasts. Four analysts surveyed by Zacks expected $103.2 million.

First Busey shares have climbed roughly 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $25.42, a decline of roughly 9% 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