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First Busey Corp (BUSE) Files 10-K for the Fiscal Year Ended on December 31, 2017

GuruFocus.com

- By insider

First Busey Corp (BUSE) files its latest 10-K with SEC for the fiscal year ended on December 31, 2017. First Busey Corporation is a financial holding company, whose subsidiaries provides retail and commercial banking services, remittance processing, and offers financial products and services. First Busey Corp has a market cap of $1.44 billion; its shares were traded at around $29.65 with a P/E ratio of 20.06 and P/S ratio of 4.53. The dividend yield of First Busey Corp stocks is 2.51%. First Busey Corp had annual average EBITDA growth of 8.90% over the past five years.


For the last quarter First Busey Corp reported a revenue of $86.6 million, compared with the revenue of $63.64 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $287.8 million, an increase of 25.2% from last year. For the last five years First Busey Corp had an average revenue growth rate of 11.5% a year.

The reported diluted earnings per share was $1.45 for the year, an increase of 3.6% from previous year. Over the last five years First Busey Corp had an EPS growth rate of 17.3% a year. The First Busey Corp enjoyed an operating margin of 37.56%, compared with the operating margin of 33.25% a year before. The 10-year historical median operating margin of First Busey Corp is 26.41%. The profitability rank of the company is 5 (out of 10).

At the end of the fiscal year, First Busey Corp has the cash and cash equivalents of $353.3 million, compared with $166.1 million in the previous year. The long term debt was $225.1 million, compared with $150.9 million in the previous year. The interest coverage to the debt is 5.2. First Busey Corp has a financial strength rank of 4 (out of 10).

At the current stock price of $29.65, First Busey Corp is traded at 48.8% premium to its historical median P/S valuation band of $19.93. The P/S ratio of the stock is 4.53, while the historical median P/S ratio is 3.05. The stock lost 0.83% during the past 12 months.

For the complete 20-year historical financial data of BUSE, click here.

This article first appeared on GuruFocus.