First Busey: Q1 Earnings Snapshot

CHAMPAIGN, Ill. (AP) — CHAMPAIGN, Ill. (AP) — First Busey Corp. (BUSE) on Tuesday reported first-quarter earnings of $36.8 million.

The Champaign, Illinois-based bank said it had earnings of 65 cents per share.

The results met Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 65 cents per share.

The bank holding company posted revenue of $143 million in the period. Its revenue net of interest expense was $117.7 million, which fell short of Street forecasts. Three analysts surveyed by Zacks expected $120.4 million.

First Busey shares have declined 26% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $18.18, a decrease of 23% in the last 12 months.

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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