For the quarter ended December 2023, First Busey (BUSE) reported revenue of $108.65 million, down 9.6% over the same period last year. EPS came in at $0.52, compared to $0.65 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $107.74 million, representing a surprise of +0.85%. The company delivered an EPS surprise of +6.12%, with the consensus EPS estimate being $0.49.
While investors closely watch year-over-year changes in headline numbers — revenue and earnings — and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company’s underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.
Here is how First Busey performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.7% compared to the 2.8% average estimate based on three analysts.
- Efficiency Ratio: 66.9% versus the three-analyst average estimate of 65.1%.
- Non-performing loans: $7.82 million versus the two-analyst average estimate of $13.69 million.
- Average Balances – Interest-earning assets: $11.23 billion compared to the $11.11 billion average estimate based on two analysts.
- Net charge-off ratio: 0% versus the two-analyst average estimate of 0.1%.
- Total noninterest income: $31.52 million versus the three-analyst average estimate of $31.81 million.
- Mortgage revenue: $0.22 million versus the three-analyst average estimate of $0.28 million.
- Fees for customer services: $7.48 million versus the two-analyst average estimate of $7.57 million.
- Net Interest Income: $77.13 million compared to the $76.48 million average estimate based on two analysts.
- Payment technology solutions: $5.42 million compared to the $5.40 million average estimate based on two analysts.
- Tax-equivalent net interest income: $77.63 million versus $76.73 million estimated by two analysts on average.
- Wealth management fees: $13.72 million compared to the $14.61 million average estimate based on two analysts.
View all Key Company Metrics for First Busey here>>>
Shares of First Busey have returned -4.1% over the past month versus the Zacks S&P 500 composite’s +2.1% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
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