earnings
confidence high
sentiment positive
materiality 0.85
First Busey Q3 net income $32M, EPS $0.55; CrossFirst merger on track for early 2025
FIRST BUSEY CORP /NV/
2024-Q3 EPS reported
$1.49
revenue$345,494,000
- Net income $32.0M, diluted EPS $0.55; adjusted net income $33.5M, adjusted EPS $0.58.
- Tangible book value per share rose to $18.19, up 20.7% YoY; TCE ratio 8.96%.
- Wealth Management segment achieved record quarterly revenue, contributing $15.4M in fees.
- Asset quality strong: NPAs 0.07% of assets; ACL 1.09% of loans; net charge-offs $0.2M.
- Pending CrossFirst merger: 0.6675x exchange ratio; combined ~$20B assets; close expected Q1/Q2 2025.