First Busey: Q2 Earnings Snapshot
By AP News
Published - Jul 23, 2024, 05:43 PM ET
Last Updated - Jul 23, 2024, 05:43 PM EDT
CHAMPAIGN, Ill. (AP) — CHAMPAIGN, Ill. (AP) — First Busey Corp. (BUSE) on Tuesday reported second-quarter net income of $27.4 million.
The Champaign, Illinois-based bank said it had earnings of 47 cents per share. Earnings, adjusted for non-recurring costs, came to 50 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The bank holding company posted revenue of $165.6 million in the period. Its revenue net of interest expense was $116.2 million, which did not meet Street forecasts.
