BUSE

First Busey Corporation

$22.96

0.6

(2.68%)

Exchange:	NASDAQ
Market Cap:	2.055B
Shares Outstanding:	6.928M

Overview

Earnings

Financials

Valuation

Chart

About The Company

First Busey Corporation operates as the bank holding company for Busey Bank that provides retail and commercial banking products and services to individual, corporate, institutional, and governmental customers in the United States. The company operates through three segments: Banking, FirsTech, and Wealth Management. It offers customary types of demand and savings deposits; and commercial, agricultural, real estate construction, commercial and residential real estate, and consumer loans, as well as home equity lines of credit. The company also provides money transfer, safe deposit, IRA, and other fiduciary services through banking center, ATM and technology-based networks. In addition, it offers investment management, trust, estate advisory, and financial planning services, as well as business succession and employee retirement planning services; investment strategy consulting and fiduciary services; and security brokerage services. Further, the company provides asset management, philanthropic advisory, tax preparation, and professional farm management services; and commercial depository services, such as cash management services. Additionally, it offers payment technology solutions through its payment platform, such as walk-in payment processing for customers at retail pay agents; online bill payment solutions; customer service payments accepted over the telephone; mobile bill pay; direct debit services; electronic concentration of payments delivered to automated clearing house network; money management and credit card networks; and lockbox remittance processing to make payments by mail, as well as provides tools related to billing, reconciliation, bill reminders, and treasury services. The company has 46 banking centers in Illinois; 8 in Missouri; 3 in southwest Florida; and 1 in Indianapolis, Indiana. First Busey Corporation was founded in 1868 and is headquartered in Champaign, Illinois.

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Revenue Segmentation

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EPS

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Earnings Call

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Income Statement

Balance Sheet

Cash Flow Statement

Analyst Estimates

Income Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Revenue	176,607	229,829	287,840	331,399	403,638	401,200	403,502	450,241	50,823	523,681
? Cost Of Revenue	0	0	0	0	0	0	0	0	0	0
? Gross Profit	176,607	229,829	287,840	331,399	403,638	401,200	403,502	450,241	50,823	523,681
? Research And Development Expenses	0	0	0	0	0	0	0	0	0	0
? General And Administrative Expenses	78,813	101,901	117,463	124,227	161,984	143,145	167,174	180,664	168,247	12,804
? Selling And Marketing Expenses	0	0	0	0	0	0	0	0	0	0
? Operating Expenses	-105,001	-135,888	-150,216	-152,845	-269,200	-272,994	-246,679	6,125	285,532	12,804
? Net Interest Income	0	0	0	0	0	0	0	0	0	0
? Interest Income	118,022	164,889	224,302	286,033	356,234	326,598	298,800	359,986	479,373	0
? Interest Expense	6,207	10,229	20,936	44,627	69,011	43,663	28,102	36,548	159,922	201,070
? Depreciation And Amortization	3,192	11,733	13,822	15,410	21,426	22,281	22,884	22,110	22,705	0
? EBITDA	68,591	88,150	-13,095	-11,854	-29,641	-20,719	-31,708	-20,223	0	0
? EBIT
? Operating Income	71,606	93,941	137,624	178,554	134,438	128,206	156,823	212,307	0	510,877
? Income Before Tax	59,702	76,417	108,111	133,927	134,438	128,206	156,823	161,737	153,904	153,304
? Income Tax Expense	20,696	26,723	45,385	34,999	31,485	27,862	33,374	33,426	31,339	39,613
? Net Income From Continuing Operations
? Net Income	39,006	49,694	62,726	98,928	102,953	100,344	123,449	128,311	122,565	113,691
? EPS (Earnings Per Share)	1.320	1.420	1.470	2.020	1.880	1.840	2.230	2.320	2.210	2.010
? EPS Diluted	1.320	1.400	1.450	2.010	1.870	1.830	2.200	2.290	2.180	1.980
? Weighted Average Shares Outstanding	29,019.697	34,995.775	42,670.748	48,854.330	54,852	54,567.429	55,369.476	55,387.073	55,432.322	56,610.032
? Weighted Average Shares Outstanding Diluted	29,103	35,413	43,126	49,215.455	55,132	54,826.939	56,008.805	56,137.164	56,256.148	57,543.001
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Balance Sheet

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Cash And Cash Equivalents	319,280	166,706	353,272	239,973	529,288	688,537	836,095	227,164	719,581	129,444
? Short Term Investments	834,838	759,811	878,060	697,685	1,648,257	2,261,187	3,981,251	2,461,393	2,087,571	1,810,221
? Cash And Short Term Investments	1,154,118	925,908	1,231,332	937,658	2,177,545	2,949,724	4,817,346	2,688,557	2,222,251	1,939,665
? Net Receivables	0	0	0	0	0	0	0	0	0	0
? Accounts Receivables										0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Total Current Assets	3,018,276	4,418,402	6,114,044	5,971,613	2,177,545	2,949,724	4,817,346	2,688,557	2,222,251	1,939,665
? Property Plant Equipment Net	63,088	77,861	116,913	117,672	160,757	142,905	146,680	139,353	133,621	129,428
? Goodwill	25,510	102,814	269,346	267,685	311,536	311,536	317,873	317,873	317,873	333,695
? Intangible Assets	7,432	18,462	38,727	32,873	61,593	51,985	58,051	46,423	35,991	32,280
? Long Term Investments	884,670	807,631	1,321,610	1,312,514	1,654,209	2,266,717	3,994,822	3,391,240	2,970,011	0
? Total Non Current Assets	980,700	1,006,768	1,746,596	1,730,744	2,188,095	2,773,143	4,517,426	3,894,889	13,739,384	495,403
? Total Assets	3,998,976	5,425,170	7,860,640	7,702,357	9,695,729	10,544,047	12,859,689	12,336,677	12,283,415	12,046,722
? Account Payables	0	0	0	0	0	0	0	0	0	0
? Short Term Debt	0	75,000	220,000	0	8,551	4,658	17,678	351,054	12,000	11,040
? Deferred Revenue	0	0	0	0	0	0	0	0	0	0
? Total Current Liabilities	0	75,000	220,000	1,657,064	8,551	4,658	17,678	351,054	4,770,338	11,040
? Long Term Debt	135,000	150,868	225,127	219,841	263,382	306,017	350,999	336,843	324,183	0
? Deferred Revenue Non Current	0	-58,426	-68,162	-69,653	224,393	266,091	0	0	0	0
? Deferred Tax Liabilities Non Current	0	16,893	18,183	17,218	38,989	39,926	0	0	0	0
? Total Non Current Liabilities	135,000	150,868	225,127	219,841	263,382	306,017	350,999	351,054	6,241,096	10,652,413
? Total Liabilities	3,625,790	4,830,856	6,925,637	6,707,393	8,475,295	9,273,978	11,540,577	11,190,700	11,011,434	10,663,453
? Treasury Stock										0
? Preferred Stock	0	0	0	0	0	0	0	0	0	0
? Common Stock	29	39	49	49	56	56	58	58	58	60
? Retained Earnings	-190,265	-163,689	-132,122	-72,167	-14,813	20,830	92,463	168,769	237,197	294,054
? Additional Paid In Capital										0
? Total Stockholders Equity	373,186	594,314	935,003	994,964	1,220,434	1,270,069	1,319,112	1,145,977	1,271,981	1,383,269
? Total Equity	373,186	594,314	935,003	994,964	1,220,434	1,270,069	1,319,112	1,145,977	1,271,981	1,383,269
? Minority Interest	0	0	0	0	0	0	0	0	0	0
? Total Liabilities And Total Equity	3,998,976	5,425,170	7,860,640	7,702,357	9,695,729	10,544,047	12,859,689	12,336,677	12,283,415	12,046,722
? Total Investments	1,719,508	1,567,442	2,199,670	2,010,199	3,302,466	4,527,904	7,976,073	5,852,633	5,057,582	1,810,221
? Total Debt	135,000	225,868	445,127	219,841	271,933	310,675	368,677	687,897	336,183	11,040
? Net Debt	-184,280	59,162	91,855	-20,132	-257,355	-377,862	-467,418	460,733	-383,398	-118,404
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Cash Flow Statement

(* All numbers are in thousands)

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
? Net Income	39,006	49,694	62,726	98,928	102,953	100,344	123,449	128,311	122,565	113,691
? Depreciation And Amortization	8,889	11,733	13,822	15,410	24,136	27,948	28,176	25,650	24,838	20,557
? Deferred Income Tax	2,985	2,953	13,907	7,219	96	-5,309	10,228	5,061	-2,920	1,384
? Stock Based Compensation	1,418	1,803	2,752	3,721	3,997	7,135	7,864	8,968	6,595	7,726
? Change In Working Capital	-2,920	-8,217	2,233	4,538	-6,174	-16,560	-24,802	-57,314	-5,062	5,905
? Accounts Receivables	0	0	0	0	0	0	0	0	0	0
? Inventory	0	0	0	0	0	0	0	0	0	0
? Accounts Payables	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Operating Activities	61,505	-20,894	253,358	202,547	80,800	169,299	162,012	165,787	173,390	178,267
? Investments In Property Plant And Equipment	-4,114	-8,991	-14,980	-11,618	-13,240	-4,198	-5,042	-4,989	-9,533	0
? Acquisitions Net	12,114	25,575	26,979	-49,540	-61,481	-119,055	228,279	4,528	0	18,377
? Purchases Of Investments	-251,578	-182,550	-494,364	-342,000	-409,491	-1,295,322	-2,309,072	-294,903	-17,053	-30,422
? Sales Maturities Of Investments	226,328	298,101	344,327	337,646	785,020	678,896	1,166,292	555,668	491,867	497,438
? Net Cash Provided By Investing Activities	0	0	0	0	0	0	0	0	0	657,903
? Net Debt Issuance	0	0	0	0	0	0	0	0	0	-67,450
? Long Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-31,450
? Short Term Net Debt Issuance	0	0	0	0	0	0	0	0	0	-36,000
? Net Stock Issuance	0	0	0	0	0	0	0	0	0	0
? Net Dividends Paid	-18,619	-22,748	-30,707	-39,010	-45,171	-48,012	-50,764	-50,863	-53,076	-54,169
? Common Dividends Paid										-54,169
? Preferred Dividends Paid	0	0	0	0	0	0	0	0	0	0
? Net Cash Provided By Financing Activities	52,583	-281,423	227,058	-260,496	143,557	725,614	814,736	-483,862	-231,960	-858,092
? Effect Of Forex Changes On Cash	0	0	0	0	0	0	0	0	0	0
? Net Change In Cash	-20,158	-152,574	186,566	-113,299	289,315	159,249	147,558	-608,931	492,417	-21,922
? Cash At End Of Period	319,280	166,706	353,272	239,973	529,288	688,537	836,095	227,164	719,581	697,659
? Cash At Beginning Of Period	339,438	319,280	166,706	353,272	239,973	529,288	688,537	836,095	227,164	719,581
? Operating Cash Flow	61,505	-20,894	253,358	202,547	80,800	169,299	162,012	165,787	173,390	178,267
? Capital Expenditure	-4,114	-8,991	-14,980	-11,618	-13,240	-4,198	-5,042	-4,989	-9,533	0
? Free Cash Flow	57,391	-29,885	238,378	190,929	67,560	165,101	156,970	160,798	163,857	178,267
	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD

Analyst Estimates

(* All numbers are in thousands)

Fiscal Year	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Estimated Revenue (Low)	283,321.772	331,245.388	402,489.571	396,586.192	400,769.459	449,879.140	442,612.856	456,289.315	727,257.749	824,086.947
Estimated Revenue (High)	286,534.840	335,001.943	407,054.086	401,083.758	405,314.466	458,625.934	442,702.755	466,707.804	738,963.856	825,530.252
Estimated Revenue (Avg)	284,983.333	333,188	404,850	398,912	403,119.800	454,861.500	442,662.800	461,498.560	733,277.600	824,808.600
Estimated Ebitda (Low)	120,721.093	162,765.038	198,714.792	136,702.995	151,297.273	164,143.435	180,557.776	-23,202.391	-36,737.609	-41,041.260
Estimated Ebitda (High)	181,081.638	244,147.558	298,072.188	205,054.493	226,945.911	246,215.153	270,836.668	-22,684.436	-36,155.639	-40,969.506
Estimated Ebitda (Avg)	150,901.366	203,456.298	248,393.490	170,878.744	189,121.592	205,179.294	225,697.222	-22,943.414	-36,454.916	-41,005.383
Estimated Net Income (Low)	52,575.021	82,979.330	89,688.416	66,809.856	87,356.394	96,689.249	98,051.998	114,791.959	121,802.998	158,712.230
Estimated Net Income (High)	78,862.530	124,468.997	134,532.624	100,214.786	131,034.592	145,033.876	147,078.001	116,471.639	141,291.087	167,369.575
Estimated Net Income (Avg)	65,718.776	103,724.164	112,110.520	83,512.321	109,195.494	120,861.563	122,565	115,631.799	131,547.043	163,040.903
Estimated SGA Expense (Low)	99,340.850	105,603.844	141,663.553	101,820.698	121,605.662	152,292.311	167,521.541	445,714.408	710,402.910	804,988.006
Estimated SGA Expense (High)	149,011.276	158,405.767	212,495.331	152,731.050	182,408.496	228,438.469	251,282.314	455,891.439	721,837.717	806,397.861
Estimated SGA Expense (Avg)	124,176.063	132,004.806	177,079.442	127,275.875	152,007.079	190,365.390	209,401.928	450,802.924	716,283.245	805,692.934
Estimated EPS (Avg)	1.690	2.020	1.880	1.850	2.210	2.400	2.210	2.010	2.220	2.820
Estimated EPS (High)	1.700	2.030	1.890	1.860	2.230	2.430	2.260	2.020	2.460	2.910
Estimated EPS (Low)	1.670	2	1.870	1.840	2.200	2.370	2.160	1.990	2.120	2.760
Number of Analysts (Estimated Revenue)	5	5	1	1	2	1	3	4	3	4
Number of Analysts (Estimated EPS)	4	4	2	1	1	2	5	5	5	5

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Current Key Metrics

?	Revenue (TTM) :	661.994M	?	P/S (TTM) :	2.9
?	Net Income (TTM) :	113.691M	?	P/E (TTM) :	26.66
?	Enterprise Value (TTM) :	1.374B	?	EV/FCF (TTM) :	9.62
?	Dividend Yield (TTM) :	0.04	?	Payout Ratio (TTM) :	0.96
?	ROE (TTM) :	0.04	?	ROIC (TTM) :	0.02
?	Net Debt (TTM) :	339.744M	?	Debt/Equity (TTM) :	0.26
?	P/B (TTM) :	0.7	?	Current Ratio (TTM) :	0.08

Forward P/E Ratios

?

Forward P/E calculated based on:

Forward P/E 1Y	Forward P/E 2Y	Forward P/E 3Y	Forward P/E 4Y	Forward P/E 5Y
13.59	11.37	12.21	12.41	10.39

SWOT Analysis

No SWOT analysis available for this stock.

BUSE

2.68

3.19

6.25

4.13

-5.51

1.64

26.99

Trading Metrics:

Open:	22.3	Previous Close:	22.36
Day Low:	22.3	Day High:	22.98
Year Low:	18.4	Year High:	28.97
Price Avg 50:	21.71	Price Avg 200:	23.79
Volume:	447924	Average Volume:	582635