First Busey Corporation

From outstanding product offerings to committed, service-driven associates—First Busey Corporation (NASDAQ: BUSE) is the premier provider of financial services. Busey is a $5.5 billion diversified financial holding company for Busey Bank, Pulaski Bank and Busey Wealth Management in Champaign, Illinois; FirsTech, Inc. in Decatur, Illinois; and Trevett Capital Partners in Fort Myers, Florida. With a dedicated team of more than 1,300 associates, Busey serves the personal, business and wealth management needs of communities in Central Illinois, Indianapolis, Indiana and Southwest Florida. With nearly 150 years of service, our strength is in our numbers. Ranked in the top 3 percent of banks nationally, Busey is consistently rated 5-star “Superior” – the highest rating awarded by BauerFinancial. In addition, Busey received the Illinois Bankers’ Association Community Service Award and Honorable Mentions in both the Illinois Governor’s Sustainability Award & Green Leaf Award from BankNews.

Busey Bank, Member FDIC. Investment products sold by Busey Wealth Management are not FDIC Insured, may lose value and have no bank guarantee.

Company Growth (employees)
Type
Public
HQ
Champaign, US
Founded
1868
Size (employees)
1,295 (est)
Website
busey.com
First Busey Corporation was founded in 1868 and is headquartered in Champaign, US

First Busey Corporation Office Locations

First Busey Corporation has an office in Champaign
Champaign, US (HQ)
100 W University Ave

First Busey Corporation Data and Metrics

First Busey Corporation Financial Metrics

First Busey Corporation's revenue was reported to be $64.9 m in Q1, 2017
USD

Revenue (Q1, 2017)

64.9 m

Gross profit (Q1, 2017)

62 m

Gross profit margin (Q1, 2017), %

96%

Net income (Q1, 2017)

15.2 m

EBIT (Q1, 2017)

41.5 m

Market capitalization (15-Aug-2017)

1.1 b

Cash (31-Mar-2017)

439.5 m
First Busey Corporation's current market capitalization is $1.1 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

108.7 m108.1 m118 m164.9 m

Revenue growth, %

(1%)9%40%

Cost of goods sold

6.2 m10.2 m

Gross profit

111.8 m154.7 m

Gross profit Margin, %

95%94%

R&D expense

20.6 m

Operating expense total

147.9 m

EBIT

110.2 m149.1 m

EBIT margin, %

93%90%

Pre tax profit

59.7 m76.4 m

Income tax expense

20.7 m26.7 m

Net Income

28.7 m32.8 m39 m49.7 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

45.5 m45.6 m46.4 m59.1 m67.9 m64.9 m

Cost of goods sold

1.6 m1.5 m1.6 m2.6 m3.1 m2.9 m

Gross profit

44 m44.1 m44.8 m56.5 m64.9 m62 m

Gross profit Margin, %

97%97%97%96%95%96%

R&D expense

3.2 m3.1 m3.2 m5 m4.4 m3.6 m

Operating expense total

3.2 m3.1 m3.2 m5 m4.4 m3.6 m

EBIT

27.4 m28.1 m26.9 m36.9 m42.2 m41.5 m

EBIT margin, %

60%62%58%62%62%64%

Pre tax profit

15.5 m16 m16.1 m19.1 m23.5 m23.9 m

Income tax expense

5.6 m5.4 m5.7 m6.7 m8.1 m8.7 m

Net Income

16.1 m25.2 m7.8 m9.9 m10.6 m10.4 m22.8 m38.2 m15.2 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

231.6 m339.4 m319.3 m166.7 m

PP&E

65.8 m64 m63.1 m77.9 m

Goodwill

20.7 m20.7 m25.5 m102.8 m

Total Assets

3.5 b3.7 b4 b5.4 b

Accounts Payable

4.4 b

Total Debt

155 m

Total Liabilities

4.8 b

Retained Earnings

(225.7 m)(210.4 m)(190.3 m)

Total Equity

415.4 m433.6 m373.2 m594.3 m

Debt to Equity Ratio

0.3 x

Debt to Assets Ratio

0 x

Financial Leverage

8.5 x8.5 x10.7 x9.1 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

182 m179.7 m428.9 m289.4 m175.1 m321 m267.1 m360.8 m439.5 m

Inventories

2.3 b2.3 b2.4 b2.4 b2.5 b2.5 b3.7 b

PP&E

64.6 m64.4 m65 m64.8 m63.9 m62.9 m81 m80.3 m78 m

Goodwill

20.7 m20.7 m25.5 m25.5 m25.5 m25.5 m102.2 m102.4 m102.8 m

Total Assets

3.5 b3.5 b3.9 b3.9 b3.9 b3.9 b5.5 b5.6 b5.4 b

Accounts Payable

2.9 b2.8 b3.2 b3.1 b3.1 b3.2 b4.4 b4.3 b4.5 b

Additional Paid-in Capital

593.3 m593.5 m593.6 m593.8 m590.6 m591.1 m785.8 m783.4 m780.4 m

Retained Earnings

(217.9 m)(213.4 m)(207.2 m)(201.9 m)(195.8 m)(184.8 m)(177.4 m)(168.6 m)(155.5 m)

Total Equity

426.8 m430 m439.8 m442.6 m444.2 m383.3 m588.1 m596.1 m602.3 m

Financial Leverage

8.2 x8.2 x9 x8.8 x8.7 x10.2 x9.4 x9.4 x9 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

28.7 m32.8 m39 m49.7 m

Depreciation and Amortization

8.6 m8.5 m3.2 m4.4 m

Cash From Operating Activities

98.2 m68.1 m61.5 m(20.9 m)

Cash From Investing Activities

(118.7 m)(51.3 m)(134.2 m)149.7 m

Long-term Borrowings

(7 m)(7 m)(7 m)

Dividends Paid

(14 m)(17.2 m)(18.6 m)(22.7 m)

Cash From Financing Activities

(99.1 m)91 m52.6 m(281.4 m)

Interest Paid

9.1 m6.7 m6.3 m9.7 m

Income Taxes Paid

4.7 m6.4 m17.2 m20.2 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

16.1 m25.2 m7.8 m9.9 m10.6 m10.4 m22.8 m38.2 m15.2 m

Depreciation and Amortization

4.3 m6.4 m2.2 m3.6 m5.1 m2.2 m5.1 m8.5 m3.2 m

Cash From Operating Activities

21.8 m46 m3.9 m16.3 m38.6 m7 m(57.9 m)(31.6 m)

Cash From Investing Activities

(23.8 m)(56.4 m)64.2 m(25.7 m)(128.6 m)113.8 m187.8 m190.6 m83.9 m

Dividends Paid

(8.2 m)(12.7 m)(4.5 m)(9.1 m)(13.6 m)(4.9 m)(9.8 m)(16.3 m)(6.9 m)

Cash From Financing Activities

(47.6 m)(41.5 m)21.4 m(40.6 m)(74.3 m)(119.1 m)(182.2 m)(117.5 m)2.3 m

Interest Paid

3.4 m5.1 m1.6 m3.2 m4.8 m1.6 m4.2 m6.7 m3 m

Income Taxes Paid

2.6 m2.7 m3.1 m5.8 m9.6 m5.2 m9.3 m13.9 m58 k
USDY, 2017

Revenue/Employee

50.1 k

Financial Leverage

9 x

First Busey Corporation Market Value History

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