CHAMPAIGN, Ill. (AP) — CHAMPAIGN, Ill. (AP) — First Busey Corp. (BUSE) on Tuesday reported fourth-quarter earnings of $28.1 million.
The bank, based in Champaign, Illinois, said it had earnings of 49 cents per share. Earnings, adjusted for non-recurring costs, were 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The bank holding company posted revenue of $166.5 million in the period. Its revenue net of interest expense was $116.8 million, also exceeding Street forecasts.
For the year, the company reported profit of $113.7 million, or $1.98 per share. Revenue was reported as $462.3 million.
First Busey shares have fallen 0.5% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $23.45, a decrease of almost 6% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BUSE at https://www.zacks.com/ap/BUSE
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