First Busey Corp /nv/

First Busey Corporation maintains a capital structure characterized by low leverage, with a debt-to-equity ratio of 0.12 and total equity of $2.41 billion against total assets of $18.04 billion. The balance sheet includes $123.5 million in long-term debt and $170 million in short-term debt, offset by $288.5 million in cash and equivalents. Despite holding significant cash, the risk assessment flags net cash as negative after subtracting total debt, resulting in a medium liquidity risk rating. The company trades at a price-to-book ratio of 1.4 and a price-to-earnings ratio of 20.04, reflecting a moderate valuation multiple relative to its book value.

Profitability metrics indicate a return on equity of 5.61% and a return on assets of 0.75% for the latest period. The company reported net income of $50.0 million on revenue of $196.2 million, demonstrating a net margin of approximately 25.5%. Operating cash flow stood at $51.5 million, while free cash flow was $49.1 million, supported by minimal capital expenditures of $2.5 million. These returns are derived from a traditional banking model, with cash flows heavily influenced by interest payments and loan portfolio adjustments.

Revenue concentration and geographic exposure details are not explicitly provided in the available segment data, limiting specific analysis of regional or product-line dependencies. The company’s activity is broadly classified as Commercial Banks, suggesting a diversified loan book typical of regional banking institutions. Without specific segment breakdowns, the revenue mix is assumed to be driven by core banking operations including lending and deposit services.

Growth trajectory analysis is constrained by the absence of historical period data in the input, preventing a direct comparison of year-over-year revenue or earnings trends. However, the current quarter’s net income of $50.0 million represents a significant improvement from the prior year’s net loss of $30.0 million, as indicated in the filing observations. This turnaround suggests a stabilization in earnings power, potentially driven by reduced credit loss provisions or improved net interest margins.

Risk factors include medium liquidity risk and low dilution risk, with key flags noting negative net cash after debt subtraction. The company faces standard regulatory and credit risks inherent to the banking sector, including compliance with Basel III capital reforms and Dodd-Frank requirements. Operational risks are also present, as outlined in the risk factors section, which covers economic, market, and legal exposures.

Recent events include the filing of an 8-K with Item 5.02, indicating a material event or corporate change, though specific details are not elaborated in the summary. Analyst sentiment is moderately positive, with a mean price target of $31.86 and a mean recommendation of 2.25, suggesting a slight upside from the current market price of $30.86. The company also engaged in share repurchases, spending $66.1 million on treasury stock in the latest quarter.

Revenue $196.2M; Net margin 25.5%.

• ▍Revenue $196.2M
• ▍Net margin 25.5%

Revenue $519.3M; Net margin 14.3%.

• ▍Revenue $519.3M
• ▍Net margin 14.3%

Revenue $323.0M; Net margin 5.4%.

• ▍Revenue $323.0M
• ▍Net margin 5.4%

Revenue $719.6M; Net margin 18.8%.

• ▍Revenue $719.6M
• ▍Net margin 18.8%

Revenue $462.3M; Net margin 24.6%.

• ▍Revenue $462.3M
• ▍Net margin 24.6%

Revenue $462.3M; Net margin 24.6%.

• ▍Revenue $462.3M
• ▍Net margin 24.6%

Revenue $441.8M; Net margin 27.7%.

• ▍Revenue $441.8M
• ▍Net margin 27.7%

Revenue $441.8M; Net margin 27.7%.

• ▍Revenue $441.8M
• ▍Net margin 27.7%