BUSE earnings analysis
What we found in BUSE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
First Busey Corporation's Q1 2026 results showed a strong earnings performance with EPS of $0.67, exceeding expectations of $0.58. However, revenue of $196.2 million slightly missed estimates by 0.5%. Despite the revenue shortfall, sequential revenue growth from the previous quarter reflects operational momentum.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- EPS Beats Expectations
- EPS reported at $0.67, exceeding the estimate of $0.58 by 15.5%.
- Sequential Revenue Growth
- Q1 2026 revenue of $196.2 million represents a sequential increase from $188 million in Q4 2025.
- Improved Operating Margin
- Operating margin improved to 27.1% in Q1 2026, up from 22.4% in Q4 2025.
- Increased Cash Reserves
- Unencumbered cash and securities increased to $1.87 billion, up from $1.80 billion at year-end 2025.
- Significant Adjusted EPS Growth
- Adjusted diluted EPS increased to $0.67 from $0.57 year-over-year.
- Strengthened Capital Ratios
- Common equity Tier 1 capital ratio remains strong at 12.31%, well above the regulatory minimum.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Revenue Misses Expectations
- Revenue of $196.2 million fell short of the expected $197.1 million, signaling potential growth concerns.
- Inconsistent Operating Margins
- Operating margin decreased to 27.1% from 27.9% in Q4 2025, raising concerns over sustainability.
- Personnel Cost Increases
- Management highlighted concerns about rising personnel costs, impacting profitability.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.67
- Operating margin
- 27.1%
What they said about what is next.
Management anticipates continued operational momentum, but no specific numeric guidance provided.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- First Busey reported a material scale-up in 2025 driven by acquisitions and core banking growth: total revenue for 2025 was $1,044,000,000 (sum of quarters: $188M, $292M, $286M, $278M) versus $664,000,000 in 2024 (sum…
- 10-Q · November 6, 2025
- Busey reported a strong year-over-year quarterly performance: net income for the three months ended September 30, 2025 was $57.098 million versus $32.004 million a year ago, and diluted EPS was $0.58 (Q3 2024: $0.55).…
- 10-Q · August 5, 2025
- Busey reported quarterly revenue of $198,046,000 and diluted EPS of $0.52 for the three months ended June 30, 2025, driven by higher net interest income and acquisition-related balance sheet growth. Revenue rose sharply…
- 10-Q · November 2, 2023
- First Busey reported Q3 2023 diluted EPS of $0.54 (down from $0.64 a year ago) and total quarter revenue of $108,799 thousand (net interest income $77,791k + noninterest income $31,008k), a decline versus Q3 2022.…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing BUSE makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever