Tearsheet

First Busey (BUSE)


Market Price (12/23/2025): $24.67 | Market Cap: $2.2 Bil
Sector: Financials | Industry: Regional Banks

First Busey (BUSE)


Market Price (12/23/2025): $24.67
Market Cap: $2.2 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40%
Trading close to highs
Dist 52W High is -2.5%
Key risks
BUSE key risks include [1] heightened credit risk and potential losses stemming from its commercial loan portfolio's sensitivity to adverse economic factors.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%
Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -62%
 
2 Attractive yield
FCF Yield is 7.2%
  
3 Low stock price volatility
Vol 12M is 28%
  
4 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
  
5 Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 17%
  
6 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
  
0 Strong revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is 40%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 27%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 25%
2 Attractive yield
FCF Yield is 7.2%
3 Low stock price volatility
Vol 12M is 28%
4 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
5 Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 17%
6 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
7 Trading close to highs
Dist 52W High is -2.5%
8 Weak multi-year price returns
2Y Excs Rtn is -36%, 3Y Excs Rtn is -62%
9 Key risks
BUSE key risks include [1] heightened credit risk and potential losses stemming from its commercial loan portfolio's sensitivity to adverse economic factors.

Valuation, Metrics & Events

BUSE Stock


Why The Stock Moved


Qualitative Assessment

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1. Strong Third Quarter 2025 Earnings Performance

First Busey reported diluted earnings per share (EPS) of $0.64 for Q3 2025, exceeding the Zacks Consensus Estimate of $0.62 per share. The company's revenue for the quarter also surpassed analyst expectations, coming in at $197.46 million against an estimate of $196.07 million. Consistent outperformance in earnings can positively influence investor sentiment, potentially contributing to a slight upward movement in the stock.



2. Favorable Net Interest Margin (NIM)

First Busey's Net Interest Margin (NIM) for the third quarter of 2025 was reported at 3.6%, which was above the three-analyst average estimate of 3.5%. A stronger-than-expected NIM indicates effective management of the bank's interest-earning assets and liabilities, which is a positive indicator for profitability and can support stock price stability or a minor increase.



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1. Strong Third Quarter 2025 Earnings Performance

First Busey reported diluted earnings per share (EPS) of $0.64 for Q3 2025, exceeding the Zacks Consensus Estimate of $0.62 per share. The company's revenue for the quarter also surpassed analyst expectations, coming in at $197.46 million against an estimate of $196.07 million. Consistent outperformance in earnings can positively influence investor sentiment, potentially contributing to a slight upward movement in the stock.



2. Favorable Net Interest Margin (NIM)

First Busey's Net Interest Margin (NIM) for the third quarter of 2025 was reported at 3.6%, which was above the three-analyst average estimate of 3.5%. A stronger-than-expected NIM indicates effective management of the bank's interest-earning assets and liabilities, which is a positive indicator for profitability and can support stock price stability or a minor increase.



3. Mixed Analyst Ratings and Price Targets

During the period, analysts provided a range of ratings for BUSE, with a consensus often categorized as "Hold" or "Moderate Buy." While some analysts maintained "Buy" ratings and price targets suggesting upside, others had "Hold" ratings, and there was also a reported slight negative shift in the average price target by 3.31% from one group of analysts. Such varied expert opinions can lead to minor fluctuations in the stock price as the market processes these diverse perspectives.



4. Broader Regional Banking Sector Concerns

Despite First Busey's individual financial performance, the broader regional banking sector has faced ongoing concerns related to potential credit losses, rising bad loans, and general economic uncertainty. These systemic issues can temper investor enthusiasm for individual bank stocks, even those performing well, potentially moderating gains or contributing to minor downward pressures on the stock price.



5. Revenue Growth Dynamics

First Busey's revenue for Q3 2025 showed a significant year-over-year increase of 65.7%. However, earlier financial insights mentioned a decline of approximately -1.43% in revenue growth over a three-month period ending December 31, 2024. This mixed or evolving picture regarding revenue trends could create some investor uncertainty or lead to small adjustments in stock valuation as different growth indicators are weighed.

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Stock Movement Drivers

Fundamental Drivers

The 1.5% change in BUSE stock from 9/22/2025 to 12/22/2025 was primarily driven by a 16.2% change in the company's Net Income Margin (%).
922202512222025Change
Stock Price ($)24.2924.661.54%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)558.29636.1313.94%
Net Income Margin (%)13.89%16.13%16.17%
P/E Multiple28.0821.42-23.72%
Shares Outstanding (Mil)89.6589.140.57%
Cumulative Contribution1.54%

LTM = Last Twelve Months as of date shown

Market Drivers

9/22/2025 to 12/22/2025
ReturnCorrelation
BUSE1.5% 
Market (SPY)2.7%39.1%
Sector (XLF)2.4%67.7%

Fundamental Drivers

The 9.7% change in BUSE stock from 6/23/2025 to 12/22/2025 was primarily driven by a 33.7% change in the company's Net Income Margin (%).
623202512222025Change
Stock Price ($)22.4824.669.70%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)476.48636.1333.51%
Net Income Margin (%)12.06%16.13%33.73%
P/E Multiple26.8021.42-20.07%
Shares Outstanding (Mil)68.5289.14-30.09%
Cumulative Contribution-0.24%

LTM = Last Twelve Months as of date shown

Market Drivers

6/23/2025 to 12/22/2025
ReturnCorrelation
BUSE9.7% 
Market (SPY)14.4%40.3%
Sector (XLF)9.2%62.3%

Fundamental Drivers

The 6.8% change in BUSE stock from 12/22/2024 to 12/22/2025 was primarily driven by a 81.1% change in the company's P/E Multiple.
1222202412222025Change
Stock Price ($)23.0924.666.81%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)454.14636.1340.07%
Net Income Margin (%)24.52%16.13%-34.20%
P/E Multiple11.8321.4281.12%
Shares Outstanding (Mil)57.0389.14-56.29%
Cumulative Contribution-27.03%

LTM = Last Twelve Months as of date shown

Market Drivers

12/22/2024 to 12/22/2025
ReturnCorrelation
BUSE6.8% 
Market (SPY)16.9%56.1%
Sector (XLF)15.7%68.1%

Fundamental Drivers

The 12.3% change in BUSE stock from 12/23/2022 to 12/22/2025 was primarily driven by a 118.3% change in the company's P/E Multiple.
1223202212222025Change
Stock Price ($)21.9624.6612.31%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)435.61636.1346.03%
Net Income Margin (%)28.43%16.13%-43.26%
P/E Multiple9.8121.42118.30%
Shares Outstanding (Mil)55.3589.14-61.04%
Cumulative Contribution-29.54%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2023 to 12/22/2025
ReturnCorrelation
BUSE6.2% 
Market (SPY)47.7%48.6%
Sector (XLF)52.0%67.6%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
BUSE Return-18%31%-5%5%-1%11%17%
Peers Return-10%31%0%-5%27%5%49%
S&P 500 Return16%27%-19%24%23%17%113%

Monthly Win Rates [3]
BUSE Win Rate50%67%33%58%42%50% 
Peers Win Rate53%70%45%45%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
BUSE Max Drawdown-48%-3%-18%-30%-11%-18% 
Peers Max Drawdown-41%-1%-17%-34%-9%-19% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: EFSC, CBSH, UMBF, ASB, ONB.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/22/2025 (YTD)

How Low Can It Go

Unique KeyEventBUSES&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-42.7%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven74.5%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-48.5%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven94.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven601 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-29.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven41.8%24.7%
2018 CorrectionTime to BreakevenTime to BreakevenNot Fully Recovered days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-87.1%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven673.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to BreakevenNot Fully Recovered days1,480 days

Compare to NEWT, ATLO, CBC, CBK, HYNE

In The Past

First Busey's stock fell -42.7% during the 2022 Inflation Shock from a high on 1/18/2022. A -42.7% loss requires a 74.5% gain to breakeven.

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About First Busey (BUSE)

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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  • PNC Financial Services, but focused regionally in the Midwest and Florida.
  • A regional Bank of America.

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  • Deposit Accounts: Offers various checking, savings, money market, and certificate of deposit accounts for individuals and businesses.
  • Lending Services: Provides a range of loans including commercial, real estate, mortgage, and consumer loans to individuals and businesses.
  • Wealth Management & Trust: Delivers comprehensive financial planning, investment management, and fiduciary trust services for individuals and institutions.
  • Treasury Management: Offers advanced cash management, payment processing, and fraud prevention solutions for business clients.

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First Busey (BUSE) - Major Customers

First Busey, through its primary subsidiary Busey Bank, operates as a financial services company. It primarily sells its banking, wealth management, and trust services directly to a broad base of individual consumers, businesses, and institutions, rather than selling to a few major customer companies that would then resell or integrate its services.

Categories of Customers Served:

  • Individual Consumers

    This category includes a wide range of everyday individuals who utilize Busey Bank for their personal banking needs. Services provided to individual consumers include checking and savings accounts, personal loans, mortgages, home equity lines of credit, and credit cards.

  • Businesses (Small to Medium-sized Enterprises and Commercial Clients)

    Busey Bank offers a comprehensive suite of financial products and services to businesses of varying sizes, from small enterprises to larger commercial clients. These services encompass business checking and savings accounts, commercial loans, lines of credit, treasury management solutions, and merchant services to support their operational and growth needs.

  • Wealth Management and Trust Clients

    This segment serves individuals, families, and institutions seeking more specialized financial services. Through Busey Wealth Management, clients receive financial planning, investment management, private banking, and trust services tailored to their complex financial goals, estate planning, and asset management needs.

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nCino (NCNO)

ACI Worldwide (ACIW)

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Van A. Dukeman Chairman, President & Chief Executive Officer

Mr. Dukeman was appointed CEO in August 2007 and has a tenure of over 18 years with First Busey. He also serves as the Chairman of Busey Bank and a director of FirsTech, Inc. Prior to the merger with First Busey in 2007, he served as President & Chief Executive Officer of Main Street Trust, Inc. Mr. Dukeman is a Chartered Financial Analyst (CFA).

Christopher H.M. Chan Chief Financial Officer

Mr. Chan joined First Busey as Chief Financial Officer in September 2025. Before joining Busey, he was Executive Vice President, Chief Strategy Officer at First National Bank, the largest subsidiary of F.N.B. Corporation, where he led Corporate Strategy, Investor Relations, and advanced digital and data strategy. From 2019 to 2025, he served as FNB's Director of Corporate Strategy, overseeing strategic planning, investor relations, and corporate development. His prior experience includes roles as a portfolio manager at Balyasny Asset Management from 2014 to 2018 and an investment analyst at Citadel Global Equities from 2009 to 2014. He began his career at Morgan Stanley as an analyst with their Financial Institutions Group.

Michael J. Maddox Vice Chairman & President

Mr. Maddox serves as Vice Chairman & President of First Busey Corporation and is also President & CEO of Busey Bank. Prior to First Busey's merger with CrossFirst Bank in 2025, he served as President and CEO of CrossFirst Bankshares, Inc. since June 2020, and CEO of CrossFirst Bank since November 2008. Before his time at CrossFirst, he was a Regional President for Intrust Bank, where he managed operations in Northeast Kansas.

Amy L. Randolph Chief Operating Officer

Ms. Randolph has been the Chief Operating Officer of First Busey since October 2023. She also holds the title of Executive Vice President. Since joining in 2008, she has served in various leadership capacities across operations, human resources, corporate strategy, customer service, marketing, and M&A integration.

Monica L. Bowe Chief Risk Officer

Ms. Bowe is the Chief Risk Officer of First Busey Corporation and Busey Bank. She joined Busey in January 2020, bringing over 25 years of financial leadership experience. Previously, Ms. Bowe served as Senior Director of Operational Risk Program Management at KeyBank.

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The key risks to First Busey's (BUSE) business are primarily rooted in the financial nature of its operations. These risks include:

  1. Credit and Lending Risks: First Busey faces significant credit risk, largely influenced by economic factors such as elevated interest rates and inflationary pressures. This sensitivity is particularly pronounced in its commercial loan portfolio, where borrower cash flows and collateral values can be affected, potentially leading to an increase in non-performing loans and higher provisions for credit losses.

  2. Interest Rate Risk: As a financial institution, First Busey is exposed to interest rate fluctuations. Changes in prevailing interest rates can impact the value of investments and, more broadly, affect the bank's net interest margin by influencing both the interest earned on assets (like loans) and the interest paid on liabilities (like deposits).

  3. Capital and Liquidity Risks: Maintaining adequate capital is critical for First Busey to meet regulatory requirements and support its operations. The bank's ability to raise additional capital, if needed, and ensure sufficient liquidity to cover obligations, represents an ongoing risk.

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The rise of digital-first financial technology companies (fintechs) and neobanks represents a clear emerging threat. These entities often provide banking services with lower fees, more competitive interest rates, and enhanced digital user experiences, directly challenging traditional regional banks like First Busey for deposits, loans, and other financial services, particularly among digitally-savvy consumers and small businesses. Additionally, the increasing expansion of large technology companies into financial services, offering payment solutions, lending products, and digital wallets, leverages their extensive customer bases and technological prowess to potentially disintermediate traditional banks from key customer relationships and revenue streams.

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First Busey (symbol: BUSE) operates primarily in the banking sector, offering a range of financial products and services. Its main offerings include commercial banking, retail banking, and wealth management services. The company's geographic presence spans Illinois, Missouri, Florida, and Indiana, with a recently announced merger set to expand its footprint across 10 states in the Midwest and Southwestern U.S.. Therefore, the addressable market sizes are identified for the United States.

  • Commercial Banking: The addressable market for commercial banking in the United States is estimated at USD 732.5 billion in 2025. This market is projected to grow to USD 915.45 billion by 2030, with a compound annual growth rate (CAGR) of 4.56%.
  • Retail Banking: The addressable market for retail banking in the United States is valued at USD 0.87 trillion (USD 870 billion) in 2025. It is forecasted to reach USD 1.08 trillion by 2030, growing at a CAGR of 4.22%.
  • Wealth Management (Financial Advisory Services): The addressable market for financial advisory services within the broader wealth management sector in the United States is estimated to have a volume of USD 814.20 billion in 2024.
  • Payment Technology Solutions (FirsTech): First Busey offers payment technology solutions through its subsidiary FirsTech. While FirsTech generated $22.8 million in revenue in 2023, a specific addressable market size for its particular niche within the broader payment technology solutions market could not be definitively determined from the available information.

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Here are 3-5 expected drivers of future revenue growth for First Busey (BUSE) over the next 2-3 years:

  1. Integration of CrossFirst Acquisition and Synergy Realization: The recently completed merger with CrossFirst Bankshares is anticipated to be a significant driver of revenue growth. First Busey expects substantial improvements in key financial metrics such as Return on Average Assets (ROAA), Return on Average Tangible Common Equity (ROATCE), Net Interest Margin, and Efficiency Ratio in 2025 as synergies from the acquisition are realized. This strategic partnership is projected to result in approximately 20% Earnings Per Share (EPS) accretion in 2026, excluding merger-related charges. The acquisition also extends First Busey's market presence into new, dynamic markets with strong economies and demographics.
  2. Disciplined Organic Growth through Market Expansion and Talent Acquisition: First Busey is focused on a disciplined organic growth strategy. Key components include expanding into new high-growth markets and successfully hiring and retaining top-tier talent. The company has been actively adding high-level talent, including new leadership roles and over 45 producers on the sales side since March 2025, to support this growth trajectory. This approach aims to deliver the full suite of First Busey's solutions to its entire client base.
  3. Growth in Wealth Management Services: The company expects to expand its wealth and asset management services. The CrossFirst acquisition is specifically cited as creating expanded opportunities to grow the existing wealth management business. Additionally, new wealth managing directors are reportedly experiencing early success in new growth markets, contributing to the growth of this segment.
  4. Expansion of Payment Technology Solutions (FirsTech): FirsTech, First Busey's payment platform, is a diversified revenue stream that is expected to contribute to future growth. The integration with CrossFirst is also anticipated to provide expanded opportunities for this payments business.

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Share Repurchases

  • In June 2025, First Busey Corporation approved a 2 million share increase to its existing share repurchase program, authorizing the repurchase of up to 2.99 million shares of its common stock.
  • During the first quarter of 2025, First Busey repurchased 220,000 shares of its common stock for $4.8 million.
  • In the second quarter of 2025, the company purchased 1,012,000 shares of its common stock at a weighted average price of $21.40 per share, totaling approximately $21.66 million.

Share Issuance

  • In May 2025, First Busey completed an underwritten public offering of 8,600,000 depositary shares, each representing a 1/40th interest in a share of its 8.25% Fixed-Rate Series B Non-Cumulative Perpetual Preferred Stock.
  • The offering had a liquidation preference of $25.00 per depositary share, resulting in total net proceeds of approximately $207.48 million.
  • The proceeds from this offering are primarily intended to redeem existing subordinated notes and support general corporate purposes and balance sheet growth.

Outbound Investments

  • In March 2025, First Busey Corporation completed its acquisition by merger of CrossFirst Bankshares Inc., creating a combined entity with approximately $20 billion in total assets.
  • First Busey broadened its presence in the greater Chicagoland area with the acquisition of Merchants & Manufacturers Bank in April 2024.
  • The company also completed the Glenview State Bank merger in May 2021.

Trade Ideas

Select ideas related to BUSE. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
13.5%13.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
3.1%3.1%-0.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.7%-4.7%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.7%6.7%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-10.3%-10.3%-12.1%

Recent Active Movers

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Peer Comparisons for First Busey

Peers to compare with:

Financials

BUSEEFSCCBSHUMBFASBONBMedian
NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
Mkt Price24.6656.0053.02119.9126.6923.2839.86
Mkt Cap2.22.17.49.14.49.15.9
Rev LTM6365931,7392,1591,1532,3241,446
Op Inc LTM-------
FCF LTM157192189802563729377
FCF 3Y Avg163224448552464563456
CFO LTM173203242854605758423
CFO 3Y Avg173232512588515596513

Growth & Margins

BUSEEFSCCBSHUMBFASBONBMedian
NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
Rev Chg LTM40.1%12.4%5.9%53.4%5.8%24.9%18.7%
Rev Chg 3Y Avg14.8%8.7%6.2%19.9%1.1%20.7%11.7%
Rev Chg Q65.7%30.2%5.6%70.8%17.7%45.1%37.7%
QoQ Delta Rev Chg LTM13.9%7.4%1.4%13.5%5.3%10.4%8.9%
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM27.1%34.2%13.9%39.5%52.5%32.6%33.4%
CFO/Rev 3Y Avg34.5%42.0%31.2%35.4%43.5%29.0%35.0%
FCF/Rev LTM24.7%32.3%10.9%37.1%48.8%31.4%31.9%
FCF/Rev 3Y Avg32.6%40.6%27.3%33.3%39.2%27.3%33.0%

Valuation

BUSEEFSCCBSHUMBFASBONBMedian
NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
Mkt Cap2.22.17.49.14.49.15.9
P/S3.53.54.24.23.83.93.9
P/EBIT-------
P/E21.410.613.115.025.014.915.0
P/CFO12.710.230.410.77.311.911.3
Total Yield4.7%11.5%9.6%7.9%7.5%6.7%7.7%
Dividend Yield0.0%2.1%2.0%1.3%3.5%0.0%1.6%
FCF Yield 3Y Avg11.5%12.7%5.7%10.8%14.1%9.5%11.1%
D/E0.10.30.00.00.90.70.2
Net D/E-0.1-0.7-0.7-1.90.60.5-0.4

Returns

BUSEEFSCCBSHUMBFASBONBMedian
NameFirst Bu.Enterpri.Commerce.UMB Fina.Associat.Old Nati. 
1M Rtn6.2%4.2%3.0%10.6%5.1%11.0%5.7%
3M Rtn1.5%-5.5%-4.8%0.7%4.3%7.1%1.1%
6M Rtn9.7%4.4%-8.4%18.7%14.3%12.0%10.9%
12M Rtn6.8%1.1%-10.0%6.2%15.4%11.1%6.5%
3Y Rtn12.3%22.1%-7.4%53.8%32.9%43.7%27.5%
1M Excs Rtn4.8%1.9%0.7%10.1%4.2%10.5%4.5%
3M Excs Rtn-0.8%-8.5%-7.9%-2.9%0.9%2.0%-1.9%
6M Excs Rtn-4.4%-9.4%-21.5%3.5%0.0%-1.5%-3.0%
12M Excs Rtn-10.9%-14.2%-28.4%-10.0%-1.2%-4.4%-10.5%
3Y Excs Rtn-62.2%-47.1%-81.7%-14.2%-39.9%-28.0%-43.5%

FDIC Bank Data

Financials

Segment Financials

Assets by Segment
$ Mil20242023202220212020
Banking12,12512,20012,74710,4639,632
Wealth Management10384664733
FirsTech524947  
Other34-0-12-14
Remittance Processing   4744
Total12,28312,33712,86010,5449,696


Price Behavior

Price Behavior
Market Price$24.66 
Market Cap ($ Bil)2.2 
First Trading Date10/06/1998 
Distance from 52W High-2.5% 
   50 Days200 Days
DMA Price$23.48$22.57
DMA Trendindeterminateindeterminate
Distance from DMA5.0%9.3%
 3M1YR
Volatility26.4%28.1%
Downside Capture63.7891.87
Upside Capture62.8484.22
Correlation (SPY)40.0%56.3%
BUSE Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.790.970.911.090.850.94
Up Beta0.020.831.131.490.640.90
Down Beta0.591.351.251.180.970.89
Up Capture151%94%49%84%78%73%
Bmk +ve Days12253873141426
Stock +ve Days10202557115348
Down Capture74%82%87%99%104%102%
Bmk -ve Days7162452107323
Stock -ve Days8203666128387

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of BUSE With Other Asset Classes (Last 1Y)
 BUSESector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return0.2%14.3%14.7%67.3%6.8%-0.5%-16.6%
Annualized Volatility28.5%19.3%19.7%19.3%15.2%17.6%35.4%
Sharpe Ratio0.000.570.572.540.23-0.18-0.25
Correlation With Other Assets 68.8%57.3%-2.6%14.0%56.0%25.0%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of BUSE With Other Asset Classes (Last 5Y)
 BUSESector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return7.3%16.5%15.0%18.9%11.8%5.1%35.8%
Annualized Volatility29.0%18.9%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio0.270.730.710.980.510.180.63
Correlation With Other Assets 67.9%48.5%-1.4%11.5%46.9%21.1%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of BUSE With Other Asset Classes (Last 10Y)
 BUSESector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return5.4%13.4%14.9%14.9%6.7%5.5%69.9%
Annualized Volatility31.4%22.3%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.240.550.710.840.300.230.90
Correlation With Other Assets 74.3%56.4%-5.9%20.5%52.7%15.5%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity1,948,527
Short Interest: % Change Since 111520255.7%
Average Daily Volume363,527
Days-to-Cover Short Interest5.36
Basic Shares Quantity89,136,898
Short % of Basic Shares2.2%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
10/28/2025-3.1%-2.5%2.2%
7/22/2025-2.0%-5.7%-3.8%
4/22/20253.3%2.0%6.2%
1/28/20251.9%3.8%2.3%
10/22/2024-0.6%-0.2%6.6%
7/23/2024-3.2%-1.6%-8.5%
4/23/2024-0.6%-4.0%0.2%
1/23/20242.0%4.3%-3.0%
...
SUMMARY STATS   
# Positive91217
# Negative15127
Median Positive2.0%1.9%4.6%
Median Negative-1.4%-2.9%-4.8%
Max Positive8.2%9.4%19.9%
Max Negative-5.9%-5.7%-14.4%

SEC Filings

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Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025805202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024227202510-K 12/31/2024
93020241105202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024507202410-Q 3/31/2024
12312023223202410-K 12/31/2023
93020231102202310-Q 9/30/2023
6302023803202310-Q 6/30/2023
3312023504202310-Q 3/31/2023
12312022223202310-K 12/31/2022
93020221103202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022505202210-Q 3/31/2022
12312021224202210-K 12/31/2021