First Busey Corporation (NASDAQ:BUSE) Poised To Extend Post-Acquisition Margin Recovery

First Busey shows momentum on multiple technical fronts while fundamentals reflect integration effects from prior acquisitions and a compact capital structure; near-term action should track momentum with guarded risk of mean reversion.

Recent News

On April 14, 2026 First Busey declared a quarterly common dividend of $0.26 per share payable May 1, 2026 to shareholders of record April 24, 2026. The company’s 2026 Annual Meeting on May 20, 2026 approved amendments to the 2020 equity incentive plan. The firm also declared a quarterly dividend on its 8.25% Fixed-Rate Series B depositary shares in early May 2026.

Technical Analysis

ADX stands at 17.11, signaling no dominant trend; near-term directional moves likely depend on momentum rather than a strong trend signal.

DI+ registers a dip-and-reversal and DI- shows a peak-and-reversal, a paired directional read that indicates bullish directional bias from the ADX/DI set.

MACD sits at 0.42 with the MACD line above the 0.32 signal line and a MACD trend labeled dip-and-reversal; the cross above the signal line confirms bullish momentum.

MRO reads 31.24 (positive), which indicates price currently sits above model target and therefore carries potential for a corrective move back toward fair value absent fresh buying.

RSI at 59.35 with a dip-and-reversal trajectory keeps momentum growth in place without entering overbought territory, supporting continued upside but leaving room for consolidation.

Price structure shows the close at $28.33 above the 50-day average ($26.55) and 200-day average ($24.54), with the 12-day EMA ($27.53) and Ichimoku Tenkan/Kijun near current levels—an alignment that favors continuation while the upper Bollinger band cluster (≈$27.94–$28.44) marks near-term resistance and the superTrend lower at $27.17 acts as immediate support.

 


Fundamental Analysis

EPS for the most recent quarter arrived at $0.67 versus an estimate of $0.58, a $0.09 beat and a 15.52% EPS surprise. Net income for the period registered $49,981,000 and cash flows ended the period at $288,462,000 per the company filings.

Valuation multiples show a price-to-book ratio of 0.91, below the industry peer mean of 1.25 and below the industry peer median of 1.22 but inside the industry peer range (low 0.29–high 1.99). Price-to-earnings stands at 38.24, below the industry peer mean of 47.46 and below the peer median of 45.37. Forward P/E at 36.82 sits modestly below the industry peer mean. Free cash flow yield equals 2.24%, above the industry peer mean of 1.78%, supporting the cash-return profile. These comparisons place book and earnings multiples on the lower side of peer averages while cash generation reads slightly stronger than the industry peer mean.

Balance-sheet and returns: debt-to-assets measures 2.81%, materially lower than the industry peer mean of 5.73%, indicating conservative leverage. Return on assets registers 0.277% (slightly above the industry peer mean), while return on equity sits at 2.071% (slightly below the industry peer mean). Dividend payout ratio at 54.42% and a current dividend yield of 1.24% reflect a distribution policy supported by cash flow coverage and a dividend coverage ratio of 1.84.

Growth and cash dynamics show mixed signals: revenue growth reads 1.99% (reported as a decimal 0.01994), while revenue QoQ and YoY data indicate directionality in the provided metrics; free cash flow shows contraction on a recent quarter basis despite a positive free cash flow yield year-over-year. Acquisition-related adjustments and integration items (including amounts related to legacy acquired PCD loan reserves and acquisition expenses) appear in the Q1 filings and contribute to the recent operating-line variability.

WMDST values the stock as under-valued; that valuation aligns with a below-peer P/B and P/E profile combined with above-peer free cash flow yield and low leverage—factors that support a relative valuation discount while integration and growth execution remain the primary fundamental drivers.

MOST-RECENT QUARTERLY REPORT
REPORT PERIOD ENDING: 2026-03-31
REPORT DATE: 2026-04-28
NEXT REPORT DATE: 2026-07-28
CASH FLOW  Begin Period Cash Flow 280.2 M
 Operating Cash Flow 51.5 M
 Capital Expenditures -2.46 M
 Change In Working Capital -4.61 M
 Dividends Paid -27.20 M
 Cash Flow Delta 8.2 M
 End Period Cash Flow 288.5 M
 
INCOME STATEMENT REVENUE
 Total Revenue 196.2 M
 Forward Revenue 57.0 M
COSTS
 Cost Of Revenue
 Depreciation 3.6 M
 Depreciation and Amortization 8.1 M
 Research and Development
 Total Operating Expenses
PROFITABILITY
 Gross Profit
 EBITDA
 EBIT
 Operating Income
 Interest Income 224.6 M
 Interest Expense 71.5 M
 Net Interest Income 153.1 M
 Income Before Tax 63.7 M
 Tax Provision 13.7 M
 Tax Rate 21.484 %
 Net Income 50.0 M
 Net Income From Continuing Operations 50.0 M
EARNINGS
 EPS Estimate 0.58
 EPS Actual 0.67
 EPS Difference 0.09
 EPS Surprise 15.517 %
 Forward EPS 0.68
 
BALANCE SHEET ASSETS
 Total Assets 18.0 B
 Intangible Assets 475.5 M
 Net Tangible Assets 1.9 B
 Total Current Assets
 Cash and Short-Term Investments
 Cash 302.2 M
 Net Receivables
 Inventory
 Long-Term Investments
LIABILITIES
 Accounts Payable
 Short-Term Debt 170.0 M
 Total Current Liabilities
 Net Debt 162.0 M
 Total Debt 506.1 M
 Total Liabilities 15.6 B
EQUITY
 Total Equity 2.4 B
 Retained Earnings 359.2 M
VALUATION & PER-SHARE METRICS EQUITY & PER-SHARE METRICS
 Book Value Per-Share 28.22
 Shares Outstanding 85.507 M
 Revenue Per-Share 2.29
VALUATION
 Market Capitalization 2.2 B
 Enterprise Value 2.7 B
 Enterprise Multiple
Enterprise Multiple QoQ
Enterprise Multiple YoY
Enterprise Multiple IPRWA
 EV/R 13.744
CAPITAL STRUCTURE
 Asset To Equity 7.475
 Asset To Liability 1.154
 Debt To Capital 0.173
 Debt To Assets 0.028
Debt To Assets QoQ 57.199 %
Debt To Assets YoY 25.268 %
Debt To Assets IPRWA high: 0.145
median: 0.064
mean: 0.057
BUSE: 0.028
low: -0.0
 Debt To Equity 0.21
Debt To Equity QoQ 60.266 %
Debt To Equity YoY 4.865 %
Debt To Equity IPRWA high: 1.682
median: 0.597
mean: 0.546
BUSE: 0.21
low: -0.315
PRICE-BASED VALUATION
 Price To Book (P/B) 0.908
Price To Book QoQ 6.283 %
Price To Book YoY 0.842 %
Price To Book IPRWA high: 1.989
mean: 1.251
median: 1.216
BUSE: 0.908
low: 0.287
 Price To Earnings (P/E) 38.241
Price To Earnings QoQ 8.035 %
Price To Earnings YoY -0.021 %
Price To Earnings IPRWA high: 85.229
mean: 47.458
median: 45.368
BUSE: 38.241
low: 28.296
 PE/G Ratio -25.997
 Price To Sales (P/S) 11.164
Price To Sales QoQ 5.999 %
Price To Sales YoY -28.911 %
Price To Sales IPRWA high: 26.967
mean: 14.331
median: 13.162
BUSE: 11.164
low: 0.11
FORWARD MULTIPLES
Forward P/E 36.818
Forward PE/G -25.029
Forward P/S 38.529
EFFICIENCY OPERATIONAL
 Operating Leverage
ASSET & SALES
 Asset Turnover Ratio 0.011
Asset Turnover Ratio QoQ -1.63 %
Asset Turnover Ratio YoY 36.948 %
Asset Turnover Ratio IPRWA high: 0.016
BUSE: 0.011
mean: 0.01
median: 0.01
low: 0.005
 Receivables Turnover
Receivables Turnover Ratio QoQ
Receivables Turnover Ratio YoY
Receivables Turnover Ratio IPRWA
 Inventory Turnover
Inventory Turnover Ratio QoQ
Inventory Turnover Ratio YoY
Inventory Turnover Ratio IPRWA
 Days Sales Outstanding (DSO)
CASH CYCLE
 Cash Conversion Cycle Days (CCC)
Cash Conversion Cycle Days QoQ
Cash Conversion Cycle Days YoY
Cash Conversion Cycle Days IPRWA
CAPITAL DEPLOYMENT
 Cash Conversion Ratio
 CapEx To Revenue -0.013
 CapEx To Depreciation -0.687
 
CAPITAL, LIQUIDITY & COVERAGE CAPITAL STRUCTURE
 Total Capital 2.7 B
 Net Invested Capital 2.9 B
 Invested Capital 2.9 B
 Net Tangible Assets 1.9 B
 Net Working Capital
LIQUIDITY
 Cash Ratio
 Current Ratio
Current Ratio QoQ
Current Ratio YoY
Current Ratio IPRWA
 Quick Ratio
Quick Ratio QoQ
Quick Ratio YoY
Quick Ratio IPRWA
COVERAGE & LEVERAGE
 Debt To EBITDA
 Cost Of Debt 19.367 %
 Interest Coverage Ratio
Interest Coverage Ratio QoQ
Interest Coverage Ratio YoY
Interest Coverage Ratio IPRWA
 Operating Cash Flow Ratio
TIMING / LIQUIDITY
 Days Payables Outstanding (DPO)
DIVIDENDS
 Dividend Coverage Ratio 1.838
 Dividend Payout Ratio 0.544
 Dividend Rate 0.32
 Dividend Yield 0.012
PERFORMANCE GROWTH
 Asset Growth Rate -0.376 %
 Revenue Growth 1.994 %
Revenue Growth QoQ -330.787 %
Revenue Growth YoY -74.317 %
Revenue Growth IPRWA high: 29.228 %
mean: 5.193 %
BUSE: 1.994 %
median: 1.084 %
low: -23.976 %
 Earnings Growth -1.471 %
Earnings Growth QoQ -123.536 %
Earnings Growth YoY -119.491 %
Earnings Growth IPRWA high: 41.86 %
BUSE: -1.471 %
mean: -2.335 %
median: -3.008 %
low: -43.519 %
MARGINS
 Gross Margin
Gross Margin QoQ
Gross Margin YoY
Gross Margin IPRWA
 EBIT Margin
EBIT Margin QoQ
EBIT Margin YoY
EBIT Margin IPRWA
 Return On Sales (ROS)
Return On Sales QoQ
Return On Sales YoY
Return On Sales IPRWA
CASH FLOW
 Free Cash Flow (FCF) 49.1 M
 Free Cash Flow Yield 2.24 %
Free Cash Flow Yield QoQ -28.48 %
Free Cash Flow Yield YoY 572.673 %
Free Cash Flow Yield IPRWA high: 9.54 %
BUSE: 2.24 %
mean: 1.775 %
median: 1.61 %
low: -3.189 %
 Free Cash Growth -25.717 %
Free Cash Growth QoQ -220.907 %
Free Cash Growth YoY -70.456 %
Free Cash Growth IPRWA high: 299.762 %
BUSE: -25.717 %
median: -50.617 %
mean: -59.334 %
low: -368.012 %
 Free Cash To Net Income 0.982
 Cash Flow Margin 29.584 %
 Cash Flow To Earnings 1.161
VALUE & RETURNS
 Economic Value Added 0.06
 Return On Assets (ROA) 0.277 %
Return On Assets QoQ -17.313 %
Return On Assets YoY -245.789 %
Return On Assets IPRWA high: 0.612 %
BUSE: 0.277 %
median: 0.255 %
mean: 0.253 %
low: 0.065 %
 Return On Capital Employed (ROCE)
 Return On Equity (ROE) 0.021
Return On Equity QoQ -15.847 %
Return On Equity YoY -250.509 %
Return On Equity IPRWA high: 0.043
median: 0.023
mean: 0.022
BUSE: 0.021
low: 0.001
 DuPont ROE 2.048 %
 Return On Invested Capital (ROIC)
Return On Invested Capital QoQ
Return On Invested Capital YoY
Return On Invested Capital IPRWA

Six-Week Outlook

Momentum indicators currently favor continued upside: MACD crossing above its signal line and DI+/DI- behavior point to bullish pressure, with price above key moving averages and support near $27.17. Countervailing force from a positive MRO suggests a risk of short-term mean reversion if buyers pause. Expect price action to oscillate between the identified support band and the upper Bollinger region while volume and any new corporate headlines drive direction. Traders should monitor momentum confirmation or a decisive return below the superTrend lower as the clearest short-term change in bias.

About First Busey Corporation

First Busey Corporation (NASDAQ:BUSE) delivers comprehensive financial services as a prominent institution headquartered in Champaign, Illinois, with a history dating back to 1868. As the parent company of Busey Bank, it caters to individuals, businesses, and governmental entities across the United States through its diverse service offerings. The company structures its operations into three main segments: Banking, Wealth Management, and FirsTech. In the Banking segment, First Busey provides a wide range of services, including personal and commercial banking solutions. These services encompass savings and checking accounts, loans, and cash management, addressing the financial needs of both individual and corporate clients. Within the Wealth Management segment, First Busey offers investment management, fiduciary services, and strategic financial planning. This segment aims to assist individuals, businesses, and foundations in reaching their financial objectives through tailored advisory services. FirsTech, the technological division, enhances First Busey’s service portfolio with advanced payment solutions. It facilitates online and mobile bill payments, direct debit, and treasury management tools, enabling clients to optimize their financial processes. First Busey Corporation emphasizes community-focused banking, leveraging its extensive experience to promote financial growth and stability for its clients.



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