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First Busey (BUSE) Q2 FY2024 earnings: revenue $116 million

First Busey Corp. (BUSE) reported revenue of $116 million for Q2 FY2024, the quarter ended 30 June 2024. Net income was $27 million, and diluted earnings per share $0.47. The figures are the company's own, from the 10-Q it filed with the SEC on 5 August 2025.

Revenue$116 million
Net income$27 million
Diluted EPS$0.47
QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Revenue116111n/an/a
Interest expense49.450.0n/an/a
Pre-tax income38.435.0n/an/a
Income tax11.18.7n/an/a
Effective tax rate28.8%25.0%n/a
Net income27.426.2n/an/a
Net margin23.5%23.7%n/a
Diluted EPS$0.47$0.46n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed.

Cash flow and capital returned

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Operating cash flow28.537.4n/an/a
Capital expenditure2.21.4n/an/a
Free cash flow26.336.0n/an/a
Cash from investing102249n/an/a
Cash from financing-436-415n/an/a
Depreciation and amortisation2.52.4n/an/a
Share-based compensation1.12.4n/an/a
Buybacks0.00.0n/an/a
Dividends paid13.613.3n/an/a
Dividend per share$0.24$0.24n/an/a
Diluted shares, weighted58m56mn/an/a
Shares outstanding at period end57m55mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Shareholders' equity1,3341,283n/an/a
Deposits9,9769,960n/an/a
Debt442442n/an/a
Other liabilities219202n/an/a
Total liabilities and equity11,97111,887n/an/a
Fixed assets122122n/an/a
Goodwill333318n/an/a
Intangible assets37.333.6n/an/a
Securities held for sale or to maturity1,8301,898n/an/a
Loans7,9147,497n/an/a
Cash and equivalents285591n/an/a
Other assets1,4501,429n/an/a
Total assets11,97111,887n/an/a

Questions

What was First Busey's revenue in Q2 FY2024?

First Busey (BUSE) reported revenue of $116 million for Q2 FY2024, the quarter ended 30 June 2024.

How much did First Busey earn in Q2 FY2024?

Net income for Q2 FY2024 was $27 million, and diluted earnings per share $0.47.

When did First Busey report Q2 FY2024 results?

First Busey filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 5 August 2025.

Quarterly results, the last 20 quarters

Q2 FY2018Q3 FY2018Q4 FY2018Q1 FY2019 †Q2 FY2019Q3 FY2019Q4 FY2019Q1 FY2020Q2 FY2020Q3 FY2023Q1 FY2024Q2 FY2024 †Q3 FY2024 †Q4 FY2024 *Q1 FY2025 †Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue83.282.683.494.310110410497.098.8109111116118117125198196200196197
Interest expense10.012.013.815.918.018.216.915.010.444.950.049.4n/an/an/an/an/an/an/an/a
Pre-tax income33.635.934.235.130.832.935.719.232.837.535.038.442.637.4-32.764.577.377.563.781.9
Tax rate26%25%26%27%22%24%20%20%21%18%25%29%25%25%n/a27%26%22%21%23%
Net income24.926.925.325.524.124.828.615.425.830.726.227.432.028.1-30.047.457.160.850.063.2
Net margin30%33%30%27%24%24%28%16%26%28%24%24%27%24%-24%24%29%30%25%32%
Diluted EPS$0.51$0.55$0.51$0.48$0.43$0.45$0.52$0.28$0.47$0.54$0.46$0.47$0.55$0.49-$0.44$0.52$0.58$0.63$0.52$0.69
Operating cash flow18.435.455.436.31.115.028.518.835.942.237.428.560.152.38.449.562.572.251.541.5
Capital expenditure4.11.81.21.14.94.82.52.30.72.21.42.21.01.91.83.48.06.42.52.3
Free cash flow14.433.554.235.2-3.810.126.016.535.240.036.026.359.150.46.646.154.565.849.139.2
Buybacksn/an/an/an/an/a4.9n/a9.7-0.01.30.00.00.00.04.821.713.529.866.163.8
Dividends paid9.79.89.810.311.711.611.612.112.013.313.313.613.613.614.222.627.426.727.226.7
Shares outstanding49m49m49m56m55m55m55m54m55m55m55m57m57m57m90m89m89m88m86m83m
Filing10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 30 June 2024, filed 5 August 2025: the filing.