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FIRST BUSEY CORPORATION

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First Busey : Federal Reserve Board Announces Approval of Application by First Busey Corporation

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01/11/2019 | 10:19pm EDT

WASHINGTON, Jan. 11 -- The Federal Reserve issued the following news release:

The Federal Reserve Board on Friday announced its approval of the application under section 3 of the Bank Holding Company Act of 1956 by First Busey Corporation, Champaign, Illinois, to acquire The Banc Ed Corp., and thereby indirectly acquire Ed Corp's subsidiary bank, The Bank of Edwardsville, both of Edwardsville, Illinois.

Attached is the Board's order relating to this action.

For media inquiries, call 202-452-2955.

Attachment (https://www.federalreserve.gov/newsevents/pressreleases/files/orders20190111a1.pdf)

© 2019 Targeted News Service, source News Service

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Financials ($)
Sales 2019 406 M
EBIT 2019 181 M
Net income 2019 121 M
Debt 2019 -
Yield 2019 3,58%
P/E ratio 2019 10,88
P/E ratio 2020 9,86
Capi. / Sales 2019 3,24x
Capi. / Sales 2020 3,09x
Capitalization 1 316 M
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Mean consensus OUTPERFORM
Number of Analysts 8
Average target price 31,6 $
Spread / Average Target 33%
EPS Revisions
Managers
NameTitle
Van A. Dukeman President, Chief Executive Officer & Director
Gregory B. Lykins Chairman
Robin N. Elliott Executive VP, Chief Financial & Operating Officer
Howard F. Mooney Chief Information Officer & Executive VP
David J. Downey Lead Independent Director
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