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First Busey Corp shares fall 3.1% after weak Q3 2026 results and mixed credit quality.

Company Fundamentals
29 Oct 2026, 06:00 WIB
Seeking Alpha
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Bearish
First Busey Corp shares fall 3.1% after weak Q3 2026 results and mixed credit quality.

First Busey Corporation's shares dropped 3.1% following the release of its third quarter 2026 financial results, which showed stable net interest margin at 3.58% but declines in revenue and profitability despite deposit growth. Asset quality remains strong with low non-performing assets at 0.45%, though non-performing loans increased to 0.64%, indicating mixed credit quality. The company's valuation appears reasonable on price-to-book metrics, but a price-to-earnings ratio of 12.2 and weaker returns compared to peers limit its upside potential. Investors are advised to maintain a 'hold' stance given the underwhelming fundamentals and cautious outlook.

First Busey Corporation stock is the subject, with Pluang's Financials-sector snapshot provided as context. As of Oct 29, 2026 09:01 WIB, out of 142 priced Financials-sector US stocks tradable on Pluang, 93 rose and 48 fell. Notable movers include NU (Nu Holdings Ltd) at USD 11.96 with a 1-day change of -3.55% and a typical hold time on Pluang of 53 days, RIOT (Riot Platforms Inc) at USD 14.04 with a 1-day change of +3.54%, and OWL (Blue Owl Capital Inc. Class A Common Stock) at USD 9.62 with a 1-day change of +3.33%. The most notable figure is NU's 3.55% decline.

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