$BUSE

Piper Sandler upgraded Alerus Financial (ALRS), Horizon Bancorp (HBNC), and Independent Bank (IBCP) to Overweight, citing growth prospects. First Busey (BUSE) and Equity Bancshares (EQBK) were downgraded to Neutral. Stocks rose 0.9% to 2.5% in midday trading.

Analysts downgraded several companies: Foghorn Therapeutics (FHTX) to Neutral, First Busey (BUSE) to Neutral with a $30 target, AST SpaceMobile (ASTS) to Neutral with a $65 target, AtriCure (ATRC) to Hold with a $57 target, and Equity Bancshares (EQBK) to Neutral with a $52 target. ASTS closed at $57.04 on Thursday.

Piper Sandler downgraded First Busey (BUSE) to Neutral from Overweight, lowering its price target to $30 from $35. Analyst Nathan Race cited concerns over organic loan growth and recent stock outperformance. The firm maintained 2026 and 2027 EPS estimates but adjusted valuation multiples. First Busey's CEO will extend his role until 2029, while a board member retired.

First Hawaiian Bank (FHB) stock rose 5.3% post-earnings. Banc of California (BANC) reported $285.7M revenue, missing estimates, and fell 12.4%. QCR Holdings (QCRH) reported $107.2M revenue, beating estimates, and rose 6.6%. First Busey (BUSE) reported $194.3M revenue, mixed results, and remained flat. Market risks shifted from AI to geopolitics.

FIRST BUSEY CORP /NV/ (BUSE) filed an SEC Form 8-K — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On July 29, 2026, Stanley J. Bradshaw provided notice of his retirement from the board of directors (the “Board”) of First

First Busey (NASDAQ:BUSE) reported Q2 CY2026 results with revenue up 1.3% year over year to $194.5 million, below analyst estimates. Non-GAAP EPS was $0.69, 7.1% above consensus. The article also cites net interest income as the main revenue driver and notes the stock was about $30.20 after the report.

FIRST BUSEY CORP /NV/ (BUSE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 buse_20260728x26q2xex991.htm EX-99.1 Document F I R S T B U S E Y C O R P O R A T I O N A N N O U N C E S 2 0 2 6 S E C O N D Q U A R T E R E A R N I N G S Q 2 | 2 0 2 6 www.busey.com INVESTOR CONTACT: Tate McKay, Director of Investor Relations and Corporate Development

First Busey (NASDAQ: BUSE) will report earnings Tuesday afternoon. The company last quarter reported revenue of $197.2 million, up 40.1% year on year, and beat analysts on EPS and tangible book value per share. For the upcoming quarter, analysts expect revenue growth of 2.6% y/y. The average analyst price target is $30.57 versus $29.85.

After softer inflation data, regional bank stocks rose in the afternoon session. The article cites June CPI of 3.5% and lower-than-expected producer prices, which it says cooled expectations for further Fed rate hikes. It links the move to improved sentiment and strong Q2 earnings read-through. It highlights gains for UBSI, FULT, HOMB, BUSE, and EFSC, and notes HOMB at $30.63 and up 9.7% YTD.

First Busey Corporation (Nasdaq: BUSE) said Chairman, President and CEO Van Dukeman will remain through July 1, 2029, extending his contract via a letter agreement. He will also keep roles as FBC chairman and Busey Bank board chairman. The company said Dukeman will retain at least 300,000 shares for two years after his CEO tenure ends.