Sandler O’Neill identifies and recognizes the top performing small-cap banks and thrifts in the country
First Busey Corporation (NASDAQ: BUSE) (“Busey”) is among the 2016 Class of Bank and Thrift Sm-All Stars by investment banking firm Sandler O’Neill. Busey joins 26 other top performing small-cap banks and thrifts in this year’s class—and is among only 2 companies headquartered in Illinois.
To earn Sm-All Star status by Sandler O’Neill, companies must be publicly traded, must have a market capitalization of less than $2.5 billion and must clear numerous hurdles related to growth, profitability, credit quality and capital strength. Banks need to outperform others in the industry in the following key metrics: earnings-per-share growth, loan growth, deposit growth, return on average equity and ratio of nonperforming assets to total loans.
Sandler O’Neill screened and eliminated 381 institutions—or 93 percent of banks and thrifts that trade on a major exchange. Busey’s performance metrics are considered outstanding, according to Sandler O’Neill, with the entire Class of 2016 delivering bottom line results that were markedly better than the industry as a whole.