First Busey among the 2016 Class of Sm-All Stars
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.
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