Associated Banc-Corp reports results for the quarter ended December 31 - Earnings Summary

Associated Banc-Corp

23/01/2025 22:56

* Associated Banc-Corp  ASB.N  reported quarterly adjusted
earnings of 57 cents​​ per share for the quarter ended December
31, higher than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of nine analysts
for the quarter was for earnings of 54 cents per share. Wall
Street expected results to range from 48 cents to 57 cents per
share.
    * Revenue fell 83.5% to $63.52 million from a year ago;
analysts
expected $249.68 million. 
    * Associated Banc-Corp's reported EPS for the quarter was a
loss
of $1.03​.
    * The company reported a quarterly loss of $164.49 million.
    * Associated Banc-Corp shares had risen by 6.8% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.9%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 8
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for Associated
Banc-Corp is $28.00 
This summary was machine generated from LSEG data January 23 at
10:56 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.54           0.57           Beat
 Sep. 30 2024      0.50           0.56           Beat
 Jun. 30 2024      0.52           0.74           Beat
 Mar. 31 2024      0.49           0.52           Beat