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

Associated Banc-Corp

25/01/2024 22:02

* Associated Banc-Corp  ASB.N  reported quarterly adjusted
earnings of 28 cents​​ per share for the quarter ended in
December, lower than the same quarter last year, when the
company reported EPS of 70 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 52 cents per
share. Wall Street expected results to range from 47 cents to 58
cents per share.
    * Revenue rose 9.6% to $384.42 million from a year ago;
analysts
expected $275.25 million. 
    * Associated Banc-Corp's reported EPS for the quarter was a
loss
of 62 cents​.
    * The company reported a quarterly loss of $93.68 million.
    * Associated Banc-Corp shares had risen by 2.2% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 9
"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 $23.00 
This summary was machine generated from LSEG data January 25 at
10:01 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 2023      0.52           0.28           Missed
 Sep. 30 2023      0.52           0.53           Beat
 Jun. 30 2023      0.59           0.56           Missed
 Mar. 31 2023      0.64           0.66           Beat