Associated Banc-Corp reports results for the quarter ended in January 1 - Earnings Summary

Associated Banc-Corp

27/10/2024 15:51

* Associated Banc-Corp  ASB.N  reported quarterly adjusted
earnings of 56 cents​​ per share for the quarter ended January
1, 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 50 cents per share. Wall
Street expected results to range from 46 cents to 52 cents per
share.
    * Revenue rose 2.8% to $329.73 million from a year ago;
analysts
expected $332.96 million. 
    * Associated Banc-Corp's reported EPS for the quarter was 56
cents​.
    * The company reported quarterly net income of $85.14
million.
    * Associated Banc-Corp shares had risen by 5.3% this
quarter and
gained 6.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.8%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
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 $25.00 
This summary was machine generated from LSEG data October 27 at
03:51 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
 Sep. 30 2024      0.50           0.56           Beat
 Jun. 30 2024      0.52           0.74           Beat
 Mar. 31 2024      0.49           0.52           Beat
 Dec. 31 2023      0.52           0.53           Beat