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

Associated Banc-Corp

20/07/2023 23:02

* Associated Banc-Corp  ASB.N  reported quarterly adjusted
earnings of 56 cents​​ per share for the quarter ended in June.
The mean expectation of eleven analysts for the quarter was
for earnings of 59 cents per share.
    * Revenue rose 10.9% to $323.46 million from a year ago;
analysts
expected $332.80 million. 
    * Associated Banc-Corp's reported EPS for the quarter was 56
cents​.
    * The mean earnings estimate of analysts had fallen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates 
    * Associated Banc-Corp shares had risen by 15.3% this
quarter and
lost 18.9% so far this year.
    * The company reported quarterly net income of $84.28
million.
    * Wall Street's median 12-month price target for Associated
Banc-Corp is $19.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 9
"hold" and 1 "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
20 at 10:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.59           0.56           Missed
 Mar. 31 2023      0.64           0.66           Beat
 Dec. 31 2022      0.66           0.70           Beat
 Sep. 30 2022      0.59           0.62           Beat