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

Associated Banc-Corp

20/04/2023 22:01

* Associated Banc-Corp  ASB.N  reported quarterly adjusted
earnings of 66 cents​​ per share for the quarter ended in March.
The mean expectation of eleven analysts for the quarter was
for earnings of 64 cents per share.
    * Revenue rose 24.4% to $326.08 million from a year ago;
analysts
expected $346.19 million. 
    * Associated Banc-Corp's reported EPS for the quarter was 66
cents​.
    * The mean earnings estimate of analysts had risen by
about 7% in
the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates 
    * Associated Banc-Corp shares had risen by 2.6% this
quarter and
lost 20.1% so far this year.
    * The company reported quarterly net income of $100.49
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
April 20 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Jun. 30 2022      0.44           0.56           Beat