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

Associated Banc-Corp

19/10/2023 22:02

* Associated Banc-Corp  ASB.N  reported quarterly adjusted
earnings of 53 cents​​ per share for the quarter ended in
September. The mean expectation of eleven analysts for the
quarter was for earnings of 52 cents per share.
    * Revenue fell 4.3% to $320.82 million from a year ago;
analysts
expected $325.26 million. 
    * Associated Banc-Corp's reported EPS for the quarter was 53
cents​.
    * The mean earnings estimate of analysts had fallen by
about 2.9%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * Associated Banc-Corp shares had fallen by 3.7% this
quarter and
lost 28.6% so far this year.
    * The company reported quarterly net income of $80.37
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 2 "strong buy" or "buy," 9
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
October 19 at 09:02 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 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
 Dec. 31 2022      0.66           0.70           Beat