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Associated Bank announces David Stein retirement
Prnewswire· 2025-05-08 13:05
Stein will transition to executive vice president, strategic advisor and Madison market president through the end of 2025GREEN BAY, Wis., May 8, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced David Stein's retirement after more than 20 years with the company. Effective July 1, Stein will step down as executive vice president, head of consumer and business banking and transition to executive vice president, strategic advisor, assisting with development of the bank's stra ...
Why Associated Banc-Corp (ASB) is a Top Value Stock for the Long-Term
ZACKS· 2025-05-07 14:46
Core Insights - Zacks Premium offers various tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores are designed to complement the Zacks Rank, providing ratings based on value, growth, and momentum characteristics [2][3] Zacks Style Scores - Each stock is rated from A to F based on its value, growth, and momentum, with A indicating the highest potential for outperformance [3] - The Value Score focuses on identifying undervalued stocks using financial ratios like P/E and Price/Sales [4] - The Growth Score emphasizes a company's financial health and future growth potential based on earnings and cash flow [5] - The Momentum Score identifies stocks with favorable price trends and earnings outlooks [6] - The VGM Score combines the three Style Scores to highlight stocks with attractive value, growth forecasts, and momentum [6] Zacks Rank - The Zacks Rank is a proprietary model that leverages earnings estimate revisions to guide investors in stock selection [7] - Stocks rated 1 (Strong Buy) have historically achieved an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [8] - Investors are encouraged to focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B for optimal returns [10] Stock Highlight: Associated Banc-Corp - Associated Banc-Corp is currently rated 3 (Hold) with a VGM Score of B, indicating moderate potential [12] - The company has a Value Style Score of B, supported by a forward P/E ratio of 9.12, making it attractive for value investors [13] - Recent earnings estimates for fiscal 2025 have been revised upward, with the Zacks Consensus Estimate increasing by $0.03 to $2.48 per share, alongside an average earnings surprise of 4.2% [13]
Associated Banc-Corp: The Recent Plunge Is A Blessing
Seeking Alpha· 2025-04-30 22:20
Back in early December of last year, one bank that I came very close to downgrading was Associated Banc-Corp (NYSE: ASB ). From the time I originally rated the company a "strong buy" in October ofCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P firms, and live ...
Associated Banc-Corp (ASB) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-04-30 16:50
Company Overview - Associated Banc-Corp (ASB) is headquartered in Green Bay and has experienced a price change of -6.23% this year [3] - The company currently pays a dividend of $0.23 per share, resulting in a dividend yield of 4.11%, which is higher than the Banks - Midwest industry's yield of 3.28% and the S&P 500's yield of 1.64% [3] Dividend Performance - The annualized dividend of $0.92 represents a 3.4% increase from the previous year [4] - Over the past five years, Associated Banc-Corp has increased its dividend four times, averaging an annual increase of 5.65% [4] - The current payout ratio is 41%, indicating that the company pays out 41% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for earnings per share in 2025 is $2.44, reflecting a year-over-year growth rate of 2.52% [5] Investment Considerations - Dividends are favored by investors for various reasons, including improving stock investing profits and providing tax advantages [6] - High-yielding stocks may face challenges during periods of rising interest rates, but ASB is considered a compelling investment opportunity due to its strong dividend profile [7] - The stock currently holds a Zacks Rank of 3 (Hold) [7]
Associated Banc-p(ASB) - 2025 Q1 - Quarterly Report
2025-04-29 20:16
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31343 Associated Banc-Corp (Exact name of registrant as specified in its charter) (State or other jurisdiction ...
Associated Banc-Corp (ASB) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-04-28 17:00
Investors might want to bet on Associated Banc-Corp (ASB) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a ch ...
ASB vs. UMBF: Which Stock Is the Better Value Option?
ZACKS· 2025-04-28 16:45
Investors with an interest in Banks - Midwest stocks have likely encountered both Associated Banc-Corp (ASB) and UMB Financial (UMBF) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positi ...
Associated Banc-Corp Q1 Earnings Beat as NII Rises, Provisions Fall
ZACKS· 2025-04-25 12:35
Core Insights - Associated Banc-Corp's (ASB) first-quarter 2025 earnings per share (EPS) were 59 cents, exceeding the Zacks Consensus Estimate of 57 cents and up from 52 cents in the prior-year quarter [1] - The increase in earnings was driven by higher net interest income (NII) and adjusted non-interest income, alongside growth in loans and deposits, while higher expenses posed a challenge [1] Financial Performance - Net income available to common shareholders reached $98.8 million, a 26% increase from the year-ago quarter, surpassing the estimate of $89.5 million [2] - Total revenues for the quarter were $349 million, a 7% year-over-year increase, but fell short of the Zacks Consensus Estimate of $350.7 million [3] - NII was reported at $285.9 million, an 11% increase, with a net interest margin of 2.97%, up 18 basis points year over year [3] - Non-interest income was $58.8 million, down 10%, but adjusted non-interest income, excluding losses from mortgage portfolio sales, rose 2% to $66 million [4] - Non-interest expenses increased by 7% to $210.6 million, exceeding the estimate of $203.5 million [4] Loan and Deposit Growth - As of March 31, 2025, total loans were $30.3 billion, a 2% increase from the prior quarter, while total deposits grew 2% to $35.2 billion [5] Credit Quality - The provision for credit losses was $13 million, down 46% from the prior-year quarter, indicating improved credit quality [6] - Total non-performing assets decreased by 15% to $159 million, with non-accrual loans falling 24% to $134.8 million [6] - Net charge-offs dropped 61% from the prior-year quarter to $8.7 million [6] Capital Ratios - The Tier 1 risk-based capital ratio improved to 10.68%, up from 10.02% in the same period of 2024, while the common equity Tier 1 capital ratio rose to 10.11% from 9.43% [7] Share Repurchase - During the reported quarter, the company repurchased 0.9 million shares [8] Outlook for 2025 - Management anticipates loan growth of 5-6% and core customer deposits to rise by 4-5%, with total deposits projected to increase by 1-2% [9] - NII is expected to grow by 12-13%, while adjusted non-interest income is forecasted to remain stable or grow by 1% [9] - Total non-interest expenses are likely to rise by 3-4%, with an effective tax rate expected between 19-21% [10] Strategic Position - The company's restructuring efforts are expected to support financial performance, with a solid balance sheet positioning it for growth despite rising expenses and a challenging operating environment [11]
Associated Banc-p(ASB) - 2025 Q1 - Earnings Call Transcript
2025-04-25 03:10
Associated Banc-Corp (NYSE:ASB) Q1 2025 Earnings Conference Call April 24, 2025 5:00 PM ET Company Participants Andrew Harmening - President and CEO Derek Meyer - EVP and CFO Patrick Ahern - EVP, CCO, and President, Chicago Market Conference Call Participants Timur Braziler - Wells Fargo Securities Daniel Tamayo - Raymond James Scott Siefers - Piper Sandler Jared Shaw - Barclays Jon Arfstrom - RBC Capital Markets Casey Haire - Autonomous Terry McEvoy - Stephens Chris McGratty - KBW Operator Good afternoon ...
Associated Banc-Corp (ASB) Surpasses Q1 Earnings Estimates
ZACKS· 2025-04-24 22:40
Associated Banc-Corp (ASB) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.51%. A quarter ago, it was expected that this bank holding company would post earnings of $0.55 per share when it actually produced earnings of $0.57, delivering a surprise of 3.64%. Over the last four quart ...