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Associated Banc-Corp (ASB) Tops Q3 Earnings Estimates
ZACKS· 2024-10-24 22:35
Associated Banc-Corp (ASB) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.80%. A quarter ago, it was expected that this bank holding company would post earnings of $0.52 per share when it actually produced earnings of $0.52, delivering no surprise.Over the last four quarters, the c ...
Associated Banc-p(ASB) - 2024 Q3 - Earnings Call Presentation
2024-10-24 20:44
Third Quarter 2024 Earnings Presentation OCTOBER 24, 2024 Forward-Looking Statements 1 Important note regarding forward-looking statements: Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Suc ...
Associated Banc-p(ASB) - 2024 Q3 - Quarterly Results
2024-10-24 20:16
Exhibit 99.1 NEWS RELEASE Investor Contact: Ben McCarville, Vice President, Director of Investor Relations 920-491-7059 Media Contact: Andrea Kozek, Senior Manager, Public Relations 920-491-7518 Associated Banc-Corp Reports Third Quarter 2024 Net Income Available to Common Equity of $85 Million, or $0.56 per Common Share GREEN BAY, Wis. -- October 24, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $85 million, or $0.5 ...
Associated Banc-Corp Reports Third Quarter 2024 Net Income Available to Common Equity of $85 Million, or $0.56 per Common Share
Prnewswire· 2024-10-24 20:15
GREEN BAY, Wis., Oct. 24, 2024 /PRNewswire/ --Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $85 million, or $0.56 per common share, for the quarter ended September 30, 2024. These amounts compare to earnings of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024 and earnings of $80 million, or $0.53 per common share, for the quarter ended September 30, 2023."In the first nine months of 2024, we've re ...
Unlocking Q3 Potential of Associated Banc-Corp (ASB): Exploring Wall Street Estimates for Key Metrics
ZACKS· 2024-10-23 14:21
Core Viewpoint - Analysts project that Associated Banc-Corp (ASB) will report quarterly earnings of $0.51 per share, reflecting a year-over-year decline of 3.8%, while revenues are expected to increase by 3.4% to $336.52 million [1] Earnings Estimates - There has been a downward revision of 1.6% in the consensus EPS estimate over the last 30 days, indicating a reconsideration of initial forecasts by analysts [1] - The average balance of total earning assets is estimated to reach $38,615.42 million, compared to $38.08 billion a year ago [2] - Total nonperforming assets are projected at $167.97 million, down from $177.67 million year-over-year [2] - The fully tax-equivalent efficiency ratio is expected to be 60.0%, an increase from 58.5% a year ago [2] Revenue and Income Projections - Net Interest Income (FTE) is forecasted to be $270.49 million, up from $259.05 million in the same quarter last year [3] - Capital markets, net, is estimated at $5.03 million, down from $5.37 million year-over-year [3] - Mortgage banking, net, is expected to decline to $3.08 million from $6.50 million a year ago [3] - Card-based fees are projected at $12.05 million, compared to $11.51 million last year [3] - Service charges and deposit accounts fees are expected to reach $12.01 million, down from $12.86 million in the same quarter last year [3] - Wealth management fees are anticipated to increase to $22.80 million from $20.83 million year-over-year [3] Noninterest Income - Total Noninterest Income is estimated at $66.37 million, slightly down from $66.58 million in the same quarter last year [4] - Other fee-based revenue is projected to reach $5.02 million, up from $4.51 million a year ago [4] Stock Performance - Shares of Associated Banc-Corp have returned +4.8% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [4]
Associated Bank Launches New Deposit Vertical
Prnewswire· 2024-10-22 15:10
Rick Bruhn joins bank as senior vice president and head of Specialty Deposits and Payment Solutions MILWAUKEE, Oct. 22, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) (Associated) Rick Bruhn has joined Associated Bank as senior vice president and head of the Specialty Deposit and Payment Solutions national vertical. Bruhn is responsible for collaborating with internal and external partners to build this new business vertical within the bank. In addition, he is responsible for driving the specialty de ...
Earnings Preview: Associated Banc-Corp (ASB) Q3 Earnings Expected to Decline
ZACKS· 2024-10-17 15:07
The market expects Associated Banc-Corp (ASB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key ...
Associated Banc-Corp to Announce Third Quarter 2024 Earnings and Hold Conference Call on October 24, 2024
Prnewswire· 2024-09-26 22:04
GREEN BAY, Wis., Sept. 26, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced it expects to release third quarter 2024 financial results on Thursday, October 24, 2024, after market close. The Company also expects to host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) on the same day.Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dia ...
Associated Banc-Corp Decreases Prime Rate
Prnewswire· 2024-09-18 20:30
GREEN BAY, Wis., Sept. 18, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB), the holding company for Associated Bank, N.A., announced today it has decreased the bank's prime rate from 8.50 percent to 8.00 percent, effective September 19, 2024.   ABOUT ASSOCIATED BANC-CORP    Associated Banc-Corp (NYSE: ASB) has total assets of $41 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full ...
Associated Banc-Corp: Despite Recent Weaknesses, This Is Still A Bank To Bank On
Seeking Alpha· 2024-08-16 13:24
SDI Productions Earlier this year, in early March to be precise, I wrote an article that took a bullish stance on a financial institution by the name of Associated Banc-Corp (NYSE:ASB). Prior to that point, I had the company rated a 'strong buy' because of the upside I believed that shares offered investors. And from the time I had initially written about the firm and given it that rating in October 2023 through the time that my March 2024 article was published, shares had seen an upside of 27.7%. That dwar ...