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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 ...
Associated Banc-Corp to Attend Two Investor Events in September 2024
Prnewswire· 2024-08-13 20:15
Core Points - Associated Banc-Corp is scheduled to meet with investors at the Raymond James U.S. Bank and Banking on Tech Conferences in Chicago on September 4-5, 2024, and at the Barclays Global Financial Services Conference in New York on September 9-11, 2024, with a presentation on September 10, 2024 [1] - The company has total assets of $42 billion and is the largest bank holding company based in Wisconsin, operating nearly 200 banking locations across Wisconsin, Illinois, and Minnesota [2] Company Overview - Associated Banc-Corp is headquartered in Green Bay, Wisconsin, and offers a full range of financial products and services [2] - The company also operates loan production offices in several states including Indiana, Michigan, Missouri, New York, Ohio, and Texas [2] Investor Relations - Interested parties can access a live webcast of the presentation through the Investor Relations section of the company's website, with a replay available for 90 days post-presentation [1] - Third quarter investor materials will be made available prior to the events and can also be accessed through the Investor Relations section of the company's website [1]
Associated Banc-p(ASB) - 2024 Q2 - Quarterly Report
2024-07-30 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: June 30, 2024 ☐ 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 (920) 491-7500 (Registrant's telephone number, including area code) (not applicable) ...
Associated Banc-Corp Announces Dividends
Prnewswire· 2024-07-30 20:15
GREEN BAY, Wis., July 30, 2024 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.22 per common share, payable on September 16, 2024, to shareholders of record at the close of business on September 3, 2024.The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on September 16, 2024, to shareholders ...
Associated Banc-Corp (ASB) Q2 Earnings In Line, NII Declines
ZACKS· 2024-07-26 15:15
Associated Banc-Corp’s (ASB) second-quarter 2024 adjusted earnings of 52 cents per share met the Zacks Consensus Estimate. However, the bottom line compared unfavorably with the prior-year quarter’s earnings of 56 cents per share.Results benefited from a higher loan balance. However, a decline in net interest income (NII), non-interest income, and an increase in expenses and provisions were headwinds.Net income available to common shareholders (GAAP basis) was $113 million, up 34.5% from the year-ago quarte ...