Associated Banc-Corp (ASB) Q2 Earnings Meet Estimates

分组1 - Associated Banc-Corp reported quarterly earnings of $0.52 per share, matching the Zacks Consensus Estimate, but down from $0.56 per share a year ago [1] - The company posted revenues of $325.5 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.77% and down from $328.25 million year-over-year [1] - Over the last four quarters, Associated Banc-Corp has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] 分组2 - The stock has gained approximately 8.2% since the beginning of the year, compared to the S&P 500's gain of 13.8% [2] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $341 million, and for the current fiscal year, it is $2.12 on revenues of $1.35 billion [4] - The Zacks Industry Rank for Banks - Midwest is in the top 42% of over 250 Zacks industries, indicating a favorable outlook for the industry [5] 分组3 - The estimate revisions trend for Associated Banc-Corp is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [4] - German American Bancorp, another company in the same industry, is expected to report quarterly earnings of $0.61 per share, reflecting a year-over-year decline of 18.7% [5][6]