Associated Banc-p(US:ASB) ZACKSยท2024-10-23 14:21Core 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]