Associated Banc-Corp (ASB) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Associated Banc-Corp reported revenue of $345.78 million for Q4 2024, a year-over-year increase of 7.3% and exceeding the Zacks Consensus Estimate of $343.34 million by 0.71% [1] - The company achieved an EPS of $0.57, up from $0.53 a year ago, with a surprise of 3.64% compared to the consensus estimate of $0.55 [1] Financial Performance Metrics - Annualized year-to-date net charge offs to year-to-date average loans were 0.2%, better than the estimated 0.3% [4] - Average balance of total earning assets was $38.88 billion, slightly above the estimated $38.75 billion [4] - Net interest margin was reported at 2.8%, below the estimated 2.9% [4] - Total nonperforming assets amounted to $144.16 million, lower than the estimated $148.76 million [4] - Fully tax-equivalent efficiency ratio was 61.1%, higher than the estimated 59.5% [4] - Net interest income (FTE) was $273.97 million, below the estimated $277.90 million [4] - Wealth management fees reached $24.10 million, exceeding the estimated $23.52 million [4] - Service charges and deposit account fees were $13.23 million, slightly above the estimated $13.19 million [4] - Card-based fees totaled $11.95 million, slightly below the estimated $12.03 million [4] - Total noninterest income was $71.82 million, surpassing the estimated $66.70 million [4] - Capital markets net income was $9.03 million, significantly above the estimated $4.59 million [4] - Mortgage banking net income was $3.39 million, exceeding the estimated $2.09 million [4] Stock Performance - Shares of Associated Banc-Corp returned +4.7% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]