Associated Banc-Corp (ASB) Q1 Earnings Top as Fee Income Rises
Associated Banc-p(ASB) Zacks Investment Research·2024-04-26 11:56
Associated Banc-Corp’s (ASB) first-quarter 2024 earnings of 52 cents per share beat the Zacks Consensus Estimate of 49 cents. However, the bottom line compared unfavorably with the prior-year quarter’s earnings of 66 cents. The results in the reported quarter include the FDIC special assessment charge.Results benefited from higher non-interest income and a rise in loans and deposit balance. However, a decline in net interest income (NII) and an increase in expenses and provisions were headwinds.Net income a ...