Associated Banc-Corp (ASB) Down 1.1% Despite Q4 Earnings Beat [Yahoo! Finance]
Associated Banc-Corp (ASB)
NASDAQ:AMEX Investor Relations:
investor.associatedbank.com
Company Research
Source: Yahoo! Finance
However, the bottom line compared unfavorably with the prior-year quarter's earnings of 70 cents. Results benefited from higher adjusted non-interest income and a rise in the deposit balance. However, a decline in net interest income (NII), an increase in expenses and provisions and a lower loan balance were headwinds. Hence, because of these concerns, investors turned bearish on the stock, which decreased 1.1% since the release of results last week. Results excluded certain one-time items. After considering those, the net loss available to common shareholders was $93.7 million against the net income of $105.9 million in the year-ago quarter. For 2023, adjusted earnings per share of $2.27 met the consensus estimate. Net income available to common shareholders was $171.5 million, down 52% year over year. Adjusted Revenues Decline, Expenses Rise Adjusted net revenues (FTE basis) were $322.2 million, down 9% year over year. The top line missed the Zacks Consensus Estimate of $3
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ASB
News
- Associated Banc-Corp to Attend Three Second Quarter Investor EventsPR Newswire
- Associated Banc-Corp First Quarter 2024 Earnings: EPS Beats Expectations [Yahoo! Finance]Yahoo! Finance
- Associated Announces Annual Meeting Results and DividendsPR Newswire
- Rodney Jones-Tyson joins Associated Banc-Corp Board of DirectorsPR Newswire
- Associated Banc-Corp (NYSE:ASB) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
ASB
Earnings
- 4/25/24 - Beat
ASB
Sec Filings
- 5/2/24 - Form 8-K
- 5/2/24 - Form 4
- 5/2/24 - Form 3
- ASB's page on the SEC website