We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Here's What Key Metrics Tell Us About Associated Banc-Corp (ASB) Q3 Earnings
Read MoreHide Full Article
Associated Banc-Corp (ASB - Free Report) reported $325.63 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.3%. EPS of $0.53 for the same period compares to $0.62 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $327.83 million, representing a surprise of -0.67%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Associated Banc-Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Average Balance - Total earning assets: 38,075.61 million versus the four-analyst average estimate of 38,323.75 million.
Net Interest Margin: 2.7% versus the four-analyst average estimate of 2.7%.
Net Charge-off (% of Average Loans): 0.2% compared to the 0.1% average estimate based on three analysts.
Efficiency Ratio: 58.5% versus 58.9% estimated by three analysts on average.
Total nonperforming assets: $177.67 million versus the two-analyst average estimate of $138.67 million.
Total Nonperforming Loans / Nonaccrual loans: $168.56 million versus the two-analyst average estimate of $139.17 million.
Net Interest Income (FTE): $259.05 million versus the four-analyst average estimate of $263.12 million.
Wealth management fees: $20.83 million compared to the $20.49 million average estimate based on four analysts.
Capital markets, net: $5.37 million versus the four-analyst average estimate of $5.24 million.
Total Noninterest Income: $66.58 million compared to the $64.68 million average estimate based on four analysts.
Mortgage banking, net: $6.50 million compared to the $6.09 million average estimate based on four analysts.
Card-based fees: $11.51 million compared to the $11.46 million average estimate based on four analysts.
Shares of Associated Banc-Corp have returned -5.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Here's What Key Metrics Tell Us About Associated Banc-Corp (ASB) Q3 Earnings
Associated Banc-Corp (ASB - Free Report) reported $325.63 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 4.3%. EPS of $0.53 for the same period compares to $0.62 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $327.83 million, representing a surprise of -0.67%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.53.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Associated Banc-Corp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Balance - Total earning assets: 38,075.61 million versus the four-analyst average estimate of 38,323.75 million.
- Net Interest Margin: 2.7% versus the four-analyst average estimate of 2.7%.
- Net Charge-off (% of Average Loans): 0.2% compared to the 0.1% average estimate based on three analysts.
- Efficiency Ratio: 58.5% versus 58.9% estimated by three analysts on average.
- Total nonperforming assets: $177.67 million versus the two-analyst average estimate of $138.67 million.
- Total Nonperforming Loans / Nonaccrual loans: $168.56 million versus the two-analyst average estimate of $139.17 million.
- Net Interest Income (FTE): $259.05 million versus the four-analyst average estimate of $263.12 million.
- Wealth management fees: $20.83 million compared to the $20.49 million average estimate based on four analysts.
- Capital markets, net: $5.37 million versus the four-analyst average estimate of $5.24 million.
- Total Noninterest Income: $66.58 million compared to the $64.68 million average estimate based on four analysts.
- Mortgage banking, net: $6.50 million compared to the $6.09 million average estimate based on four analysts.
- Card-based fees: $11.51 million compared to the $11.46 million average estimate based on four analysts.
View all Key Company Metrics for Associated Banc-Corp here>>>Shares of Associated Banc-Corp have returned -5.5% over the past month versus the Zacks S&P 500 composite's -3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.