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Associated Banc-Corp (ASB) Reports Q4 Earnings: What Key Metrics Have to Say
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Associated Banc-Corp (ASB - Free Report) reported $345.78 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 7.3%. EPS of $0.57 for the same period compares to $0.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $343.34 million, representing a surprise of +0.71%. The company delivered an EPS surprise of +3.64%, with the consensus EPS estimate being $0.55.
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:
Annualized year-to-date net charge offs (recoveries) to year-to-date average loans: 0.2% versus 0.3% estimated by three analysts on average.
Average Balance - Total earning assets: 38.88 billion compared to the 38.75 billion average estimate based on three analysts.
Net Interest Margin: 2.8% compared to the 2.9% average estimate based on three analysts.
Total nonperforming assets: $144.16 million versus $148.76 million estimated by two analysts on average.
Fully tax-equivalent efficiency ratio: 61.1% versus 59.5% estimated by two analysts on average.
Net Interest Income (FTE): $273.97 million versus $277.90 million estimated by three analysts on average.
Wealth management fees: $24.10 million versus $23.52 million estimated by three analysts on average.
Service charges and deposit accounts fees: $13.23 million versus the three-analyst average estimate of $13.19 million.
Card-based fees: $11.95 million compared to the $12.03 million average estimate based on three analysts.
Total Noninterest Income: $71.82 million versus $66.70 million estimated by three analysts on average.
Capital markets, net: $9.03 million versus $4.59 million estimated by three analysts on average.
Mortgage banking, net: $3.39 million compared to the $2.09 million average estimate based on three analysts.
Shares of Associated Banc-Corp have returned +4.7% over the past month versus the Zacks S&P 500 composite's +2.7% 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.
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Associated Banc-Corp (ASB) Reports Q4 Earnings: What Key Metrics Have to Say
Associated Banc-Corp (ASB - Free Report) reported $345.78 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 7.3%. EPS of $0.57 for the same period compares to $0.53 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $343.34 million, representing a surprise of +0.71%. The company delivered an EPS surprise of +3.64%, with the consensus EPS estimate being $0.55.
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:
- Annualized year-to-date net charge offs (recoveries) to year-to-date average loans: 0.2% versus 0.3% estimated by three analysts on average.
- Average Balance - Total earning assets: 38.88 billion compared to the 38.75 billion average estimate based on three analysts.
- Net Interest Margin: 2.8% compared to the 2.9% average estimate based on three analysts.
- Total nonperforming assets: $144.16 million versus $148.76 million estimated by two analysts on average.
- Fully tax-equivalent efficiency ratio: 61.1% versus 59.5% estimated by two analysts on average.
- Net Interest Income (FTE): $273.97 million versus $277.90 million estimated by three analysts on average.
- Wealth management fees: $24.10 million versus $23.52 million estimated by three analysts on average.
- Service charges and deposit accounts fees: $13.23 million versus the three-analyst average estimate of $13.19 million.
- Card-based fees: $11.95 million compared to the $12.03 million average estimate based on three analysts.
- Total Noninterest Income: $71.82 million versus $66.70 million estimated by three analysts on average.
- Capital markets, net: $9.03 million versus $4.59 million estimated by three analysts on average.
- Mortgage banking, net: $3.39 million compared to the $2.09 million average estimate based on three analysts.
View all Key Company Metrics for Associated Banc-Corp here>>>Shares of Associated Banc-Corp have returned +4.7% over the past month versus the Zacks S&P 500 composite's +2.7% 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.