Wall Street Prepares for Associated Banc-Corp’s Q4 Earnings Report

Analysts expect Associated Banc-Corp to report solid earnings and revenue growth in Q4

Wall Street Prepares for Associated Banc-Corp’s Q4 Earnings Report
Wall Street Prepares for Associated Banc-Corp’s Q4 Earnings Report

Green Bay: So, Associated Banc-Corp is gearing up to release its Q4 earnings soon. Analysts are buzzing about it, predicting earnings of about $0.55 per share. That’s a nice little bump of 3.8% from last year. They’re also looking at revenues hitting around $343.34 million, which is a 6.6% increase. Pretty solid, right?

Interestingly, the earnings estimates have been nudged up by about 4.4% in the last month. It seems like the analysts are getting more optimistic as the date approaches. This kind of revision can really give us a clue about how investors might react once the numbers are out.

Now, before the big reveal, it’s always good to check out what the analysts are saying about key metrics. For instance, they think the average balance of total earning assets will be around $38.75 billion, up from $38.27 billion last year. That’s a good sign!

They’re also estimating that total nonperforming assets will drop to $148.76 million, down from $160.42 million last year. That’s a positive trend, showing the company is managing its assets better.

When it comes to the efficiency ratio, analysts expect it to be around 59.5%, a nice improvement from 64.1% last year. And for net interest income, they’re predicting $277.90 million, up from $258.03 million last year. Looks like they’re on the right track!

Other metrics like bank and corporate-owned life insurance are expected to reach $4.08 million, which is also an increase from last year’s $3.38 million. However, capital markets are projected to come in lower at $4.59 million, down from $9.11 million last year. That’s something to keep an eye on.

On the fees side, card-based fees are expected to hit $12.03 million, up from $11.53 million last year. Service charges and deposit account fees are also looking good at $13.19 million, compared to $10.82 million last year. Wealth management fees are projected to reach $23.52 million, up from $21 million last year.

Lastly, other fee-based revenue is expected to be around $5.04 million, which is a nice jump from $4.02 million last year. Overall, it seems like Associated Banc-Corp is in a good position heading into this earnings report.

In the past month, shares of ASB have gone up by 5.6%, while the broader market has dipped a bit. With a Zacks Rank of #3, it looks like ASB is set to follow the market’s lead in the near future. Exciting times ahead!

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