Associated Banc-Corp reports results for the quarter ended December 31 - Earnings Summary

• Associated Banc-Corp ASB.N reported quarterly adjusted earnings of 57 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 53 cents. The mean expectation of nine analysts for the quarter was for earnings of 54 cents per share. Wall Street expected results to range from 48 cents to 57 cents per share.

• Revenue fell 83.5% to $63.52 million from a year ago; analysts expected $249.68 million.

• Associated Banc-Corp's reported EPS for the quarter was a loss of $1.03​.

• The company reported a quarterly loss of $164.49 million.

• Associated Banc-Corp shares had risen by 6.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 6.9% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the banks peer group is also "hold"

Wall Street's median 12-month price target for Associated Banc-Corp is $28.00

This summary was machine generated from LSEG data January 23 at 10:56 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)