Associated Banc-Corp reports results for the quarter ended June 30 - Earnings Summary

• Associated Banc-Corp ASB.N reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of ten analysts for the quarter was for earnings of 62 cents per share. Wall Street expected results to range from 59 cents to 65 cents per share.

• Revenue rose 14.1% to $366.98 million from a year ago; analysts expected $362.49 million.

• Associated Banc-Corp's reported EPS for the quarter was 65 cents​.

• The company reported quarterly net income of $108.36 million.

• Associated Banc-Corp shares had risen by 6.2% this quarter and gained 8.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.9% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for Associated Banc-Corp is $27.00, about 6.4% above its last closing price of $25.27

This summary was machine generated from LSEG data July 24 at 09:43 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)