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Associated Banc-Corp: 3Q Earnings Snapshot

GREEN BAY, Wis. (AP) _ Associated Banc-Corp (ASB) on Thursday reported third-quarter net income of $83.3 million.

The Green Bay, Wisconsin-based bank said it had earnings of 49 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 50 cents per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share.

The bank holding company posted revenue of $392.3 million in the period. Its revenue net of interest expense was $307.2 million, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $311.1 million.

Associated Banc-Corp shares have climbed 2.5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.29, a fall of almost 8% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASB at https://www.zacks.com/ap/ASB