Associated Banc-Corp (ASB) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended December 2023, Associated Banc-Corp (ASB) reported revenue of $322.22 million, down 9.4% over the same period last year. EPS came in at $0.53, compared to $0.70 in the year-ago quarter.
The reported revenue represents a surprise of -1.13% over the Zacks Consensus Estimate of $325.89 million. With the consensus EPS estimate being $0.52, the EPS surprise was +1.92%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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:
Net Interest Margin: 2.7% compared to the 2.7% average estimate based on four analysts.
Average Balance - Total earning assets: 38,273.93 million versus 38,434.22 million estimated by four analysts on average.
Net Charge-off (% of Average Loans): 0.2% versus 0.2% estimated by three analysts on average.
Total nonperforming assets: $160.42 million versus the two-analyst average estimate of $184.44 million.
Net Interest Income (FTE): $258.03 million compared to the $263.33 million average estimate based on four analysts.
Wealth management fees: $21 million versus $20.60 million estimated by four analysts on average.
Capital markets, net: $9.11 million compared to the $5.50 million average estimate based on four analysts.
Total Noninterest Income: -$131.01 million compared to the $63.77 million average estimate based on four analysts.
Mortgage banking, net: $1.62 million versus $4.88 million estimated by four analysts on average.
Card-based fees: $11.53 million versus $11.47 million estimated by four analysts on average.
Bank and corporate owned life insurance: $3.38 million versus $2.32 million estimated by four analysts on average.
Service charges and deposit accounts fees: $10.82 million versus the four-analyst average estimate of $12.64 million.
View all Key Company Metrics for Associated Banc-Corp here>>>
Shares of Associated Banc-Corp have returned +0.6% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Associated Banc-Corp (ASB) : Free Stock Analysis Report
