Shares of Associated Banc (NYSE:ASB) moved lower by 0.13% in after-market trading after the company reported Q2 results.
Earnings per share fell 49.02% over the past year to $0.26, which missed the estimate of $0.31.
Revenue of $444,362,000 rose by 43.59% year over year, which beat the estimate of $296,340,000.
Earnings guidance hasn't been issued by the company for now.
Revenue guidance hasn't been issued by the company for now.
Conference Call Details
Date: Jul 23, 2020
Time: 05:00 PM
ET Webcast URL: http://public.viavid.com/player/index.php?id=140503
Recent Stock Performance
52-week high: $22.60
Company's 52-week low was at $10.23
Price action over last quarter: Up 6.67%
Associated Banc-Corp is Wisconsin's second- largest bank with more than $20 billion in assets and nearly 300 offices. Half of its loans are in its home state, followed by 20% and 15% in neighboring Illinois and Minnesota, respectively. The rest are among 40 other states. About 30% of its portfolio is commercial real estate and construction loans. General commercial loans, home equity lines, and residential mortgages account for roughly 25%, 20%, and 20%, respectively.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.