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Recap: Associated Banc Q2 Earnings

Benzinga Insights

Shares of Associated Banc (NYSE:ASB) moved lower by 0.13% in after-market trading after the company reported Q2 results.

Quarterly 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.

Outlook

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

View more earnings on ASB

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%

Company Overview

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.

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