Associated Banc-Corp Reports Q4 Loss, Beats Estimates
GREEN BAY, Wis. - Associated Banc-Corp (ASB) announced a fourth-quarter loss of $161.6 million, equivalent to $1.03 per share. Adjusted for non-recurring expenses, earnings came in at 57 cents per share, exceeding analysts' expectations of 55 cents.
Revenue reached $600.5 million, while net interest income amounted to $345.8 million, also surpassing Street forecasts. Analysts had predicted $343.3 million.
ASB shares have gained 6% year-to-date and closed at $25.33 on Thursday, reflecting a 18% increase over the past 12 months.