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Associated Banc-Corp (ASB) continues strategic initiatives to bolster loan and deposit balances despite operational challenges impacting asset quality.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
An increase in adjusted non-interest income and higher deposit balance support Associated Banc-Corp's (ASB) Q4 earnings, while lower NII and a rise in expenses and provisions act as spoilsports.
Associated Banc-Corp (ASB) Q4 2023 Earnings Call Transcript
While the top- and bottom-line numbers for Associated Banc-Corp (ASB) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Associated Banc-Corp (ASB), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2023.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
GREEN BAY, Wis. , Dec. 29, 2023 /PRNewswire/ -- December 29, 2023 – Associated Banc-Corp (NYSE: ASB) today announced it will release fourth quarter 2023 financial results on Thursday, January 25, 2024, after market close.
Associated Banc-Corp (ASB) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ASB's 50-day simple moving average broke out above its 200-day moving average; this is known as a "golden cross.
Associated Bank's baby bond is trading at a discount, offering a yield to maturity of over 8.8%. The bank has experienced strong deposit and loan growth, outperforming the industry average. While there are risks to earnings, ASB has sufficient liquidity and can raise more capital if needed.