Stock Track | Associated Banc-Corp Soars 18.48% in Pre-Market on Strong Q4 Earnings and Robust Loan Growth

Stock Track
01-24

Associated Banc-Corp (ASB) shares surged 18.48% in the pre-market trading session on Friday, following the bank's impressive fourth-quarter 2024 earnings report and solid loan growth.

The key highlights driving the stock's rally include:

  • Adjusted earnings per share of $0.57 for Q4 2024, beating analysts' estimates and reflecting the strength of its core businesses.
  • Significant growth in core customer deposits, nearly $900 million, and robust adjusted loan growth of over $500 million in Q4 2024.
  • Net interest income increased by $8 million from the previous quarter to $270 million, with net interest margin expanding to 2.81%.
  • Strong performance in commercial and business lending segments, contributing over $300 million to total loan growth.

According to Andrew Harmening, CEO of Associated Banc-Corp, the company's positive results are driven by the successful hiring of high-quality relationship managers and their ramped-up production, particularly in the commercial and industrial (C&I) and asset-based lending businesses. Additionally, improved customer satisfaction scores and household growth have directly impacted deposit growth.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10