Associated Banc-Corp: Q4 Earnings Snapshot

Associated Press Finance
01-24

GREEN BAY, Wis. (AP) — GREEN BAY, Wis. (AP) — Associated Banc-Corp (ASB) on Thursday reported a loss of $161.6 million in its fourth quarter.

The bank, based in Green Bay, Wisconsin, said it had a loss of $1.03 per share. Earnings, adjusted for non-recurring costs, came to 57 cents per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 55 cents per share.

The bank holding company posted revenue of $600.5 million in the period. Its revenue net of interest expense was $345.8 million, which also topped Street forecasts. Three analysts surveyed by Zacks expected $343.3 million.

Associated Banc-Corp shares have risen 6% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.33, a climb of 18% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASB at https://www.zacks.com/ap/ASB

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