Associated Banc-Corp (NYSE:ASB) is set to announce second quarter earning results on Thursday 23rd July 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, ASB to report 2Q20 income of $ 0.31 per share.
For the full year, analysts anticipate top line of $ 1169.51 million, while looking forward to income of $ 0.94 per share bottom line.
Previous Quarter Performance
Associated Banc-Corp announced income for the first quarter of $ 0.28 per share, from the revenue of $ 301.25 million. The quarterly earnings lowered 44.00 percent while revenues reduced 1.79 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.10 per share from $ 294.55 million in revenue. The bottom line results beat street analysts by $ 0.18 or 180.00 percent, at the same time, top line results outshined analysts by $ 6.70 million or 2.27 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of ASB was $ 13.31, representing a 30.11 % increase from the 52 week low of $ 10.23 and a 41.11 % decrease over the 52 week high of $ 22.60.
The company has a market capital of $ 2.05 billion and is part of the Financial Services sector and Banks – Regional – US industry.
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Recent Analyst recommendations
On 9th July 2020, downgraded by Jefferies Financial Group to Hold from Buy rating, with $ 13.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.18 per share on April 28, 2020. The dividend were payable on June 15, 2020 to holders of record as of the close of business on June 1, 2020 and ex-dividend date on May 29, 2020.
Conference Call
Associated Banc-Corp will be hosting a conference call at 5:00 PM eastern time on 23rd July 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.associatedbank.com
Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment offers deposit and cash management solutions, such as commercial checking and interest-bearing deposit products, cash vault and night depository services, liquidity solutions, payables and receivables solutions, and information services; and lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending, and loan syndications. This segment also provides specialized financial services comprising interest rate risk management, foreign exchange solutions, and commodity hedging.
