Associated Banc-Corp: 4Q Earnings Snapshot
GREEN BAY, Wis. (AP) _ Associated Banc-Corp (ASB) on Thursday reported fourth-quarter earnings of $89 million.
The bank, based in Green Bay, Wisconsin, said it had earnings of 51 cents per share. Earnings, adjusted for non-recurring gains, were 50 cents per share.
The results beat Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 49 cents per share.
The bank holding company posted revenue of $390 million in the period. Its revenue net of interest expense was $308 million, which missed Street forecasts. Seven analysts surveyed by Zacks expected $311.1 million.
For the year, the company reported profit of $333.6 million, or $1.89 per share. Revenue was reported as $1.51 billion.
Associated Banc-Corp shares have climbed roughly 8 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.31, a drop of 17 percent in the last 12 months.