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Associated Banc-Corp: Q1 Earnings Snapshot

April 22, 2021 GMT

GREEN BAY, Wis. (AP) _ Associated Banc-Corp (ASB) on Thursday reported first-quarter net income of $94.3 million.

The Green Bay, Wisconsin-based bank said it had earnings of 58 cents per share.

The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share.

The bank holding company posted revenue of $292.3 million in the period. Its revenue net of interest expense was $275.3 million, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $264.3 million.

Associated Banc-Corp shares have climbed 22% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $20.83, a rise of 77% 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