Associated Banc-Corp Q3 Earnings Beat as NII Rises, Provisions Fall [Yahoo! Finance]
Associated Banc-Corp (ASB)
NASDAQ:AMEX Investor Relations:
investor.associatedbank.com
Company Research
Source: Yahoo! Finance
Also, the bottom line compared favorably with 53 cents earned in the prior-year quarter. See the Zacks Earnings Calendar to stay ahead of market-making news Results benefited from higher loans and deposit balance, which along with relatively high interest rates, supported net interest income (NII). Further, an increase in non-interest income and lower provisions act as tailwinds. However, higher expenses were the undermining factor. Net income available to common shareholders was $85.1 million, up 6% from the year-ago quarter. Our estimate for the metric was $73.8 million. Total revenues were $329.7 million, up 3% year over year. However, the top line missed the Zacks Consensus Estimate of $366.52 million. NII was $262.5 million, up 3%. The net interest margin was 2.78%, up 7 basis points (bps) year over year. We had expected NII and net interest yield to be $266.1 million and 2.81%, respectively. Non-interest income was $67.2 million, up 1%. The rise was largely due to hi
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ASB
Earnings
- 10/24/24 - Beat
ASB
Sec Filings
- 11/18/24 - Form 8-K
- 11/18/24 - Form 4
- 11/18/24 - Form 4
- ASB's page on the SEC website