ASB Earnings Prediction
The chart below shows how ASB performed 10 days before and after its earnings report, based on data from the past quarters. Typically, ASB sees a -3.99% change in stock price 10 days leading up to the earnings, and a +0.71% change 10 days following the report. On the earnings day itself, the stock moves by -0.23%. This data can give you a slight idea of what to expect for the next quarter's release.
ASB Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
60.90M
-49.12%
-81.42%
Gross Margin
--
--
--
Operating Margin
-289.29%
225.74%
-951.35%
Net Margin
-265.40%
249.76%
-1088.09%
EPS
-1.04
-67.74%
-285.71%
No Data Available
ASB Earnings Analysis
Associated Banc-Corp Corporation (ASB.N) Earnings Conference Call
Positive
Customer Deposit Growth: Core customer deposits grew by over 2% from the prior quarter and the same period last year, enabling a 2% reduction in wholesale funding balances.
Loan Growth Surge: Total loans increased by $373 million during the quarter, driven by growth in C&I and auto verticals, reflecting a strong demand for lending.
Net Interest Income Increase: Net interest income (NII) rose by $6 million from the previous quarter, supported by a 3 basis point increase in net interest margin to 2.78%.
Wealth Management Fee Increase: Wealth management fees increased by $2 million compared to the previous quarter, contributing to a total non-interest income of $67 million, a 3% increase from Q2.
CET1 Ratio Improvement: The Common Equity Tier 1 (CET1) ratio improved to 9.72%, a 33 basis point increase from the end of 2023, indicating a strengthened capital position.
Negative
Non-Interest Expense Increase: Total non-interest expense increased to $201,000,000 for the quarter, reflecting a $5,000,000 increase compared to the prior quarter, driven primarily by increases in legal, professional, and FDIC assessment costs.
Loan Classification Increase: Total criticized and classified loans increased from the prior quarter, primarily driven by migration within CRE loans, indicating potential credit stress despite management's reassurances.
Customer Deposit Growth Outlook: Core customer deposit growth is now expected to finish 2024 at the lower end of the original 3% to 5% growth range, suggesting weaker performance than previously anticipated.
Net Interest Income Stagnation: Net interest income growth is now projected to be between 0% and 1% for 2024, indicating stagnation in income generation amid a challenging rate environment.
Loan Growth Expectations: The company expects total loan growth to land at the lower end of the original range of 4% to 6% in 2024, reflecting a slowdown in lending activity.
ASB FAQs
How does ASB typically perform around its earnings report dates?
Is Earnings call transcript: Associated Banc-Corp beats Q4 2024 EPS forecast positive or negative?
How can historical earnings data help predict future stock performance?
ASB Earning Call Sentiment
Earnings call transcript: Associated Banc-Corp beats Q4 2024 EPS forecast
ASB.N
-2.63%Positive
The earnings call presents a mixed picture: moderate growth in net interest income and core deposits, but limited guidance and concerns over criticized loans. While there is positive sentiment from wealth management and loan growth, the lack of a clear shareholder return plan and uncertain economic factors balance these out. The bank's market cap suggests moderate sensitivity to changes, leading to a neutral stock price prediction.
