Associated Banc-Corp: Q1 Earnings Snapshot

April 21, 2022 GMT

GREEN BAY, Wis. (AP) _ Associated Banc-Corp (ASB) on Thursday reported first-quarter profit of $74.3 million.

The Green Bay, Wisconsin-based bank said it had earnings of 47 cents per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 37 cents per share.

The bank holding company posted revenue of $276.7 million in the period. Its revenue net of interest expense was $262.2 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $268.8 million.

Associated Banc-Corp shares have fallen 3% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $21.87, a climb of roughly 3% in the last 12 months.


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