Associated Banc Q3 EPS Forecast Lifted by Zacks Research

Key Points

• Zacks Research has raised its Q3 2025 earnings per share estimate for Associated Banc-Corp to $0.64, up from a prior estimate of $0.63.
• The bank's last quarterly earnings report showed an EPS of $0.65, beating estimates and reporting revenue of $366.98 million.
• Associated Banc recently announced a quarterly dividend of $0.23 per share, which represents an annualized yield of 3.6%.

Associated Banc-Corp (NYSE:ASB - Free Report) - Stock analysts at Zacks Research increased their Q3 2025 earnings per share (EPS) estimates for Associated Banc in a note issued to investors on Wednesday, September 17th. Zacks Research analyst Team now forecasts that the bank will post earnings of $0.64 per share for the quarter, up from their prior forecast of $0.63. The consensus estimate for Associated Banc's current full-year earnings is $2.43 per share. Zacks Research also issued estimates for Associated Banc's Q4 2025 earnings at $0.67 EPS, FY2025 earnings at $2.55 EPS, FY2026 earnings at $2.73 EPS, Q1 2027 earnings at $0.71 EPS and FY2027 earnings at $2.76 EPS.

Associated Banc (NYSE:ASB - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The bank reported $0.65 EPS for the quarter, beating analysts' consensus estimates of $0.62 by $0.03. The business had revenue of $366.98 million during the quarter, compared to the consensus estimate of $362.78 million. Associated Banc had a return on equity of 8.86% and a net margin of 5.79%.During the same quarter in the previous year, the firm earned $0.52 earnings per share.

A number of other research analysts also recently commented on the company. Piper Sandler boosted their price target on Associated Banc from $24.00 to $27.00 and gave the company a "neutral" rating in a research note on Friday, July 25th. Royal Bank Of Canada increased their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock a "sector perform" rating in a report on Friday, July 25th. Barclays increased their target price on shares of Associated Banc from $28.00 to $30.00 and gave the stock an "equal weight" rating in a report on Monday, July 28th. Keefe, Bruyette & Woods increased their target price on shares of Associated Banc from $27.00 to $28.00 and gave the stock a "market perform" rating in a report on Friday, July 25th. Finally, Wells Fargo & Company increased their target price on shares of Associated Banc from $28.00 to $30.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, Associated Banc has an average rating of "Hold" and an average price target of $27.78.

Associated Banc Stock Up 1.1%

ASB stock opened at $25.92 on Thursday. The company has a market cap of $4.30 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 0.99 and a beta of 0.84. The business has a 50-day simple moving average of $25.60 and a 200 day simple moving average of $23.69. Associated Banc has a 52 week low of $18.32 and a 52 week high of $28.18. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 0.98.

Institutional Trading of Associated Banc

Large investors have recently modified their holdings of the stock. Hantz Financial Services Inc. grew its position in shares of Associated Banc by 2,033.9% during the 2nd quarter. Hantz Financial Services Inc. now owns 1,195 shares of the bank's stock worth $29,000 after buying an additional 1,139 shares during the period. EverSource Wealth Advisors LLC grew its position in shares of Associated Banc by 345.5% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,350 shares of the bank's stock worth $33,000 after buying an additional 1,047 shares during the period. Bayforest Capital Ltd acquired a new stake in shares of Associated Banc during the 2nd quarter worth approximately $34,000. Versant Capital Management Inc grew its position in shares of Associated Banc by 385.5% during the 1st quarter. Versant Capital Management Inc now owns 1,612 shares of the bank's stock worth $36,000 after buying an additional 1,280 shares during the period. Finally, Quarry LP grew its position in Associated Banc by 77.7% in the 1st quarter. Quarry LP now owns 1,907 shares of the bank's stock valued at $43,000 after purchasing an additional 834 shares during the period. Institutional investors and hedge funds own 82.98% of the company's stock.

Insider Transactions at Associated Banc

In other news, EVP Patrick Edward Ahern sold 3,342 shares of the firm's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $26.20, for a total transaction of $87,560.40. Following the completion of the sale, the executive vice president owned 41,472 shares of the company's stock, valued at $1,086,566.40. This trade represents a 7.46% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Matthew R. Braeger sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 9th. The stock was sold at an average price of $26.34, for a total transaction of $52,680.00. Following the sale, the executive vice president directly owned 13,346 shares of the company's stock, valued at approximately $351,533.64. This trade represents a 13.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 18,342 shares of company stock valued at $494,360 in the last quarter. 1.45% of the stock is currently owned by company insiders.

Associated Banc Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd were given a dividend of $0.23 per share. This represents a $0.92 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend was Tuesday, September 2nd. Associated Banc's dividend payout ratio is currently 119.48%.

About Associated Banc

Associated Banc-Corp, a bank holding company, provides various banking and nonbanking products to individuals and businesses in Wisconsin, Illinois, and Minnesota. The company offers lending solutions, including commercial loans and lines of credit, commercial real estate financing, construction loans, letters of credit, leasing, asset based lending and equipment finance, loan syndications products, residential mortgages, home equity loans and lines of credit, personal and installment loans, auto finance and business loans, and business lines of credit.

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