Zacks Research Predicts Higher Earnings for Associated Banc

Key Points

• Zacks Research has revised its Q3 2025 earnings estimate for Associated Banc to $0.63 per share, up from a previous estimate of $0.62, and forecasts full-year earnings of $2.43 per share.
• The bank reported Q2 earnings of $0.65 per share, exceeding analysts' expectations, with a net margin of 5.79% and a revenue of $366.98 million for the quarter.
• Associated Banc has declared a quarterly dividend of $0.23 per share, scheduled for payment on September 15th, reflecting an annualized yield of 3.7%.

Associated Banc-Corp (NYSE:ASB - Free Report) - Research analysts at Zacks Research lifted their Q3 2025 EPS estimates for shares of Associated Banc in a report released on Thursday, August 14th. Zacks Research analyst Team now anticipates that the bank will post earnings of $0.63 per share for the quarter, up from their previous forecast of $0.62. 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 $0.66 EPS, FY2025 earnings at $2.53 EPS, Q2 2026 earnings at $0.68 EPS, Q4 2026 earnings at $0.73 EPS, FY2026 earnings at $2.72 EPS and Q2 2027 earnings at $0.71 EPS.

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

ASB has been the topic of several other research reports. Robert W. Baird boosted their price objective on Associated Banc from $27.00 to $28.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Royal Bank Of Canada lifted their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Truist Financial lifted their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock a "hold" rating in a research report on Monday, July 28th. Barclays lifted their target price on shares of Associated Banc from $28.00 to $30.00 and gave the stock an "equal weight" rating in a research report on Monday, July 28th. Finally, Piper Sandler lifted their target price on shares of Associated Banc from $24.00 to $27.00 and gave the stock a "neutral" rating in a research report on Friday, July 25th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $27.78.

Associated Banc Price Performance

Shares of ASB traded up $1.2840 during mid-day trading on Monday, hitting $26.4940. The company's stock had a trading volume of 1,544,087 shares, compared to its average volume of 1,430,906. The firm has a 50-day moving average price of $24.86 and a 200 day moving average price of $23.51. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 0.97 and a beta of 0.84. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.92 and a quick ratio of 0.91. Associated Banc has a fifty-two week low of $18.32 and a fifty-two week high of $28.18.

Associated Banc Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 2nd. Associated Banc's dividend payout ratio is 119.48%.

Institutional Trading of Associated Banc

A number of hedge funds have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in shares of Associated Banc by 1.6% in the second quarter. Geode Capital Management LLC now owns 4,151,111 shares of the bank's stock worth $101,256,000 after purchasing an additional 67,219 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Associated Banc by 139.1% in the first quarter. Goldman Sachs Group Inc. now owns 2,748,667 shares of the bank's stock worth $61,927,000 after purchasing an additional 1,598,951 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in Associated Banc by 3.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,321,120 shares of the bank's stock worth $52,295,000 after buying an additional 72,685 shares during the last quarter. Northern Trust Corp increased its holdings in Associated Banc by 19.9% in the fourth quarter. Northern Trust Corp now owns 2,182,882 shares of the bank's stock worth $52,171,000 after buying an additional 362,267 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Associated Banc by 87.7% in the fourth quarter. First Trust Advisors LP now owns 1,997,553 shares of the bank's stock worth $47,742,000 after buying an additional 933,062 shares during the last quarter. 82.98% of the stock is owned by hedge funds and other institutional investors.

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.