Zacks Research Boosts Earnings Estimates 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) - Stock analysts at Zacks Research raised their Q3 2025 earnings estimates for Associated Banc in a report released on Thursday, August 14th. Zacks Research analyst Team now forecasts that the bank will earn $0.63 per share for the quarter, up from their prior estimate 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 posted its quarterly earnings data on Thursday, July 24th. The bank reported $0.65 earnings per share for the quarter, topping analysts' consensus estimates of $0.62 by $0.03. Associated Banc had a net margin of 5.79% and a return on equity of 8.86%. The company had revenue of $366.98 million during the quarter, compared to analysts' expectations of $362.78 million. During the same period in the prior year, the business posted $0.52 earnings per share.

Other equities research analysts have also issued research reports about the stock. Truist Financial upped their target price on shares of Associated Banc from $26.00 to $27.00 and gave the stock a "hold" rating in a report on Monday, July 28th. Barclays upped 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 upped 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. Piper Sandler upped their target price on shares of Associated Banc from $24.00 to $27.00 and gave the stock a "neutral" rating in a report on Friday, July 25th. Finally, Raymond James Financial reaffirmed an "outperform" rating and set a $27.00 target price on shares of Associated Banc in a report on Monday, April 28th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Associated Banc has a consensus rating of "Hold" and an average target price of $27.78.

Associated Banc Price Performance

Associated Banc stock opened at $24.87 on Monday. Associated Banc has a 52-week low of $18.32 and a 52-week high of $28.18. The firm has a market capitalization of $4.12 billion, a price-to-earnings ratio of 32.30, a PEG ratio of 0.96 and a beta of 0.84. The company has a fifty day simple moving average of $24.67 and a 200-day simple moving average of $23.46. 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 Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System lifted its stake in Associated Banc by 0.3% in the second quarter. California State Teachers Retirement System now owns 154,933 shares of the bank's stock worth $3,779,000 after acquiring an additional 394 shares during the last quarter. Hancock Whitney Corp raised its holdings in Associated Banc by 0.7% during the fourth quarter. Hancock Whitney Corp now owns 58,001 shares of the bank's stock worth $1,386,000 after purchasing an additional 401 shares in the last quarter. NewEdge Advisors LLC lifted its position in shares of Associated Banc by 13.1% during the 4th quarter. NewEdge Advisors LLC now owns 3,518 shares of the bank's stock worth $84,000 after buying an additional 408 shares during the last quarter. US Bancorp DE lifted its position in shares of Associated Banc by 0.6% during the 2nd quarter. US Bancorp DE now owns 80,262 shares of the bank's stock worth $1,958,000 after buying an additional 450 shares during the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its position in shares of Associated Banc by 1.5% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 33,238 shares of the bank's stock worth $749,000 after buying an additional 500 shares during the last quarter. Hedge funds and other institutional investors own 82.98% of the company's stock.

Associated Banc Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a $0.23 dividend. The ex-dividend date is Tuesday, September 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 3.7%. Associated Banc's payout ratio is currently 119.48%.

Associated Banc Company Profile

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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