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Associated Banc-Corp: Q2 Earnings Snapshot
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GREEN BAY, Wis. (AP) — GREEN BAY, Wis. (AP) — Associated Banc-Corp (ASB) on Thursday reported second-quarter profit of $123.6 million.

The Green Bay, Wisconsin-based bank said it had earnings of 63 cents per share. Earnings, adjusted for costs related to mergers and acquisitions, came to 73 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The bank holding company posted revenue of $703.7 million in the period. Its revenue net of interest expense was $454.6 million, which also beat Street forecasts.

Associated Banc-Corp shares have increased 17% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $30.26, a rise of 17% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ASB at https://www.zacks.com/ap/ASB

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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