
Associated Banc-Corp (ASB) Stock Forecast & Price Target
Associated Banc-Corp (ASB) Analyst Ratings
Bulls say
Associated Banc-Corp has demonstrated continued organic growth, with period-end loans increasing by 1.0% sequentially to $30.6 billion, supported by notable advancements in commercial and industrial lending and construction sectors. The company has also reported a 14.0% rise in core fee income to $67 million, alongside a reduction in core expenses by 0.6% to $209.4 million, indicating improved efficiency and revenue generation. Furthermore, net interest income increased by 4.9% sequentially to $300.0 million, alongside an improvement in non-performing assets, which enhanced the overall financial health of the institution.
Bears say
Associated Banc-Corp experienced a 3.0% sequential decline in total deposits, primarily due to significant reductions in noninterest bearing and money market balances, indicating potential liquidity and confidence challenges within the bank. The efficiency ratio improved slightly to 55.8% from 58.6%, but the underlying concerns regarding asset quality and economic downturn risks pose significant threats to future earnings and capital stability. Additionally, reductions in commercial real estate balances and the ongoing struggle to generate loan and deposit growth exacerbate the bank's financial outlook, raising concerns about its ability to navigate a challenging margin environment and manage expenses effectively.
This aggregate rating is based on analysts' research of Associated Banc-Corp and is not a guaranteed prediction by Public.com or investment advice.
Associated Banc-Corp (ASB) Analyst Forecast & Price Prediction
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