earnings
confidence high
sentiment negative
materiality 0.80
Associated Banc-Corp Q4 GAAP loss of $1.03 per share; full-year adj. EPS $2.38
ASSOCIATED BANC-CORP
2024-FY EPS reported
$0.72
- Q4 2024 net loss $164M (-$1.03/share) vs loss $94M (-$0.62) in Q4 2023; adjusted earnings $91M ($0.57).
- Nonrecurring items: $130M mortgage portfolio sale loss, $148M investment sale loss, $14M FHLB prepayment loss.
- Full-year GAAP EPS $0.72 vs $1.13 in 2023; adjusted EPS $2.38.
- Total deposit growth $1.2B; adjusted total loan growth $1.3B; net charge-offs / avg loans 0.23%.
- Net interest income $1.0B; noninterest income (loss) $(9)M (adjusted $269M).