Revenue Update on Associated Banc Corp(NYSE:ASB)

Associated Banc Corp(NYSE:ASB) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 21, 2016. Company reported revenue of $258.88M. Analysts estimated a revenue of $260.22M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.31.

Associated Banc Corp (ASB) made into the market gainers list on Wednesdays trading session with the shares advancing 1.18% or 0.21 points. Due to strong positive momentum, the stock ended at $18, which is also near the day’s high of $18. The stock began the session at $17.89 and the volume stood at 9,22,983 shares. The 52-week high of the shares is $20.9 and the 52 week low is $15.45. The company has a current market capitalization of $2,702 M and it has 15,01,36,400 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Moral-niles Christopher Del (Chief Financial Officer) sold 5,000 shares at $17.87 per share price.Also, On Jun 3, 2016, John A. Utz (Executive Vice President) sold 6,000 shares at $18.80 per share price.On Jun 1, 2016, William R Hutchinson (director) sold 5,782 shares at $18.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Associated Banc-Corp (Associated) is a bank holding company. The Company through its banking subsidiary Associated Bank National Association (Associated Bank) and various nonbanking subsidiaries provides a range of banking and non-banking products and services to individuals and businesses. The Company operates through three segments: Corporate and Commercial Specialty; Community Consumer and Business and Risk Management and Shared Services. The Corporate and Commercial Specialty segment serves a range of customers including businesses developers non-profits municipalities and financial institutions. The Community Consumer and Business segment serves individuals as well as small and mid-sized businesses. The Risk Management and Shared Services segment includes Corporate Risk Management Credit Administration Finance Treasury Operations and Technology.

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