Associated Bank (ASB, Financial) has reported a robust beginning to 2025, marked by significant progress in its strategic objectives. In the first quarter, the bank successfully completed its commercial expansion efforts and achieved a record-high net promoter score, underscoring strong customer satisfaction. Additionally, the bank finalized the balance sheet repositioning that was initially announced in December.
The financial outcomes for this period reflect the positive impact of these initiatives, with the bank experiencing over $500 million in both loan and deposit growth. Moreover, it reported a 16 basis points increase in margin expansion and ten basis points of CET1 capital accretion, all while maintaining solid credit quality trends.
Looking ahead, Associated Bank (ASB, Financial) anticipates continued growth for 2025, with expectations for a 5% to 6% increase in loan growth by the end of the year compared to December 31, 2024. This performance indicates strong momentum and optimism for the company's financial trajectory in the coming months.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Associated Banc-Corp (ASB, Financial) is $27.00 with a high estimate of $29.00 and a low estimate of $25.00. The average target implies an upside of 22.62% from the current price of $22.02. More detailed estimate data can be found on the Associated Banc-Corp (ASB) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Associated Banc-Corp's (ASB, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Associated Banc-Corp (ASB, Financial) in one year is $26.74, suggesting a upside of 21.44% from the current price of $22.02. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Associated Banc-Corp (ASB) Summary page.
