Associated Banc-Corp: Mortgage Banking Income Decline To Hurt Earnings
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Earnings of Associated Banc-Corp (NYSE: ASB) will likely decrease this year as mortgage banking income declines towards a more normal level. Further, the maturity of fixed-rate loans and replacement with loans carrying lower rates will likely pressurize the net interest margin. On the other hand, normalization of provision expense and loan growth will likely support the bottom line. Overall, I’m expecting Associated Banc-Corp to report earnings of $1.04 per…
