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Income Statement (USD)
Q1 '24 | QoQ | |
---|---|---|
Revenue | 323M | 163.8% |
Gross Profit | 101M | 173.3% |
Cost of Revenue | 222M | 14.9% |
Operating expense | 63M | 8.5% |
Net Income | 81M | 189.4% |
EBITDA | 378M | 161.4% |
Balance Sheet (USD)
Q1 '24 | QoQ | |
---|---|---|
Total Assets | 41.1B | 0.3% |
Total Liabilities | 37B | 0.3% |
Total Equity | 4.17B | 0.1% |
Shares Outstanding | 151M | 0.2% |
Cash Flow (USD)
Q1 '24 | QoQ | |
---|---|---|
Cash from operations | 155M | 139.1% |
Cash from investing | -275M | 134.9% |
Cash from financing | 49M | 107.6% |
EPS
Financial Highlights for Associated Bank in Q1 '24
Associated Bank reported a revenue of 323M, which is a 163.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 101M, marking a 173.3% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 222M, a -14.9% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 63M, showing a -8.5% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 81M, showing a 189.4% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 378M, showing a 161.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Associated Bank with growth in revenue, gross profit, and net income.