Welcome to our dedicated page for Associated Banc news (Ticker: ASB), a resource for investors and traders seeking the latest updates and insights on Associated Banc stock.
About Associated Banc-Corp (NYSE: ASB)
Headquartered in Green Bay, Wisconsin, Associated Banc-Corp is a prominent Midwest bank holding company and one of the top 50 publicly traded financial institutions in the United States. With a history rooted in community banking, the company operates nearly 200 banking locations across Wisconsin, Illinois, and Minnesota, while also maintaining a presence in Indiana, Michigan, Missouri, New York, Ohio, and Texas through its loan production offices. Associated Banc-Corp is the largest bank holding company based in Wisconsin, reflecting its deep ties to the region and its commitment to serving local communities.
Core Business Segments
Associated Banc-Corp operates through three primary business segments:
- Corporate and Commercial Specialty: This segment focuses on providing tailored financial services to corporate clients, including commercial lending, treasury management, and specialized industry solutions.
- Community, Consumer, and Business: This segment serves individual and small business customers, offering a broad range of products such as personal banking, mortgages, small business loans, and wealth management services.
- Risk Management and Shared Services: This segment supports the company’s operations through risk management, compliance, and shared service functions, ensuring operational efficiency and regulatory adherence.
Revenue Model and Financial Services
The company generates the majority of its revenue through interest income derived from loans and deposits, supplemented by noninterest income from services such as wealth management, treasury operations, and fees. Its diversified portfolio includes commercial loans, residential mortgages, and consumer lending products, catering to a wide range of customer needs.
Strategic Initiatives
Associated Banc-Corp has demonstrated a commitment to strategic growth and operational efficiency. Recent initiatives include balance sheet repositioning to optimize capital allocation, investments in digital banking platforms to enhance customer experience, and a focus on expanding its commercial banking team to deepen market penetration. These efforts align with the company’s vision of becoming the most admired Midwestern financial services provider, distinguished by value-added solutions and exceptional customer service.
Market Position and Competitive Landscape
Operating in a competitive Midwest banking sector, Associated Banc-Corp differentiates itself through its regional focus, comprehensive service offerings, and emphasis on customer satisfaction. It faces competition from both regional banks and larger national institutions. However, its strong community ties, industry-leading customer satisfaction scores, and strategic investments position it as a resilient player in the financial services industry.
Commitment to Community and Sustainability
Associated Banc-Corp is deeply committed to community engagement and sustainable practices. The company actively supports local economic development, affordable housing initiatives, and financial literacy programs. As an Equal Housing Lender and Equal Opportunity Lender, it prioritizes inclusivity and accessibility in its services.
Conclusion
With a robust regional presence, diversified business model, and strategic focus on growth and customer satisfaction, Associated Banc-Corp is a key player in the Midwest banking landscape. Its commitment to operational excellence, digital innovation, and community engagement underscores its long-term value proposition for customers and stakeholders alike.
Associated Banc-Corp (NYSE: ASB) announced the redemption of all outstanding Depositary Shares representing interests in its 5.375% Perpetual Preferred Stock, Series D, effective September 15, 2021. There are currently 3,978,320 Depositary Shares to be redeemed at $25 each, plus any declared and unpaid dividends. The notice of redemption was sent to holders on August 5, 2021, and payments will be processed through The Depository Trust Company by Equiniti Trust Company. Associated Banc-Corp is Wisconsin's largest bank holding company, with total assets of $34 billion.
The Board of Directors of Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share, up from $0.18, payable on September 15, 2021. Shareholders of record by September 1, 2021 will receive this increase. Additionally, dividends for preferred stocks include $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, also payable on September 15, 2021. Associated Banc-Corp is Wisconsin's largest bank holding company with total assets of $34 billion.
Associated Banc-Corp (NYSE: ASB) reported a net income of $86 million or $0.56 per share for Q2 2021, a decrease from $145 million or $0.94 per share in Q2 2020. The results reflect an improving credit environment, with total loans (excluding PPP) up $216 million to $23.5 billion, despite a decrease in deposits of $413 million to $27.3 billion. Net interest income rose $4 million to $180 million. The company anticipates full-year commercial loan growth of 2% to 4% in 2021.
Associated Banc-Corp (NYSE: ASB) has announced the promotion of John P. Thayer to executive vice president and head of Wealth Management. Thayer, who joined the company in 2000, previously served as chief investment officer and will now lead a comprehensive suite of wealth management services. His background includes a Bachelor of Arts in economics from the University of Michigan and professional designations as a Chartered Financial Analyst and CERTIFIED FINANCIAL PLANNER. This leadership change aims to enhance the company's wealth management offerings to clients.
Associated Banc-Corp (NYSE: ASB) will release its second quarter 2021 financial results on July 22, 2021, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT on the same day, accessible via the Investor Relations section of their website. The bank, with total assets of $35 billion, is Wisconsin's largest bank holding company, operating over 220 locations across Wisconsin, Illinois, and Minnesota, among others.
Associated Banc-Corp (NYSE: ASB), Wisconsin's largest bank holding company with total assets of $35 billion, announced that it will participate in two investor events. The first is the KBW Virtual Chicago Bank Field Trip on June 3, 2021, followed by the Piper Sandler Virtual Upper Midwest Bank Field Trip on June 7-8, 2021. Investor presentation materials will be available on their website before the events. Associated provides a wide range of financial services through over 220 locations across the Midwest.
Associated Banc-Corp (NYSE:ASB) announced the redemption of its 3.500% Fixed Rate Senior Notes due 2021, totaling $300 million. The redemption will be executed on July 13, 2021, at 100% of the principal amount plus accrued interest. Associated Banc-Corp, Wisconsin's largest bank holding company with total assets of $35 billion, operates more than 220 banking locations across several states, offering a diverse range of financial services.
Associated Banc-Corp (NYSE: ASB) reported a first quarter 2021 net income of $89 million or $0.58 per share, a significant increase from $62 million in Q4 2020 and $42 million in Q1 2020. Average loans rose by 5% to $24.5 billion, while average deposits increased by 10% to $26.8 billion. Noninterest expenses decreased by 9%, but net interest income fell by 13%. The company facilitated $293 million in new PPP loans and expects modest loan growth for 2021.
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