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Overview of Associated Banc-Corp (NYSE: ASB)
Associated Banc-Corp is a prominent bank holding company in the Midwest, renowned for its comprehensive suite of financial services and its strong operational footprint across the region. As a key player in the banking and commercial lending space, the company provides both banking and nonbanking products with an unwavering commitment to delivering personalized service and robust financial solutions. With a network of nearly 200 banking locations spanning Wisconsin, Illinois, Minnesota, and extended operations in several other states, Associated Banc-Corp successfully serves a diverse customer base comprising individuals, small to mid-size businesses, and commercial enterprises.
Core Business Segments and Operations
Operating through its subsidiaries, the company is organized into three distinct reportable segments that underline its diverse revenue model and operational depth:
- Corporate and Commercial Specialty: This segment focuses on sophisticated financial products tailored for businesses and commercial clients. It leverages expertise in commercial lending, treasury management, and specialized financing solutions to cater to the evolving needs of corporate customers.
- Community, Consumer, and Business: Catering to a broad spectrum of retail and small business customers, this segment offers a complete range of consumer products, including deposit accounts, personal loans, mortgages, and other essential banking services. Its extensive branch network ensures localized service and strong community ties.
- Risk Management and Shared Services: Providing the operational backbone for the organization, this segment ensures that risk is effectively managed across all business units while delivering critical back-office support and shared services that drive efficiency and maintain regulatory compliance.
Associated Banc-Corp (NYSE: ASB) announced that key executives will meet with investors at the 2021 KBW Winter Financial Services Symposium from February 10-12, 2021. Attendees include President and CEO Philip Flynn and CFO Christopher J. Del Moral-Niles. A first-quarter investor presentation will be available on the company's website prior to the event. Associated Banc-Corp is a leading Midwest bank holding company, operating over 220 locations in several states, with a commitment to providing comprehensive financial services.
On Jan. 5, 2021, Associated Banc-Corp (NYSE: ASB) announced a strategic partnership with Rockefeller Capital Management, involving the sale of its wealth management subsidiary, Whitnell & Co. This transaction will position Associated Bank as a Midwest mortgage lending referral partner and Associated Trust Company as a provider of third-party trust solutions for Rockefeller. Whitnell, managing $1.4 billion in client assets, will become Rockefeller's primary Midwest office. The deal is expected to close in March 2021, enhancing Rockefeller's presence in the Midwest market.
Associated Banc-Corp (NYSE: ASB) will announce its fourth quarter 2020 financial results on January 21, 2021, after market close. The company will host a conference call for investors at 4:00 p.m. Central Time on the same day. Interested parties can access the live webcast through the Investor Relations section of its website or dial into the call. Associated Banc-Corp reported total assets of nearly $35 billion and operates more than 220 banking locations across various U.S. states.
Associated Banc-Corp (NYSE: ASB) will participate in the 2020 Bank of America Securities Future of Financials Virtual Conference on November 9-10, 2020. Key executives, including President and CEO Philip Flynn, will present to investors at 9:40 EST on November 10. The fourth quarter investor presentation will be available at 8:00 am EST on November 9 via the company’s website. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has total assets of $35 billion and operates over 240 banking locations across the Midwest.
Associated Banc-Corp (NYSE: ASB) announced on November 2, 2020, that Tammy Stadler has been appointed to its executive committee, effective November 1, 2020. As executive vice president and corporate controller, she will oversee financial information and compliance with accounting standards. Stadler, who joined Associated in 1996 and has been corporate controller since 2013, is recognized for her significant contributions to the company's leadership. Associated Banc-Corp operates with total assets of $35 billion and serves multiple states across the Midwest.
Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on December 15, 2020, to shareholders of record by December 1, 2020. Additionally, dividends for its preferred stock series were announced: $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date to the same record date. Associated Banc-Corp maintains assets totaling $35 billion and operates over 240 locations across multiple states.
Associated Banc-Corp (NYSE: ASB) reported a net income of $40 million, or $0.26 per share, for Q3 2020, down from $80 million or $0.49 per share a year ago. Year-to-date earnings reached $227 million, or $1.46 per share, slightly down from $243 million, or $1.48 per share for the same period last year. The company plans to reduce run-rate expenses by $40 million while improving net interest income by $20 million.
Associated Banc-Corp (NYSE: ASB) will release its third quarter 2020 financial results on October 22, 2020, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT the same day, accessible via a live webcast on the company's Investor Relations website or by phone. Associated Banc-Corp, a leading Midwest bank holding company with total assets of $36 billion, operates over 240 locations across Wisconsin, Illinois, Minnesota, and commercial services in several other states.
Associated Banc-Corp (NYSE: ASB) will present at the 2020 Barclays Global Financial Services Conference on September 14, 2020. Key executives, including Philip Flynn, Christopher J. Del Moral-Niles, and Dave Stein, will engage with investors. A comprehensive investor presentation is set to be available at 7:00 am CST on the same day through the company's website. With total assets of $36 billion, Associated is among the top 50 publicly traded U.S. bank holding companies, serving multiple states across the Midwest.
On July 27, 2020, Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on September 15, 2020, to shareholders of record as of September 1, 2020. Additionally, dividends for various series of preferred stock were announced, including $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date. Associated has total assets of $36 billion and operates over 240 banking locations across the Midwest.
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