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Associated Banc-Corp - ASB STOCK NEWS

Welcome to our dedicated page for Associated Banc-Corp news (Ticker: ASB), a resource for investors and traders seeking the latest updates and insights on Associated Banc-Corp stock.

Associated Banc-Corp (NYSE: ASB) is a prominent bank holding company headquartered in Green Bay, Wisconsin. With total assets of $41 billion, it stands as the largest bank holding company based in Wisconsin and is recognized as one of the top 50 publicly traded U.S. bank holding companies. The company operates a robust Midwest banking franchise with over 200 banking locations that serve more than 100 communities throughout Wisconsin, Illinois, and Minnesota. Additionally, Associated Banc-Corp extends commercial financial services to Indiana, Michigan, Missouri, Ohio, and Texas through its loan production offices.

Associated Banc-Corp offers a comprehensive suite of financial products and services, catering to both individual and business needs. Its core business segments include Corporate and Commercial Specialty, Community, Consumer, and Business, and Risk Management and Shared Services. The company’s extensive range of services encompasses retail banking, commercial banking, mortgage banking, private banking, and wealth management solutions. Its flagship subsidiary, Associated Bank, N.A., is a member of the FDIC and is an Equal Housing Lender and Equal Opportunity Lender.

In recent developments, Associated Banc-Corp continues to expand and enhance its services under a people-led, digitally enabled strategic plan. This plan involves significant investments in technology, personnel, and product offerings to foster growth and improve customer experience. Notably, the company has strengthened its leadership team with strategic appointments, such as Phillip Trier as Executive Vice President of Commercial Banking Group and Steven Zandpour as Director of Retail Banking. These appointments are set to drive business development and service excellence across major metropolitan markets.

The company recently reported its financial results for the first quarter of 2024, showcasing a net income of $78 million, or $0.52 per common share. This performance reflects the company’s solid strategic execution, with stable loan and deposit growth and a strong capital position. Associated Banc-Corp's commitment to community service is exemplified by initiatives like the annual Day of Service and Stock the Box food drive, which mobilize thousands of employees to support local communities.

More information about Associated Banc-Corp is available at www.associatedbank.com.

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Associated Banc-Corp declares regular quarterly cash dividends on common shares and preferred stocks.
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Associated Banc-Corp reports Q2 net income of $84 million, down from $100 million in Q1. Total period end commercial loans increased $274 million to $18.4 billion. Total period end consumer loans increased $367 million to $11.4 billion. Noninterest income increased $3 million to $66 million. Noninterest expense increased $3 million to $191 million.
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Associated Bank has announced its Volunteer Day of Service and Stock the Box initiatives, which aim to address food security in the communities it serves. The company is committed to supporting its communities and making a positive impact.
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On April 25, 2023, Associated Banc-Corp (NYSE: ASB) announced its participation in three investor events during the second quarter of 2023. The events include:

  • RBC Capital Markets 2023 US Banks Fixed Income Investor Symposium on May 3, 2023, in Boston, MA, with a virtual session on May 4.
  • Stephens Inc. Chicago Bank Trip on May 11, 2023, in Chicago, IL.
  • Wells Fargo Financial Services Investor Conference from May 16-17, 2023, also in Chicago, IL.

Investor materials for the second quarter will be available on the Associated Banc-Corp website prior to the events. The company holds $41 billion in total assets and operates over 200 banking locations across multiple states.

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On April 25, 2023, Associated Banc-Corp (NYSE: ASB) held its Annual Meeting of Shareholders, where several key outcomes were announced. The company reported the re-election of directors, including John (Jay) B. Williams and Andrew J. Harmening. Shareholders also approved the compensation for named executives and ratified KPMG LLP as the independent accounting firm for 2023.

Additionally, the Board declared a quarterly cash dividend of $0.21 per common share, payable on June 15, 2023, and dividends for preferred stocks: $0.3671875 for Series E and $0.3515625 for Series F, both also payable on June 15, 2023.

Associated Banc-Corp manages total assets of approximately $41 billion, serving multiple states in the Midwest.

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Associated Banc-Corp (NYSE: ASB) reported a net income of $100 million, translating to $0.66 per share for Q1 2023, down from $106 million ($0.70 per share) in Q4 2022. Compared to Q1 2022, income rose from $71 million ($0.47 per share). Total loans increased by $408 million to $29.2 billion, while deposits rose by $696 million to $30.3 billion. The net interest margin declined to 3.07%, and noninterest income slightly increased to $62 million. The provision for credit losses was $18 million, down from $20 million previously. The CET1 capital ratio stood at 9.45%, indicating a strong capital position. The company anticipates loan growth of 6-8% and net interest income growth of 13-15% for 2023.

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Associated Banc-Corp (NYSE: ASB) will release its first quarter 2023 financial results on April 20, 2023, after market close. The company will hold a conference call for investors and analysts at 4:00 p.m. CT on the same day. The call can be accessed through the company's Investor Relations website or via phone. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has total assets of $39 billion and operates over 200 banking locations across the Midwest. The company emphasizes its commitment to transparency with financial tables and presentations available prior to the call.

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FAQ

What is the current stock price of Associated Banc-Corp (ASB)?

The current stock price of Associated Banc-Corp (ASB) is $23.8 as of January 7, 2025.

What is the market cap of Associated Banc-Corp (ASB)?

The market cap of Associated Banc-Corp (ASB) is approximately 3.9B.

What is the total asset value of Associated Banc-Corp?

As of the latest reporting, Associated Banc-Corp has total assets of $41 billion.

Where is Associated Banc-Corp headquartered?

Associated Banc-Corp is headquartered in Green Bay, Wisconsin.

What services does Associated Banc-Corp offer?

Associated Banc-Corp offers a wide range of financial products and services, including retail banking, commercial banking, mortgage banking, private banking, and wealth management.

What recent leadership appointments have been made at Associated Banc-Corp?

Recent leadership appointments include Phillip Trier as Executive Vice President of Commercial Banking Group and Steven Zandpour as Director of Retail Banking.

What are the core business segments of Associated Banc-Corp?

The company operates in three main segments: Corporate and Commercial Specialty, Community, Consumer, and Business, and Risk Management and Shared Services.

How many banking locations does Associated Banc-Corp operate?

Associated Banc-Corp operates over 200 banking locations.

What community initiatives does Associated Banc-Corp support?

Associated Banc-Corp supports various community initiatives, including the annual Day of Service and Stock the Box food drive, which focuses on food security and youth support services.

What is the strategic plan of Associated Banc-Corp?

The strategic plan involves significant investments in technology, personnel, and product offerings to foster growth and improve customer experience, underscoring a people-led, digitally enabled approach.

How did Associated Banc-Corp perform in the first quarter of 2024?

For the first quarter of 2024, Associated Banc-Corp reported net income of $78 million, or $0.52 per common share.

Is Associated Banc-Corp a member of the FDIC?

Yes, Associated Bank, N.A., a subsidiary of Associated Banc-Corp, is a member of the FDIC.
Associated Banc-Corp

NYSE:ASB

ASB Rankings

ASB Stock Data

3.94B
163.56M
0.71%
79.8%
2.7%
Banks - Regional
State Commercial Banks
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United States of America
GREEN BAY