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.
On February 1, 2023, Associated Banc-Corp (NYSE: ASB) announced upcoming investor meetings at various conferences. Key executives, including Andy Harmening and Derek Meyer, will present at the BofA Securities Financial Services Conference on February 14, 2023, at 3:20 p.m. ET, and will also participate in the KBW Winter Financial Services Conference on February 16-17, 2023. Additionally, they will present at the RBC Capital Markets Financial Institutions Conference on March 8, 2023. Live webcasts and replays of these presentations will be available on the company's website.
On February 1, 2023, the Board of Directors of Associated Banc-Corp (ASB) declared a quarterly cash dividend of
Associated Banc-Corp (NYSE: ASB) reported a strong financial performance for Q4 and full year 2022. Net income for Q4 was $106 million ($0.70 per share), up from $74 million ($0.49) in Q4 2021. For the year, total earnings reached $355 million ($2.34 per share), a $21 million increase over 2021. Key metrics include a 32% rise in net interest income to $957 million and total loans increasing by $4.6 billion to $28.8 billion. However, noninterest income fell by $50 million to $282 million. The company anticipates loan growth of 7%-9% and net interest income growth of 15%-17% in 2023.
Associated Banc-Corp (NYSE: ASB) is set to release its fourth quarter 2022 financial results on January 26, 2023, after market close. A conference call for investors and analysts will be held at 4:00 p.m. CT on the same day. The results can be accessed via the Company's website or through a dedicated phone line. Associated Banc-Corp has total assets of $38 billion, making it the largest bank holding company based in Wisconsin.
Associated Banc-Corp (NYSE: ASB) announced the appointment of Terry L. Williams as the new Chief Information Officer, effective January 17, 2023. Williams brings over 30 years of experience in strategic information technology, previously serving as CIO and CTO at Belcan, LLC. He is expected to enhance Associated's digital transformation strategy, aligning technology with business growth. The company maintains total assets of $38 billion and operates over 200 banking locations across three states.
The Board of Directors of Associated Banc-Corp (ASB) declared a quarterly cash dividend of $0.21 per common share, an increase of $0.01 from the prior dividend of $0.20. This dividend is payable on December 15, 2022, to shareholders on record by December 1, 2022. Additionally, dividends for preferred stock series are $0.3671875 for Series E and $0.3515625 for Series F, payable on the same date.
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