Associated Announces Annual Meeting Results; Dividends; Stock Repurchase Program; and New Technology Committee

Rhea-AI Summary

Associated Banc-Corp (NYSE: ASB) reported results from its April 28, 2026 annual meeting, including director elections, dividend declarations, a $100 million additional common stock repurchase authorization, and creation of a Technology Committee.

The Board declared a $0.24 quarterly common dividend payable June 15, 2026, and dividends on Series E and Series F preferred shares. Total repurchase authorization is now $214 million as of April 28, 2026.

Positive

• $0.24 quarterly common dividend declared, payable June 15, 2026
• $214 million total common stock repurchase authorization as of April 28, 2026
• Established Technology Committee to oversee IT, data, and security risks
• Board refreshed with 11 directors elected at 2026 annual meeting

Negative

• Repurchases are subject to regulatory limitations, potentially constraining timing
• Additional buyback reduces available capital that could fund other uses

News Market Reaction – ASB

-1.10%

-1.10% Session close to close

In the Apr 29 session, ASB declined 1.10%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement combined routine annual meeting outcomes with continued capital return and governa...

Analysis

This announcement combined routine annual meeting outcomes with continued capital return and governance enhancements. The board reaffirmed a $0.24 common dividend and preferred dividends, expanded total share repurchase authorization to $214 million, and created a Technology Committee to oversee data and information security risks. In context of recent acquisition and growth initiatives, investors may watch actual buyback execution, dividend sustainability, and any future disclosures from the Technology Committee’s oversight activities.

Key Figures

Common dividend: $0.24 per share Series E dividend: $0.3671875 per depositary share Series F dividend: $0.3515625 per depositary share +5 more

8 metrics

Common dividend $0.24 per share Quarterly cash dividend payable June 15, 2026

Series E dividend $0.3671875 per depositary share 5.875% Series E Perpetual Preferred, payable June 15, 2026

Series F dividend $0.3515625 per depositary share 5.625% Series F Perpetual Preferred, payable June 15, 2026

New repurchase authorization $100 million Additional common stock repurchase capacity approved April 28, 2026

Total repurchase authorization $214 million Total common stock buyback authorization as of April 28, 2026

Director donations $25,000 each Charitable donation in honor of each retiring director

Dividend payment date June 15, 2026 Payment date for common and preferred quarterly dividends

Record date June 1, 2026 Shareholders of record for June 15, 2026 dividend payments

Previous Buybacks,dividends Reports

1 past event · Latest: Jan 27 (Positive)

Same Type Pattern 1 events

Date	Event	Sentiment	24h Move	Catalyst
Jan 27	Dividends and buyback	Positive	+0.2%	Declared cash dividends and authorized up to $100M common stock repurchases.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior buyback/dividend news on Jan 27, 2026 saw a modest positive move of 0.19%, suggesting generally constructive reactions to capital return announcements.

Recent Company History

Over recent months, Associated Banc-Corp has focused on growth and integration initiatives, including completing the American National Corporation acquisition on April 1, 2026 and expanding leadership and specialty banking verticals. A prior buybacks,dividends announcement on Jan 27, 2026 set a pattern of returning capital through a $0.24 common dividend and a $100 million repurchase authorization. Today’s dividends and expanded repurchase capacity build directly on that framework, reinforcing continuity in the company’s capital return approach.

Key Terms

depositary share, perpetual preferred stock, stock repurchase program, accelerated share repurchase programs

4 terms

depositary share financial

"declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock"

A depositary share is a special type of stock that represents ownership in a company but is traded on the stock market like regular shares. It often makes it easier for people to buy and sell shares of companies from other countries or smaller companies that don’t list directly on big exchanges.

perpetual preferred stock financial

"on Associated's 5.875% Series E Perpetual Preferred Stock, payable on June 15, 2026"

A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.

stock repurchase program financial

"In addition, the Board authorized the repurchase of up to $100 million of Associated's common stock. This repurchase authorization is in addition to the authority remaining under the previous program."

A stock repurchase program is when a company buys back its own shares from the market. This can make each remaining share more valuable and shows that the company believes its stock is a good investment. It’s like a business treating its shares like a limited resource, hoping to boost confidence and share prices.

accelerated share repurchase programs financial

"may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities."

An accelerated share repurchase program is a way for a company to buy back its own shares quickly, often within a short period. It typically involves a financial partner temporarily purchasing a large number of shares on behalf of the company, which are then gradually returned to the company’s treasury. This process allows the company to boost its stock price and earnings per share, making it important for investors tracking company performance.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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GREEN BAY, Wis., April 28, 2026 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced the results of the actions taken at its 2026 Annual Meeting of Shareholders.

Annual Meeting Results

The following directors were elected:

• John (Jay) B. Williams, chairman, Associated Banc-Corp, and chairman, Church Mutual Insurance Company
• Owen J. Sullivan, vice chairman, Associated Banc-Corp, and former president and chief operating officer of the former NCR Corporation
• Andrew J. Harmening, president and chief executive officer, Associated Banc-Corp
• Judith P. Greffin, former chief investment officer, Allstate Corporation
• Michael J. Haddad, chair of the board of directors, Schreiber Foods, Inc.
• Rodney Jones-Tyson, global chief human resources officer, Baird Financial Group
• Eileen A. Kamerick, adjunct professor of law and consultant
• Wende L. Kotouc, former executive co-chairperson and chief executive officer of American National Bank and executive vice president of American National
• Kristen M. Ludgate, former strategic advisor and former Chief People Officer at HP Inc.
• Cory L. Nettles, founder and managing director, Generation Growth Capital, Inc.
• Karen T. van Lith, founder and CEO of APEL Worldwide, LLC

Shareholders also (1) approved named executive officer compensation, and (2) ratified the selection of KPMG LLP as Associated's independent accounting firm for 2026.

The Board of Directors recognized R. Jay Gerken, Robert A. Jeffe, and Gale E. Klappa as they retired from the Board. "We are deeply grateful to Jay Gerken, Bob Jeffe and Gale Klappa for their many years of service and leadership," said John (Jay) B. Williams, Chairman of the Board. "In recognition of their contributions, the Company has made a $25,000 charitable donation in each director's honor to the charity of their choice. We thank them for their dedication and wish them the very best."

Dividends Declared

The Associated Board of Directors declared a regular quarterly cash dividend of $0.24 per common share, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.

The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.

The Board of Directors also declared a regular quarterly cash dividend of $0.3515625 per depositary share on Associated's 5.625% Series F Perpetual Preferred Stock, payable on June 15, 2026, to shareholders of record at the close of business on June 1, 2026.

Stock Repurchase Program

In addition, the Board authorized the repurchase of up to $100 million of Associated's common stock. This repurchase authorization is in addition to the authority remaining under the previous program. With this repurchase authorization, the total authorization to repurchase common stock is $214 million as of April 28, 2026. Repurchases under such programs are subject to regulatory limitations and may occur from time to time in open market purchases, block transactions, accelerated share repurchase programs or similar facilities.

Technology Committee Established

The Board of Directors also established a Technology Committee of the Board. The Technology Committee will oversee Associated's data management, information technology, information security, vendor management, and measures taken by Associated to assess and mitigate risks in such areas.

ABOUT ASSOCIATED BANC-CORP

Associated Banc-Corp (NYSE: ASB) has total assets of approximately $50 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full range of financial products and services from over 200 banking locations throughout Wisconsin, Illinois, Iowa, Minnesota, Missouri and Nebraska. The Company also operates loan production offices in Indiana, Kansas, Michigan, New York, Ohio and Texas. Associated Bank, N.A. is an Equal Housing Lender, Equal Opportunity Lender and Member FDIC. More information about Associated Banc-Corp is available at www.associatedbank.com.

FORWARD-LOOKING STATEMENTS

Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such forward-looking statements may be identified by the use of words such as "believe," "expect," "anticipate," "plan," "estimate," "should," "intend," "target," "outlook," "project," "guidance," "forecast," or similar expressions. Forward-looking statements are based on current management expectations and, by their nature, are subject to risks and uncertainties. Actual results may differ materially from those contained in the forward-looking statements. Factors which may cause actual results to differ materially from those contained in such forward-looking statements include the ability to complete the proposed transaction involving Associated Banc-Corp ("Associated") and American National Bank ("American National") and to integrate the two businesses successfully and in a timely manner, if at all; the possibility that the anticipated benefits of the transaction are not realized when expected or at all; and such other risk factors as identified in the Company's most recent Form 10-K and subsequent Form 10-Qs and other SEC filings, and such factors are incorporated herein by reference.

Investor Contact:
Ben McCarville, Senior Vice President, Director of Investor Relations
920-491-7059

Media Contact:
Andrea Kozek, Vice President, Public Relations Senior Manager
920-491-7518

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SOURCE Associated Banc-Corp

FAQ

What dividend did Associated Banc-Corp (ASB) declare on April 28, 2026?

Associated declared a $0.24 per-share quarterly common dividend payable June 15, 2026. According to the company, the dividend is payable to shareholders of record at the close of business on June 1, 2026 and aligns with its regular quarterly schedule.

How much new share repurchase authorization did ASB approve on April 28, 2026?

The Board authorized up to an additional $100 million in common stock repurchases. According to the company, this increases total repurchase authorization to $214 million as of April 28, 2026 and may occur subject to regulatory limits.

When will Associated Banc-Corp (ASB) pay dividends on its Series E and Series F preferred shares?

Associated will pay preferred dividends on June 15, 2026 for Series E and Series F depositary shares. According to the company, record date for both preferred dividends is the close of business on June 1, 2026.

What is the purpose of the new Technology Committee at Associated (ASB)?

The Technology Committee will oversee data management, IT, information security, and vendor management. According to the company, it will also review measures to assess and mitigate risks in those areas across the organization.

Who was elected to Associated Banc-Corp's board at the 2026 annual meeting (ASB)?

The company elected 11 directors including John (Jay) B. Williams and Andrew J. Harmening. According to the company, the slate also includes new and returning directors from financial, corporate, and academic backgrounds.