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.
Associated Banc-Corp (NYSE: ASB) is a Wisconsin-based bank holding company and, according to its public disclosures, the largest bank holding company based in the state. Through its Midwest banking franchise, the company provides banking and nonbanking products and services to individuals and businesses, with nearly 200 banking locations across more than 100 communities in Wisconsin, Illinois, Minnesota and Missouri, and loan production offices in several additional states.
This news page aggregates company-issued announcements and other coverage related to Associated Banc-Corp and its subsidiaries. Readers can find updates on quarterly earnings results, dividend declarations, changes to the bank’s prime rate, and details of investor conference participation. The company regularly uses press releases and Form 8-K filings to share information about its financial performance and strategic priorities.
News for ASB also includes developments in its regional expansion and leadership. Recent communications describe new market presidents in key areas such as Madison and the Twin Cities, as well as the opening of new branch locations, including a downtown Minneapolis branch in the IDS Center. These items illustrate how the company manages its branch network and leadership structure across its Midwest footprint.
Another important category of news involves corporate transactions and strategic initiatives. Associated Banc-Corp has announced an Agreement and Plan of Merger with American National Corporation, under which American National is expected to merge into Associated Banc-Corp, with American National Bank merging into Associated Bank, National Association, subject to regulatory approvals and other customary conditions. Investors following ASB news can monitor updates on this proposed merger and related regulatory and shareholder milestones.
For those tracking Associated Banc-Corp, this page offers a centralized view of earnings announcements, capital and dividend actions, rate changes, leadership updates and transaction-related disclosures that the company releases over time.
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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.
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.
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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