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) delivers essential financial services through its Midwest banking network and specialized commercial solutions. This news hub provides investors and stakeholders with timely updates on corporate developments, regulatory changes, and strategic initiatives shaping this regional banking leader.
Access verified press releases covering earnings announcements, leadership updates, and operational expansions. Our curated collection simplifies tracking ASB's progress in commercial lending, risk management innovations, and community banking services across Wisconsin, Illinois, and Minnesota.
Discover critical updates organized by key operational areas: financial performance disclosures, regulatory compliance milestones, and market positioning strategies. Bookmark this resource for streamlined monitoring of ASB's evolving role in Midwest financial services and national commercial lending markets.
Associated Banc-Corp (NYSE: ASB) reported net income of $85 million, or $0.56 per share for Q3 2021, reflecting stability compared to $86 million in Q2 2021 but up from $40 million in Q3 2020. Average loans fell by $215 million to $23.9 billion, while average deposits rose by $604 million to $28.1 billion. Net interest income was $184 million, increasing by $4 million from the prior quarter. The bank launched a new Auto Finance vertical and improved its return on average tangible common equity to over 12.7%.
Associated Banc-Corp (NYSE: ASB) will raise its minimum hourly wage from $15 to $17, effective November 21, 2021, impacting about 35% of its workforce. This wage increase, primarily for entry-level positions, is part of a broader strategy to ensure competitive wages, with additional adjustments for higher-level roles. The bank has received accolades for customer satisfaction and is committed to enhancing employee benefits, which include comprehensive healthcare and educational assistance. This move aligns with their focus on talent development and retention.
Associated Banc-Corp (NYSE: ASB) will present at the BofA Securities 2021 Banking and Financials Conference on November 10, 2021, at 3:20 p.m. ET. Management will also meet with investors during the event. An investor presentation will be accessible beforehand on Associated Banc-Corp's website. As Wisconsin's largest bank holding company, Associated Banc-Corp boasts total assets of $34 billion and offers financial services across multiple states including Wisconsin, Illinois, and Minnesota. More details can be found at investor.associatedbank.com.
Associated Banc-Corp (NYSE: ASB) announced the launch of Associated Bank Auto Finance, an indirect auto lending service available through eligible dealerships in 13 states, including Michigan, Indiana, and New York, with a planned expansion to Wisconsin, Minnesota, and Illinois in 2022. The service will be led by Craig Stickney, bringing a team with over 100 years of combined experience. This initiative aims to enhance consumer financing options, offering service 362 days a year.
Associated Banc-Corp (NYSE: ASB) will announce its third quarter 2021 financial results on October 21, 2021, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT on the same day. Interested parties can access the live webcast through the Investor Relations section of the company's website or dial in using the provided phone numbers. Associated Banc-Corp is Wisconsin's largest bank holding company, with total assets of $34 billion and over 200 banking locations serving multiple states.
Associated Banc-Corp (NYSE: ASB) announced strategic expansions in lending and digital capabilities to enhance growth. Key initiatives include the launch of a new Auto Finance vertical and an Equipment Finance vertical slated for early 2022. The expansion will deepen relationships with manufacturing clients and improve customer experience. Additionally, the company is bolstering its Commercial Middle Market lending and Wealth strategy by recruiting experienced talent. These advancements aim to deliver higher shareholder returns and position the bank for accelerated revenue growth.
Associated Banc-Corp (NYSE: ASB) announced its participation in the 2021 Barclays Global Financial Services Conference on September 13, 2021, at 2:45 p.m. ET. Management will also engage with investors throughout the event. An investor presentation will be accessible before the conference on the company’s website, highlighting its position as Wisconsin's largest bank holding company with total assets of $34 billion. The bank operates over 220 locations across multiple states, providing comprehensive financial services.
Associated Banc-Corp (NYSE: ASB) announced the redemption of all outstanding Depositary Shares representing interests in its 5.375% Perpetual Preferred Stock, Series D, effective September 15, 2021. There are currently 3,978,320 Depositary Shares to be redeemed at $25 each, plus any declared and unpaid dividends. The notice of redemption was sent to holders on August 5, 2021, and payments will be processed through The Depository Trust Company by Equiniti Trust Company. Associated Banc-Corp is Wisconsin's largest bank holding company, with total assets of $34 billion.
The Board of Directors of Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share, up from $0.18, payable on September 15, 2021. Shareholders of record by September 1, 2021 will receive this increase. Additionally, dividends for preferred stocks include $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, also payable on September 15, 2021. Associated Banc-Corp is Wisconsin's largest bank holding company with total assets of $34 billion.
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