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 operates as a Wisconsin-based bank holding company serving consumers, businesses, municipalities, developers, not-for-profits and financial institutions through Associated Bank. News about ASB commonly covers operating and financial results, loan and deposit trends, credit performance, investor presentations and updates across commercial, community banking, consumer banking and risk-management activities.
Company updates also include specialty banking expansion, private banking and wealth-related initiatives, community investment programs tied to affordable housing, capital-structure disclosures and governance matters. Associated’s business mix includes corporate and commercial specialty banking, community and business banking, and shared risk-management services across its Midwest banking franchise.
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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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 $0.21 per common share, payable on March 15, 2023 to shareholders of record as of March 1, 2023. Additionally, dividends of $0.3671875 per depositary share for the 5.875% Series E Preferred Stock and $0.3515625 for the 5.625% Series F Preferred Stock were also announced, with the same payment and record dates. As the largest bank holding company in Wisconsin, Associated Banc-Corp boasts total assets of $39 billion, serving over 100 communities across multiple states.
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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.