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.
Associated Banc-Corp has announced the promotion of Andrew Arnold to executive vice president and corporate treasurer, effective immediately. Arnold brings nearly 25 years of finance experience, including previous roles at Associated since 2010, culminating in his most recent position as interim corporate treasurer. He will oversee the bank's interest rate risk management, liquidity, funding, and investment portfolio. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, boasts total assets of $37 billion and operates over 200 banking locations across the Midwest.
Associated Banc-Corp (NYSE: ASB) will release its third quarter 2022 financial results on October 20, 2022, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT on the same day. The call can be accessed via the Company’s website or by dialing in at 877-407-8037 (domestic) or 201-689-8037 (international). Associated Banc-Corp has total assets of $37 billion and operates over 200 locations across the Midwest. Additional financial information will be available on their website prior to the call.
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Associated Banc-Corp (NYSE: ASB) has announced participation in upcoming investor conferences, including the Raymond James U.S. Bank and Banking on Tech Conferences in Chicago on September 7-8, 2022, and the Barclays Global Financial Services Conference in New York from September 12-14, 2022. CEO Andy Harmening and CFO Derek Meyer will present on September 14 at 10:30 a.m. ET. Investors can access a live webcast of the presentation through the company's Investor Relations website. Third quarter materials will also be available prior to the events.
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Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share on July 26, 2022, payable on September 15, 2022, to shareholders of record by September 1, 2022. Additionally, dividends for the Series E and Series F Perpetual Preferred Stocks were announced, amounting to $0.3671875 and $0.3515625 respectively, also payable on September 15, 2022. This highlights the company’s commitment to returning value to shareholders.
On July 21, 2022, Associated Banc-Corp (NYSE: ASB) reported a net income of $84 million ($0.56 per share) for Q2 2022, a rise from $71 million in Q1 2022 but a decline from $86 million in Q2 2021. Key highlights include a $1.2 billion increase in total commercial loans and a $766 million rise in consumer loans. Deposits also grew by $171 million to $28.6 billion. The net interest margin improved by 29 basis points to 2.71%. However, noninterest expenses rose by $8 million to $181 million.
Associated Banc-Corp has appointed Paul Schmidt as the new Twin Cities market president, a strategic move aimed at enhancing their Engage Local initiative. With $2.5 billion in deposits in Minnesota, Schmidt aims to leverage the area's robust economy for growth. Bringing nearly 40 years of banking experience, he will oversee approximately 200 colleagues across 17 locations. This initiative is part of the company's broader strategy to strengthen its local presence and respond to community needs while enhancing core lending capabilities.
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Associated Banc-Corp (NYSE: ASB) will release its second quarter 2022 financial results on July 21, 2022, after market close. The company will host a conference call at 4:00 p.m. Central Time on the same day to discuss these results with investors and analysts. Interested parties can access the live webcast through the Investor Relations section of the company's website. Associated Banc-Corp has total assets of $35 billion and operates over 200 banking locations across the Midwest.