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.
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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.