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.
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The Board of Directors of Associated Banc-Corp (ASB) declared a quarterly cash dividend of $0.21 per common share, an increase of $0.01 from the prior dividend of $0.20. This dividend is payable on December 15, 2022, to shareholders on record by December 1, 2022. Additionally, dividends for preferred stock series are $0.3671875 for Series E and $0.3515625 for Series F, payable on the same date.
Associated Banc-Corp (NYSE: ASB) will participate in the Piper Sandler East Coast Financial Services Conference on November 8-9, 2022, in Palm Beach, FL. CEO Andy Harmening and CFO Derek Meyer will engage with investors during this event. Fourth quarter investor materials will be accessible before the conference on the company’s website, offering insights into their financial performance. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has assets totaling $38 billion and operates over 200 locations across the Midwest.
Associated Banc-Corp (NYSE: ASB) reported a net income of $93 million, or $0.62 per share for Q3 2022, reflecting a rise from $84 million in Q2 2022. The company experienced growth in both loans and deposits, with total commercial loans increasing by $720 million to $17.5 billion. Additionally, the net interest margin improved by 42 basis points to 3.13%. However, noninterest income decreased to $71 million, down $5 million from the previous quarter. Associated continues to maintain a strong capital position with a CET1 ratio of 9.4%.
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.