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 (NYSE: ASB) has announced key executive appointments to enhance its growth strategy. Derek Meyer will take on the role of Chief Financial Officer starting August 1, 2022, succeeding Christopher J. Del Moral-Niles. Bryan Carson will become Chief Product and Marketing Officer on July 18, 2022. CEO Andrew Harmening emphasized that these additions will support value creation and drive the bank's digital transformation efforts.
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Associated Banc-Corp (NYSE:ASB) held its 2022 Annual Meeting of Shareholders, re-electing key directors, including Andrew J. Harmening as CEO. Shareholders approved executive officer compensation and ratified KPMG LLP as the accounting firm for 2022. The Board declared a regular quarterly cash dividend of $0.20 per common share, payable on June 15, 2022, with a record date of June 1, 2022. Additionally, dividends of $0.3671875 and $0.3515625 were declared for Series E and Series F Preferred Stocks, respectively, also payable on June 15, 2022.
Associated Banc-Corp (NYSE: ASB) will participate in four investor events in May 2022, including the Stephens Inc. Chicago Bank Trip and the Wells Fargo Financial Services Investor Conference. These meetings are scheduled for May 11, 18-19, and 23-25 in locations such as Rosemont and Chicago, Illinois, and New York, New York. Investor materials for the second quarter will be available on the company's website prior to these events. As Wisconsin's largest bank holding company, Associated Banc-Corp has total assets of $35 billion and provides a wide range of financial services across multiple states.
Associated Banc-Corp (NYSE: ASB) announced plans to eliminate non-sufficient funds (NSF) fees and overdraft protection transfer fees starting early in Q3 2022. The changes will also include the removal of the continuous overdraft fee and a reduction in the daily limit of overdraft occurrences from 4 to 2, aiming to reduce the financial burden on customers by approximately 30%. CEO Andy Harmening emphasized the bank's commitment to transparency and customer needs in this evolving environment.
Associated Banc-Corp (NYSE: ASB) reported a first-quarter net income of $71 million, or $0.47 per share, down from $89 million a year earlier. Key highlights include a 1% increase in average loans to $24.1 billion and 1% growth in average deposits to $28.6 billion. The net interest margin improved by 2 basis points to 2.42%, while noninterest income fell by $7 million to $74 million. The bank announced plans for a 30% reduction in overdraft fees, aiming to enhance customer support.
Associated Banc-Corp (ASB) will release its first quarter 2022 financial results on April 21, 2022, after market close. The company will host a conference call for investors at 4:00 p.m. CT on the same day. Interested parties can access the call via the company's Investor Relations page or by dialing 877-407-8037. The company has total assets of $35 billion and operates over 200 banking locations across several states, including Wisconsin, Illinois, and Minnesota.
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