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) will present at the 2022 RBC Capital Markets Global Financial Institutions Conference on March 8, 2022, at 9:20 a.m. ET. The presentation will be accessible via the company's investor relations website prior to the event. With total assets of $35 billion, Associated Banc-Corp is the largest bank holding company in Wisconsin, offering extensive financial services throughout Wisconsin, Illinois, Minnesota, and several other states. Investors can expect insights into the company’s future operations and strategic goals during the conference.
The Board of Directors of Associated Banc-Corp (NYSE: ASB) has declared a $0.20 per common share quarterly cash dividend, payable on March 15, 2022, to shareholders of record by March 1, 2022. Additionally, a quarterly cash dividend of $0.3671875 per depositary share for the 5.875% Series E Perpetual Preferred Stock and $0.3515625 for the 5.625% Series F Perpetual Preferred Stock was announced, with the same payment and record dates. Associated Banc-Corp, with total assets of $35 billion, is Wisconsin's largest bank holding company.
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On January 20, 2022, Associated Banc-Corp announced the upcoming retirement of its Chief Financial Officer, Christopher J. Del Moral-Niles, who has served for nearly 12 years. He will remain in his role until a successor is appointed, with the search assisted by Diversified Search Group. Del Moral-Niles has played a crucial role in the company's growth, overseeing significant capital restructuring and strategic initiatives. Under his leadership, total assets have expanded over 50%. The company, headquartered in Green Bay, Wisconsin, operates as the largest bank holding company in the state.
Associated Banc-Corp (NYSE: ASB) reported a net income of $74 million or $0.49 per share for Q4 2021, an increase from $62 million in Q4 2020 but a decrease from $85 million in Q3 2021. For the full year, earnings rose to $334 million or $2.18 per share compared to $288 million in 2020. Despite a decrease in average loans and net interest income, deposits grew by $1.7 billion, indicating a strong liquidity position.
Associated Banc-Corp (NYSE: ASB) will release its fourth quarter 2021 financial results on January 20, 2022, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. Central Time on the same day. Interested participants can access the live call via the Investor Relations website or by calling 877-407-8037 (domestic) or 201-689-8037 (international). The company holds total assets of $34 billion and operates over 200 banking locations across several states.
On November 1, 2021, Associated Banc-Corp (NYSE: ASB) announced significant executive leadership changes. Timothy J. Lau, head of community markets, plans to retire in Q2 2022 after over 30 years with the bank. Denis Hogan will also retire on December 31, 2021, but will continue to serve as an ambassador for the Northeast Wisconsin Advisory Board. Dennis DeLoye has been appointed as executive vice president and Northeast Wisconsin regional president, bringing 30 years of banking experience. These leadership transitions are expected to bolster the bank's community market strategy and growth in business banking.
The Board of Directors of Associated Banc-Corp (ASB) announced a quarterly cash dividend of $0.20 per common share, payable on December 15, 2021. Additionally, dividends of $0.3671875 and $0.3515625 will be paid for the Series E and Series F preferred stocks, respectively, on the same date. The Board also approved a $100 million share repurchase program, providing flexibility for stock buybacks subject to regulatory limits, aimed at enhancing shareholder value.
Associated Banc-Corp (NYSE: ASB) reported net income of $85 million, or $0.56 per share for Q3 2021, reflecting stability compared to $86 million in Q2 2021 but up from $40 million in Q3 2020. Average loans fell by $215 million to $23.9 billion, while average deposits rose by $604 million to $28.1 billion. Net interest income was $184 million, increasing by $4 million from the prior quarter. The bank launched a new Auto Finance vertical and improved its return on average tangible common equity to over 12.7%.
Associated Banc-Corp (NYSE: ASB) will raise its minimum hourly wage from $15 to $17, effective November 21, 2021, impacting about 35% of its workforce. This wage increase, primarily for entry-level positions, is part of a broader strategy to ensure competitive wages, with additional adjustments for higher-level roles. The bank has received accolades for customer satisfaction and is committed to enhancing employee benefits, which include comprehensive healthcare and educational assistance. This move aligns with their focus on talent development and retention.