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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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.
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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.