Associated Banc Corp Stock Price, News & Analysis

Associated Banc-Corp (NYSE: ASB) announced on November 2, 2020, that Tammy Stadler has been appointed to its executive committee, effective November 1, 2020. As executive vice president and corporate controller, she will oversee financial information and compliance with accounting standards. Stadler, who joined Associated in 1996 and has been corporate controller since 2013, is recognized for her significant contributions to the company's leadership. Associated Banc-Corp operates with total assets of $35 billion and serves multiple states across the Midwest.

Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on December 15, 2020, to shareholders of record by December 1, 2020. Additionally, dividends for its preferred stock series were announced: $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date to the same record date. Associated Banc-Corp maintains assets totaling $35 billion and operates over 240 locations across multiple states.

Associated Banc-Corp (NYSE: ASB) reported a net income of $40 million, or $0.26 per share, for Q3 2020, down from $80 million or $0.49 per share a year ago. Year-to-date earnings reached $227 million, or $1.46 per share, slightly down from $243 million, or $1.48 per share for the same period last year. The company plans to reduce run-rate expenses by $40 million while improving net interest income by $20 million.

Associated Banc-Corp (NYSE: ASB) will release its third quarter 2020 financial results on October 22, 2020, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT the same day, accessible via a live webcast on the company's Investor Relations website or by phone. Associated Banc-Corp, a leading Midwest bank holding company with total assets of $36 billion, operates over 240 locations across Wisconsin, Illinois, Minnesota, and commercial services in several other states.

Associated Banc-Corp (NYSE: ASB) will present at the 2020 Barclays Global Financial Services Conference on September 14, 2020. Key executives, including Philip Flynn, Christopher J. Del Moral-Niles, and Dave Stein, will engage with investors. A comprehensive investor presentation is set to be available at 7:00 am CST on the same day through the company's website. With total assets of $36 billion, Associated is among the top 50 publicly traded U.S. bank holding companies, serving multiple states across the Midwest.

On July 27, 2020, Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.18 per common share, payable on September 15, 2020, to shareholders of record as of September 1, 2020. Additionally, dividends for various series of preferred stock were announced, including $0.3828125 for Series C, $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, all payable on the same date. Associated has total assets of $36 billion and operates over 240 banking locations across the Midwest.

Associated Banc-Corp (NYSE: ASB) reported $145 million net income ($0.94/share) for Q2 2020, up from $42 million in Q1 2020. Excluding a gain from the sale of Associated Benefits and Risk Consulting, earnings were $0.26 per share. Average loans and deposits rose by 8% to $25.2 billion and $26.1 billion, respectively. However, net interest income fell 6% to $190 million with a net interest margin of 2.49%. The company successfully supported customers amid COVID-19 with over $1 billion in PPP funding.

On June 30, 2020, Associated Banc-Corp (NYSE: ASB) announced the completion of the sale of Associated Benefits & Risk Consulting (ABRC) to USI Insurance Services. This transaction is expected to generate a pre-tax book gain of approximately $165 million for the second quarter of 2020. ABRC, a Midwest-based consulting firm with 400 employees, offers various insurance and consulting services. USI is a major player in the insurance brokerage sector, enhancing its service capabilities with the acquisition.

Associated Banc-Corp (NYSE: ASB) is set to release its second quarter 2020 financial results on July 23, 2020, after market close. A conference call for investors and analysts will occur at 4:00 p.m. CT on the same day. The company has total assets of $34 billion and operates over 240 banking locations across the Midwest. Interested parties can access the call via the company's website or dial in for participation. The financial tables and a presentation will be available online prior to the call.