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.
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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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.