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) 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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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.