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 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.