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.
The Board of Directors of Associated Banc-Corp (NYSE: ASB) declared a quarterly cash dividend of $0.20 per common share, up from $0.18, payable on September 15, 2021. Shareholders of record by September 1, 2021 will receive this increase. Additionally, dividends for preferred stocks include $0.3359375 for Series D, $0.3671875 for Series E, and $0.3515625 for Series F, also payable on September 15, 2021. Associated Banc-Corp is Wisconsin's largest bank holding company with total assets of $34 billion.
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Associated Banc-Corp (NYSE: ASB) reported a net income of $86 million or $0.56 per share for Q2 2021, a decrease from $145 million or $0.94 per share in Q2 2020. The results reflect an improving credit environment, with total loans (excluding PPP) up $216 million to $23.5 billion, despite a decrease in deposits of $413 million to $27.3 billion. Net interest income rose $4 million to $180 million. The company anticipates full-year commercial loan growth of 2% to 4% in 2021.
Associated Banc-Corp (NYSE: ASB) has announced the promotion of John P. Thayer to executive vice president and head of Wealth Management. Thayer, who joined the company in 2000, previously served as chief investment officer and will now lead a comprehensive suite of wealth management services. His background includes a Bachelor of Arts in economics from the University of Michigan and professional designations as a Chartered Financial Analyst and CERTIFIED FINANCIAL PLANNER. This leadership change aims to enhance the company's wealth management offerings to clients.
Associated Banc-Corp (NYSE: ASB) will release its second quarter 2021 financial results on July 22, 2021, after market close. A conference call for investors and analysts is scheduled for 4:00 p.m. CT on the same day, accessible via the Investor Relations section of their website. The bank, with total assets of $35 billion, is Wisconsin's largest bank holding company, operating over 220 locations across Wisconsin, Illinois, and Minnesota, among others.
Associated Banc-Corp (NYSE: ASB), Wisconsin's largest bank holding company with total assets of $35 billion, announced that it will participate in two investor events. The first is the KBW Virtual Chicago Bank Field Trip on June 3, 2021, followed by the Piper Sandler Virtual Upper Midwest Bank Field Trip on June 7-8, 2021. Investor presentation materials will be available on their website before the events. Associated provides a wide range of financial services through over 220 locations across the Midwest.
Associated Banc-Corp (NYSE:ASB) announced the redemption of its 3.500% Fixed Rate Senior Notes due 2021, totaling $300 million. The redemption will be executed on July 13, 2021, at 100% of the principal amount plus accrued interest. Associated Banc-Corp, Wisconsin's largest bank holding company with total assets of $35 billion, operates more than 220 banking locations across several states, offering a diverse range of financial services.
Summary not available.
Associated Banc-Corp (NYSE: ASB) reported a first quarter 2021 net income of $89 million or $0.58 per share, a significant increase from $62 million in Q4 2020 and $42 million in Q1 2020. Average loans rose by 5% to $24.5 billion, while average deposits increased by 10% to $26.8 billion. Noninterest expenses decreased by 9%, but net interest income fell by 13%. The company facilitated $293 million in new PPP loans and expects modest loan growth for 2021.
Associated Banc-Corp (NYSE: ASB) will meet with investors at several upcoming events, including the Stephens Inc. Virtual Chicago Bank Field Trip on May 6, 2021, the Wells Fargo Securities Virtual Financial Services Investor Conference on May 19-20, 2021, and the Truist Securities Virtual Financial Services Conference on May 25-26, 2021. A second quarter investor presentation will be available on their website before these events. Associated Banc-Corp operates over 220 locations across Wisconsin, Illinois, and Minnesota, offering extensive financial services.