Associated Banc Corp Stock Price, News & Analysis

On April 25, 2023, Associated Banc-Corp (NYSE: ASB) announced its participation in three investor events during the second quarter of 2023. The events include:

• RBC Capital Markets 2023 US Banks Fixed Income Investor Symposium on May 3, 2023, in Boston, MA, with a virtual session on May 4.
• Stephens Inc. Chicago Bank Trip on May 11, 2023, in Chicago, IL.
• Wells Fargo Financial Services Investor Conference from May 16-17, 2023, also in Chicago, IL.

Investor materials for the second quarter will be available on the Associated Banc-Corp website prior to the events. The company holds $41 billion in total assets and operates over 200 banking locations across multiple states.

On April 25, 2023, Associated Banc-Corp (NYSE: ASB) held its Annual Meeting of Shareholders, where several key outcomes were announced. The company reported the re-election of directors, including John (Jay) B. Williams and Andrew J. Harmening. Shareholders also approved the compensation for named executives and ratified KPMG LLP as the independent accounting firm for 2023.

Additionally, the Board declared a quarterly cash dividend of $0.21 per common share, payable on June 15, 2023, and dividends for preferred stocks: $0.3671875 for Series E and $0.3515625 for Series F, both also payable on June 15, 2023.

Associated Banc-Corp manages total assets of approximately $41 billion, serving multiple states in the Midwest.

Associated Banc-Corp (NYSE: ASB) reported a net income of $100 million, translating to $0.66 per share for Q1 2023, down from $106 million ($0.70 per share) in Q4 2022. Compared to Q1 2022, income rose from $71 million ($0.47 per share). Total loans increased by $408 million to $29.2 billion, while deposits rose by $696 million to $30.3 billion. The net interest margin declined to 3.07%, and noninterest income slightly increased to $62 million. The provision for credit losses was $18 million, down from $20 million previously. The CET1 capital ratio stood at 9.45%, indicating a strong capital position. The company anticipates loan growth of 6-8% and net interest income growth of 13-15% for 2023.

Associated Banc-Corp (NYSE: ASB) will release its first quarter 2023 financial results on April 20, 2023, after market close. The company will hold a conference call for investors and analysts at 4:00 p.m. CT on the same day. The call can be accessed through the company's Investor Relations website or via phone. Associated Banc-Corp, headquartered in Green Bay, Wisconsin, has total assets of $39 billion and operates over 200 banking locations across the Midwest. The company emphasizes its commitment to transparency with financial tables and presentations available prior to the call.

On February 1, 2023, Associated Banc-Corp (NYSE: ASB) announced upcoming investor meetings at various conferences. Key executives, including Andy Harmening and Derek Meyer, will present at the BofA Securities Financial Services Conference on February 14, 2023, at 3:20 p.m. ET, and will also participate in the KBW Winter Financial Services Conference on February 16-17, 2023. Additionally, they will present at the RBC Capital Markets Financial Institutions Conference on March 8, 2023. Live webcasts and replays of these presentations will be available on the company's website.

On February 1, 2023, the Board of Directors of Associated Banc-Corp (ASB) declared a quarterly cash dividend of $0.21 per common share, payable on March 15, 2023 to shareholders of record as of March 1, 2023. Additionally, dividends of $0.3671875 per depositary share for the 5.875% Series E Preferred Stock and $0.3515625 for the 5.625% Series F Preferred Stock were also announced, with the same payment and record dates. As the largest bank holding company in Wisconsin, Associated Banc-Corp boasts total assets of $39 billion, serving over 100 communities across multiple states.