DroneShield Limited lost its momentum on Wednesday, the day after finding a place in the top gainers on the This comes a day after the Australian share market witnessed a decline as it ended the day on Tuesday (December 16, 2025) with the S&P/ASX 200 closing on the lower side, dropping 36.10 points, or 0.42%, to 8,598.90.ASX 200: Top gainers and losersOn the S&P/ASX 200, several stocks recorded notable gains and declines. Among the top performers, IGO Limited (IGO) led the board with a last price of $7.690 ...

Key Takeaways ASB agrees to acquire American National in a $604M all-stock deal, expected to be closed in Q2 2026.The merger strengthens ASB's Midwest scale with low-cost deposits and 79,000 added accounts.ASB expects cost savings, 2027 EPS accretion and improved capital and efficiency measures.Associated Banc-Corp (ASB) entered into a definitive merger agreement to acquire American National Corporation and its wholly-owned subsidiary, American National Bank. The all-stock transaction is valued at roughly $ ...

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PresentationOperator Good morning, everyone, and welcome to Associated Banc-Corp's conference call. My name is Rob, and I will be your operator today. [Operator Instructions] Copies of the slides that will be referenced during today's call are available on the company's website at investor.associatedbank.com. As a reminder, this conference call is being recorded. During the course of the discussion today, management will make statements that constitute projections, expectations, beliefs or similar forward-l ...

Summary of Associated Banc-Corp (NYSE:ASB) M&A Announcement Company and Industry - **Company**: Associated Banc-Corp - **Acquisition Target**: American National Corporation, a community bank based in Omaha, Nebraska - **Industry**: Banking and Financial Services Core Points and Arguments 1. **Merger Announcement**: Associated Banc-Corp announced a merger with American National Corporation, marking a significant step in expanding its Midwestern banking franchise [2][4] 2. **Strategic Rationale**: The merger aims to enhance market presence in key areas, particularly Omaha and the Twin Cities, and supports long-term organic growth strategies [4][5] 3. **Market Expansion**: The transaction allows Associated to enter the Omaha market with a number two deposit market share and strengthens its position in the Twin Cities with an additional $800 million in deposits [5][9] 4. **Financial Impact**: Expected EPS accretion in 2027, modest tangible book dilution, and a short earnback period of just over two years. The deal is valued at approximately $604 million [7][11] 5. **Cultural Fit**: Both companies share a conservative credit culture and a commitment to community engagement, which is expected to facilitate a smooth integration [6][14] 6. **Transaction Structure**: The merger is structured as an all-stock transaction with a fixed exchange ratio, where American National shareholders will receive 36.25 shares of Associated stock for each share of American National stock [6][7] 7. **Regulatory Approval**: The transaction has been approved by the boards of both companies and is expected to close in the second quarter of 2026, pending regulatory approvals [8] Additional Important Insights 1. **Growth Metrics**: Associated has seen net household growth each quarter in 2025, with a total shareholder return of 53% since the announcement of its strategic plan [4][11] 2. **Market Characteristics**: Omaha and the Twin Cities are highlighted as attractive markets with solid population growth and favorable economic conditions, representing nearly 20% of Associated's total deposit base post-merger [9][10] 3. **Cost Savings**: The merger is expected to achieve cost savings of 25% or $29.2 million from American National's expense base, enhancing profitability metrics [11][12] 4. **Credit Quality**: American National has a strong credit history with low net charge-offs, which aligns with Associated's conservative credit culture [25][43] 5. **Future Growth Opportunities**: The merger is seen as a continuation of Associated's organic growth strategy, with potential for further market share expansion in Omaha and the Twin Cities [22][54] 6. **Consumer Strategy**: The acquisition will enhance Associated's consumer product offerings, particularly in the auto lending space, which is a significant part of American National's portfolio [40][78] This summary encapsulates the key points from the conference call regarding the merger between Associated Banc-Corp and American National Corporation, highlighting the strategic, financial, and operational implications of the transaction.

Transaction Overview - Associated Banc-Corp (ASB) will acquire American National Corporation (ANC) in a 100% stock transaction[16] - The aggregate consideration to ANC is $604 million[16] - Associated will issue 36250 ASB shares for each ANC share[16] - Pro forma ownership will be 88% Associated and 12% American National[16] Financial Impact - The deal is expected to result in 20% EPS accretion in 2027E[15] - TBVPS dilution at close is projected to be 12% with a 225-year earn-back period[15] - Cost savings of 25% of ANC's noninterest expense base are anticipated[15,46] - The transaction is expected to be accretive to CET1 at close[15] Strategic Rationale - The acquisition provides entry into the Omaha MSA with the 2 deposit market share rank[15] - It strengthens presence in the Minneapolis / St Paul MSA with 10 combined deposit market share rank[15] - American National has $53 billion in assets and $47 billion in deposits as of 9/30/2025[19,21] - American National's deposit base consists of 21% NIB-Demand, 45% Savings & MMA, 16% IB-Demand, 4% Brokered CDs and 14% Other Time deposits[21]

Accessibility StatementSkip Navigation Associated Bank and American National Bank logos GREEN BAY, Wis. and OMAHA, Neb., Dec. 1, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") and American National Corporation ("American National") jointly announced today that they have entered into a definitive agreement under which American National will merge into Associated. American National's bank subsidiary, American National Bank, will also merge into Associated's bank subsidiary, Associated Ba ...

Core Insights - Associated Banc-Corp announced the appointment of Jay Sodey as the new Madison market president, effective January 1, 2026, succeeding Dave Stein who will retire at the end of 2025 [1][2]. Company Leadership Transition - Jay Sodey has 22 years of banking experience and joined Associated Bank in 2005, overseeing retail banking in the Greater Madison market [2]. - Sodey will lead a team of approximately 370 colleagues across 32 locations and will focus on sales growth, marketing strategies, community engagement, and cultural development [2][3]. - Dave Stein expressed confidence in Sodey's ability to continue driving the market forward, highlighting Sodey's instrumental role in the bank's success [2][3]. Company Overview - Associated Banc-Corp has total assets of $44 billion and is the largest bank holding company based in Wisconsin, operating nearly 200 banking locations across Wisconsin, Illinois, Minnesota, and Missouri [4]. - The company also has loan production offices in several states, including Indiana, Kansas, Michigan, New York, Ohio, and Texas [4].

Core Points - Associated Banc-Corp (NYSE: ASB) is scheduled to meet with investors at the Piper Sandler Financial Services Conference from November 10-12, 2025 [1] - The company has total assets of $44 billion and is the largest bank holding company based in Wisconsin, operating nearly 200 banking locations across multiple states [2] Company Overview - Associated Banc-Corp is headquartered in Green Bay, Wisconsin, and serves over 100 communities in Wisconsin, Illinois, Minnesota, and Missouri [2] - The company also has loan production offices in Indiana, Kansas, Michigan, New York, Ohio, and Texas [2] - Associated Bank, N.A. is an Equal Housing Lender and a Member of FDIC [2] Recent Developments - Associated Banc-Corp has decreased its prime rate from 7.25% [4] - The company announced new leadership in the Twin Cities and plans to enhance banking services with a new branch in the IDS Center, effective January 1, 2026 [5]

Core Insights - Associated Banc-Corp announced the appointment of Mike Lebens as the new Twin Cities market president effective January 1, 2026, succeeding Paul Schmidt [1][3] - The grand opening of the new IDS Center branch in downtown Minneapolis marks a significant investment in the market, enhancing customer experience and expanding the bank's footprint [2][4] Leadership Transition - Mike Lebens joined Associated in May 2024 from Wells Fargo Bank, where he held various leadership roles for 22 years [2] - Paul Schmidt, the current market president, announced his retirement plans for the end of 2025, having served in his role since 2022 [3] Branch Opening Details - The new IDS Center branch features 1,665 square feet of retail space and over 6,000 square feet of office space, representing a 400 square feet increase from the previous Baker Center branch [4][7] - The branch will offer a comprehensive range of banking services, including personal banking, commercial banking, wealth solutions, commercial real estate services, and private banking [6] Market Presence and Strategy - Associated Banc-Corp is expanding its presence in the Greater Twin Cities area, with plans to move its Minneapolis offices to the IDS Center's 43rd floor, which will more than double its current footprint [8] - The bank operates nearly 200 locations across Wisconsin, Illinois, Minnesota, and Missouri, with total assets of $44 billion, making it the largest bank holding company based in Wisconsin [9]