GREEN BAY, Wis., Sept. 18, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB), the holding company for Associated Bank, N.A., announced today it has decreased the bank's prime rate from 8.50 percent to 8.00 percent, effective September 19, 2024.   ABOUT ASSOCIATED BANC-CORP    Associated Banc-Corp (NYSE: ASB) has total assets of $41 billion and is the largest bank holding company based in Wisconsin. Headquartered in Green Bay, Wisconsin, Associated is a leading Midwest banking franchise, offering a full ...

SDI Productions Earlier this year, in early March to be precise, I wrote an article that took a bullish stance on a financial institution by the name of Associated Banc-Corp (NYSE:ASB). Prior to that point, I had the company rated a 'strong buy' because of the upside I believed that shares offered investors. And from the time I had initially written about the firm and given it that rating in October 2023 through the time that my March 2024 article was published, shares had seen an upside of 27.7%. That dwar ...

Core Points - Associated Banc-Corp is scheduled to meet with investors at the Raymond James U.S. Bank and Banking on Tech Conferences in Chicago on September 4-5, 2024, and at the Barclays Global Financial Services Conference in New York on September 9-11, 2024, with a presentation on September 10, 2024 [1] - The company has total assets of $42 billion and is the largest bank holding company based in Wisconsin, operating nearly 200 banking locations across Wisconsin, Illinois, and Minnesota [2] Company Overview - Associated Banc-Corp is headquartered in Green Bay, Wisconsin, and offers a full range of financial products and services [2] - The company also operates loan production offices in several states including Indiana, Michigan, Missouri, New York, Ohio, and Texas [2] Investor Relations - Interested parties can access a live webcast of the presentation through the Investor Relations section of the company's website, with a replay available for 90 days post-presentation [1] - Third quarter investor materials will be made available prior to the events and can also be accessed through the Investor Relations section of the company's website [1]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number: 001-31343 Associated Banc-Corp (920) 491-7500 (Registrant's telephone number, including area code) (not applicable) ...

GREEN BAY, Wis., July 30, 2024 /PRNewswire/ -- The Board of Directors of Associated Banc-Corp (NYSE: ASB) ("Associated") today declared a regular quarterly cash dividend of $0.22 per common share, payable on September 16, 2024, to shareholders of record at the close of business on September 3, 2024.The Board of Directors also declared a regular quarterly cash dividend of $0.3671875 per depositary share on Associated's 5.875% Series E Perpetual Preferred Stock, payable on September 16, 2024, to shareholders ...

Associated Banc-Corp’s (ASB) second-quarter 2024 adjusted earnings of 52 cents per share met the Zacks Consensus Estimate. However, the bottom line compared unfavorably with the prior-year quarter’s earnings of 56 cents per share.Results benefited from a higher loan balance. However, a decline in net interest income (NII), non-interest income, and an increase in expenses and provisions were headwinds.Net income available to common shareholders (GAAP basis) was $113 million, up 34.5% from the year-ago quarte ...

Associated Banc-Corp (NYSE:ASB) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Andy Harmening – President and Chief Executive Officer Derek Meyer – Chief Financial Officer Pat Ahern – Chief Credit Officer Conference Call Participants Daniel Tamayo – Raymond James Scott Siefers – Piper Sandler Timur Braziler – Wells Fargo Securities Terry McEvoy – Stephens Inc. Jon Arfstrom – RBC Capital Markets Operator Good afternoon, everyone, and welcome to Associated Banc-Corp's Second Qu ...

Core Viewpoint - Associated Banc-Corp reported a slight decline in revenue and earnings per share for the quarter ended June 2024, indicating challenges in meeting Wall Street expectations [1]. Financial Performance Summary - Revenue for the quarter was $325.5 million, down 0.8% year-over-year, and EPS was $0.52 compared to $0.56 in the same quarter last year [1]. - The reported revenue fell short of the Zacks Consensus Estimate of $331.36 million, resulting in a surprise of -1.77% [1]. - The company did not deliver an EPS surprise, as the consensus EPS estimate was also $0.52 [1]. Key Metrics Analysis - Average Balance - Total earning assets: $37,997.44 million versus the four-analyst average estimate of $37,935.32 million [2]. - Net Interest Margin: 2.8%, matching the four-analyst average estimate [2]. - Net Charge-off (% of Average Loans): 0.3%, consistent with the three-analyst average estimate [2]. - Efficiency Ratio: 60.1%, slightly above the three-analyst average estimate of 59.3% [2]. - Total nonperforming assets: $163.42 million, below the $186.50 million average estimate based on two analysts [2]. - Net Interest Income (FTE): $260.34 million, lower than the $266.90 million estimated by four analysts [2]. - Wealth management fees: $22.63 million, below the four-analyst average estimate of $23.37 million [2]. - Capital markets, net: $4.69 million, compared to the $5.51 million average estimate based on four analysts [2]. - Total Noninterest Income: $65.16 million, slightly above the $64.46 million estimated by four analysts [2]. - Mortgage banking, net: $2.51 million, below the four-analyst average estimate of $3.30 million [2]. - Card-based fees: $11.98 million, exceeding the $11.30 million estimated by four analysts [2]. - Bank and corporate owned life insurance: $4.58 million, significantly above the $2.93 million estimated by four analysts [2]. Stock Performance - Shares of Associated Banc-Corp have returned +15.8% over the past month, outperforming the Zacks S&P 500 composite, which changed by -0.3% [3]. - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3].

分组1 - Associated Banc-Corp reported quarterly earnings of $0.52 per share, matching the Zacks Consensus Estimate, but down from $0.56 per share a year ago [1] - The company posted revenues of $325.5 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.77% and down from $328.25 million year-over-year [1] - Over the last four quarters, Associated Banc-Corp has surpassed consensus EPS estimates two times but has not beaten consensus revenue estimates [1] 分组2 - The stock has gained approximately 8.2% since the beginning of the year, compared to the S&P 500's gain of 13.8% [2] - The current consensus EPS estimate for the upcoming quarter is $0.54 on revenues of $341 million, and for the current fiscal year, it is $2.12 on revenues of $1.35 billion [4] - The Zacks Industry Rank for Banks - Midwest is in the top 42% of over 250 Zacks industries, indicating a favorable outlook for the industry [5] 分组3 - The estimate revisions trend for Associated Banc-Corp is mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market [4] - German American Bancorp, another company in the same industry, is expected to report quarterly earnings of $0.61 per share, reflecting a year-over-year decline of 18.7% [5][6]

Second Quarter 2024 Earnings Presentation JULY 25, 2024 Forward-Looking Statements Important note regarding forward-looking statements: Statements made in this presentation which are not purely historical are forward-looking statements, as defined in the Private Securities Litigation Reform Act of 1995. This includes any statements regarding management's plans, objectives, or goals for future operations, products or services, and forecasts of its revenues, earnings, or other measures of performance. Such fo ...