In its upcoming report, Associated Banc-Corp (ASB) is predicted by Wall Street analysts to post quarterly earnings of $0.55 per share, reflecting an increase of 3.8% compared to the same period last year. Revenues are forecasted to be $343.34 million, representing a year-over-year increase of 6.6%.The consensus EPS estimate for the quarter has been revised 4.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial est ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Associated Banc-Corp (ASB) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on January 23, 2025, might help the stock move higher if these key numbers are bett ...

Associated Banc-Corp. (ASB) remains well-positioned for growth on the back of its strategic expansion plan, with a steady rise in loans and deposit balance. Also, the company’s balance sheet repositioning efforts will support top-line growth. However, mounting expenses and worsening asset quality are headwinds.Factors Supporting Associated Banc-Corp’s GrowthOrganic Growth Story: Associated Banc-Corp.’s organic growth strategy is reflected in its robust loans and deposit balances and efforts to boost fee inc ...

Accessibility StatementSkip Navigation "We're thrilled to have Stacy, Kevin, Mike and Scott join our team as we continue to expand our commercial presence throughout the Midwest while holding serve in our legacy markets," said Phil Trier, Executive Vice President and Head of Corporate and Commercial Banking. "All four of these individuals bring unique skill sets and a dedication to developing strong relationships with clients that fits perfectly with what we're building here at Associated." Stacy Quick is e ...

Core Viewpoint - Associated Banc-Corp announced the appointment of Heath Sorenson as the new CEO of Associated Trust Company, effective February 1, 2025, succeeding John Thayer who will transition to a senior advisory role [1][4]. Group 1: Leadership Transition - Heath Sorenson will take on the role of executive vice president, managing director, and CEO of Associated Trust Company, focusing on comprehensive wealth management solutions [1][2]. - John Thayer, the current CEO, has been with Associated Bank since 2000 and has played a significant role in unifying the wealth management business and driving revenue growth [4][5]. Group 2: Experience and Qualifications - Sorenson brings over 25 years of wealth management experience, having previously served as COO of Midland Wealth Management and president of Midland Trust Company [3][5]. - He holds a bachelor's degree in accountancy and an MBA, along with multiple financial certifications including CFP®, CFIRS™, and CTOP [5]. Group 3: Company Overview - Associated Banc-Corp has total assets of $42 billion and operates nearly 200 banking locations across Wisconsin, Illinois, and Minnesota, making it the largest bank holding company based in Wisconsin [6][7]. - The company offers a full range of financial products and services and has loan production offices in several states including Indiana, Michigan, and Texas [7].

Core Viewpoint - Associated Banc-Corp (ASB) is undertaking balance sheet repositioning transactions aimed at supporting its organic growth strategy, despite anticipating a net loss in the fourth quarter of 2024 [1][6]. Group 1: Balance Sheet Repositioning Details - ASB sold approximately $1.3 billion of investment securities with an average yield of 1.87% and plans to sell $0.7 billion of low-yielding mortgage loans, primarily from single-product relationships, with the sale expected to close in the first quarter of 2025 [2]. - The repositioning transactions are projected to result in a post-tax loss of $253 million, but ASB reinvested the proceeds from the sale of investment securities into nearly $1.5 billion of higher-yielding securities, which will yield an average of 5.08% [3]. Group 2: Financial Impact and Projections - On a proforma basis, the repositioning is expected to add approximately $15.8 million to the net interest income for the third quarter of 2024 and increase the net interest margin by 19 basis points [4]. - The strategy is anticipated to enhance ASB's earnings, boost capital, and provide additional capacity for loan growth, while also reducing the percentage of residential mortgage loans relative to total loans [4]. Group 3: Market Performance and Peer Comparison - ASB's shares have increased by 22.8% over the past three months, outperforming the industry average of 20.8% [7]. - In comparison, peers such as Civista Bancshares (CIVB) and MidWestOne Financial Group (MOFG) have also shown strong performance, with CIVB's shares gaining 38.1% and MOFG's shares increasing by 19.6% in the same period [10][11].

GREEN BAY, Wis., Dec. 4, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced balance sheet repositioning transactions to accelerate the Company's organic growth strategy. Pursuant to the terms of the transactions, Associated sold approximately $1.3 billion of investment securities and has agreed to sell approximately $0.7 billion in mortgage loans, primarily in single-product relationships. The sale of the mortgage loans is expected to close in the first quarter of 2025."We are now three y ...

For those in the States, I wish you a Happy Thanksgiving! Depending on when you are reading this, you might be taking a well-earned nap, watching football, or enjoying the company of family. While we enjoy the holiday season, another joy in financial lifeDerek is an individual investor seeking to navigate the investment world to provide a wealthy and stable retirement for his family. He aims to help fellow investors, notably younger investors, establish a plan to produce a growing income stream. Derek holds ...

GREEN BAY, Wis., Nov. 14, 2024 /PRNewswire/ -- Associated Banc-Corp ("Associated") (NYSE: ASB) today announced the pricing of a public offering of 12,000,000 shares of its common stock, $0.01 par value (the "Common Stock"), at a public offering price of $25.00 per share, for aggregate gross proceeds of $300 million.In addition, Associated Banc-Corp has granted the underwriters an option to purchase up to an additional 1,800,000 shares of its Common Stock for 30 days following the date of this pricing. The o ...

GREEN BAY, Wis., Nov. 14, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced a proposed public offering of 11,500,000 shares of its common stock, $0.01 par value (the "Common Stock").In addition, Associated Banc-Corp ("Associated") expects to grant the underwriters for the offering an option to purchase up to an additional 1,725,000 shares of its Common Stock sold in the offering for 30 days following the date of the pricing of the offering.Associated expects to use the net proceeds from ...