Associated Banc-Corp (NYSE:ASB) Q1 2025 Earnings Conference Call April 24, 2025 5:00 PM ET Company Participants Andrew Harmening - President and CEO Derek Meyer - EVP and CFO Patrick Ahern - EVP, CCO, and President, Chicago Market Conference Call Participants Timur Braziler - Wells Fargo Securities Daniel Tamayo - Raymond James Scott Siefers - Piper Sandler Jared Shaw - Barclays Jon Arfstrom - RBC Capital Markets Casey Haire - Autonomous Terry McEvoy - Stephens Chris McGratty - KBW Operator Good afternoon ...

Associated Banc-Corp (ASB) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.51%. A quarter ago, it was expected that this bank holding company would post earnings of $0.55 per share when it actually produced earnings of $0.57, delivering a surprise of 3.64%. Over the last four quart ...

Exhibit 99.1 NEWS RELEASE Investor Contact: Ben McCarville, Senior Vice President, Director of Investor Relations 920-491-7059 Media Contact: Andrea Kozek, Vice President, Public Relations Senior Manager 920-491-7518 Associated Banc-Corp Reports First Quarter 2025 Net Income Available to Common Equity of $99 Million, or $0.59 per Common Share GREEN BAY, Wis. -- April 24, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of ...

Core Viewpoint - Associated Banc-Corp reported a strong financial performance for the first quarter of 2025, with net income of $99 million, a significant recovery from a loss in the previous quarter and an increase compared to the same period last year [1][2]. Financial Performance - Net income available to common equity was $99 million, or $0.59 per share, compared to a loss of $164 million, or $1.03 per share in Q4 2024, and earnings of $78 million, or $0.52 per share in Q1 2024 [1]. - The first quarter 2025 net interest income was $286 million, an increase of $16 million from the prior quarter and $28 million from the same period last year [7]. - Noninterest income totaled $59 million, an increase of $266 million from the prior quarter but a decrease of $6 million, or 10%, from the same period last year [11]. Loan and Deposit Growth - Average total loans for Q1 2025 were $30.1 billion, a decrease of $91 million from the prior quarter but an increase of 3%, or $742 million, from the same period last year [5]. - Average deposits for Q1 2025 were $34.8 billion, an increase of 1%, or $496 million, from the prior quarter and an increase of 5%, or $1.6 billion, from the same period last year [6]. Capital and Credit Quality - The CET1 capital ratio was 10.11% as of March 31, 2025, indicating a strong capital position [16]. - The provision for credit losses on loans was $13 million, down from $17 million in the prior quarter and $24 million in the same period last year [15]. Strategic Initiatives - The company achieved key milestones in its strategic plan, including commercial expansion and a record-high net promoter score, contributing to a solid financial quarter [2]. - The company expects loan growth of 5% to 6% and deposit growth of 1% to 2% for the year 2025 compared to the year ended December 31, 2024 [5][6].

Wall Street analysts expect Associated Banc-Corp (ASB) to post quarterly earnings of $0.57 per share in its upcoming report, which indicates a year-over-year increase of 9.6%. Revenues are expected to be $350.71 million, up 7.4% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a company's earnings disclosure, it is cru ...

GREEN BAY, Wis., April 23, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced that Julio Manso will succeed Angie DeWitt as its chief human resources officer effective June 2, 2025.  Associated announced DeWitt's plans to retire as CHRO earlier today, and she will remain with Associated for a period of time after her retirement as CHRO to assure a successful transition to Manso.  Julio Manso, Associated Bank Manso, 57, joins Associated from KeyBank, N.A., where he has s ...

Core Points - Angie DeWitt, Chief Human Resources Officer of Associated Banc-Corp, will retire on June 2, 2025, after a 17-year career with the company [1][2] - DeWitt joined Associated Bank in 2008 and became CHRO in 2019, significantly contributing to the bank's organizational success [2][3] - Her legacy includes streamlining financial processes, implementing talent management programs, and launching refreshed Core Values for the organization [2][3] Company Overview - Associated Banc-Corp has total assets of $43 billion and is the largest bank holding company based in Wisconsin [4] - The company operates nearly 200 banking locations across Wisconsin, Illinois, Minnesota, and Missouri, and has loan production offices in several other states [4]

GREEN BAY, Wis., April 22, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) announced today that Management expects to meet with investors during the following events in the second quarter of 2025: Piper Sandler Upper Midwest Bank Forum in Minneapolis, MN on April 30, 2025 2025 RBC Capital Markets US Banks Fixed Income Investor Symposium (virtual) on May 1, 2025 2025 Wells Fargo Financial Services Conference in Chicago, IL on May 13-14, 2025 Citi's 2025 Regional Bank Access Day in New York, NY on June ...

Core Insights - Associated Banc-Corp has opened a new branch in St. Louis, Missouri, marking its entry into the state and demonstrating its commitment to organic growth in the Midwest [1][2] Company Expansion - The new branch is located at Dellwood Crossing Shopping Center, covering approximately 6,000 square feet, and aims to capture new market opportunities [1] - The branch is part of a broader Missouri expansion strategy that began in 2023, which includes hiring commercial and industrial relationship managers and private banking staff [2] - Currently, Associated has 20 employees in Missouri, with the new branch creating seven additional jobs [2] Community Engagement - The Dellwood branch will feature a Community Advocacy Center and will employ a community accountability officer and an affordable lending officer [2] - The branch will also provide meeting space for over 30 people and support local community initiatives through various educational programs [6] Market Presence - Associated Bank has been present in the Southern Illinois market since 1997 and has operated a loan production office in Missouri since 2006 [3] - The St. Louis market is identified as a natural extension of Associated's footprint, with the city representing the bank's sixth largest metropolitan area, accounting for 3.6% of total deposits [3] Company Overview - Associated Banc-Corp has total assets of $43 billion and is the largest bank holding company based in Wisconsin, serving over 100 communities across multiple states [4]

Market Overview - U.S. equities experienced a decline, with the Dow Jones Industrial Average dropping 320 points due to escalating trade tensions and the announcement of 104% tariffs on Chinese imports [1] - The S&P 500 and Nasdaq Composite indices also fell, decreasing by 1.6% and 2.2% respectively [1] Economic Implications - Analysts speculate that the new tariffs could exacerbate economic challenges, raising concerns about a potential recession and influencing future Federal Reserve interest rate decisions [2] - In this context, value stocks may become attractive as they typically trade below intrinsic value, providing a margin of safety during market volatility [2] Valuation Metrics - The Price to Cash Flow (P/CF) ratio is highlighted as an effective metric for evaluating value stocks, as it reflects a company's cash generation ability relative to its market price [3][4] - A lower P/CF ratio indicates better value, while cash flow is considered more reliable than earnings, which can be influenced by accounting practices [5] Investment Strategy - A comprehensive investment strategy should include multiple valuation metrics such as price-to-book, price-to-earnings, and price-to-sales ratios, along with a favorable Zacks Rank and Value Score [7] - Parameters for selecting true-value stocks include P/CF less than or equal to the industry median, a minimum stock price of $5, and an average 20-day trading volume exceeding 100,000 [8] Company Analysis - StoneCo Ltd. (STNE) has a Zacks Rank of 1, with a trailing four-quarter earnings surprise of 5.8% and a Value Score of B, despite a 36.9% decline in shares over the past year [11][12] - Associated Banc-Corp (ASB) holds a Zacks Rank of 2, with expected sales growth of 9.9% and EPS growth of 2.1% for the current financial year, while shares have decreased by 8.1% [12][13] - EnerSys (ENS) also has a Zacks Rank of 2, with projected sales growth of 1% and EPS growth of 19.8%, and a Value Score of A, despite a 13.4% drop in shares [14] - General Motors (GM) carries a Zacks Rank of 2, with an expected EPS growth of 8.6% and a trailing earnings surprise of 15.8%, while shares have dipped by 3.3% [15]