Associated Banc-Corp (ASB) came out with quarterly earnings of $0.52 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this bank holding company would post earnings of $0.49 per share when it actually produced earnings of $0.52, delivering a surprise of 6.12%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Associated Banc ...

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 ...

Exhibit 99.1 NEWS RELEASE Investor Contact: Ben McCarville, Vice President, Director of Investor Relations 920-491-7059 Media Contact: Andrea Kozek, Senior Manager, Public Relations 920-491-7518 Associated Banc-Corp Reports Second Quarter 2024 Earnings of $0.74 per Common Share, or $0.52 per Common Share Excluding a One Time Item Recognized During the Quarter 1 GREEN BAY, Wis. -- July 25, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equit ...

GREEN BAY, Wis., July 25, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024. Excluding a one time tax benefit recognized during the quarter ended June 30, 2024, Associated reported earnings of $80 million, or $0.52 per common share. These amounts compare to earnings of $78 million, or $0.52 per common share, for the quarter ended Ma ...

The upcoming report from Associated Banc-Corp (ASB) is expected to reveal quarterly earnings of $0.52 per share, indicating a decline of 7.1% compared to the year-ago period. Analysts forecast revenues of $331.36 million, representing an increase of 1% year over year.The current level reflects an upward revision of 2.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this p ...

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Associated Banc-Corp (ASB) , which belongs to the Zacks Banks - Midwest industry.When looking at the last two reports, this bank holding company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 4.02%, on average, in the last two quarters.For the last reported quarter, Associated Banc-Corp came out with earning ...

Investors with an interest in Banks - Midwest stocks have likely encountered both Associated Banc-Corp (ASB) and Huntington Bancshares (HBAN) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings est ...

GREEN BAY, Wis., June 28, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced today that Tammy C. Stadler, 58, Executive Vice President, Corporate Controller and Chief Accounting Officer, will retire from those positions effective July 15, 2024. Stadler will remain with Associated in a consultative capacity until September 1, 2024, to assure a successful transition of her duties. Stadler will be succeeded as Corporate Controller and Chief Accounting Officer by Ryan Beld, 35.Beld, ...

GREEN BAY, Wis., June 26, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced it expects to release second quarter 2024 financial results on Thursday, July 25, 2024, after market close. The Company also expects to host a conference call for investors and analysts at 4:00 p.m. Central Time (CT) on the same day.Interested parties can access the live webcast of the call through the Investor Relations section of the Company's website, http://investor.associatedbank.com. Parties may also dial i ...

Core Viewpoint - Associated Banc-Corp's (ASB) outlook has been reaffirmed as stable by Moody's Investors Service, maintaining its Baa3 standalone baseline credit assessment and issuer rating for long-term senior unsecured notes [1][2] Group 1: Reasons for Affirming the Ratings - The affirmation reflects a balance between credit headwinds from a concentrated portfolio in commercial real estate (CRE) loans and mitigating qualitative and quantitative factors [2] - ASB's CRE exposure, which represents 241% of its tangible common equity (TCE) as of March 31, 2024, may pressure asset quality and profitability due to the high interest rate environment [2] - ASB's TCE/risk-weighted assets (RWA) ratio was 9.3% as of March 31, 2024, indicating relative weakness in capitalization compared to peers, which magnifies the impact of CRE [2] Group 2: Portfolio Composition and Management - CRE loans constitute only 25% of ASB's total loans, which is lower than many regional banks, and the largest CRE exposures are well-underwritten and managed [3] - The company's long-run profitability, with a five-year average net income/tangible assets of 0.8% from 2019 to 2023, is deemed sufficient to mitigate CRE concentration risks at the current rating level [3] Group 3: Liquidity and Profitability Metrics - ASB's balance sheet liquidity is considered a relative weakness, with liquid banking assets comprising 15.6% of tangible banking assets [4] - Core deposit funding is adequate, with approximately 77% of deposits insured and collateralized, despite depositors switching to higher interest accounts [4] - Profitability metrics are moderate, with a marginal improvement expected in 2024 due to balance sheet repositioning efforts, including the sale of low-yield residential loans [4][5] Group 4: Outlook and Potential Rating Changes - The stable outlook is primarily due to ASB's concentrated loan portfolio in CRE and weaker capital and liquidity compared to peers, although insured deposit mix and well-managed CRE loans mitigate default risk [6] - Ratings could be upgraded if TCE/RWA ratio exceeds 10.5%, pre-provision profitability improves, and loan losses decrease [7] - Ratings could be downgraded if asset quality worsens or if TCE/RWA ratio falls below 9% [8] Group 5: Market Performance - Shares of Associated Banc-Corp have increased by 22.1% over the past year, outperforming the industry's growth of 15.4% [9]