Financial Data and Key Metrics Changes - The company reported diluted EPS of $0.56 per share for Q3 2024, with core customer deposits growing by over 2% from the prior quarter and the same period last year [8][10] - Total loans increased by over 1%, driven by growth in commercial and industrial (C&I) loans and steady production in the auto segment [9][15] - Net interest income (NII) rose by $6 million during the quarter, reaching $253 million, with a net interest margin of 2.78%, reflecting a 3 basis point increase [19][24] Business Line Data and Key Metrics Changes - On the consumer side, the company has transformed its digital banking platform, leading to the highest net promoter and mobile banking satisfaction scores on record in 2024 [6][14] - The commercial segment is seeing momentum with the addition of experienced leaders and a new specialty deposit and payment solutions vertical [7][13] - Core customer deposit growth was primarily driven by customer CDs, with a 2% increase relative to Q2 2024 [16] Market Data and Key Metrics Changes - Unemployment in Wisconsin is at 2.9%, indicating a stable economic environment in the Midwest, which supports the company's performance [4][5] - The company expects core customer deposit growth to finish 2024 at the lower end of the original 3% to 5% growth range [17][32] Company Strategy and Development Direction - The company is focused on executing its Phase 2 initiatives, which include enhancing customer experience and expanding its commercial team [11][13] - The strategic plan aims for cumulative incremental commercial loan growth of $750 million and cumulative incremental deposit balances of $2.5 billion by the end of 2025 [13][14] - The company is committed to maintaining a conservative approach to credit risk management while diversifying its loan portfolio [10][15] Management's Comments on Operating Environment and Future Outlook - Management noted signs of resiliency in the Midwestern economy despite a slowing U.S. economy, with strong asset quality trends [4][5] - The company expects net interest income growth of between 0% and 1% for 2024, reflecting a cautious outlook on the rate environment [19][33] - Management remains confident in the quality of the loan portfolio and does not anticipate significant credit stress in the near term [26][29] Other Important Information - The company has seen a decrease in nonaccruals and net charge-offs, with a net charge-off ratio of 0.18% [10][29] - The CET1 ratio increased to 9.72%, the highest since Q1 2022, reflecting improved profitability and capital management [24][25] Q&A Session Summary Question: Margin outlook and funding opportunities - Management indicated confidence in managing margin with a focus on short-term funding and a strong retention rate on customer CDs [34][35] Question: Lender hiring impact on loan growth - The company reported a significant increase in relationship managers (RMs) and a corresponding increase in the pipeline of loans with a high probability of closing [37][38] Question: Loan growth expectations for Q4 - Management expressed confidence in loan growth driven by new hires and a healthy commercial real estate market, despite potential decreases in payoffs [42][44] Question: Increase in criticized loans - Management clarified that the increase in criticized loans is not indicative of systemic issues but rather normal business adjustments [46][47] Question: Securities portfolio cash flow expectations - The company expects modest growth in the securities portfolio, with a differential in roll-off and roll-on yields of approximately 25 to 50 basis points [50][51] Question: Long-term expense outlook - Management indicated a focus on maintaining positive operating leverage while managing expenses and investing in growth initiatives [52][53]

For the quarter ended September 2024, Associated Banc-Corp (ASB) reported revenue of $329.73 million, up 1.3% over the same period last year. EPS came in at $0.56, compared to $0.53 in the year-ago quarter.The reported revenue represents a surprise of -2.02% over the Zacks Consensus Estimate of $336.52 million. With the consensus EPS estimate being $0.51, the EPS surprise was +9.80%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wa ...

Associated Banc-Corp (ASB) came out with quarterly earnings of $0.56 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.80%. A quarter ago, it was expected that this bank holding company would post earnings of $0.52 per share when it actually produced earnings of $0.52, delivering no surprise.Over the last four quarters, the c ...

Third Quarter 2024 Earnings Presentation OCTOBER 24, 2024 Forward-Looking Statements 1 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. Suc ...

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 Third Quarter 2024 Net Income Available to Common Equity of $85 Million, or $0.56 per Common Share GREEN BAY, Wis. -- October 24, 2024 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $85 million, or $0.5 ...

GREEN BAY, Wis., Oct. 24, 2024 /PRNewswire/ --Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $85 million, or $0.56 per common share, for the quarter ended September 30, 2024. These amounts compare to earnings of $113 million, or $0.74 per common share, for the quarter ended June 30, 2024 and earnings of $80 million, or $0.53 per common share, for the quarter ended September 30, 2023."In the first nine months of 2024, we've re ...

Core Viewpoint - Analysts project that Associated Banc-Corp (ASB) will report quarterly earnings of $0.51 per share, reflecting a year-over-year decline of 3.8%, while revenues are expected to increase by 3.4% to $336.52 million [1] Earnings Estimates - There has been a downward revision of 1.6% in the consensus EPS estimate over the last 30 days, indicating a reconsideration of initial forecasts by analysts [1] - The average balance of total earning assets is estimated to reach $38,615.42 million, compared to $38.08 billion a year ago [2] - Total nonperforming assets are projected at $167.97 million, down from $177.67 million year-over-year [2] - The fully tax-equivalent efficiency ratio is expected to be 60.0%, an increase from 58.5% a year ago [2] Revenue and Income Projections - Net Interest Income (FTE) is forecasted to be $270.49 million, up from $259.05 million in the same quarter last year [3] - Capital markets, net, is estimated at $5.03 million, down from $5.37 million year-over-year [3] - Mortgage banking, net, is expected to decline to $3.08 million from $6.50 million a year ago [3] - Card-based fees are projected at $12.05 million, compared to $11.51 million last year [3] - Service charges and deposit accounts fees are expected to reach $12.01 million, down from $12.86 million in the same quarter last year [3] - Wealth management fees are anticipated to increase to $22.80 million from $20.83 million year-over-year [3] Noninterest Income - Total Noninterest Income is estimated at $66.37 million, slightly down from $66.58 million in the same quarter last year [4] - Other fee-based revenue is projected to reach $5.02 million, up from $4.51 million a year ago [4] Stock Performance - Shares of Associated Banc-Corp have returned +4.8% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [4]

Rick Bruhn joins bank as senior vice president and head of Specialty Deposits and Payment Solutions MILWAUKEE, Oct. 22, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) (Associated) Rick Bruhn has joined Associated Bank as senior vice president and head of the Specialty Deposit and Payment Solutions national vertical. Bruhn is responsible for collaborating with internal and external partners to build this new business vertical within the bank. In addition, he is responsible for driving the specialty de ...

The market expects Associated Banc-Corp (ASB) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on October 24, 2024, might help the stock move higher if these key ...

GREEN BAY, Wis., Sept. 26, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) today announced it expects to release third quarter 2024 financial results on Thursday, October 24, 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 dia ...