Associated Banc-p(ASB)2025-01-24 00:57Financial Data and Key Metrics - The company raised over $300 million of new capital through a common stock issuance [2] - The company sold approximately $700 million in low-yielding mortgage loans and $1.3 billion worth of AFS securities as part of a balance sheet repositioning [2] - The company purchased $55 million in existing customer credit card balances [3] Business Line Data and Key Metrics - The company launched a new specialty deposit and payment solutions vertical to enhance its commercial capabilities [2] Market Data and Key Metrics - Unemployment rates in Wisconsin, Minnesota, and several other Midwestern states remain well below the national average of 4.1% [2] - Prime and super prime consumer borrowers have remained resilient, and commercial customers are cautiously optimistic about their growth prospects in 2025 [2] Company Strategy and Industry Competition - The company remains front-footed with the execution of its growth strategy, leveraging the stable economic environment in the Midwest [2] Management Commentary on Operating Environment and Future Outlook - The US economy, particularly in the Midwest, shows signs of strength and stability, which has supported the company's strategic initiatives [2] - Commercial customers are cautiously optimistic about growth prospects in 2025, reflecting a positive outlook for the company's business environment [2] Other Important Information - The company's Chief Financial Officer, Derek Meyer, and Chief Credit Officer, Pat Ahern, provided updates on margin, income statement, capital trends, and credit during the call [1] Q&A Session - No specific Q&A details were provided in the content