Core Insights - Associated Banc-Corp reported revenue of $345.78 million for Q4 2024, a year-over-year increase of 7.3% and exceeding the Zacks Consensus Estimate of $343.34 million by 0.71% [1] - The company achieved an EPS of $0.57, up from $0.53 a year ago, with a surprise of 3.64% compared to the consensus estimate of $0.55 [1] Financial Performance Metrics - Annualized year-to-date net charge offs to year-to-date average loans were 0.2%, better than the estimated 0.3% [4] - Average balance of total earning assets was $38.88 billion, slightly above the estimated $38.75 billion [4] - Net interest margin was reported at 2.8%, below the estimated 2.9% [4] - Total nonperforming assets amounted to $144.16 million, lower than the estimated $148.76 million [4] - Fully tax-equivalent efficiency ratio was 61.1%, higher than the estimated 59.5% [4] - Net interest income (FTE) was $273.97 million, below the estimated $277.90 million [4] - Wealth management fees reached $24.10 million, exceeding the estimated $23.52 million [4] - Service charges and deposit account fees were $13.23 million, slightly above the estimated $13.19 million [4] - Card-based fees totaled $11.95 million, slightly below the estimated $12.03 million [4] - Total noninterest income was $71.82 million, surpassing the estimated $66.70 million [4] - Capital markets net income was $9.03 million, significantly above the estimated $4.59 million [4] - Mortgage banking net income was $3.39 million, exceeding the estimated $2.09 million [4] Stock Performance - Shares of Associated Banc-Corp returned +4.7% over the past month, outperforming the Zacks S&P 500 composite's +2.7% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market [3]

Associated Banc-Corp (ASB) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.55 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 3.64%. A quarter ago, it was expected that this bank holding company would post earnings of $0.51 per share when it actually produced earnings of $0.56, delivering a surprise of 9.80%.Over the last four quarter ...

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 Full Year 2024 Earnings of $0.72 Per Common Share, or $2.38 Per Common Share Excluding Nonrecurring Items Recognized During the Fourth Quarter 1 GREEN BAY, Wis. -- January 23, 2025 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income availabl ...

GREEN BAY, Wis., Jan. 23, 2025 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of $112 million, or $0.72 per common share for the year ended December 31, 2024. These amounts compare to earnings of $171 million, or $1.13 per common share, for the year ended December 31, 2023. For the quarter ended December 31, 2024, the Company reported a loss of $164 million, or $1.03 per common share. These amounts compare to a l ...

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].