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 ...

Group 1 - Associated Banc-Corp announced the retirement of Tammy C. Stadler, Executive Vice President, Corporate Controller and Chief Accounting Officer, effective July 15, 2024, with a consultative role until September 1, 2024 [1] - Ryan Beld, currently the Assistant Controller, will succeed Stadler in the roles of Corporate Controller and Chief Accounting Officer [1] - Beld joined Associated in 2020 and has prior experience as a senior financial analyst with Northwestern Mutual and as a CPA with KPMG LLP [1] Group 2 - Associated Banc-Corp has total assets of $41 billion and is the largest bank holding company based in Wisconsin [2] - The company operates nearly 200 banking locations serving over 100 communities in Wisconsin, Illinois, and Minnesota, with additional loan production offices in several other states [2]

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]

Over 2,400 Associate Bank employees are likely to participate in hundreds of activities benefiting 200+ community organizations across Wisconsin, Illinois and Minnesota GREEN BAY, Wis., May 29, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") announced plans for its 2024 Stock the Box and Day of Service initiatives, an annual food drive and volunteer event that mobilizes thousands of employees across the bank's footprint to give back to their local communities. In its second year, the 20 ...

Associated Banc-Corp. (ASB) remains well-positioned for revenue growth on the back of solid loans and deposit balance alongside higher rates. Further, strategic initiatives and a strong balance sheet are likely to bolster operational efficiency. However, an elevated expense base, worsening asset quality and concentrated loan portfolio remain challenges.Associated Banc-Corp.’s organic growth strategy is reflected in its robust loans and deposit balances and efforts to boost fee income. Though the company’s r ...

Core Viewpoint - Associated Banc-Corp is effectively navigating the challenges of maintaining deposits and rising interest expenses, making its baby bond an attractive option for income investors [1][18]. Company Financials - The bank's net interest income has increased and stabilized, surpassing pre-pandemic levels due to rising interest rates [4][9]. - Associated Banc-Corp has experienced a 10% year-over-year growth in deposits, marking eight consecutive quarters of deposit growth, which is crucial for managing interest expenses [12]. - Despite a decline in lending in the fourth quarter, the bank has maintained year-over-year lending growth since Q1 2022 and has utilized excess capital to purchase agency and Treasury securities, which increased by $100 million in the first quarter [12]. Risks - The bank has exposure to commercial real estate loans, particularly those classified as investor or non-owner occupied, which make up approximately 17% of total loans, with office loans constituting only 3% [14]. - Uninsured deposits pose a risk, but the bank has improved its liquidity, achieving 115% coverage for liquidity available within one business day, up from 81% during the regional banking crisis [15]. - The baby bond has a reset feature in March 2028, which introduces interest rate risk, as the yield may decline if rates are significantly lower at that time [16]. Conclusion - Associated Banc-Corp is positioned well within the banking sector, with common shares at a 52-week high and preferred shares offering minimal dividend risk. The baby bond is highlighted as a safer investment with a higher income potential, making it a recommended option for income investors [18].

The three-year community commitment will help uplift and enable customers to succeed across the bank's footprint GREEN BAY, Wis., May 15, 2024 /PRNewswire/ -- Associated Banc-Corp (NYSE: ASB) ("Associated") today announced its $2 billion Community Commitment Plan ("CCP") that will uphold its dedication to the communities it supports and empowers. The 2024-2026 CCP marks Associated's fourth three-year commitment since 2016, which has resulted in $9 billion contributed to communities across Wisconsin, Minneso ...