Associated Banc-Corp cleared earnings expectations on the strength of its American National Corporation acquisition, which added $3.7B in loans and $4.4B in deposits while pushing net interest income up 23% year-over-year. Management raised full-year loan growth guidance to 18%-20% and introduced net interest income growth guidance of 19%-21%, though nonaccrual loans jumped 36% sequentially to $150M.
Associated Banc-Corp :
ASB
ASB
Stock Data
$30.97
$0.37 (1.18%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
FINANCIAL SERVICES
Industry
BANKS - REGIONAL
Associated Banc-Corp, based in Green Bay, Wisconsin, is a bank holding company serving Wisconsin, Illinois, and Minnesota. It offers a wide range of financial products and services to both individuals and businesses. These include various lending options like commercial and residential loans, deposit and cash management services, specialized financial services including foreign exchange and risk management, as well as investment and fiduciary services. Founded in 1861, it aims to meet the comprehensive financial needs of its customers through a blend of traditional banking and innovative solutions.
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