Associated Banc Corp (N:ASB)

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 433 Main St
GREEN BAY WI 54301-5114
Tel: 1-920-4917059
Website: https://www.associatedbank.com
IR: See website
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Key People
William R. Hutchinson
Independent Chairman of the Board
Matthew R. Braeger
Executive Vice President and Chief Audit Executive
Philip B. Flynn
President, Chief Executive Officer, Director
Christopher J. Del Moral-Niles
Chief Financial Officer, Executive Vice President
Angie M. DeWitt
Chief Human Resource Officer, Executive Vice President
Michael O. Meinolf
Executive Vice President, Chief Information Officer
Nicole M. Kitowski
Executive Vice President, Chief Risk Officer
Randall J. Erickson
Executive Vice President, General Counsel, Corporate Secretary
Patrick E. Ahern
Executive Vice President, Chief Credit Officer
William M. Bohn
Executive Vice President, Head of Wealth Management and Institutional Services
   
Business Overview
Associated Banc-Corp is a bank holding company. The Company, through its banking subsidiary Associated Bank, National Association (the Bank) and various nonbanking subsidiaries, provides a range of banking and non-banking products and services to individuals. The Company operates through three segments: Corporate and Commercial Specialty; Community, Consumer, and Business, and Risk Management and Shared Services. The Corporate and Commercial Specialty segment consists of lending and deposit solutions to businesses, developers, not-for-profits, municipalities and financial institutions. The Corporate and Commercial Specialty segment consists of lending and deposit solutions to businesses, developers, not-for-profits, municipalities and financial institutions. The Risk Management and Shared Services segment includes Corporate Risk Management, Credit Administration, Finance, Treasury, Operations and Technology, which are shared functions.
Financial Overview
For the six months ended 30 June 2020, Associated Banc Corp interest income decreased 20% to $488.1M. Net interest income after loan loss provision decreased 5% to $392.8M. Net income applicable to common stockholders increased 14% to $185.3M. Net interest income after loan loss provision reflects Community, Consumer and Business segment decrease of 65% to $64.4M, Corporate and Commercial Speciality segment decrease of 52% to $86.6M.
Employees: 4,669 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $3,706M as of Jun 30, 2020
Annual revenue (TTM): $1,049M as of Jun 30, 2020
EBITDA (TTM): $746.43M as of Jun 30, 2020
Net annual income (TTM): $332.07M as of Jun 30, 2020
Free cash flow (TTM): $602.81M as of Jun 30, 2020
Net Debt Last Fiscal Year: $1,297M as of Jun 30, 2020
Shares outstanding: 153,684,573 as of Aug 3, 2020
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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