Associated Banc-Corp (N:ASB)

Business Focus: Commercial Banks

Sector:  Financials Industry:  Banks
 
See Regulatory Filings on SEC
Company Contact
Address: 433 Main St
GREEN BAY WI 54301
Tel: 1-920-4917059
Website: https://www.associatedbank.com
IR: See website
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Key People
Andrew J. Harmening
President, Chief Executive Officer, Director
Matthew R. Braeger
Executive Vice President and Chief Audit Executive
Derek S. Meyer
Chief Financial Officer, Executive Vice President
Angie M. Dewitt
Chief Human Resource Officer, Executive Vice President
Tammy C. Stadler
Executive Vice President, Chief Accounting Officer, Corporate Controller
Terry Williams
Executive Vice President, Chief Information Officer
Bryan Carson
Executive Vice President, Chief Product and Marketing 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
   
Business Overview
Associated Banc-Corp is a bank holding company. The Company, through Associated Bank and various nonbanking subsidiaries, provides a range of banking and nonbanking products and services to individuals and businesses. The Company is a banking franchise, offering a full range of financial products and services from about 196 banking locations serving more than 100 communities throughout Wisconsin, Illinois, and Minnesota. The Company's Corporate and Commercial Specialty segment consists of lending and deposit solutions to larger businesses, developers, not-for-profits, municipalities, and financial institutions, and the support to deliver, fund, and manage such banking solutions. Its Community, Consumer, and Business segment consists of lending and deposit solutions to individuals and small to mid-sized businesses. The Company's Risk Management and Shared Services segment includes key shared corporate functions, parent company activity, intersegment eliminations, and others.
Financial Overview
For the fiscal year ended 31 December 2023, Associated Banc-Corp interest income increased 71% to $1.96B. Net interest income after loan loss provision increased 3% to $956.6M. Net income applicable to common stockholders decreased 52% to $170.4M. Net interest income after loan loss provision reflects Corporate and Commercial Speciality segment increase of 75% to $902.2M, Net Interest Margin, Total -% increase from 0.22 to 2.81%.
Employees: 4,100 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $3,772M as of Dec 31, 2023
Annual revenue (TTM): $1,958M as of Dec 31, 2023
EBITDA (TTM): $525.47M as of Dec 31, 2023
Net annual income (TTM): $170.43M as of Dec 31, 2023
Free cash flow (TTM): $239.89M as of Dec 31, 2023
Net Debt Last Fiscal Year: $383.67M as of Dec 31, 2023
Shares outstanding: 150,264,406 as of Mar 7, 2024
Index Membership: S&P 400 Mid Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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