Associated Banc corp (NYSE: ASB) |
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Price: $25.7000
$0.33
1.301%
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Day's High:
| $25.85
| Week Perf:
| 0.63 %
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Day's Low: |
$ 25.25 |
30 Day Perf: |
12.62 % |
Volume (M): |
2,010 |
52 Wk High: |
$ 28.18 |
Volume (M$): |
$ 51,652 |
52 Wk Avg: |
$23.41 |
Open: |
$25.34 |
52 Wk Low: |
$18.32 |
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Market Capitalization (Millions $) |
4,282 |
Shares
Outstanding (Millions) |
167 |
Employees |
4,600 |
Revenues (TTM) (Millions $) |
986 |
Net Income (TTM) (Millions $) |
144 |
Cash Flow (TTM) (Millions $) |
381 |
Capital Exp. (TTM) (Millions $) |
44 |
Associated Banc Corp
Through Associated Bank and various nonbanking subsidiaries, we provide a broad
array of banking and nonbanking products and services to individuals and businesses
through over 200 banking offices serving more than 100 communities, primarily
within our three state branch footprint (Wisconsin, Illinois, and Minnesota).
Our business is primarily relationship-driven and is organized into three reportable
segments: Corporate and Commercial Specialty; Community, Consumer, and Business;
and Risk Management and Shared Services.
Corporate and Commercial Specialty — The Corporate and Commercial Specialty
segment serves a wide range of customers, including larger businesses, developers,
not-for-profits, municipalities, and financial institutions. In serving this
segment, we compete based on an in-depth understanding of our customers’
financial needs, the ability to match market competitive solutions to those
needs, and the highest standards of relationship and service excellence in the
delivery of these services. Delivery of services is provided through our corporate
and commercial units, our commercial real estate unit, as well as our specialized
industries and commercial financial services units. Within this segment we provide
the following products and services: (1) lending solutions, such as commercial
loans and lines of credit, commercial real estate financing, construction loans,
letters of credit, leasing, asset based lending and, for our larger clients,
loan syndications; (2) deposit and cash management solutions such as commercial
checking and interest-bearing deposit products, cash vault and night depository
services, liquidity solutions, payables and receivables solutions, and information
services; and (3) specialized financial services such as interest rate risk
management, foreign exchange solutions, and commodity hedging.
Community, Consumer, and Business — The Community, Consumer, and Business
segment serves individuals, as well as small and mid-size businesses. In serving
this segment, we compete based on providing a broad range of solutions to meet
the needs of our customers in their entire financial lifecycle, convenient access
to our services through multiple channels such as branches, phone based services,
online and mobile banking, and a relationship based business model which assists
our customers in navigating any changes and challenges in their financial circumstances.
Delivery of services is provided through our various Consumer Banking, Community
Banking, and Private Client units. Within this segment we provide the following
products and services: (1) lending solutions such as residential mortgages,
home equity loans and lines of credit, personal and installment loans, real
estate financing, business loans, and business lines of credit; (2) deposit
and transactional solutions such as checking, credit, debit and pre-paid cards,
online banking and bill pay, and money transfer services; (3) investable funds
solutions such as savings, money market deposit accounts, IRA accounts, certificates
of deposit, fixed and variable annuities, full-service, discount and on-line
investment brokerage; investment advisory services; trust and investment management
accounts; (4) insurance and benefits-related products and services; and (5)
fiduciary services such as administration of pension, profit-sharing and other
employee benefit plans, fiduciary and corporate agency services, and institutional
asset management.
Risk Management and Shared Services — The Risk Management and Shared Services
segment includes Corporate Risk Management, Credit Administration, Finance,
Treasury, Operations and Technology, which are key shared functions. The segment
also includes Parent Company activity, intersegment eliminations and residual
revenue and expenses, representing the difference between actual amounts incurred
and the amounts allocated to operating segments, including interest rate risk
residuals (funds transfer pricing mismatches) and credit risk and provision
residuals (long-term credit charge mismatches). The earning assets within this
segment include the Corporation’s investment portfolio, and capital includes
both allocated and any remaining unallocated capital.
Company Address: 433 Main Street Green Bay, 54301 WI
Company Phone Number: 491-7500 Stock Exchange / Ticker: NYSE ASB
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Customers Net Income fell by |
ASB's Customers Net Profit Margin fell to |
-36.3 % |
10.95 %
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Stock Performances by Major Competitors |
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Associated Banc Corp
Financial News Report: Associated Banc-Corp's Q2 2024 Performance Shows Mixed Results Amid Revenue Decline GREEN BAY, Wis., December 29, 2023 ? Associated Banc-Corp (NYSE: ASB) released its financial results for the second quarter of 2024, presenting a mixed picture of performance. Despite a slight decline in revenue, the company managed to achieve significant gains in its earnings per share (EPS) and net earnings, signaling potential resilience in its overall operations. For the second quarter, Associated Banc-Corp reported total revenue of $298.74 million, marking a decrease of 0.868% compared to the same period last year, when revenue stood at $301.38 million. When compared to the preceding quarter, this figure represents a minor decline of 0.033% from $298.84 million. However, the company?s ability to improve profitability is notable. EPS soared by 32.14% year-over-year, reaching $0.74 per share, compared to $0.52 per share in Q2 2023. This jump in profitability is underscored by an increase in net earnings, which climbed to $115.573 million for the quarter, reflecting a 32.61% rise from the net earnings of $87.154 million reported a year earlier.
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Associated Banc Corp
Despite a weak fiscal interval closing in March 31, 2024, Associated Banc Corp has shown resilience and potential for growth. While income and revenue may have decreased year on year, it is important to note the significant improvement in EPS and revenue from the previous year. The fact that EPS turned positive and revenue doubled demonstrates the company's ability to adapt and improve their financial standing. With earnings falling slightly in the fiscal interval closing March 31, 2024, there is still room for optimism as the company continues to strive for success.
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Associated Banc Corp
Despite a challenging October to December 31, 2023 interval for Associated Banc Corp, there are reasons to remain optimistic about the future of the stock market. While the company slipped into a deficit of $-0.62 per share, compared to $0.71 a year prior, and experienced a decline in EPS from the previous reporting season, there is room for improvement. It is important to note that these setbacks are not unique to Associated Banc Corp, as many companies faced similar challenges during this time period. The revenue fell sharply by -69.339% to $101.38 million, and sequentially revenue tumbled by -66.079%. Additionally, the company logged a net deficit of $-90.806 million, instead of earnings of $108.761 million recorded in the similar reporting season a year before.
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Associated Banc Corp
Associated Banc Corp (ASB) faced a challenging financial span ending September 30, 2023, as indicated by its weak financial results. The income of the company experienced a significant decline of -14.52%, resulting in a decrease to $0.53 per share. Furthermore, the revenue also witnessed a decline of -6.08% to $298.88 million on a year-on-year basis. Looking at sequential figures, the net profit per share decreased by -5.36% from $0.56 to $0.53 per share, and the revenue decreased by -0.823% from $301.36 million. The net earnings of Associated Banc Corp amounted to $83.248 million, showcasing a decrease of -13.53% compared to $96.275 million during the corresponding period a year before. These figures raise concerns about the company's ability to maintain its financial stability and growth.
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Associated Banc Corp
Associated Banc Corp, a prominent player in the Regional Banks sector, recently released its financial results for the interval spanning April to June 2023. While the company witnessed a moderate increase in revenue, its profits experienced a decline when compared to the previous reporting period. This article aims to outline the key facts from the financial results and place them in the context of the company's recent stock performance. Financial Results: During the April to June 2023 interval, Associated Banc Corp reported a net profit per share of $0.56, which remained unchanged compared to the previous year. However, profits fell by -15.15% from $0.66 per share in the preceding financial reporting period. It is crucial to note that the company's net income grew slightly to $87.154 million, representing a 0.38% increase from the corresponding interval a year ago.
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Per Share |
Current |
Earnings (TTM) |
0.86 $ |
Revenues (TTM) |
5.92 $
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Cash Flow (TTM) |
2.29 $ |
Cash |
33.45 $
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Book Value |
28.13 $
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Dividend (TTM) |
0.85 $ |
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Per Share |
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Earnings (TTM) |
0.86 $
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Revenues (TTM) |
5.92 $ |
Cash Flow (TTM) |
2.29 $ |
Cash |
33.45 $
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Book Value |
28.13 $ |
Dividend (TTM) |
0.85 $ |
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