Associated Banc-Corp Board of Directors declared a regular quarterly cash dividend of $0.08 per share on company's common stock payable on June 17, 2013, to shareholders of record at the close of business on June 3, 2013. The Board of Directors also declared a regular quarterly cash dividend of $0.50 per depositary share on the company's 8.00% Series B Perpetual Preferred Stock payable on June 17, 2013, to shareholders of record at the close of business on June 3, 2013.

Associated Banc-Corp (NasdaqGS:ASBC) is seeking acquisitions. Associated said it is flush with capital and indicated that he would use some of it to make acquisitions.

Associated Banc-Corp announced unaudited consolidated financial results for the first quarter ended March 31, 2013. For the quarter, the company reported net interest income of $157.653 million, reflecting 2 less days in the quarter and less one-time positive items, compared to $154.668 million for the last year. Net income available to common shareholders was $46.088 million, or $0.27 per basic and diluted share, for the quarter ended March 31, 2013. This compares to net income available to common shareholders of $41.333 million, or $0.24 per basic and diluted share, for the quarter ended March 31, 2012. Total interest income was $175.352 million, compared to $180.573 million for the last year. Income before income taxes was $68.738 million, compared to $63.352 million for the last year. Book value per share was $17.13 as on March 31, 2013, compared to $16.32 as on March 31, 2012. Return on average assets was 0.83%, compared to 0.79% for the last year. Return on average tangible common equity was 9.81%, compared to 8.85% for the last year. Return on Tier 1 common equity for the quarter was 10.07%, and that was up from 9.23% a year ago. Net charge offs of $14 million for the first quarter of 2013 were down $6 million from the fourth quarter, and were $7 million lower than a year ago. The company provided earnings guidance for the year 2013. The company expects total non-interest expense for 2013 to be flat on a year-over-year basis, compared to the 2012 reported level. The company expects modest net interest margin compression over the course of the year, driven by continued pressure on earning asset yields. The company expects to defend margin compression through liability repricing and refinancing actions to partially offset the asset yield compression.