Last $18.07 USD
Change Today +0.02 / 0.11%
Volume 1.3M
ASBC On Other Exchanges
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As of 8:10 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

associated banc-corp (ASBC) Snapshot

Open
$17.93
Previous Close
$18.05
Day High
$18.15
Day Low
$17.91
52 Week High
07/7/14 - $19.06
52 Week Low
09/23/13 - $15.06
Market Cap
2.9B
Average Volume 10 Days
1.3M
EPS TTM
$1.08
Shares Outstanding
159.5M
EX-Date
08/28/14
P/E TM
16.7x
Dividend
$0.36
Dividend Yield
1.94%
Current Stock Chart for ASSOCIATED BANC-CORP (ASBC)

associated banc-corp (ASBC) Related Businessweek News

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associated banc-corp (ASBC) Details

Associated Banc-Corp, a bank holding company, offers various banking and nonbanking financial services to individuals and businesses primarily in Wisconsin, Illinois, and Minnesota. The company operates in three segments: Commercial Banking, Consumer Banking, and Risk Management and Shared Services. The Commercial Banking segment offers business checking and other business deposit products, business loans, lines of credit, commercial real estate financing, construction loans, letters of credit, revolving credit arrangements, insurance related products and services, business credit cards, and equipment and machinery leases. This segment also provides safe deposit and night depository services, cash management, risk management, and international banking services, as well as check clearing, safekeeping, and other banking-based services. The Consumer Banking segment provides lending and deposit services to individuals and small businesses; and various fiduciary, investment management, advisory, and corporate agency services. This segment offers home equity loans and lines of credit, residential mortgage loans and mortgage refinancing, personal and installment loans, checking, savings, money market deposit accounts, IRA accounts, certificates of deposit, and safe deposit boxes; small business checking and deposit products, fixed and variable annuities, and discount and on-line investment brokerage; and trust/asset management, investment management, administration of pension, profit-sharing and other employee benefit plans, personal trusts, and estate planning services. The Risk Management and Shared Services segment provides corporate risk management, finance, treasury, facilities management, and operations and technology functions. As of December 31, 2012, it operated approximately 240 banking offices serving 150 communities. The company was founded in 1964 and is headquartered in Green Bay, Wisconsin.

4,431 Employees
Last Reported Date: 07/17/14
Founded in 1964

associated banc-corp (ASBC) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $1.3M
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $477.5K
Chief Information & Operations Officer, Execu...
Total Annual Compensation: $458.3K
Chief Credit Officer, Executive Vice Presiden...
Total Annual Compensation: $459.3K
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $406.7K
Compensation as of Fiscal Year 2013.

associated banc-corp (ASBC) Key Developments

Associated Banc-Corp Promotes William M. Bohn to the Position of Executive Vice President, Head of Private Client and Institutional Services

Associated Banc-Corp announced that William M. Bohn has been promoted to the position of executive vice president, head of Private Client and Institutional Services. Bohn had previously served as chief executive officer of Associated Financial Group. Before his AFG executive role, Bohn was senior vice president/director of legal, compliance and risk management for Associated. Bohn succeeds Timothy J. Lau who earlier this year was appointed to the new post of executive vice president, head of Community Markets for Associated.

Associated Declares Regular Quarterly Cash Dividend on Common and Series B Perpetual Preferred Stock Payable on September 15, 2014

The Board of Directors of Associated Banc-Corp declared a regular quarterly cash dividend of $0.09 per common share, payable on September 15, 2014, to shareholders of record at the close of business on September 2, 2014. 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 September 15, 2014, to shareholders of record on September 2, 2014.

Associated Banc-Corp Reports Un-Audited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge Offs for the Second Quarter 2014

Associated Banc-Corp reported un-audited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total interest income was $181,630,000 against $176,360,000 a year ago. Net interest income was $168,703,000 against $160,182,000 a year ago. Income before income taxes was $68,025,000 against $70,496,000 a year ago. Net income available to common equity was $45,087,000 against $46,588,000 a year ago. Basic and diluted earnings per share were $0.28 against $0.28 a year ago. Return on average assets was 0.75% against 0.82% a year ago. Return on average tangible common equity was 9.56% against 9.76% a year ago. For the six months, the company reported total interest income was $359,694,000 against $351,712,000 a year ago. Net interest income was $333,676,000 against $317,835,000 a year ago. Income before income taxes was $133,861,000 against $139,234,000 a year ago. Net income available to common equity was $89,042,000 against $92,676,000 a year ago. Basic and diluted earnings per share were $0.55 against $0.55 a year ago. Return on average assets was 0.75% against 0.83% a year ago. Return on average tangible common equity was 9.51% against 9.78% a year ago. Book value per share was $17.99 per share against $16.97 per share a year ago. The company reported net charge offs of $3 million for the second quarter were down $3 million from the prior quarter, and are down $11 million from the year ago quarter.

 

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Industry Analysis

ASBC

Industry Average

Valuation ASBC Industry Range
Price/Earnings 16.5x
Price/Sales 3.1x
Price/Book 1.0x
Price/Cash Flow 15.6x
TEV/Sales NM Not Meaningful
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