Last $17.31 USD
Change Today -0.40 / -2.26%
Volume 1.7M
ASB On Other Exchanges
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As of 8:04 PM 01/23/15 All times are local (Market data is delayed by at least 15 minutes).

associated banc-corp (ASB) Snapshot

Open
$17.35
Previous Close
$17.71
Day High
$17.68
Day Low
$16.88
52 Week High
11/13/14 - $19.44
52 Week Low
02/3/14 - $15.54
Market Cap
2.6B
Average Volume 10 Days
1.0M
EPS TTM
$1.17
Shares Outstanding
152.0M
EX-Date
11/26/14
P/E TM
14.8x
Dividend
$0.40
Dividend Yield
2.14%
Current Stock Chart for ASSOCIATED BANC-CORP (ASB)

associated banc-corp (ASB) Related Businessweek News

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associated banc-corp (ASB) 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.

associated banc-corp (ASB) 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
Executive Vice President, General Counsel, Se...
Total Annual Compensation: $406.7K
Head of Specialized Industries & Commercial F...
Total Annual Compensation: $348.4K
Compensation as of Fiscal Year 2013.

associated banc-corp (ASB) Key Developments

Associated Banc-Corp Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014; Announces Net Charge Offs for the Fourth Quarter 2014

Associated Banc-Corp reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported total interest income was $190,998,000 compared to $181,537,000 a year ago. Net interest income was $174,661,000 compared to $167,199,000 a year ago. Income before income taxes was $67,499,000 compared to $61,605,000 a year ago. Net income available to common equity was $47,513,000 or $0.31 basic and diluted per share compared to $46,485,000 or $0.28 basic and diluted per share a year ago. Return on tangible common equity for the quarter was 10.27% compared to 9.87% a year ago. Tangible book value per share was $12.06 against $11.62 a year ago. Return on average assets was 0.75% against $0.80 a year ago. For the year, the company reported total interest income was $736,745,000 compared to $708,983,000 a year ago. Net interest income was $680,967,000 compared to $645,543,000 a year ago. Income before income taxes was $276,045,000 compared to $267,893,000 a year ago. Net income available to common equity was $185,507,000 or $1.16 basic and diluted per share compared to $183,534,000 or $1.10 basic and diluted per share a year ago. Return on tangible common equity for the quarter was 9.91% compared to 9.73% a year ago. Tangible book value per share was $12.06 against $11.60 a year ago. Return on average assets was 0.76% against 0.81% a year ago. The company announced net charge offs of $4 million for the fourth quarter 2014 were up $2 million from the third quarter, but are down $1 million from the year ago quarter.

Associated Banc-Corp and Ahmann & Martin Announce Executive Changes

Associated Banc-Corp (Associated) announced that it has entered into an agreement to acquire Ahmann & Martin Co. The transaction is expected to close February 2015. As part of the proposed transaction, several key Ahmann & Martin Co. executives will assume leadership roles at Associated Financial Group and will be responsible for the thoughtful integration and expansion of the business. Dean Hildebrandt, the current CEO of Ahmann & Martin Co., will assume the role of president and CEO of the newly combined firm. He will report to Bohn who will serve as chairman of Associated Financial Group. In addition, David Martin, benefits principal of Ahmann & Martin Co., will serve as executive vice president and lead Associated Financial Group's overall benefits strategy. Richard Ahmann III, property and casualty principal at Ahmann & Martin Co., will also continue with the firm playing a key role in helping to bring the businesses together. Ahmann, Martin and Hildebrandt will all be members of Associated Financial Group's board of directors.

Associated Banc-Corp Promotes Christopher C. Piotrowski to Executive Vice President

Associated Banc-Corp announced that chief marketing officer Christopher C. Piotrowski has been promoted to executive vice president; joining the company's executive committee and reporting to president and CEO, Philip B. Flynn. In addition to marketing, Piotrowski oversees corporate communications including public relations, internal communications and corporate social responsibility.

 

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Industry Analysis

ASB

Industry Average

Valuation ASB Industry Range
Price/Earnings 14.8x
Price/Sales 2.8x
Price/Book 1.0x
Price/Cash Flow 13.6x
TEV/Sales NM Not Meaningful
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