Last10K.com

Associated Banccorp (ASB) SEC Filing 10-Q Quarterly report for the period ending Sunday, September 30, 2018

Associated Banccorp

CIK: 7789 Ticker: ASB


Exhibit 99.1
asblogo.jpg
NEWS RELEASE
Investor Contact:
Robb Timme, Vice President, Investor Relations     
920-491-7059
Media Contact:
Jennifer Kaminski, Vice President, Public Relations Senior Manager
920-491-7576

Associated Banc-Corp Reports Third Quarter Earnings of $0.48 Per Common Share, or $0.49 Per Common Share Excluding $3 million in Acquisition Related Costs1 

Earnings per share up 17% from the prior year
GREEN BAY, Wis. -- October 18, 2018 -- Associated Banc-Corp (NYSE: ASB) ("Associated" or "Company") today reported net income available to common equity ("earnings") of
$84 million, or $0.48 per common share for the quarter ended September 30, 2018. This compares to net income available to common equity of $63 million, or $0.41 per common share for the quarter ended September 30, 2017.
“Associated's customer deposit franchise continues to be strong. Data recently released by the FDIC shows that we grew our deposits 14% in Illinois and maintained our #3 ranking in Wisconsin with nearly 11% market share. Additionally, during the third quarter we saw robust deposit inflows from our municipal customers which allowed us to further reduce our higher cost network deposits." said President and CEO Philip B. Flynn. "We are also pleased with our year over year EPS growth. Our commercial and business lending portfolios had solid results and we continued to benefit from a benign credit environment that allowed us to further reduce our provision for credit loss."

THIRD QUARTER 2018 SUMMARY (all comparisons to the third quarter of 2017)
Average loans of $23.0 billion were up 10%, or $2.1 billion
Average deposits of $24.7 billion were up 10%, or $2.3 billion
Net interest income of $219 million increased $29 million, or 15%
Net interest margin of 2.92% improved 8 basis points from 2.84%
Provision for credit losses was negative $5 million, down from $5 million
Noninterest income of $88 million was up $2 million, or 3%
Noninterest expense of $204 million was up $27 million and included $2 million of acquisition related expenses
Income before income taxes was up 16%, or $15 million
During the quarter, the Company repurchased approximately 4 million shares, or $118 million, of common stock
Total dividends paid per common share were $0.15, up 25%

1This is a non-GAAP financial measure. Management believes these measures are meaningful because they reflect adjustments commonly made by management, investors, regulators, and analysts to evaluate the adequacy of earnings per common share, provide greater understanding of ongoing operations and enhance comparability of results with prior periods. See page 10 of the attached tables for a reconciliation of GAAP financial measures to non-GAAP financial measures which exclude acquisition related costs.



The following information was filed by Associated Banccorp (ASB) on Thursday, October 18, 2018 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

View differences made from one quarter to another to evaluate Associated Banccorp's financial trajectory

Compare SEC Filings Year-over-Year (YoY) and Quarter-over-Quarter (QoQ)
Sample 10-K Year-over-Year (YoY) Comparison

Compare this 10-Q Quarterly Report to its predecessor by reading our highlights to see what text and tables were  removed  ,   added    and   changed   by Associated Banccorp.

Continue

Assess how Associated Banccorp's management team is paid from their Annual Proxy

Definitive Proxy Statement (Form DEF 14A)
Screenshot example of actual Proxy Statement

Associated Banccorp's Definitive Proxy Statement (Form DEF 14A) filed after their 2018 10-K Annual Report includes:

  • Voting Procedures
  • Board Members
  • Executive Team
  • Salaries, Bonuses, Perks
  • Peers / Competitors

Continue

SEC Filing Tools

Rating

Learn More
Bullish Bearish Neutral
Filter Sentiment:
All
Positive
Negative
Filter Category:
All
Revenue
Financial
M & A
Legal
Other
Filter Subcategory:
All
Product
Expense
Income
Earnings
Dividend
Shares
Cash Flow
Debt
Other
Inside Associated Banccorp's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Consolidated Balance Sheets
Consolidated Balance Sheets (Parenthetical)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Changes In Stockholders' Equity (Parenthetical)
Consolidated Statements Of Changes In Stockholders' Equity (Unaudited)
Consolidated Statements Of Comprehensive Income
Consolidated Statements Of Income
Accumulated Other Comprehensive Income (Loss)
Accumulated Other Comprehensive Income (Loss) (Details)
Accumulated Other Comprehensive Income (Loss) (Tables)
Acquisitions
Acquisitions (Tables)
Acquisitions - Bank Mutual Acquisition (Details)
Acquisitions - Narrative (Details)
Balance Sheet Offsetting
Balance Sheet Offsetting (Details)
Balance Sheet Offsetting (Tables)
Basis Of Presentation
Commitments, Off-Balance Sheet Arrangements, Legal Proceedings And Regulatory Matters
Commitments, Off-Balance Sheet Arrangements, Legal Proceedings And Regulatory Matters (Details Textuals)
Commitments, Off-Balance Sheet Arrangements, Legal Proceedings And Regulatory Matters (Tables)
Commitments, Off-Balance Sheet Arrangements, Legal Proceedings And Regulatory Matters Residential Mortgage Repurchase Reserve (Details)
Commitments, Off-Balance Sheet Arrangements, Legal Proceedings And Regulatory Matters, Summary Of Lending Related And Other Commitments (Details)
Derivative And Hedging Activities
Derivative And Hedging Activities (Details Textuals)
Derivative And Hedging Activities (Tables)
Derivative And Hedging Activities - Cumulative Basis Adjustment For Fair Value Hedges (Details)
Derivative And Hedging Activities Derivative Impact On Perfomance (Details)
Derivative And Hedging Activities Income Impact Of Fair Value And Cash Flow Hedge (Details)
Derivative And Hedging Activities, Derivative Instruments Not Designated As Hedging Instruments (Details)
Earnings Per Common Share
Earnings Per Common Share (Details)
Earnings Per Common Share (Tables)
Earnings Per Common Share (Textual) (Details)
Fair Value Measurements
Fair Value Measurements (Details Textuals)
Fair Value Measurements (Tables)
Fair Value Measurements - Financial Instruments Classified Within Level 3 (Details)
Fair Value Measurements Fair Value Unobservable Level 3 Measurements (Details)
Fair Value Measurements, Assets And Liabilities Measured At Fair Value On A Nonrecurring Basis (Details)
Fair Value Measurements, Assets And Liabilities Measured At Fair Value On A Recurring Basis (Details)
Fair Value Measurements, Fair Value Of Financial Instruments (Details)
Goodwill And Other Intangible Assets
Goodwill And Other Intangible Assets (Details Textuals)
Goodwill And Other Intangible Assets (Tables)
Goodwill And Other Intangible Assets, Estimated Future Amortization Expense (Details)
Goodwill And Other Intangible Assets, Mortgage Servicing Rights Roll-Forward (Details)
Goodwill And Other Intangible Assets, Summary Of Core Deposit And Other Intangibles (Details)
Investment Securities
Investment Securities (Details Textual)
Investment Securities (Tables)
Investment Securities Gain/Loss Sale Of Securities (Details)
Investment Securities, Afs And Htm Contractual Maturities (Details)
Investment Securities, Afs And Htm Securities Amortized Costs And Fair Values (Details)
Investment Securities, Afs And Htm Securities Gross Unrealized Losses (Details)
Loans
Loans (Tables)
Loans Changes In The Allowance For Loan Losses By Oil And Gas Segment (Details)
Loans Changes To Accretable Yield (Details)
Loans Composition (Details)
Loans Credit Quality Indicator (Details)
Loans Narrative (Details)
Loans Past Due Status (Details)
Loans, Changes In The Allowance For Loan Losses (Details)
Loans, Changes In The Allowance For Loan Losses By Portfolio Segment (Details)
Loans, Impaired Loans Recorded Investment, Unpaid Principal Balance, Related Allowance, Average Recorded Investment, And Interest Income Recognized (Details)
Loans, Loans Modified In A Troubled Debt Restructuring (Details)
Loans, Troubled Debt Restructurings Performing And Nonaccrual (Details)
Loans, Troubled Debt Restructurings Subsequent Default (Details)
Retirement Plans
Retirement Plans (Details Textuals) (Details)
Retirement Plans (Tables)
Retirement Plans, Components Of Net Periodic Benefit Cost For The Pension And Postretirement Tables (Details)
Revenues
Revenues (Details)
Revenues (Tables)
Segment Reporting
Segment Reporting (Details)
Segment Reporting (Tables)
Short And Long-Term Funding
Short And Long-Term Funding (Components Of Short-Term And Long-Term Funding) (Details)
Short And Long-Term Funding (Long-Term Funding Narrative) (Details)
Short And Long-Term Funding (Remaining Contractual Maturity Of The Securities Sold Under Agreements To Repurchase) (Details)
Short And Long-Term Funding (Tables)
Short And Long-Term Funding Fhlb Maturity Schedule (Details)
Stock-Based Compensation
Stock-Based Compensation (Details Textuals)
Stock-Based Compensation (Tables)
Stock-Based Compensation, Restricted Stock Activity (Details)
Stock-Based Compensation, Stock Option Activity (Details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (Policies)
Summary Of Significant Accounting Policies Textuals (Details)

Material Contracts, Statements, Certifications & more

Associated Banccorp provided additional information to their SEC Filing as exhibits

Ticker: ASB
CIK: 7789
Form Type: 10-Q Quarterly Report
Accession Number: 0000007789-18-000053
Submitted to the SEC: Fri Oct 26 2018 12:39:41 PM EST
Accepted by the SEC: Fri Oct 26 2018
Period: Sunday, September 30, 2018
Industry: State Commercial Banks

External Resources:
Stock Quote
Social Media

Bookmark the Permalink:
https://last10k.com/sec-filings/asb/0000007789-18-000053.htm