Associated Banc-Corp Q1 2023 net income $100M, EPS $0.66; deposits up $696M

ASSOCIATED BANC-CORP

2023-Q1 EPS reported $0.66 revenue$336,083,000

Net income available to common equity $100M ($0.66 EPS) vs $106M ($0.70) prior quarter and $71M ($0.47) year ago.
Total deposits increased $696M to $30.3B; commercial loans up $175M to $18.2B, consumer loans up $233M to $11.0B.
Net interest margin down 24 bps to 3.07%; noninterest expense down $9M to $187M.
Provision for credit losses $18M vs $20M prior quarter.
CEO cited stable deposit flows and strength in Midwest core markets.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASSOCIATED BANC-CORP reported quarter ended March 31, 2023 results: net income $100 million, EPS $0.66 per common share.

Period: quarter ended March 31, 2023
Net income: $100 million
EPS: $0.66 per common share
Result: reported results

Exact text from the filing

Associated Banc-Corp Reports First Quarter 2023 Net Income Available to Common Equity of $100 Million, or $0.66 per Common Share

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Source: SEC EDGAR

accession 0000007789-23-000028

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