ASB Q2 net income $84M ($0.56 EPS); loan growth 2% QoQ; NIM 2.80%

ASSOCIATED BANC-CORP

2023-Q2 EPS reported $1.22 revenue$659,543,000

Net income available to common equity of $84M ($0.56 EPS) vs $100M ($0.66) in Q1 2023 and $84M ($0.56) in Q2 2022.
Net interest income $258M, down 6% QoQ; NIM compressed 27bp to 2.80%.
Period-end loans $29.8B (+$642M QoQ); deposits $32.0B (+$1.7B QoQ).
Provision for credit losses on loans $22M (vs $18M Q1) driven by loan growth; net charge-offs $11M.
FY2023 guidance: NII growth 10-12%, core customer deposits expected to decline 3%, expense growth 3-4%.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASSOCIATED BANC-CORP reported the quarter ended June 30, 2023 results: net income net income available to common equity ("earnings") of $84 million, EPS $0.56 per common share. Guidance reaffirmed.

Period: the quarter ended June 30, 2023
Net income: net income available to common equity ("earnings") of $84 million
EPS: $0.56 per common share
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Associated Banc-Corp Reports Second Quarter 2023 Net Income Available to Common Equity of $84 Million, or $0.56 per Common Share

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Source: SEC EDGAR

accession 0000007789-23-000053

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