secwatch.observer — SEC 8-K summary
======================================

Issuer:     ASSOCIATED BANC-CORP (ASB)
CIK:        0000007789
Form:       8-K
Filed at:   2023-07-20T23:59:59+00:00
Accession:  0000007789-23-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7789/000000778923000053/0000007789-23-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7789/000000778923000053/asb-20230720.htm
  HTML page:      https://secwatch.observer/filing/0000007789-23-000053

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer