Associated Banc-Corp Q3 EPS $0.53, down 5% QoQ and 15% YoY; NIM 2.71% down 9 bps

ASSOCIATED BANC-CORP

2023-Q3 EPS reported $1.75 revenue$980,366,000

Net income available to common equity of $80M ($0.53/sh); down from $84M ($0.56) in Q2 and $93M ($0.62) a year ago.
Total period-end deposits grew $109M to $32.1B; core customer deposits up over $500M; net interest margin compressed 9 bps to 2.71%.
Commercial loans up $68M to $18.5B, consumer loans up $276M to $11.7B; full-year loan growth guidance revised to 5%-6%.
Nonaccrual loans rose $37M to $169M (0.56% of total loans); net charge-offs $18M vs $11M in Q2; provision flat at $22M.
CET1 ratio 9.55%; 2023 guidance: NII growth 8-10%, noninterest income down 8-10%, expense growth 3-4%.

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 the quarter ended September 30, 2023 results: net income $80 million, or $0.53 per common share, EPS $0.53 per common share.

Period: the quarter ended September 30, 2023
Net income: $80 million, or $0.53 per common share
EPS: $0.53 per common share
Result: reported results

Exact text from the filing

Associated Banc-Corp announced its earnings for the quarter ended September 30, 2023

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Source: SEC EDGAR

accession 0000007789-23-000069

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