secwatch.observer — SEC 8-K summary
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Issuer:     ASSOCIATED BANC-CORP (ASB)
CIK:        0000007789
Form:       8-K
Filed at:   2023-10-19T23:59:59+00:00
Accession:  0000007789-23-000069
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/7789/000000778923000069/0000007789-23-000069-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/7789/000000778923000069/asb-20231019.htm
  HTML page:      https://secwatch.observer/filing/0000007789-23-000069

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