Associated Banc-Corp Q1 net income $78M ($0.52 EPS); NIM up 10 bps to 2.79%

ASSOCIATED BANC-CORP

2024-Q1 EPS reported $0.52 revenue$322,842,000

Net income available to common equity of $78M ($0.52 per share), compared to Q4 2023 loss of $94M and Q1 2023 income of $100M.
Net interest margin expanded 10 bps to 2.79%; net interest income rose $4M to $258M.
Period-end total deposits increased $267M to $33.7B; core customer deposits up $557M to $28.0B.
Commercial & business lending loans up $161M to $11.0B; consumer loans increased $190M to $11.2B.
Provision for credit losses on loans $24M (up $3M QoQ); noninterest expense decreased $42M to $198M.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ASSOCIATED BANC-CORP reported the quarter ended March 31, 2024 results: net income $78 million, EPS $0.52 per common share.

Period: the quarter ended March 31, 2024
Net income: $78 million
EPS: $0.52 per common share
Result: reported results

Exact text from the filing

Associated Banc-Corp Reports First Quarter 2024 Net Income Available to Common Equity of $78 Million, or $0.52 per Common Share

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Source: SEC EDGAR

accession 0000007789-24-000039

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