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Jun 30, 2021
Associated Bank Q2 2021 Earnings Report
Associated Banc-Corp reported second quarter net income with improving credit dynamics and growing net interest income.
Key Takeaways
Associated Banc-Corp reported a net income available to common equity of $86 million, or $0.56 per common share, for the quarter ended June 30, 2021. The results were driven by improving credit dynamics, growing net interest income and continued expense discipline.
Period-end loans (excluding PPP) were up $216 million, to $23.5 billion
Net interest income was up $4 million, to $180 million
Fee-based revenue was up $2 million, to $53 million
Provision for credit losses was negative $35 million, compared to negative $23 million
Forward Guidance
We continue to expect full-year commercial loan growth, excluding PPP, of 2% to 4% in 2021, driven by an expected 4% to 6% increase in CRE balances and an expected 1% to 2% increase in commercial and business lending outstandings.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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