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Jun 30, 2023
Associated Bank Q2 2023 Earnings Report
Associated Bank's financial performance remained stable, driven by balance sheet expansion, stable credit trends, and strategic initiatives.
Key Takeaways
Associated Banc-Corp reported a net income available to common equity of $84 million, or $0.56 per common share, for the quarter ended June 30, 2023. The results reflect the resilience of Midwestern markets and continued execution of the company's strategic plan.
Total period end commercial loans increased $274 million to $18.4 billion.
Total period end consumer loans increased $367 million to $11.4 billion.
Total period end deposits increased $1.7 billion to $32.0 billion.
Net income available to common equity decreased $16 million to $84 million.
Forward Guidance
Associated Banc-Corp expects total loan growth of 6% to 8%, total core customer deposits to decrease by 3%, total net interest income growth of 10% to 12%, total noninterest income to compress by 8% to 10%, and total noninterest expense growth of 3% to 4% in 2023.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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