Associated Banc-Corp Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
October 24, 2024 at 04:17 pm EDT
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Associated Banc-Corp reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was USD 262.51 million compared to USD 254.24 million a year ago. Net income was USD 88.02 million compared to USD 83.25 million a year ago. Basic earnings per share from continuing operations was USD 0.56 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.56 compared to USD 0.53 a year ago.
For the nine months, net interest income was USD 776.96 million compared to USD 786.17 million a year ago. Net income was USD 284.76 million compared to USD 273.76 million a year ago. Basic earnings per share from continuing operations was USD 1.83 compared to USD 1.76 a year ago. Diluted earnings per share from continuing operations was USD 1.82 compared to USD 1.75 a year ago.
Associated Banc-Corp is a bank holding company. The Company, through Associated Bank and various nonbanking subsidiaries, provides a range of banking and nonbanking products and services to individuals and businesses. The Company is a banking franchise, offering a full range of financial products and services from more than 200 banking locations serving more than 100 communities throughout Wisconsin, Illinois, and Minnesota. Its Corporate and Commercial Specialty segment consists of lending and deposit solutions to larger businesses, developers, not-for-profits, municipalities, and financial institutions, and the support to deliver, fund, and manage such banking solutions. Its Community, Consumer, and Business segment consists of lending and deposit solutions to individuals and small to mid-sized businesses. Its Risk Management and Shared Services segment includes key shared corporate functions, parent company activity, intersegment eliminations, and residual revenues and expenses.