Every material Form 8-K Associated Bank filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
On December 11, 2024, Associated Banc-Corp's board increased its size from 11 to 13 directors and appointed Kristen Ludgate and Owen J. Sullivan to fill the new seats. The filing describes a board governance change with no reported financial results, compensation terms beyond standard non-employee director pay, or transactions with the company.
Board expanded from 11 to 13 directors on December 11, 2024; Ludgate and Sullivan filled the resulting vacancies.
Kristen Ludgate, 62, joins the Compensation and Benefits Committee; she is Chief People Officer at HP Inc.
Owen J. Sullivan, 67, joins the Enterprise Risk Committee; he retired in 2023 as President and COO of NCR.
Associated Banc-Corp completed an underwritten public offering of 13,800,000 shares of common stock at $25.00 per share on November 18, 2024, with BofA Securities and J.P. Morgan Securities as underwriters. The underwriters also exercised in full their option to buy 1,800,000 additional shares on November 15, 2024. The company expects net proceeds of approximately $330.7 million after underwriting discounts and offering expenses, and the issuance increases the number of shares outstanding.
13,800,000 shares sold at $25.00 per share to the underwriters, with the offering completed on November 18, 2024
Underwriters exercised in full their option for 1,800,000 additional shares on November 15, 2024
Expected net proceeds of approximately $330.7 million after underwriting discounts and estimated offering expenses
Shares were sold under Form S-3 registration statement File No. 333-280004 and prospectus supplements dated November 14, 2024
Associated Banc-Corp reported third-quarter 2024 net income available to common equity of $85 million, or $0.56 per diluted share, down from $113 million and $0.74 in the second quarter but up from $80 million and $0.53 a year earlier. The second-quarter figure included a one-time $33 million tax benefit, and the company now expects 2024 net interest income growth of 0% to 1%, with period-end loan growth at the lower end of its 4% to 6% range.
Net income available to common equity of $85 million and diluted EPS of $0.56, versus $113 million and $0.74 in Q2 2024 and $80 million and $0.53 in Q3 2023
Q2 2024 included a one-time $33 million tax benefit; Q3 2024 tax expense was $20 million
Net interest income of $263 million, up $6 million from Q2 2024; net interest margin of 2.78%
Expects 2024 total net interest income growth of 0% to 1% and period-end loan growth at the lower end of 4% to 6%
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Associated Bank filing is on SEC EDGAR ↗. 8-K briefs of other companies →