Fourth quarter 2023 period end total loans of $29.2B decreased 3%, or $977M, from the prior quarter, driven primarily by a sale of $969M in residential mortgages associated with the balance sheet repositioning announced during the fourth quarter of 2023. “2023 was an extraordinary year for regional banking,” said President and CEO Andy Harmening. “Over the course of the year, the industry was tested in several new ways amid an uncertain macro environment. We addressed the immediate risks, while our colleagues remained forward looking, taking great care of our customers while continuing to execute our people-led, digitally enabled strategy. The results of these efforts were clearly visible in the back half of the year, with diversified loan growth, improving household growth metrics, and 3% core customer deposit growth.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on ASB:
- Associated Banc-Corp Reports Full Year 2023 Earnings of $1.13 Per Common Share, or $2.27 Per Common Share(1) Excluding One Time Items Recognized During the Fourth Quarter
- ASB Earnings this Week: How Will it Perform?
- Associated Banc-Corp price target raised by $1 at Keefe Bruyette, here’s why
- Associated Banc-Corp management to meet virtually with Piper Sandler
