Associated Banc-Corp (ASB) Rides on Strategic Plan, Costs High
ASBAssociated Banc-p(ASB) Zacks Investment Research·2024-02-17 03:16

Associated Banc-Corp (ASB) is committed to advancing its strategic efforts to strengthen loan and deposit balances. It expects the strategic growth plan to yield favorable operating leverage gradually. However, elevated funding costs and a worsening operating backdrop are likely to exert pressure on asset quality. ASB remains focused on its organic growth strategy, driven by robust loans and deposit balances and efforts to improve fee income. Loans and deposits witnessed a compound annual growth rate (CAGR) ...