NYSE$ASB
Associated Banc-Corp · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported net income available to common equity, driven by robust loan growth, expanding margins, stable deposits, and resilient credit.
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, 2022. The results were driven by strong loan growth, expanding margins, stable deposits, and resilient credit quality.
- Total commercial loans were up $1.2 billion to $16.8 billion.
- Total consumer loans were up $766 million to $9.7 billion.
- Total deposits were up $171 million to $28.6 billion.
- Net interest margin was up 29 basis points to 2.71%.
Headline financials
Revenue & EPS history
Associated Bank · Revenue · Quarterly
$292M
Revenue by segment
Associated Bank · $9.67M total across 1 segment · Q4 2021
- Capital Markets$9.67M+64.0%100.0%
Forward guidance
The company expects full-year total commercial loan growth of approximately $1.7 billion and auto finance loan growth of approximately $1.3 billion in 2022. They also expect 2022 net interest income to exceed $890 million and total noninterest expense of approximately $730 million to $740 million.
Tailwinds
- Short-term interest rates are expected to rise by 75 basis points following the Federal Open Market Committee (FOMC) meeting in July.
- A 25 basis point increase is expected at each remaining FOMC meeting this year.
- 2022 net interest income is expected to exceed $890 million.
- Full-year total commercial loan growth of approximately $1.7 billion is expected.
- Auto finance loan growth of approximately $1.3 billion is expected.
Headwinds
- Shifting economic environment necessitates a disciplined focus on credit quality.
- Mortgage Banking, net was down $2 million from the same period last year and down $2 million from the prior quarter, driven by slowing refinance activity and higher retention of mortgages on our balance sheet.
- Wealth management fees decreased $1 million from the same period last year and decreased $1 million from the prior quarter.
- Total noninterest expense of approximately $730 million to $740 million for 2022 is expected.
- The effective tax rate for second quarter of 2022 was 21.2% compared to an effective tax rate of 20.1% in the prior quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+0.4%
Avg return
Earnings day
+0.1%
Avg return
5 days after
+2.0%
Avg return
30 days after
52%
36 / 69 earnings
Positive
+9.5%
Q1 2018
Best reaction
-9.1%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.0% | -1.0% | -1.2% | |
| Q4 2025 | -3.9% | -2.4% | +4.0% | |
| Q3 2025 | +0.7% | -2.0% | +1.2% | |
| Q2 2025 | -2.4% | -0.5% | +3.1% | |
| Q1 2025 | +1.4% | +0.2% | +4.5% | |
| Q4 2024 | -0.8% | -2.4% | -3.5% | |
| Q3 2024 | +2.0% | +4.9% | +21.6% | |
| Q2 2024 | +3.5% | +0.2% | -2.6% | |
| Q1 2024 | +1.1% | -1.3% | -0.5% | |
| Q4 2023 | -1.0% | +0.0% | -5.6% | |
| Q3 2023 | -6.1% | -6.2% | +10.3% | |
| Q2 2023 | -2.0% | -3.0% | -6.5% | |
| Q1 2023 | -3.0% | -8.1% | -17.6% | |
| Q4 2022 | -0.9% | +1.1% | +6.4% | |
| Q3 2022 | +2.6% | +6.8% | +9.3% | |
| Q2 2022 | +2.7% | +3.7% | +13.1% | |
| Q1 2022 | -5.9% | -9.5% | -12.8% | |
| Q4 2021 | -0.1% | +0.2% | +2.2% | |
| Q3 2021 | -1.2% | +0.2% | +1.5% | |
| Q2 2021 | +0.0% | -0.6% | +6.7% | |
| Q1 2021 | +0.6% | +2.9% | +9.0% | |
| Q4 2020 | -2.9% | -5.3% | -1.5% | |
| Q3 2020 | +3.8% | -1.2% | +13.7% | |
| Q2 2020 | +3.4% | -1.1% | -0.8% | |
| Q1 2020 | +8.2% | +14.4% | +10.9% | |
| Q4 2019 | -1.3% | -2.5% | -5.1% | |
| Q3 2019 | -2.0% | -0.8% | +4.8% | |
| Q2 2019 | +0.8% | +1.4% | -11.7% | |
| Q1 2019 | -0.3% | +1.3% | -5.7% | |
| Q4 2018 | +3.5% | +4.3% | +11.1% | |
| Q3 2018 | -9.1% | -10.3% | -8.2% | |
| Q2 2018 | -1.6% | -1.6% | -3.7% | |
| Q1 2018 | +9.5% | +9.9% | +11.4% | |
| Q4 2017 | -1.6% | -2.7% | -1.6% | |
| Q3 2017 | +6.1% | +5.1% | +0.2% | |
| Q2 2017 | -5.1% | -3.7% | -11.4% | |
| Q1 2017 | +4.8% | +6.3% | +2.1% | |
| Q4 2016 | +1.9% | +4.1% | +7.8% | |
| Q3 2016 | -0.5% | +0.0% | +16.6% | |
| Q2 2016 | +2.8% | +3.8% | +9.8% | |
| Q1 2016 | -0.3% | — | — | |
| Q4 2015 | -0.9% | — | — | |
| Q3 2015 | +2.8% | — | — | |
| Q2 2015 | -1.8% | — | — | |
| Q1 2015 | -1.6% | — | — | |
| Q4 2014 | +2.5% | — | — | |
| Q3 2014 | +1.1% | — | — | |
| Q2 2014 | -0.5% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | +0.9% | — | — | |
| Q3 2013 | +0.6% | — | — | |
| Q2 2013 | -0.7% | — | — | |
| Q1 2013 | +3.6% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | +0.5% | — | — | |
| Q2 2012 | +2.8% | — | — | |
| Q1 2012 | -0.1% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -1.6% | — | — | |
| Q2 2011 | -5.1% | — | — | |
| Q1 2010 | -0.9% | — | — | |
| Q1 2011 | +2.7% | — | — | |
| Q4 2008 | +0.5% | — | — | |
| Q4 2010 | +0.5% | — | — | |
| Q4 2009 | +0.5% | — | — | |
| Q3 2009 | +5.6% | — | — | |
| Q3 2010 | +5.6% | — | — | |
| Q2 2009 | +1.0% | — | — | |
| Q2 2010 | +1.0% | — | — |
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